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Old 9th October 2010, 12:20   #1
TanyaT
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Join Date: Mar 2003
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Default MUST response to MUFC financial results - more losses

MUST response to MUFC financial results - more losses

In response to Manchester United's financial results a MUST spokesperson said:

"The financial results today continue to demonstrate the tremendous revenue generated by Manchester United - directly or indirectly through the unparalleled loyal support the club receives. Sadly those supporters are let down by owners who continue to extract millions from our club. Imagine how successful we could be without the millstone that is the Glazers' ownership.

Under a supporter ownership model, or even the debt free plc model prior to the Glazers takeover, this huge revenue stream could largely be reinvested in the Football Club (squad, stadium, ticket prices) rather than being leached out by the Glazers.


The pressure continues to build on them - with greater competition domestically it is going to become increasingly expensive just to maintain a place in the Champions League and the huge debt burden makes the club extremely vulnerable to any dip in revenues such as that which might be triggered by a decline in on the pitch performance. When Sir Alex retires the chances of maintaining anything like the same level of success look remote without massive investment. So the clock is ticking for the Glazers - and for the supporters too. It is time for every Manchester United supporter to join together through the supporters trust and demonstrate their desire to not only see a change in ownership but to participate in it too.


It is only a matter of time before the opportunity for a change of ownership comes and supporters need to be ready. MUST membership has grown to 163,000 but this is the tip of the iceberg and we want to see membership approaching a million (there are 3 million members on the MUFC Facebook group alone) to coincide with supporters opportunity to invest in the club when the Glazers agree to sell."
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