Manchester City - Float On, Float On Towards Oblivion
UK time is: 08:08:39
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Float On, Float On Towards Oblivion

There's a terrible racket going on outside the city walls. As if things weren't desperate enough with those tartan tea towel shirts, another ready up is brewing within Team Glazer...

Drove my chevy to the levy but the bank was dry?

It's gonna be Norwich scarves all round if they keep this up. As has been more than well documented worldwide, the debt ravaged Stretfords owners have shelved panic driven plans to raise $1bn in Singapore and are intent on bringing the salvage operation home to the USA. They are after $330m (£210m).

However, last night, the terms of 'The New York Floaters' proposed share sale were revealed...

It says here that only a portion of the proceeds will go towards paying off part of the club's stunning $650m debt. Our Malcolm stands to pocket personally a significant amount. Furthermore, the sale is structured so that the Glazers Class B shares will have 10 times the voting power of the Class A shares sold off to the public. Nice.

The club which has according to it's own pompous drivel 650 million supporters worldwide, still refuses to ask all those people for $1 each to solve the problem so that they can try to go back to bossing the transfer market unchecked again. Instead, a more sinister development has been unearthed.

A '2012 Equity Incentive Award Plan' has lurked it's way into the rags Initial Public Offering (IPO). In other words, senior employees at the swamp are in for a sizeable windfall. As Malc makes it more and more difficult for anyone else to takeover at the swamp, the Home Counties natives are getting restless...

All of a sudden the spotlight has fallen upon Sir Alex Ferguson who continues to cling to power deludedly way past his sell by date. If the last season didn't prove to him that the famed comebacks and strong second halves to the season are over, then the next one surely will. Already the rags Supporters Trust are asking just how much Taggart and his accolyte David Gill will trouser once the deal is done.

What a disastrous pre-season distraction this is in the lead up to the rags Monday night defeat at Everton in just under 3 weeks time.

City basher UEFA President Michel Platini. The football world awaits your view on one of your elite clubs antics with interest.

The final word rests with four blokes in City suits...

all times East Manchester

Sat 04 Aug 20h30 Wolfsburg, Volkswagen Arena, Friendly (ESPN TV)
Sun 05 Aug 19h00 Limerick, Jackman Park, Friendly
Sun 12 Aug 13h30 Chelsea, Villa Park, Community Shield
Sa 18 Aug 15h00 Southampton, The Etihad PL
Sa 25 Aug 15h00 Liverpool, Anfield PL


The draw for the 2012/13 Champions League Group Stage will take place in Monaco on Thursday, 30th August. The opening round of games will kick off in the week commencing Monday, 17th September.

Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!

Click here to join in the debate on the club forum.

The journalist

Writer: Johnny Baguette Mail feedback, articles or suggestions

Date:Wednesday August 1 2012

Time: 9:31AM

Your Comments (oldest first)

Change to most recent first
We love you Glazers we really do, we love you Glazers oh yes we do. Keep it going Glazers you are wonderful for United. Just makes you realize yet again what a fantastic owner we have in the good Sheikh.
Report Abuse
01/08/2012 10:07:00

The Grauniad: "Glazers cement Manchester United control by moving to block takeovers"
Johnny Baguette
Report Abuse
01/08/2012 10:13:00

Nited's going down, with -£billion in the bank.
Report Abuse
01/08/2012 10:44:00

Yoonited - the floater that just wouldn't flush.
Report Abuse
01/08/2012 10:48:00

They need the money because their NFL team no longer makes money hand over fist. Each teams gets a certain amount of money from the leagues TV deal each year, roughly $140m, and the salary cap for players is about $125m. However, there is also a salary floor, and teams have to spend at least $100m a year on player salaries. Until that floor came into existence just last year, the Buccaneers would routinely spend half the cap and pocket the rest. They can't anymore, and their vaunted shopping mall chain is still in debt, so the only way the family can make money is at the expense of a team with a mountain of debt themselves. Once the decline starts they won't be as valuable as they once were. To quote Jim Morrison, "This is the end".
Report Abuse
01/08/2012 13:24:00

LGHU, keep up the good work.
Report Abuse
01/08/2012 14:35:00

Top info Philly. I also hear that their supermarket chains are in a massive nosedive.
Johnny Baguette
Report Abuse
01/08/2012 15:27:00

Brilliant piece by the way.
Barney Daniels
Report Abuse
01/08/2012 17:56:00

So, we are talking United going the same way as Rangers - All my Dreams!!
Barney Daniels
Report Abuse
01/08/2012 17:56:00


Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Manchester City Articles

Silva Joins Aguero As An Injury Concern (Saturday October 10 2015)

No Toure Pressure From Pellegrini (Saturday October 10 2015)

Anxious Aguero Wait! (Friday October 9 2015)

Guardiola Just Won't Go Away (Thursday October 8 2015)

Four City Changes For TV (Thursday October 8 2015)

If It Goes In, It Doesn't Matter! (Monday October 5 2015)

Archived Manchester City Articles

List All VMC Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Premier League Network Sites

Vital Members League (view all)

1. Johnny Baguette 136
2. Skoorb 107
3. kennyclementstache 29
4. Bluedub 27
5. fifthcolumnblue 27
6. Buzz Lightyear 24
7. johnkelv 24
8. citizhun 20
9. Chippy_Tea 17
10. VMC Admin 14

League Results (view all)

League Table (view table)

Team P W D L GD Pts
1. Man City 8 6 0 2 +12 18
2. Arsenal 8 5 1 2 +6 16
3. Man Utd 8 5 1 2 +4 16
4. Crystal Palace 8 5 0 3 +4 15
5. Leicester City 8 4 3 1 +2 15
6. West Ham 8 4 2 2 +6 14
7. Everton 8 3 4 1 +4 13

Manchester City Fixtures (view all)

Breaking League News

Have You Seen The New Coral Sign?
» Norwich : 13/10/2015 06:00:01
Ball Success For 'Around The World'
» Newcastle : 12/10/2015 22:40:00
Ayew Up For African Footballer Of The Year Award
» Swansea : 12/10/2015 21:03:01
Williams & Taylor Help Wales Qualify For Euro 2016!
» Swansea : 12/10/2015 20:50:01
Up The Blues.
» Chelsea : 12/10/2015 19:05:01

Current Site Poll (view all polls)

Your Favourite Goal From The Knacking Of Newcastle?
Suggested By:  Shaun Gloater
Agüero 42′ 6%
Agüero 49′ 4%
Agüero 50′ 17%
De Bruyne 53′ 52%
Agüero 60′ 8%
Agüero 62′ 13%