As a United fan do you want this IPO to succeed (as the Glazers have laid out), or fail?

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It's a difficult one.

Whichever one gets them out of our great club and back to Tampa the fastest will get my vote.

Drasdo and his cronies at MUST have their own agenda and I for one do not subscribe to their BS.

Of course we want it to succeed, it brings the debt down but these guys back stabbed the fans sp much more now. They said they'd be putting all the proceeds towards the debt and now back tracked on their word. 75m isn't that much to lower the debt with but it's better than nothing I guess

I wanted it to work, but now I'm not so sure.

Although I trust MUST as much as I trust the Glazers, not atall.

I wonder if the other money is being used for transfers ?

It's in Glazers interests for us to win PL or CL titles and in order for this to happen, money needs to be invested into the team.

I wonder if the other money is being used for transfers ?
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I think that Glazers in their Marketing Roadshow that will be stopping in a street near you, very soon, will be keen to remind potential United fan investors that (some of) you money will go (directly or indirectly) to boost Fergies War Chest

comment by ManUtdDaredevil (U9612)
posted 7 minutes ago
Drasdo and his cronies at MUST have their own agenda and I for one do not subscribe to their BS.
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I tend to agree.

Drasdo and MUST being wrong doesn't make the Glazers right though.

I'm no MUST supporter but at least MUST have the interests of the club at heart and not their pockets.

Succeed

Even 75m off the debt is better than nothing and the Glazers will own less of the club (despite retaining control obviously

Sems to me this is a deviation from their business plan and smacks of desparation.

As for MUST, they just talk bollox. Most United fans I know don't give two hoots about them and I never see anyone at the MUST stand on SMB Way on matchdays either.

One concern I have is that the Glazers seem to be changing their minds on what they intend to do pretty regularly now which doesn't sound like a particularly stable situation and moreso a gamble of sorts

If they continue is this manner I can only see the protests starting up again although, like last time, it won't affect the Glazers' one iota

On the whole though, less debt and less Glazer ownership is a step in the right direction as opposed to the wrong direction that MUST seem to have changed their stance too

This whole think is really starting to rankle me now though.

UnitedRedMacca

Good post. More or less where I'm at.

MUST talk utter BS at times but like I said before at least they care about the club. At least they want what's best for the club and not their pockets.

I also agree about the rankling. It's gone too far now. They are just taking the Pi$$ out of the fans now.

Wouldn't be surprised if things turn ugly next season.

I've seen Drasdo on Twitter and he looks like a proper weasel, I read on his timeline since 2005 they've only raised 3.1m to get the Glazers out Very long way till the 2b needed

Is the club on the NYSE right now?

I checked this morning and wasn't on NYSE but that was 5am (when my daughter wakes EVERY single day)

VRF

Yes he comes across as really silly. He certainly doesn't help himself at times.

But he's a red. A proper red and he is hurting by what those cretins have done to our club.

MUST aren't going to do anything like you say. They will never be able to raise a significant amount of money to make a difference.

Our only hope is that they sell up to a very very rich person who doesn't mind over paying for United or Fergie comes out in protest to their owwnership which doesn't look like happening either.

I really don't know who can afford United in this current climate, if the club falls into the hands of football fans I think I'll probably jump off a cliff.

I expect MUFC to use their world wide database of ST holders, One-United Members, on-line Megastore user's etc, etc personal details to promote the IPO using Direct Mail or Online blasts, too.

Is the club on the NYSE right now?
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I think Reuters mentioned August 16th as D Day

I just checked the NYSE, the club isn't on there yet.

Ah thanks for that RBW.

I expect MUFC to use their world wide database of ST holders, One-United Members, on-line Megastore user's etc, etc personal details to promote the IPO using Direct Mail or Online blasts, too.

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Of course they will.

Did anybody actually think the announcement of our 650m global fans from a few weeks ago was a coincidence? It was all part of the plan.

They want some of these 650m to help pay off their debts and boost their own pockets at same time.

And the timely announcement of Chevrolet money was also part of the plan. Deliver some good news right before hitting the fans with the truth over the IPO.

They must think we're daft.

Why is even half the investors' money being used to pay the debt, bad for us? Let's say all united fans listened to MUST and didnt invest, but normal investors did as they dont care about MUST. Why would it hurt us or the club if 50% of that money removed the debt?

Does it hurt us if the Glazers take the other 50%? Of course it would be annoying as it could have gone on the debt, but United fans haven't lost anything from pre IPO have they? The shares are next to worthless in terms of voting rights, and there are no dividends, so essentially the investors are paying the Glazers for a cut of their action, although they only get a cut of the ownership on paper and none of the benefits!

Let's take it to an extreme. Let's assume the Glazers kept 100% of the cash they raised from selling some of their ownership shares to traders which offer no dividends and practically no voting rights. How has even that affected the club negatively? The debt would still be the same, the money going out the club would still be the same, it wouldn't have got worse.

Lastly, if the Glazers/United are paying big interest on their debts, then why keep 50% of the cash to put 25m each in your family members savings accounts. They''ll be losing more than that if the debt stays massive and the interest big over time. If that was a good plan we might as well all remortgage our houses to just get a cash bonus to give to our families.

Obviously remortaging becomes more sensible if you need access to some quick cash for a purpose, but do the main wealthy Glazers really desperately need an extra 25m that quick if it's being split 25m each? If they needed that relatively small amount, they really are in trouble family wise across all their businesses and assets. In fact wouldn't it be better to sell the club if things were that bad. Don't forget the 25m each isnt free, because it's not being used to pay interest on the club's main debt, and if the club is spending a lot of money on debt that reduces it's value to the Glazers if and when they sell i.e. it's just as good for them as us to get rid of the debt, because they'll get more profit.

BTW I dont like the Glazers or their debt one bit, but MUST does annoy me as well.

Can't believe some fans are getting all giddy thinking United will fold too, I think anyone who wishes for any club to fold are scu.m

MUST are irrelevant anyway. They are never going to be in a position that makes a difference.

There are only two scenarios that lead us to the Glazers leaving and MUST aren't either of them.

MUST's only saving grace is at least their hearts are in the right place, even if their heads aren't always.