<< “Where Charlie’s involved, there’s always turbulence. My successor at United, Howard Kendall, was backed with cash because they had to improve the company due to the launch of a share issue.
“They spent some money and did some trading with players because if you wanted to float the company you had to show it was being successful.
“They had to give the impression they wanted to get to the Premiership otherwise fans wouldn’t have bought shares.
“During the flotation they made a killing on the shares. When Sheffield United became a limited company there was a lot of money swilling about and I’m sure they did very well out of it. Fans later actually called for an investigation into the whole share issue." >>
That's the first time I've heard that take on it but it all makes sense now.
MacDonald/Green did lose interest in the club remarkably quickly after the share issue.