Manchester United<\/a> fans have said they would “cautiously welcome” a move by club owners the Glazer family to float the club on the stock exchange.<\/p>\nBut fans are simultaneously worried the American family will walk away with a large profit while their club struggles financially, but are pleased fans will get the chance to share ownership of the Premier League champions.<\/p>\n
A statement from the Manchester United Supporters Trust MUST said: “If this report proves to be well founded the prospect of a flotation of Manchester United is one that many supporters would cautiously welcome because it could be an opportunity for supporters to once again share in ownership of their club.<\/p>\n
“However three immediate concerns spring to mind. Firstly that this would have to be a full IPO signalling a clean exit for the Glazers. Secondly the valuation would have to be realistic – something closer to \u00a31 billion rather than the \u00a31.5bn+ that the Glazers seem to feel is possible.<\/p>\n
“Thirdly shares should be freely available to all MUFC supporters and certainly floated on the UK market to maximise accessibility.”<\/p>\n
And the group went on to suggest that the best case scenario would be for the club to be totally fan run, much like the break-away team FC United of Manchester, which was set up in protest at the Glazers’ reign.<\/p>\n
<\/span><\/p>\n
“Of course many supporters would hate to see the Glazers walk away with a huge profit but in the end it isn’t about them,” the statement continued.<\/span><\/p>\n“It is about what is best for Manchester United – the Football Club and its supporters. Until their drain on our finances is removed we will never be able to compete on a level playing field with the best in the world.”<\/span><\/p>\n“MUST’s avowed aim – our inspirational dream – is Manchester United FC owned by the fans and run for the fans.”<\/span><\/p>\n<\/div>\nVisit link:
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<\/p>\n<\/div>\n