zuricity wrote:salford city wrote:Dimples wrote:6 Oct 2021
The Glazers put another 9.5MILLION shares in Manchester United up for sale on the New York Stock Exchange - worth £137m - just months after Avram Glazer pocketed £70m from another sale... but the club will not see a single penny of it
God bless malcolm glazer
Not being funny, but why would you expect the Rags to see any of it ? They are shares traded on an open market. Unless there is a buy back , nothing helps the Rags. The worse thing that can happen from a Rags point of view is that the Glazer family percentage drops. Leads to chaos in the boardroom.
I have a very basic grasp on finance and I would not expect the club to see any of the money from the sale of privately owned shares.
I just thought it ironic that the Glazers were personally cashing in on the Ronaldo/Sancho share price bounce as Rome burns.
Is it not enough to pay yourself annual dividends of £20M, saddle a debt free club with £500M in loans, blow approx £50M annually to service that debt, let the physical infrastructure decline, etc... No it's not.
Cash in on the bounce created by us the Glazers by selling some shares but keep 70% share ownership so we can continue to milk the cow.
Could not happen to a nicer club.