[E.O.M.S.]

Tuesday, 7 December 2010

HA!

WikiLeaks cables: Burma general considered Manchester United buyout

The leader of Burma's military junta considered making a $1bn (£634m) bid to buy Manchester United football club around the time it was facing rising anger from the United Nations over its "unacceptably slow" response to cyclone Nargis.Than Shwe, commander in chief of the armed forces and a fan of United, was urged to mount a takeover bid by his grandson, according to a cable from the US embassy in Rangoon. It details how the regime was thought to be using football to distract its population from ongoing political and economic problems.
The proposal was made prior to January 2009; only months earlier, in May 2008, the Burmese junta had been accused of blocking vital international aid supplies after Nargis struck, killing 140,000 people.
Than Shwe reportedly concluded that making a bid for United might "look bad" at the time, but the revelation that the proposal was even considered is likely to fuel criticism of the regime's cruelty. The senior general instead ordered the creation of a new multimillion dollar national football league at the same time as aid agencies were reporting that one year on, many survivors of the cyclone still lacked permanent housing, access to clean water, and tools for fishing and agriculture.
The mooted price tag for Manchester United was exactly the same as the aid bill to cover the most urgent food, agriculture and housing for the three years after the cyclone, as estimated by international agencies including the UN. The proposal revealed that the regime, which is increasingly exploiting its oil and gas reserves, felt confident of finding such a sum. According to Forbes magazine's valuation of the club at the time, $1bn would have been enough to acquire a 56% controlling stake.

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The Law of Unintended Consequences

Recent outrage by American right wingers over Wikileaks begs the question, where was the anger when Cheney exposed and endangered CIA agent, Valerie Plame?