Siorac
Full Member
- Joined
- Sep 1, 2010
- Messages
- 23,967
So that's 18m per year on dividends in the last 5 years. Now, while that is exactly 18m per year more than what the Glazers deserve for their work at United, it still highlights the problem: namely, that any potential owner who is looking for a return on investment is likely to be not much different to the Glazers.thanks.
"#MUFC have paid £209m in last 5 years to fund Glazers’ ownership structure: £120m interest plus £89m dividends. In fact, in last 10 years they spent an extraordinary £838m on financing: £488m interest, £251m debt repayments & £99m dividends. Took out £140m loan since year-end."
Thats pretty insane, considering that only Kroenke seems to do the same, but on a smaller level (~100m during the last 5 years).
I mean it's what, a 4bn investment at this point? With 20m a year in dividends, you're looking at 200 years to break even. So our options are becoming a vanity/sportswashing project or there's the impossible dream, that a few thousand passionate and dedicated fans put up the money somehow. And it's hard to see that happening. Or, of course, there's the third option: another leveraged buyout by a different Glazer family.
I agree with the protests - I'm just very pessimistic about what will happen even if they turn out to be successful.