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Post by rob on Feb 10, 2005 14:09:44 GMT 1
I see manchester united fans (Manchester education committee and shareholder united or whatever they are called) are trying to resist the take over attempts of "their" club.
Can't say i understand where they are coming from...
Manchester united is a PLC, it is the owned by shareholders.
Didnt hear all these United fans complaining when United were floated on the stock market providing millions of pounds to spend on a ground/training complexes/superstores/players etc...
Maybe they should face up to relaity, they sat there whilst their club was turned into a city w hore, then was the time to act not now.....
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Post by El Huracán!!!! on Feb 10, 2005 14:16:17 GMT 1
The united mafia making threats to all and sundry - the protesters who were doing the peasefull stuff are fine its the scummy ones burning efigys (sp) and threating Glaziers familey are out of order - man u's fans have to understand that frakley the money will talk eventually and if its a good deal it will go though - what ever the motives for the club are long term I hope he come in and ruins the club - i think that would be the best for all concerned
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Post by rob on Feb 10, 2005 14:25:44 GMT 1
they were happy to have big naff off companies invest large amounts of £s in them, so why are they gettingupset with these companies wanting to sell up??? After all people invested bought shares with the idea of collecting dividends and hopefully being able to offload the shares a few years later for a great price As David Conn would say "it's market forces at work"
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Post by CuyBlue nli on Feb 10, 2005 15:36:56 GMT 1
The shareholders group have been around for a long time and have a history of looking after the interests of fans of the club. The best interest of the fans does not necessarily mean the same as the best interests of investors. I would hope that ShrewsTrust is a fans interest group not an investers vehicle for decision making. The tactics of the other group mentioned should lead them to jail. Given the history of Americans investing in Football (Chester), I'd want the Glazer family to steer clear of Shrewsbury
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Post by Kilburn White on Feb 10, 2005 15:38:24 GMT 1
Man Utd floated on the Stock Exchange in 1991, when they'd not won the league for something like 26 years. I a lot of their fans were quite happy to see a cash injection and didn't mind too much where the money came from - I certainly can't remember any organised opposition.
Now, well, barring the odd blip, they've had pretty much unbroken success since that floatation, and I reckon they probably think if it ain't broke...They were also able to fight off Murdoch and their ISA has a decent sized holding.
Also, Glazier's motives are pretty dodgy at best, and I wouldn't want the bloke anywhere near my club. United's fans do have limited sympathy from me, but a little bit of me would find it quite interesting if he did succeed (in the same way that there's something fascinating about car crashes) I actually admire United's supporters for getting organised and going in for a little bit of direct action, but the threats of violence etc are out of order.
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Post by gobbieshrew on Feb 10, 2005 16:15:30 GMT 1
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Post by benlennagain on Feb 10, 2005 16:26:37 GMT 1
I asked micheal jackson where he was going on holiday.....he said he was going to tampa with the kids.
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Post by El Huracán!!!! on Feb 10, 2005 16:33:45 GMT 1
I asked micheal jackson where he was going on holiday.....he said he was going to tampa with the kids. I though he was going to Kidsgrove!!
