Glazer family are ‘running Man Utd quite well as a business’ but model is flawed

The Glazer family have been told that they are "running Manchester United quite well" as a business but that their model is flawed.

Since taking full ownership of the club back in 2005, the Glazers have faced strong opposition from the Red Devils' passionate fan base, who have held numerous protests against them in the 17 years since. Much of their anger derives from the process by which the Glazers took ownership, with hundreds of millions in debt being added to the club.

However, Invezz's finance expert Dan Ashmore believes that how the club is run is not the issue and it is instead the model being used.

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After analysing the Glazer family's ownership model, he admitted: "The sad reality is that, as a business, the Glazers are running Manchester United quite well.

"The dividends are flowing, the share price is ticking along and their pockets remain lined. The issue is that the club should not be run as a football club in the first place, it is too important to its fans.”

On their particular model he adds: "The Glazers owning this football club is wrong. The model is flawed. The club is too important to its fans, the public and the country at large.

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"While certain ownership situations have undoubtedly been worse – ask any fans of Bury, Derby, Leeds, and many other clubs – the way the Glazers are squeezing this club for money is grating to see."

United were one of six English clubs to announce their involvement in the failed European Super League project last year, something which Ashmore believes stems from the Glazers' experience of working in American sports.

"This was the driving force behind the European Super League; an initiative which sought to bring the European football model more in line with the American franchise model – which the Glazers wanted Manchester United to be a part of.

"But there are cultural and historical differences across the Atlantic. European football – I’m talking soccer here, just for clarity – has no place for a franchise-led model."

As well as United, the Glazers have also owned the Tampa Bay Buccaneers NFL franchise since 1995. However, they have hinted at selling a small share of United in the near future.

Britain's richest man Sir Jim Ratcliffe is amongst the interested parties having previously failed in his attempts to buy the club in the past.


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