Dangerous Play for Man U.

I have a feeling that many of the readers of Mod-Blog don't care much about the happenings of the British Premier League (that's soccer - or football - for those wondering), but there's a nasty play afoot. Malcolm Glazer is about to gain full control of Manchester United (Man U. to their fans), because he has managed to buy up 75% of the team's stock, in large part by incurring large sums of debt. Normally I would have no issue with someone buying up a team, that's the way things work. The issue comes in that Man U. has been for many years now a publicly traded company on the stock exchange. It appears that Glazer is going to take the team off of the stock market and make it a completely private company and place the debt he's incurred on the Man U. books, which up until this point have been debtless. Glazer has never, to anyone's knowledge, seen a Man U. game live and from the sound of things doesn't know who any of the primary figures on Man U. are. Why then is Glazer trying to buy Man U.? The reason is that Man U. is the most popular club in the world. This whole thing stinks as a rich guy trying to get richer by buying out a market that he has no clue about other than it could make him richer. The NY Times has a good editorial on the whole situation. I just thought that Mod-Bloggers should be aware of this situation.