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club turned out to be a stalemate. And that's | :00:00. | :00:15. | |
Good evening. Exactly a year ago, Manchester | :00:16. | :00:20. | |
United had won the Premier League. Tonight, they are without a | :00:21. | :00:25. | |
permanent manager after the sacking of David Moyes. Failure to laintain | :00:26. | :00:32. | |
the standards set by his prddecessor forced Hill his employers to act. | :00:33. | :00:36. | |
Richard Askam is live for us at Old Trafford tonight. | :00:37. | :00:44. | |
Aattention turns to who might be the next man to turn up at the door The | :00:45. | :00:51. | |
former Ajax boss, currently in charge of the Dutch national team is | :00:52. | :01:00. | |
favourite, Louis de`Gaal. The 2`0 defeat to Everton at the wedkend was | :01:01. | :01:06. | |
the turning point, we understand. The performance particularlx became | :01:07. | :01:10. | |
an issue, I understand, for the owners, the Glazer family. Tnited | :01:11. | :01:14. | |
certain to end with their worst points tally in the Premier League | :01:15. | :01:18. | |
ever. So what's gone wrong for David Moyes, the manager with undoubted | :01:19. | :01:21. | |
qualities? Manchester United were lookhng for | :01:22. | :01:25. | |
the nearest thing to Sir Aldx Ferguson they could find. D`vid | :01:26. | :01:29. | |
Moyes was the chosen one. Btt not everybody was convinced. | :01:30. | :01:34. | |
Was he really the badly chosen one? They should have been able to get | :01:35. | :01:38. | |
anybody they wanted from thd world of football. Not someone who's kind | :01:39. | :01:45. | |
of a straightforward, Fergid clone`type person. They need someone | :01:46. | :01:49. | |
to come and have a complete clearout in terms of style, different | :01:50. | :01:53. | |
coaches, somebody looking at transfer strategy, kind of ` bit | :01:54. | :01:56. | |
like they do at City franklx. Manchester United have been here | :01:57. | :02:02. | |
before. When great Matt buzz by retired in 1969, he was replaced by | :02:03. | :02:08. | |
Wilf McGinness who lasted 18 months in the job. Wilf said whatever | :02:09. | :02:12. | |
financial compensation they offer you in a situation like that, it's | :02:13. | :02:19. | |
no real consolation. . `` M`tt Busby. This is no longer just a | :02:20. | :02:25. | |
talking point in Manchester, it matters in Kenya. I'm happy because | :02:26. | :02:29. | |
we need results at the end of the day. And in Singapore. Most of my | :02:30. | :02:34. | |
friends have been happy he's been sacked. That's why United's failure | :02:35. | :02:37. | |
to qualify for the Champions League is so important to the owners. | :02:38. | :02:41. | |
It's the revenue you generate from being in the competition, about ?50 | :02:42. | :02:46. | |
million a year. Also it enh`nces the brand, allowing Manchester Tnited to | :02:47. | :02:49. | |
sell themselves as one of the top teams in Europe and that me`ns | :02:50. | :02:54. | |
commercial revenues are flowing not only from Europe, but from `round | :02:55. | :03:02. | |
the globe. I'm joined by the Chief Executive of | :03:03. | :03:06. | |
the Manchester United Supporters Trust. Do you think that David Moyes | :03:07. | :03:10. | |
did fail here or was he madd a scapegoat for certain things that | :03:11. | :03:13. | |
were beyond his control? Well, I think it's a cliche that football's | :03:14. | :03:19. | |
a results`based business, btt certainly the results weren't good | :03:20. | :03:23. | |
and in the end, the person who payings the price is the manager, so | :03:24. | :03:27. | |
whether or not it was his f`ult that's the way it works in football. | :03:28. | :03:31. | |
In the transfer windows, yot could say for example that that w`sn't | :03:32. | :03:34. | |
David Moyes fault. Do you think Manchester United have reached a | :03:35. | :03:37. | |
point where a more fundamental structural change is needed? Very | :03:38. | :03:40. | |
much so. I think we have got a real concern for the future that we get | :03:41. | :03:44. | |
the right financial structure in place because all of our major | :03:45. | :03:48. | |
rivals are able to reinvest all the profits into the clubs and that s | :03:49. | :03:51. | |
why they are able to do that. Manchester United is the only club | :03:52. | :03:55. | |
that's been taking huge amotnts of money out through the Glazers' | :03:56. | :03:59. | |
ownership structure. Making a lot of money as well? Yes, but that money | :04:00. | :04:04. | |
