Firm rumours, which seemed to have substance, emerged yesterday that the Glazer family are going to sell shares on the Singapore stock market. Presumably to pay off debt.
It's called an Initial Public Offering (IPO) and basically means that anyone can buy shares in the club, a bit like a PLC.
As it's just a sale of a section of the shares, there would be no danger of the Glazer's losing control or being subject to a hostile takeover.
What do you think about this? If the Glazers used this to wipe out the current £370m net debt would it be better for the club or will it make little difference as Ferguson seems to have funds to spend anyway?
I've been keeping out of this because of some of the stupid stuff posted on here. But feel the need to add my twopence worth now.
IMO MUST are a spent force. They made some stupid mistakes and backed the wrong horse with the Red Knights. Support for them was obviously at an all time low at the end of last season. Furthermore, by far the majority of United supporters couldn't give a damn about FCUM, what they think about United's success, whether they win their games, etc. They may think they are still linked to United, but they're not. If some United supporters chose to support both teams fine, but to me it' would be the same as me deciding to support United and Stockport County.
Nobody likes the club being saddled with debt, but as pointed out by many posters, the Glazers have lef SAF and Gill run the club. Hopefully at least some of the money raised will be used to reduce this. The shares will be available for fans to purchase if they have the cash and if they can be bothered. I did have some shares in United before the Glazers took over, but unfortunately can't afford to now.
One of the best things about this site is the fact that we can have friendly inter club banter and also make serious comments on other clubs articles. It annoys the hell out of me when someone like Nobby's Teeth is so unpleasant to others. So apologies to Gerrez and wishi.