GLAZER-SPEAK FROM PLC BOARD

Last updated : 31 March 2005 By editor

"We believe there is a good opportunity to increase the yield from the stadium while still maintaining very competitive prices," said our(?) finance director Nick Humby. "We can improve the stretch of those prices and look at various areas of the ground where we can increase prices appropriately."

IMUSA’s proposals were simply ignored, a source for the organisation told the PA, "We spent a lot of time on these proposals and did a lot of research before drafting them. We truly felt we had addressed all the needs of the club and the bottom line is revenue would have increased by over £1million a year.


"For the club to dismiss them out of hand was extremely disappointing when you consider they had asked us to put our suggestions forward and it makes you wonder what they have decided to do."


The broadsheets report the price increase as an anti-Glazer move. What splendid thinking from the Plc, alienate your greatest weapon as the end-game approaches.


The Guardian report:


‘Manchester United's beleaguered board will take another step towards staving off the threat of a Malcolm Glazer takeover on Friday - and upset their supporters at the same time.


‘Next season's ticket prices are due be confirmed to a scheduled meeting of the fans' forum with chief executive David Gill under pressure to raise revenue. Aside from trying to
minimise the impact of a 50% loss in half-year profits, Gill must also show shareholders, in particular Cubic Expression partners John Magnier and JP McManus, the club is being run to its maximum financial potential.


‘United's plans should help find favour with City money men and also reinforce the board's position against Glazer, who is adamant even greater profits can be generated by the world's richest club.

‘However, they are less likely to appease key supporters' groups, whose relations with United have fallen to an 'all-time low' following the club's refusal last month to investigate an extensive list of proposals which were drafted in an effort to reconfigure the stadium once the expansion project is completed.


‘Despite being asked for their observations by senior club officials, the Independent Manchester United Supporters' Association plans were "dismissed out of hand" a source revealed, even though they would increase revenue.’