My point was that a PLC is open for takeover on the stock market, legal action can be taken, as was threatened by Glazer if a sensible bid is rejected. A privately owned club holds its destiny in its own hands and therefore is less susceptible to a takeover.not being a Public Limited club does not mean you can't get bought over. Both PLCs and Private clubs can be bought. The danger is, and this is not from a Man U fan standpoint, but as a football supporter stand point, is that this could spark a surge in takeovers. It is important to realise not all will be as successful as Chelsea's. The danger in the Glazer take over is that, as he is not a football fan, it's a business & will be treated as so, and if he doesn't get the results he desires he could collapse his debt into the club, sell it & move on without caring.
You say Glazer isn't a football fan, but if you believe what you read, then his son has tried to reassure the fans that the Glazer contingency are football fans with the best interest of the club at heart. Of course, whether I or more importantly you, as a Utd fan, believe that is a totally different matter.
Your fears about the future of the club are totally warranted. If Chelsea fans weren't so blinded by their success this season they might actually stop for a moment and say, "hang on a minute, what happens when Abrahmovic gets bored?" This is the knee jerk reaction that Man Utd fans are currently experiencing, the fact is, Man Utd has always been a well run club with decent profit margins whereas Chelsea hasn't. If the Russian billionaire pulls out, Chelsea are screwed Leeds style, where as I suspect, Man Utd would survive.
In response to the other half of your past, I have to disagree. I can't see there being a mass takeover of English clubs by rich entrepreneurs. Sure it happens in the lower leagues, where a rise to stardom, Fulham, Cardiff or Wigan style sees share prices soar, but in the top flight, with top teams, the risk is just far too great. When you consider that potentially any team from about 9th down could feasibly get relegated next season, it isn't good business sense to buy. The only clubs that could get sold, have been sold. In my opinion, the likelihood of takeover at Arsenal or Liverpool for example, by a non-affiliated, unrelated third party, is slim to none.
Thx, for your final statement by the way. There are few members that posess the required footballing savvy to have these kinds of conversations with.
Reply With Quote
