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Since the Glazers arrived at Old Trafford, much has been made of the Americans, and very little of it being positive. In fact, such was the outrage at their purchase of United, fans created FC United and have worn green and gold coloured scarves to protest ever since. Yet with United posting profits of £29.7 million pre-tax, and for the first time seeing their revenue pass £300 million for the first time, have the Glazer’s been such a bad influence at Old Trafford?
One fact that you cannot get away with when debating the effect of the Glazer’s on Manchester United is the amount of debt they amassed against the club when they first bought it. Since 2005, it is estimated that £478 million has been spent on servicing debt, with £373 million of that spent on interest fees (the guardian) with the year just gone having seen close to £52 million alone on intrest payments.
Fans are obviously unhappy about this, and have the right to be concerned, and when the Glazers’ first arrived it was more than reasonable for them to hold concern for the club they love so much. The fear of United being lost to debt or face up to being less competitive in the transfer market due to lack of available funds, not to mention the worry over keeping hold of key players were very real issues.
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However, the Glazers have been at United for enough time now to make a more complete judgement about them, and take into account other factors than profits and debt – which whilst important are not the be all and end all of running a football club.
One thing that the Glazer’s cannot be faulted on is letting Fergie run United the way he sees fit. Granted it would take a brave man to tell the legend that is Sir Alex Ferguson how to do his job, but when you compare the level of interference from the Glazers to that of Abramovich and his managerial merry-go round at Chelsea, or the Sheik at City, Fergie has a remarkable amount of control over all things at Old Trafford – both on and off the field.
Not only does he have final say on things at all levels at the club, the Glazers have not once tried to force players on him – a la Shevchenko at Chelsea- or forced Fergie into selling for any reason. Yes, people may point to the departure of Ronaldo, but no player is bigger than the club, Fergie knows this, and once the boy wanted to leave, United knew better than to keep him. The £80 million from Ronaldo was a great bit of business, and the sale had very little to do with financial issues or needing to raise capital. Had Ronaldo wanted to stay, Fergie would never have been forced into selling him.
The Glazers have also provided money for the purchase of players – and good ones at that. This summer especially has seen the arrival of several players such as Phil Jones, Ashley Young and De Gea. Obviously there are some constraints, as there would be with any owner, but for the main, Fergie has not been prevented from buying both when he felt was necessary and who he felt was needed.
Nor can it be said that the Glazers have hampered United’s progress on the field –since their arrival in 2005, success has still befallen United, and yes you can say this is because of Fergie and the players, but the owners could have easily prevented such success by interfering in the day to day running of the club – something that they have steered well clear of.
For some, the level of debt that the Glazer’s have inflicted on United is unforgivable, making them the most indebt club in world football with £715 million to be precise, and the ‘green and gold until United are sold’ will always be their way of thinking, but in actual fact, are the Glazer’s just the best of the worst in terms of football owners?
I realise that is about as complementary as saying that Capello is doing a better job with England than McClaren did, but realistically, it could be much worse in terms of the level of interference the Glazers inflict upon Fergie. Having all the money in the world cannot make up for a lack of control and being told who to play – just ask the last 8 Chelsea managers.
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