The Facts

Want to judge for yourself whether the Glazers' business plan can work? Want the full details behind the complex web of borrowings they undertook to buy Manchester United? Trying to figure out how the Phoenix Fund can work now that the Glazers are in charge?

We've assembled all the information in one place so you can read through it and make up your own mind.

Behind the Glazers' takeover

With the Glazers now firmly in control of Manchester United, and with privatisation resulting in a complete loss of accountability, you can be certain that they're not going to want anyone looking too closely at their plans for United.

During the Offer Period, our Professional Advisors reviewed the official Offer Documents their bankers had filed at the offices of Allen & Overy. We invite you to read their detailed financial analysis of the Glazer borrowings and business plan. But for your convenience, we've summarised it below.

Their Debt: £600+ million and rising
How the Glazers' debt threatens our club.

Their Plan: Devilishly clever or just diabolical?
The reality of the Glazers' high-risk 'plan', and why they want you to believe they can more than double United's profits out of thin air.

Their Gamble: Why they went forward
Why the Glazers continued borrowing and went through with the takeover even though they couldn't afford it.

Their Fault: Blame them for this mess
How supporters can still love United but hate the debt.

The Phoenix Fund

We MUST be ready
The vultures are already circling, and we cannot let United fall.

Why it WILL work
How an overvalued United, motivated supporters, a complete range of products and services raising funds, Red Knights, and investment bankers combine to make the Phoenix Fund a reality.

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