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Float On, Float On Towards Oblivion

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.




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

Writer:Johnny Baguette
Date:Wednesday August 1 2012
Time: 9:31AM

Comments

0
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
01/08/2012 10:07:00
0
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
01/08/2012 10:13:00
0
Nited's going down, with -£billion in the bank.
HeavyRiffs
01/08/2012 10:44:00
0
Yoonited - the floater that just wouldn't flush.
fifthcolumnblue
01/08/2012 10:48:00
0
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
01/08/2012 13:24:00
0
LGHU, keep up the good work.
StuMCFC
01/08/2012 14:35:00
0
Top info Philly. I also hear that their supermarket chains are in a massive nosedive.
Johnny Baguette
01/08/2012 15:27:00
0
So, we are talking United going the same way as Rangers - All my Dreams!!
Barney Daniels
01/08/2012 17:56:00
0
Brilliant piece by the way.
Barney Daniels
01/08/2012 17:56:00
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