Ferguson denies he will profit from share issue and ‘doesn’t want a rift with fans’…
Most of what J Stand said in his article about Ferguson yesterday still stands http://www.afinelung.com/?p=4594, but the knighted so-called socialist (Fergie, not J Stand) claims in today’s Evening News that he is not to benefit from the Glazers’ share issue.
He says he doesn’t want to ‘create a rift’ between himself or ‘any United fan’. He maybe should have thought about that before he supported the Glazer takeover and then took every opportunity to praise the very people that put MUFC in the worst financial state in its history, at the expense of those supporters paying off their debts for them.
For what it is worth:
Sir Alex Ferguson has spoken out to say there is ‘not a grain of truth’ in suggestions he could benefit financially from the Glazer family’s New York flotation of Manchester United.
The Reds boss has broken his silence in spectacular fashion via a strongly-worded statement revealed first by the M.E.N. website this afternoon.
On Monday further details of the flotation, which will see the owners sell 10 per cent of the club and raise an estimated $300m, were released.
After initially stating that all of the funds raised would be spent on clearing a chunk of the club’s debt the latest proposal revealed just £73m will go towards this purpose.
It also disclosed that under a ’2012 Equity Incentive Award Plan’ senior Old Trafford employees stood to benefit to the tune of £204m.
That prompted some fans to question whether Sir Alex and chief executive David Gill would personally cash in on the move.
But Fergie, who recently went on record to praise the club’s owners, has now denied that he will benefit financially from the proposed IPO.
His statement reads: “Being aware of the media coverage that is currently ongoing I felt, on this occasion, that I should make my position clear to the Manchester United fans.
“In regards to suggestions that I have praised the Glazer Family because I stand to financially benefit from the proposed IPO, there is not a single grain of truth in this allegation. I do not receive any payments, directly or indirectly, from the IPO.
“Ultimately, I run the football side of this club and in order to do this, you need backing from above.
“The Glazer family have let me get on with my job, there is no interference or obstruction, only support.
“My decisions and beliefs are not based around what is best for my personal financial gain. That is an accusation that insults me. If that was the case, I would have left Old Trafford a long time ago.
“I am speaking out because I do not want a situation to develop whereby the media and other parties create a rift, however small, between myself and any Manchester United fan.
“I’ve spent 25 years of my life pushing this club forward and not only could I not have done it without those fans, I do it for them.”