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Post by RG on Feb 10, 2005 19:33:31 GMT 1
Its the players who are amusing me ! Giggs and Ferdinand have both said in newspaper articles this week that they do not understand the rationale or logic behind the takeover - so it must be a bad thing Neither of those two could understand a plot in an episode of the tweenies - so, more power to the Yank Man U 0 Yank 2 (Giggs og Ferdinand og)
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mattsnapper in frankfurt
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Post by mattsnapper in frankfurt on Feb 10, 2005 20:13:53 GMT 1
man united fans were NOT happy with the share issue in 1990-1991
please tell me where u got that information that man utd fans werent complaining
at old trafford for YEARS there has always been at least one banner about anti-shareholders united and regularly in their fanzines the shareholders issue is always brought up
stop man utd bashing
regardless of if man utd fans were happy or not about the shares anyway, glazier is NOT the man to own man utd or any football club in that most of his money is borrowed money. at least abramovich has the cash in the bank
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Post by benlennagain on Feb 10, 2005 20:15:12 GMT 1
roman (allegedly) got his money illegally....i dont think hes a good thing at all
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mattsnapper in frankfurt
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Post by mattsnapper in frankfurt on Feb 10, 2005 20:20:08 GMT 1
roman (allegedly) got his money illegally....i dont think hes a good thing at all did u see the documentary on BBC2 about him..? He didnt get it illegally.. he just played the game in a maifa type way... but like I said, at least he has the cash sitting in his bank without any outstanding loans
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Post by benlennagain on Feb 10, 2005 20:22:41 GMT 1
Yeah i suppose everyone gets a lot of money by shafting someone along the line..........I have distinct feeling that Glazer is a complete idiot, a ken bates attention seeker............i saw one of the utd spokesmen against the glazer bid he made some good points and wasn't over sensationlising...
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Post by rob on Feb 10, 2005 20:31:48 GMT 1
The football business fair game in the 90s? by David Conn Needs to be taken with a pinch of salt as he is heavely anti Premier$hite but an interesting read all the same. The club was gradually bought up from the 1960s by Louis Edwards, from then on the fans never had control of it. Louis Edwards (sometime around 1978) issued a rights issue, giving every shareholder the right to buy 208 £1 shares for every one they held. the club would stayed under Edwards control and he had 208 times the shares he had before. He did this to get around the FA rules stating that dividends were restricted to 5% of a £1 share. When the book was written Martin Edwards had only ever invested £600K in Man United and that was buying up others shares and buying more through the rights issues. Of course Manchester United fans were complaining, they were complaining inbetween purchasing Ryan Giggs duvets, manchester united wall paper and United aifresheners How much of the company does the shareholders group own? i heard there were about 20,000 members who collectively owned 2-3%. Reguardless of what anyone say, Manchester United is a PLC, those companies and businessmen who hold shares in Manchester United PLC are entitled to do what-ever-the feck they like with their shares. its not as if a shady deal has been done between one the chairman and the directors and that as a result you've been shafted out of your ground and left with huge debts to pay (ala Wrexham, Cambridge,Brighton lower league clubs) All this business has been conducted in the media, it is possible to see who owns what and what is happening as the company is listed...
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Post by CuyahogaBlue on Feb 10, 2005 20:42:33 GMT 1
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mattsnapper in frankfurt
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Post by mattsnapper in frankfurt on Feb 10, 2005 20:44:04 GMT 1
...quit the ryan giggs duvet gags - its the same in any decent club shop now - man u were the first to commercially exploit the fans - just like u buy a shrews mouse mat or town top or a TOWN DUVET ;D
its the fact a man who is using borrowed money to buy an already financially sound company which is the probelm.
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Post by what on Feb 10, 2005 20:53:00 GMT 1
Asking Ferdinand to understand football finance and administration is like asking Bernard Manning to explain the race relations act. He clearly knows knoball about it, and by pretending he does only makes matters worse, making people laugh at the "expert knowledge of the case for the defense" Ask Man Utd to stop bashing themselves first Snapper
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Post by Worthingshrew on Feb 10, 2005 21:43:18 GMT 1
if they should be blaming anyone, its their own Board who decided to go plc, includng presumably Sir Bobby Charlton. They can't have the advantages of a plc, and none of the potential hazards. I hope he shafts them!
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Post by ratcliffesghost on Feb 10, 2005 21:49:31 GMT 1
if they should be blaming anyone, its their own Board who decided to go plc, includng presumably Sir Bobby Charlton. They can't have the advantages of a plc, and none of the potential hazards. I hope he shafts them! Fair point that Full support from "the fans" for becoming a PLC if I remember right, lots of glorious money to prelong the Man U dynasty. Bit blinkered maybe
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