Dumb News

Just listening to BBC news on t'wireless.

"Some angry fans even burnt home made effigies of Malcolm Glazer"

as opposed to shop bought ones?

 

flash wrote

I don't understand, the news has only just this minute started, after
some quite harrowing report on a burd, her mum and their experiences
with MRSA and The System.

Who?

 

Sounds like you radio is picking up last week's news. Try thumping the top.

 

That Glazer bloke is pretty shrewd.
He's probably already selling official effigies in the club shop.

 

flash wrote

I listen to BBC R4, they make the news.

I would but I can't find any porn. It is something they seem never to
have done.

 

I find the whole spectacle amusing, lots of sad sheep bleating about
someone buying a public limited company.

The most effective protest they can make would be to stop buying Man Utd
products, but that won't happen because being sheep they are not capable
of free thought.

--
Martin:
"For a minute there, you bored me to death."
VTR1000 Firestorm
TDR250 http://ukrm.net/BIKES/Yamaha/tdr250.html
martin dot smith nine zero three at ntlworld dot com

 

And the 'leader' of the supportes club ripped up his season ticket. So what?
There's only one game left and it's an away match.

 

What they should oughta done is, as soon as Glazer started looking serious,
combined to put 25% plus 1 share into a fans' investment trust. Without 75%
control, he cannot **** about with the balance sheet. The only way he's
going to be able to afford to buy is by taking on hyooooge amounts of debt,
and the only way he can do that is by controlling the balance sheet. I told
a ManU fan [who *said* he was close to the anti-group] this nearly 9 months
ago, and it's been publicised in the press also. They would benefit from
their income and capital appreciation of the shares, but title would be
held - forever, if necessary - in the trust. Had they done that last year,
Glazer would have walked away. He would have day-to-day management control,
but he would not have the financial autonomy which was essential to his
planned financing of the deal.

I suppose that the fans wouldn't make such a move while there was still a
snowball's chance of hell of Glazer backing down - which he was never, ever
going to do. Now they are frantically trying to put this together, and it's
almost certainly too late. So, take your pick [if you care, which I don't]
between a slippery, ginger-rinsed, geriatric multi-millionaire tosser like
Glazer there or a slippery, naturally-coloured, youngish billionaire thief
like Abramovitch at Chelsea. Which unsavoury, self-promoting arsehole will
buy Arsenal [what's in a name, eh?] and the other big clubs?

 

[snip analysis of Man U sit'n]

Phew, that took some reading but I got there in the end, you've
obviously thought about it considerably more than the average fan.


--
Martin:
"For a minute there, you bored me to death."
VTR1000 Firestorm
TDR250 http://ukrm.net/BIKES/Yamaha/tdr250.html
martin dot smith nine zero three at ntlworld dot com

 

Rosbif could take a man out with just one punch
But he never did like to talk about it all that much.
It's my work, he'd say, and I do it for pay
And when it's over I'd just as soon go on my way
Up to some paradise
Where the trout streams flow and the air is nice ...
[Apologies to Bob Dylan!]

It's one of those straightforward ratios that are crucial in all corporate
finance matters. 75%+1 for full financial control. 90%+1 to be able to
enforce the sale of minority shares. Glazer will want 75%+1, and if the
fans stay arsey he will neutralise the minority shareholders out of
existence with a deep-discount rights issue. They will end up with
firelighters!

 

WHOOSH!

--
Martin:
"For a minute there, you bored me to death."
VTR1000 Firestorm
TDR250 http://ukrm.net/BIKES/Yamaha/tdr250.html
martin dot smith nine zero three at ntlworld dot com

 

Ah. He'll say that all shareholders have the right to subscribe for
10/100/1000 new shares for every one share they own, at a price of X pence.
They won't be able to afford them. He will subscribe for his 75%. Instead
of owning say 20% of the company, they will suddenly own 2%. He will then
compulsorily purchase the rump [being now <10%], and that will be that. The
outstanding shares will be ... firelighters, apart from some small curiosity
value like 19th century Russian railway bonds - except they look rather
pretty, and I expect that the few remaining paper ManU shares look like
trash.

 

I think you'll find that was the renewal form.

 

Véritable Rosbif wrote:
[snip]>>

That one had vapour trails!
--
Martin:
"For a minute there, you bored me to death."
VTR1000 Firestorm
TDR250 http://ukrm.net/BIKES/Yamaha/tdr250.html
martin dot smith nine zero three at ntlworld dot com

 

Not that I give a shit about the trials and tribs of ManU or its fans,
but a comment I heard today summed it up for me... "If the fans were
really all that bothered about ownership, they had years in which to buy
shares of their own."

 

Last try. He will roll right over them. They will be fucked. Their shares
will be worthless. Because they are football fans ^h^h^h junkies, they will
keep on paying. Serves 'em right.

 

Oh absolutely. I do find the thing strangely interesting - a pile of
emotional but "tough" macho football fans against a ruthless aging
American capitalist. Serves them right for not working out who they
were up against.

 

I've got things in my fridge that are capable of that.

We've got lots of those:

Kokand-Namangan Railway, Baku-Tiflis Railway, Government of the
Kingdom of Bulgaria, Argentinian Railroads, all sorts of old nonsense.

ISTR Russia offering to buy them up at 2% of face value, a while back.

They do. Works of art, those certificates.
--
| ___ Salad Dodger
|/ \
_/_____\_ GL1500SEV/CBR1100XXX/KH500A8/TS250C
|_\_____/_| ..75113../..18561.../..3184./.19406
(>|_|_|<) TPPFATUICG#7 DIAABTCOD#9 YTC#4 PM#5
|__|_|__| BOTAFOT #70 BOTAFOF #09 two#11 WG*
\ |^| / IbW#0 & KotIbW# BotTOS#6 GP#4
\|^|/ ANORAK#17 IbB#4
'^' RBR Landmarks: 12 Pts: 220 Miles: 914

 

I thought they were all burning next seasons season ticket renewal forms

 

Pound to a penny says that they'll all - bar a very principled ^h^h^h
impoverished ones - be back to be fleeced next season. Next season is,
after all, little more than a fortnight away.