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?
Are you UTD-4-EVER? You do seem to be unravelling the way he did towards the end.
Latest MUST email : Glazers to sell MUFC shares in Singapore IPO - latest here:
Taken from the link provided:
"The Glazers should use ALL proceeds of a flotation to repair the financial damage they've done to our club first before they take any money for themselves. That means they pay in full both the bond debt and all costs (interest, fees etc) they've imposed on our club through their takeover."
IMO, having the expectation of them using the income to pay of debt is fair enough, unlikely to happen but fair enough. But all related costs such as interest and fees etc they have imposed SINCE the takeover? Really? That is simply not going to happen, ever! At any club!