Ian B. Hough, esq.

Hypothetical scenario; For argument sake, let’s say United do get relegated? Turnover collapsed from £800m to £300m, suddenly £78m per year interest payments become a very very serious problem. No Premier League broadcasting revenue, no Champions League money, no tourists just die hards Old Trafford some weeks is half empty, meaning ticket prices drop drastically- coupled with a wage bill approaching £6m a week, don’t forget the historic players and manager payments and hundreds of millions in debt still needing servicing. The share price would likely collapse, investors would be dumping stock and the club’s valuation could fall below its liabilities. You’re now looking at a potential negative equity situation, serious cash flow problems and financial regulations becoming increasingly difficult to comply with. That would focus the Glazers’ minds very fucking quickly. Their entire model depends on revenue growth, borrowing and the value of the asset. Take those away and suddenly they’re having to find actual money to keep the thing afloat. And unlike Abramovich or Sheikh Mansour, they haven’t got the personal liquidity to bankroll a league 1 football club let alone one the size of United The Glazers are essentially the American version of that woman at number 7, who owes Klarna £2k, has done for six years and keeps taking out another loan to pay the interest. I think the will put the club up for sale again in January… 👊🏻