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Forget van Persie, the economics of Manchester United don't work

Written by Ashwin Rattan Thursday, 16 August 2012 11:58
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Forget the recent signing of Robin van Persie, as Jim White points out in a scathing article on yahoo, the financial/ownership problems at the club run deep.

 

To read the full article, click here.

 

The Glazer's can point out that the last 5 years have been some of the most successful in United's history (in terms of league titles and European finals) but the biggest winners appear to be the companies that lent them the money to acquire United in the first place. 

 

Mutual ownership models are significantly less than perfect, and there are a number of financial mutuals that along with mainstream finance, have not had a good crisis (think Cajas and Spain). But if Jim White's article is correct it's hard to see how a mutual model could be worse at meeting the needs of all significant stakeholders in a club like MUFC.

 

The sermon ends here.

Last modified on Thursday, 16 August 2012 12:13

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