Sir Jim probably got in bed with the Glazers to keep them running Manchester United.
It’s a pity the UK government allowed this to happen to United.
Before 2005, J.P. McManus and John Magnier were major shareholders, but United was largely debt-free and they did not saddle the club with the huge acquisition debt that followed.
Their relationship with Sir Alex Ferguson deteriorated over the Rock of Gibraltar dispute, and they eventually sold their 28.7% stake to Malcolm Glazer.
Glazer then completed the takeover through a leveraged buyout, borrowing heavily to purchase United.
The resulting debt sat within the takeover structure and was ultimately serviced from the club’s revenues.
United went from being largely debt-free before the takeover to carrying significant debt under the Glazers.
@Udewalter_ Ok.. then who is responsible for that debt you idiot? We are against them only.. if they can’t afford why they put that burdon on the club..
Exclusive 💣
▪️Multiple left back targeted 🎯
▪️Mystery loan striker options 🫣
Manchester United are going back in for Lewis Hall, and this time it’s personal.
Sources close to the deal confirm the Red Devils will make one final, aggressive contact with Newcastle after learning the left-back is desperate to move to Old Trafford.
The player sees himself as the long-term solution at left-back at @ManUtd and is pushing hard for the switch.
But if @NUFC dig in and play hardball?
United already have a Plan B locked and loaded: Racing Santander’s Jorge Salinas. The Spanish 🇪🇸 full-back is a confirmed alternative ready to step up if Hall stays put.
Manchester United are also in the market for a striker and not ruling out short-term solutions. Loans are on the table as they look to add firepower 🧨 before the window shuts.
The next few weeks could be explosive.
Who’s ready for this? 🔴💣