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Barcelona show the Reds how fan power can reap benefits
by
Hamil, Sean
in
Glazer, Malcolm I
/ Laporta, Joan
2010
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Barcelona show the Reds how fan power can reap benefits
by
Hamil, Sean
in
Glazer, Malcolm I
/ Laporta, Joan
2010
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Newspaper Article
Barcelona show the Reds how fan power can reap benefits
2010
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Overview
WHO can blame Manchester United fans for being frustrated that their club's owners, the [Malcolm Glazer] family, had to sell Ronaldo to Real Madrid last summer to cover interest payments on the debt they incurred buying the club in the first place? Particularly after they were knocked out of the Champions League last night by Bayern Munich and their chances of winning the Premier League are seemingly dependent on one player's powers of physical recovery -- Wayne Rooney. Barcelona doesn't have a \"sugar daddy\"; its ownership structure prevents it. And yet it has been the most successful team in Europe over recent years, dominating the Champions League and winning it in 2006 and 2009. So, should its mutual ownership model be imported here as Manchester United's Red Knights claim? There are certainly similarities between [Barca] and the Reds. [Joan Laporta] was elected on a reform agenda on the back of the Blue Elephant fans' protest movement, similar to the current Green & Yellow protest led by the Manchester United Supporters Trust (itself a fans co-op). Barcelona has been profitable since 2003/2004, and has repaid virtually all its historically-incurred debt. Perhaps Laporta's genius was the way in which he worked with the mutual structure's potential weaknesses in traditional business terms, and turned them to the club's advantage.
Publisher
Evening Standard Limited
Subject
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