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Posted by Dale Johnson on 01/12/2010

We'v picked out a couple of treats today. We start in the Guardian where David Conn has had plenty to say about the Glazers and the current financial situation at Manchester United.

Lurking in the full, heart-sinking detail of the Glazer family's proposal to borrow £500m, a partial replacement for the £700m debts their takeover has loaded on to Manchester United, is a page documenting the millions United have paid out to the family members themselves. None of the Glazers appear to have taken a salary out of the club since that May 2005 takeover, which United fans bitterly opposed and which has since cost the club more than £325m in interest.

In those three and half years, ticket prices have almost doubled at Old Trafford, where previously they were restrained to cater for the regulars at the Lou Macari Fish Bar, as well as the prawn sandwich consumers.

The MU Finance plc prospectus, launched in the City yesterday, sets out the fortune the Glazer family have reaped from the club they borrowed £540m to buy. From 1 July 2006, in five separate payments, a round total of £10m was paid in "management and administration fees" to companies affiliated to the Glazers. Under the new bond issue, the family is entitled to be paid up to £6m by United in management and administration fees.

On 30 June last year, United entered into a consultancy agreement with SLP Partners, "a company related to certain of our ultimate shareholders", to pay up to £2.9m. On top of that, on 19 December 2008, each of Malcolm Glazer's five sons and one daughter, all of whom are directors of Red Football Limited, each personally borrowed about £1.66m from the club, a total of £10m.

Added together, the management fees, consultancy agreement maximum and the £10m the six family members actually borrowed from United make a total of £22.9m paid to the family and their affiliated companies in three and a half years.

And it seems only right we hear from James Lawton over at the Indepedent about the problems down the road at arch-rivals Liverpool. We are talking, of course, about the foul-mouthed tirade from Tom Hicks Jnr which was aimed at a fan.

Young Hicks, sharp as a whip in his Brooks Brothers gear, went right to the core of the issue, which is, of course, the regard with which most of the football entrepreneurial class hold all those people at the bottom of the food chain who like to think they are still quite an important element in the national game.

He emailed a complaining fan, Stephen Horner, with all the derision and contempt a certain type of well-heeled person reserves for the bothersome attention of a street person.

Hicks, whatever you think of his choice of language – lewd and crude and worthy of the rougher kind of drug dealer – really said it how it is.

It is that the average football fan is utterly deluded if he thinks he is worth anything more than the price of a ticket or a TV subscription. He can join as many pressure groups as he likes. He can create passionate banners. But his proper function is to create profit or, in an increasing number of cases, the means by which large bank loans are serviced.

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