Rumblings of discontent?
Apparently all may not be well with the Glazer family regarding their attempted IPO for MUFC on the NYSE. I cannot see any sane fund manager or private investor putting money into it based on the lack of possible dividends and a complete lack of voting impact as the shares owned by the Glazers will effectively have 10 times the voting power of other shareholders.
The fact that they are now trying to launch an IPO in a third market in less than a year speaks volumes. The screw is being turned, make no mistake about it. Cashflow must be extremely tight and let’s face it, the only way they will ever make huge money on United is by breaking the collective TV deal and selling the club’s rights on an individual basis. Which ain’t happening anytime soon.
The sooner we are rid of them the better. Well until the next parasite comes along.
- WATPOAE / LUHG
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