Sunday, October 24, 2010

Sir Alex Ferguson Masterstroke II

As if locking up Wayne Rooney in the confines of the United camp wasn't enough, SAF has also played the Glazers into his hand as he managed to use Rooney as a bargaining chip as well.

Now he gets an extra war chest of between £50-£100mio of transfer fees to strengthen the current squad. Plus whatever money he makes of selling any existing players.

Simply fantastic.

Sure, alot of people are going to drag in their grouses about the Glazers weeding money off the club, but at some point I guess we all have to admit that the club isn't in as dire a situation Liverpool was in a month ago, and even though the debt is a monster sum, it is adequately financed.

Just take it as akin to Singaporeans buying a second piece of property and using rental from that exact property to supplement the instalment payments. As much as I hate to say it, it is a prudent piece of wealth enhancement technique. As long as the piece of property doesn't skydive in value and is suitably maintained, there will be no problems maintaining healthy rental and financing it in the future. The fans just happen to be the ones renting the property and are complaining that the prices are soaring. But then when a piece of property's value goes up, isn't rental expected to go up as well? Hmm.

Ok I can't believe I'm justifying the Glazers' actions here.

Anyway.

And Manchester United is a good piece of property with very very steady revenue streams. So those debt issues really aren't as bad as the tabloids make it out to be. What's more, being one of the most popular clubs in the world, there seems to be no shortage of interested buyers in the club. Demand can only continue to grow with it's popularity and stature. Even if the Red Knights previously could amass £1.5b to buy over the club, they'd still be taking a large portion of that on loan. Which will mean the same debt issues wouldn't it?

Hmm.

Back to Ferguson. This guy is sheer genius in a red tie. I wonder how we'll cope when he retires one day. Hopefully by then we will have won another 2 more Champions League trophies and many more league crowns.

No comments:

Post a Comment