The MUST campaign was launched recently to counter United's reported move to list on The Singapore Stock Market
"While on the surface, fans should welcome any reduction in the unsustainable debt burden on the club, if this Eastern promise from the Glazers seems too good to be true, it's because it probably is. The share sale will be in the Glazers' interests - to pay down their debt - not the club's. What we wish to see is a full sale to progressive owners who are interested in investing in the club's future so we can compete with Europe's finest, currently Barcelona. Ultimately, our ambition is for shared fan ownership of a better United,” explained Duncan Drasdo, CEO of MUST.
The United supporters who are against all things Glazer may take heart from the reception the idea recived in Singapore itself. Despite the buzz surrounding United's reported application to list on the Singapore Exchange (SGX), analysts said that the prospect of an IPO does not look "all that attractive".
Investors might be enticed by the 'wow' factor of the world's probably best known football club listing in Singapore, but analysts
question whether investing in the club will bring good returns. Vice President and Head of Research at SIAS Research, Roger Tan, said: "Supporting a football club is different from investing in one. At the end of the day, investors buy Manchester United listings or invest in the club itself for some financial returns.
"They will have to look into the objective of United's listing - their financial statements, balance sheets and profit and loss
statements, and we're not going to see a very good number."
MUST currently has over 173,000 members - for more information visit http://action.joinmust.org