Man Utd icon Ferguson told mystery businessman to drop Birmingham takeover plans

Manchester United icon Sir Alex Ferguson revealed how he convinced one mystery businessman to end his interest in buying Birmingham City.

Ferguson makes the revelation in his autobiography.

Sir Alex said: ‘‘I remember a local Manchester businessman coming to me and saying ‘I’m thinking of buying Birmingham City, what do you think?’

‘‘I said, ‘If you’ve got a hundred million pounds to risk, go ahead.’ ‘No, no’, he said, ‘they’re only eleven million in debt.’

‘‘‘But have you seen the stadium,’ I replied. ‘You’ll need a new stadium, for maybe sixty million, and then forty million to get them into the Premier League.’’’

He added: ‘‘People try to apply to football the usual principles of business. But it’s not a lathe, it’s not a milling machine, it’s a collection of human beings. That’s the difference.’’

 
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