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[29] Letter to Red News
Thursday, June 9, 2005
The situation is this:
Glazer IS going to get all the shares - I don't think I doubt that. I DO believe he will surpass the number he needs to force us to sell. BUT if he doesn't the value of our shares will be ZERO and a lot of people (and I am included in that) just CANNOT afford to lose their money.
I've had my shares since 1979. I've given many, many years of my life to keeping a hold of them. Like others I've failed.
Now is the time to take the action Shareholders United suggest.
We sell to him (bar a few shares - say 10/20 which we keep just in case he doesn't make the compulsory purchase limit) and put the money in the Phoenix Fund and we wait until that fund can buy back a controlling interest in the Club.
It will take a few years. It may take longer than I have on this earth. BUT we must try.
In the meantime we must boycott the Club in the way that we see fit.
For my part I just can't give up my season ticket. There are two reasons for this. One is honourable and one is plain weakness.
I am a drug addict. My drug is Manchester United. I was born with the addiction already in my system. I am weak. I cannot give it up.
My dad could NOT get to Old Trafford without me. Fact. He is an old chap now and he needs me. He wants to go. He has been going for SEVENTY years and I can't deny him his wish for the very few years he has left.
The above said, Glazer will almost certainly price us out of it in the VERY near future.
HOWEVER I will NEVER buy another piece of merchandise until Glazer is gone. Whilst I am not the day-tripping-spend-loads-in-the-megastore person that many are, I do spend a fair bit over each year.
Every Christmas for as long as I can remember my present from my mam and dad was a selection box and a Roy of the Rovers annual. When Roy finished my mam was in a fit as to what she should buy me. "A pair of United slippers" I told her. And thus it has been these last few years. NO MORE. I'll just have a selection box.
If everybody on this (and other) List (and ALL their friends) did likewise his profit WOULD drop - of that there can be NO doubt. If we ALL refused to buy ANYTHING from the Club then he WOULD be defeated.
He can only take ticket prices so far before ALL match-going regulars (poor people like me in the main) will NOT be able to afford to go - no matter HOW MUCH they still want to.
He is NEVER going to get the television deal he needs as there is far too much vested (financial) interest in that money by the FA and EUFA. They could not operate if he took such a large slice of THEIR cake. As soon as he really threatens that the Government will step in and see him off.
So if he has NO (additional) television monies and WE stop his merchandise revenue he MUST lose. It IS that simple.
The Phoenix Fund IS a GOOD idea. We can all deposit our monies (however great or small the sum - and THAT is a relative term of course) in the Fund and watch our money grow.
If we ALL do it then the amount that the Fund will have on deposit will make that Fund a VERY, VERY big depositor and thus it (the Fund) will have a great deal of (financial) clout.
I am pretty dim and I can see that that is a reality.
So that is what I will do. I will admit my failure in not being able to 'kick my habit'. I will continue to buy my season ticket for as long as I can afford to (not long I don't think). I WILL NOT spend ONE PENNY on Manchester United merchandise until he is gone. I WILL deposit the money I get for my shares in the Phoenix Fund.
I will pray to my God that I live long enough to see the end of this terrible man and a return to the day when ALL Manchester United supporters can retake what was theirs in the first place.
I pray to live long enough to see the day when Manchester United returns to US. We ARE the people - WE ARE MANCHESTER UNITED.
Let NO person EVER doubt that.
Keep the faith, Pete
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