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The Sweeper: David Gill Says Debt is the Road to Ruin

Posted by Tom Dunmore on Friday, February 12th, 2010 at 10:02 am in Diary | 0

debt-gill

Big Story
We all say things we don’t mean on occasion. But sometimes we say the right thing, and then get ourselves into a spot of bother when political necessities force us to make something of a u-turn. Joseph Stalin in 1939, for example.

Or David Gill today. Manchester United’s chief executive faces some embarrassment as comments he made about the present owners of the club, the Glazers, were dug up from 2004, when the Americans were still in the early stages of their controversial takeover. At the time, Gill said that “debt is the road to ruin”, with the green & gold protesters putting it on a poster displayed at Man Utd’s game against Aston Villa this week.

The Guardian’s digger has the comments:

Digger was surprised to find a revealing question-and-answer session from 2004 still on the club’s website. The interviewee was David Gill, then as now United’s chief executive.

He was being asked why the club had broken off negotiations with the Glazer family, who at the time were mounting a hostile takeover of the club. Reading Gill’s comments, you could almost imagine him having scrawled the protest slogans himself.

For instance, how about: “We’ve seen many examples of debt in football over the years and the difficulties it causes; we know what that means and we think that is inappropriate for this business”?

Or: “We have very vocal fans and one of the key strengths of Manchester United are those fan groups”? (A view that seems to have changed rather over the past four years.)

Or even: “It’s important to note that we don’t have an issue with the Glazer family: it is about leverage”? (The club website helpfully explained that leverage means using debt to finance a takeover offer but United fans need no such clarification today.)

I wonder how long those comments will remain on the United website, as the club have even reportedly fired their own workers for wearing green and gold at Old Trafford.

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The Sweeper appears every weekday, and once at the weekend. For more rambling and links throughout the day every day, follow your editor Tom Dunmore @pitchinvasion on Twitter.


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By Tom Dunmore

Tom Dunmore is the founder and editor of Pitch Invasion. Originally from Brighton, England, he's now resident in Chicago and an avid Chicago Fire supporter. Follow Tom @pitchinvasion on Twitter.
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