Dear Sir Alex,
In the long and great history of Manchester United you stand peerless as the man who transformed a club into a globally recognised institution. In November 1986 Manchester United was a club on its knees; a once great organisation, buried deep in mediocrity.
Plucked from the relative obscurity of Aberdeen, many doubted your capacity to bring success to a club that had not topped English football in a generation. You turned around not only the team but the whole ethos of the club and in the process brought joy to millions of supporters worldwide.
The by-product of your success on the pitch was a financial boom beyond compare. Your efforts, Sir Alex, brought untold wealth first to private owners and then to the city institutions and investors that bought shares in our club.
Today the club needs you more than ever. Once again Manchester United is an institution on its knees, with ownership by the Glazer family having piled so much debt on the books that the very future is in doubt.
As the owners and senior management travel the globe, stoking up interest in a £500 million bond issue, the books now show the club more than £716 million in the red. Credible analysis demonstrates that Manchester United will heamorrhage more than £560 million in interest, dividends and payments as a direct result of the Glazer family’s ownership before 2017. Even then the club will still be at least £500 million in debt – a legacy that will outlive your time at the club. Perhaps even tarnish your final years in charge.
There is nobody better at building teams than you but this debt truth means that the likelihood of another great Manchester United team emerging under your stewardship is hugely diminished. With your best player sold, funds not released for replacements and wealthy investors fueling transfer market inflation, the future on the pitch looks far less rosy than in the past.
Moreover, the fans are suffering at a time of global economic turmoil. Aggregate ticket prices have almost doubled in the past four and a half years. We now know that prices will continue to rise as the Glazer family sucks at least 79% of all future revenues out of the club.
For the first time in a generation tickets are readily available for matches at Old Trafford. As I write, even the Carling Cup semi-final fixture against Manchester City is not sold out.
Manchester United supporters, for whom the owners are only really stewards, cannot as you once so mistaken said ‘go and support Chelsea’. We love this club and believe that you do too. This is why it is now imperative that, as the club’s figurehead, you act:
- Speak out as you cannot be dismissed with any credibility
- Wear Green & Gold to demonstrate your affinity with the fans who have shown you so much support over the years
- Stand with supporters groups such as MUST and IMUSA in the campaign to rid this club of the Glazer scourge