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