At the age of 86, the much vilified United owner Malcolm Glazer has passed away.
The reaction from Manchester United supporters has been considerably unsavoury to say the least. Since the takeover in May 2005, reds everywhere have resented the club being owned by 3 American businessmen who were evidently more absorbed by the share prices and business side of the club as opposed to what the fans wanted. The hate towards the Glazers intensified when it was revealed that most of the capital that was used by the Glazers came in the form of loans which were generally attached to the clubs assets. These were later sold to hedge funds which ultimately put Manchester United in a vast amount of debt.
Here is a summary of how the glazers used their money from May 2005 to May 2014:
– £680m towards interest fees, bank charges and debt. Thats an average of £75.5m every year going towards stuff that doesn’t affect what happens on the pitch at all.
– £382.9m towards players, which is an average of £42.5m every calendar year. This includes two transfer windows.
– 56.31% of the money spent by the Glazer family has gone towards what happens on the pitch.
– Since 2005, only Arsenal have spent less money than Manchester United out of all the teams that competed in the champions league.
In short, the Glazers haven’t been everyones cup of tea and those figures show why. In spite of this, Manchester United’s value and popularity has risen and success on the pitch has certainly been present in the form of 5 Premier league titles and 1 Champions league during the Glazers ownership. So the vengeful and petty reception that the death of Malcolm Glazer has merited seems, to me anyway, as quite upsetting really.