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Gill: Glazers have been vindicated

Manchester United chief executive David Gill has admitted it would have been
unimaginable for the Old Trafford club to sign four major stars last summer if they
had remained a PLC.

Although Malcolm Glazer's controversial £790million takeover in 2005 was
accompanied by protests from long-standing United supporters groups and the
formation of rebel outfit FC United, the club have provided the perfect answer to
their critics by posting stunning profits of £59.6million for the 12 months to June
2007 - a massive 93% rise on the previous year.

The figures form part of an impressive set of results which have seen turnover
rise to £245million, once sales from Nike merchandise and MUTV are added to a
group turnover of £210million - a sum which United officials feel entitles them to
claim they are once again the richest club in the world.

With revenue streams increasing in every area and more to come this year once
the new, vastly-improved Premier League TV deal starts to take effect, United
are in far healthier shape than anyone could have predicted prior to the Glazer
family's involvement.

And Gill is convinced if the takeover had never happened, Sir Alex Ferguson would
not have had the funds for his summer blitz, which saw the arrivals of Nani,
Anderson, Owen Hargreaves and Carlos Tevez.

"I wouldn't disagree with the view that it would have been unimaginable to sign
those four players if we had still been a PLC," said Gill.

"There is a new structure in place now and decisions can be made pretty quickly. I
was on the telephone in Portugal to Joel Glazer over Nani and Anderson. He said
just do it.

"It wasn't a long, drawn-out affair. Tevez and Hargreaves were, but for different
reasons.

"The family understand the requirement to have a successful team, playing in the
Manchester United way, and they have backed the manager with funds."
www.timesonline.co.uk
 
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