Live broadcast on October 16 according to the Daily Mail, Gary Neville talked about Ratcliffe’s acquisition of Manchester United shares in an interview.
Neville said that Ratcliffe’s acquisition of 25% of Manchester United’s shares would cause more problems. If Ratcliffe’s plan is approved by Manchester United’s board of directors, his team will control Manchester United’s operations. Neville published his suggestions for Manchester United’s future on his Twitter, which included issues and requirements for the acquisition process, his position and other topics.
Neville’s requirements:
1. A new sport
2. Rebuild or renovate Old Trafford stadium
3. A new training base
4. Comprehensively develop the stadium surrounding ground to create a world-class fan experience
5. Pay off debts and stop taking dividends until the above things are completed
6. The club should have the style and leadership of politicians in dealing with major issues, and establish a more positive environment and culture to prevent the club’s image from being damaged in front of the public.
After Ratcliffe completed the acquisition of 25% of Manchester United’s shares, the Glazer family would still participate in Manchester United’s affairs, which made Neville and many Manchester United fans feel dissatisfied and annoyed. In this regard, Neville said: “How can a shareholder with only a few shares have a positive impact on the above goals? In the future, there may be more questions than answers. I am inclined to the Glazer family to withdraw from Manchester United for a long time now and in the future, but they have not noticed this fact.”
Finally, Neville also raised 16 questions about Ratcliffe’s acquisition of Manchester United.
The problem is as follows:
1. What is the current capital allocation situation of the club? Have all the cash been taken away from the club?
2. What is the future of the Glazer family? Will their shares be diluted?
3. What is the impact of this move on Manchester United’s New York Stock Exchange?
4. Will the senior management team of Manchester United change?
5. Will Manchester United’s management style above the head coach change?
6. Who will control the competition in Manchester United’s board of directors?
7. Is there any dilution clause for the shares of the Glazer family in any transaction made as a minority shareholder in the future? When will it be implemented?
8. The credit and debt of the club have been overdrawn. How does this trade fair change the financial situation and capital structure of the club?
9. Does the club still have debts in the future?
10. Have all the debts of the club been paid off?
11. Will this transaction affect the structure of the board of directors?
12. How can small shareholders influence the negative culture within the whole organization?
13. Old Trafford has been unable to follow the times and needs major reconstruction. How will this problem be implemented?
14. Can this deal improve the situation of Manchester United training base?
15. The land around Old Trafford also needs a lot of investment to develop. What is the plan in this aspect in the future?
16. If the people who supervise Manchester United culture still have a majority stake, how will small shareholders organize the spread of this wrong culture?
(Ralph)