Will Absolute
New Member
My point was that if profits have dropped then it's less fun for the Glaziers and there has to be a point where they decide enough is enough and jump ship. If that does happen then the club having a lower market value will be better for us surely because there's less chance of a debt laden buy out and even in the event of one the club being worth less means there would be less debt.
If only that were true, but I don't think it is. Even if the club's value drops to £1billion, that won't make another LBO much less likely, imo. At the moment the debt is low as a proportion of the club's value - unless we're lucky, that figure is likely to increase as a result of a sale.
I see no light at the end of the tunnel for the club,personally. We're stuck with the Glazers, and the Moyes situation is their first real test. We should have a better idea what the future holds in a year or two - will they act decisively and sack Moyes; offer him their full support and a large wad of cash; or something in between?