Manchester United: Debt, protest and the Green and Gold...

[Lars77]

Run time: 09:01 https://www.youtube.com/watch?v=VF0dIziOTVI   Posted on YouTube: March 05, 2010 By YouTube Member: Euronews Views on YouTube: 0   Posted on DU: March 06, 2010 By DU Member: Lars77 Views on DU: 602

 
Manchester United Football Club - one of the world's most successful sporting brands - is in massive debt.

The 2005 takeover of the club by the American Glazer family plunged United into the red overnight.

The fans are outraged and a campaign to oust the Glazers from Old Trafford is in full swing.

[MineralMan]

1. Up Chelsea!

[Crowman1979]

2. A few years ago, pissed off Man U. shareholders started their own football club.

I believe it's called the F.C. United of Manchester.

[Crowman1979]

3. Ironically, the football club arcross town--Manchester City, is DEBT FREE!

[Lars77]

4. It's owned by Abu Dhabi United Group. No wonder they're debt free :)

[Crowman1979]

5. Go Wolves!

Yeah their headed toward relegation, but at least they weren't destroyed by an NFL owner-scumbag. Besides, their's more to professional english soccer than the Premier League.

[dbmk]

6. The core story goes beyond football

Its the ability for someone to take on massive debt to buy up a business in excellent shape - and then transfer the debt to the busines - yet still withdraw a huge paycheck before the debt is gone.

Turning a debtfree and sound business into a cashcow on lifesupport.