actually, not realising at this stage, but our concern is that that | :04:05. | :04:07. | |
money has to come back into the club because we can't afford to compete | :04:08. | :04:11. | |
with the other clubs and have them draining huge amounts of money out. | :04:12. | :04:14. | |
We need that as a long`term commitment, not just one tr`nsfer | :04:15. | :04:17. | |
window, this needs to be a consistent, sustainable | :04:18. | :04:20. | |
re`investment of profits. Briefly then, is it a steady experidnce hand | :04:21. | :04:25. | |
like Louis van Gaal required at this stage? I would guess so. Certainly | :04:26. | :04:30. | |
you would want somebody who has the ego, track record, that is going to | :04:31. | :04:33. | |
be able to gain the confidence of the players as soon as he w`lks into | :04:34. | :04:36. | |
the dressing room. Those ard the names that have been banded around. | :04:37. | :04:40. | |
Thank you very much indeed. Louis van Gaal as I mentioned, thd clear | :04:41. | :04:44. | |
favourite. Rough no no rush, they say, to make an appointment. Back to | :04:45. | :04:54. | |
you. Jo joining me now is J`ne McCubbin. Looking at the finances, | :04:55. | :04:59. | |
it's a resulted`based busindss and failing to deliver sports rdsults | :05:00. | :05:03. | |
means failing to deliver financial results? This is a big business | :05:04. | :05:07. | |
floated on the Stock Exchange two years ago, today worth over $3 | :05:08. | :05:10. | |
billion. As you heard Duncan say, it's got a huge debt to service The | :05:11. | :05:15. | |
cost of that last year was ?70 million. It can really ill``fford | :05:16. | :05:20. | |
that ?50 million potential cost of not being in the Champions League | :05:21. | :05:23. | |
and, as Duncan said, they h`ve got to invest in that in ageing squad. | :05:24. | :05:28. | |
That can top ?200 million. Ht will cost even more to tempt over play | :05:29. | :05:33. | |
players into a club that isn't seen to be top flight. The response from | :05:34. | :05:38. | |
Wall Street today though, share price up 6% to its highest level | :05:39. | :05:43. | |
since Ferguson's retirement last May. | :05:44. | :05:45. | |
Interesting stats. Thank yot very much. | :05:46. | :05:48. | |
Other news now, and the BBC's learned that a major report into the | :05:49. | :05:52. | |
near collapse of the cooper`tive Bank will blame poor Governor Nans | :05:53. | :05:57. | |
at the organisation. Sir Christopher Kelly's report is the most | :05:58. | :06:01. | |
comprehensive attempt so far to attempt to find out what went wrong. | :06:02. | :06:15. | |
`` governance at the organisation. The AGM on May 17th, there hs the | :06:16. | :06:19. | |
big vote on governance on changing the Co`op Group's management or the | :06:20. | :06:23. | |
way it's managed and making this business fit for the 21st cdntury. | :06:24. | :06:25. | |
One football result for you tonight: That is it from me. Now let us get a | :06:26. | :06:40. | |
weather update with Dianne. Good evening. We had drizzlx showers | :06:41. | :06:47. | |
at times throughout the day. They have faded away in the last few | :06:48. | :06:50. | |
hours. That continues to be the story through the night. Yot could | :06:51. | :06:54. | |
catch a break in the cloud cover. You could continue the catch a | :06:55. | :06:58. | |
shower but you would be unltcky if you did catch either of those | :06:59. | :07:01. | |
really. It's a quiet night with a lot of cloud cover and the | :07:02. | :07:05. | |
temperatures are really good. Tomorrow, the sun is up before | :07:06. | :07:09. | |
o'clock. You will be lucky do see much of it. | :07:10. | :07:13. | |
For most, it's a cloudy start and the cloud cover things and breaks, | :07:14. | :07:18. | |
then brighter skies come through. A line of rain comes through later in | :07:19. | :07:23. | |
the day and clips the coast. Temperatures are good when the sun | :07:24. | :07:27. | |
comes out. I'll leave you whth the outlook, indicating April showers. | :07:28. | :07:30. | |
Nick Miller will confirm is not looking too bad. That's | :07:31. | :07:39. | |
weather front. It is never too early to think about | :07:40. | :07:43. | |
next weekend and I will be doing that in a couple of minutes. But we | :07:44. | :07:49. | |
have a sizeable chunk of this week's whether to go first. There | :07:50. | :07:54. | |
are more showers, but there will be spells of warm sunshine around as | :07:55. | :07:57. | |
well, | :07:58. | :07:58. |