- Joined
- Apr 28, 2018
- Messages
- 345
True no private individual is buying us at the price that the Glazers would demand. It just doesn't make sense to spend the best part of four billion on an asset that will require another billion on playing staff and infrastructure which has an operating profit of circa £100m - £150m. Might as well just buy bonds if they have any cash lying around.
For the Glazers to leave it's the Saudis or bust.
Exactly, Glazers-bust (the strange state of a club being flush with cash but just enough is siphoned off for the club to be uncompetitive but yet profitable). The sad thing is that, as Jim Ratcliffe said, the valuation of $2.6B only comes from a small percentage of non-voting shares being floated, not a real price that anyone has ever come close to paying for a football club.
So it is Sauds or, most likely, Glazers-bust. Worst outcome is if Saudis buy another club in the PL. In which case it is at least another generation of being Glazer-busted.