UK time is: 04:09:59
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...




UPCOMING GAMES:
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

CHAMPIONS LEAGUE FIXTURES:

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

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.
Wswilly3
The Grauniad: "Glazers cement Manchester United control by moving to block takeovers" http://www.guardian.co.uk/football/2012/jul/31/glazers-manchester-united-takeovers
Johnny Baguette
Nited's going down, with -£billion in the bank.
HeavyRiffs
Yoonited - the floater that just wouldn't flush.
fifthcolumnblue
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".
PhillyBlueMoon
LGHU, keep up the good work.
StuMCFC
Top info Philly. I also hear that their supermarket chains are in a massive nosedive.
Johnny Baguette
Brilliant piece by the way.
Barney Daniels
So, we are talking United going the same way as Rangers - All my Dreams!!
Barney Daniels
 

Have Your Say

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

Recent Articles

The Ped Report City 2-2 Sunderland (Thursday April 17 2014)

Stats: Manchester City v Sunderland (Wednesday April 16 2014)

The Citizens versus The Black Cats (Wednesday April 16 2014)

The Ped Report Liverpool 3-2 City (Sunday April 13 2014)

The Reds versus The Citizens (Saturday April 12 2014)

Archived Articles

List All VMC Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. Johnny Baguette 288
2. Skoorb 136
3. PhillyBlueMoon 115
4. Buzz Lightyear 114
5. rojo2010 101
6. Bluedub 90
7. fifthcolumnblue 88
8. citizhun 85
9. Spooks 84
10. kennyclementstache 76

League Results (view all)

League Table (view table)

Team P W D L GD Pts
1. Liverpool 34 24 5 5 +51 77
2. Chelsea 35 23 6 6 +41 75
3. Man City 33 22 5 6 +54 71
4. Arsenal 34 20 7 7 +18 67
5. Everton 34 19 9 6 +21 66
6. Spurs 35 19 6 10 +2 63
7. Man Utd 33 17 6 10 +18 57

Breaking League News

Monk's Reaction After Vital Newcastle Win
» Swansea : 19/04/2014 22:00:00
Pardew: We Should Have Won Against Swansea
» Swansea : 19/04/2014 21:56:00
Mel - A Good Week Of Training
» WBA : 19/04/2014 21:24:00
Finishing Annoys Pochettino
» Southampton : 19/04/2014 21:05:00
Duo In PFA Nominations
» Southampton : 19/04/2014 20:53:00
Pulis - We Don't Get The Credit We Deserve
» Crystal Palace : 19/04/2014 20:34:00
Ole - Soft Penalty Galvanised Us
» Cardiff : 19/04/2014 20:12:00

Current Site Poll (view all polls)

Yaya Injured - Who Should Partner Fernandinho In Midfield?
Suggested By:  Gerry Gow
Javi Garcia 25%
Jimmy Milner 75%