I'll be honest, I think Fabregas and his agent are using one of the biggest clubs in football who are in desperate need of a player in his mould to get an improved deal at his boyhood club. I'm not only talking about money either, I think he doesn't feel fully appreciated by the club and fans and is using this whole affair to show them that he's staying despite the interest in him by other top clubs. This is offcourse complete guess work on my part but that's what I think is happening behind the scenes.
I understand people that are saying it's been a waste of time when United keep pursuing a player Barcelona have clearly no intention of selling. On the other hand people that say it's embarrassing are too worried about the club's image and mistake the transfer window for a dick measuring competition. It's just what top clubs do, they go after top targets and sometimes they fail, it's nothing to be ashamed of. The only thing that's embarrassing is their perception on a failed transfer. Madrid went after Neymar this summer and he chose Barca over us. Do I think it's embarrassing? Hell no, I couldn't give two fecks about what others think about it. But I do think that every second the club spent going after him has been a waste of time when you look at the outcome.
My whole point is that saying it's been a waste of time doesn't equal to thinking that your club are embarrassing themselves. This is offcourse my opinion on the matter and I do understand that different people have different opinions.