Edd
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Registered: 8th Nov 04
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anyone who thinks Man U could never go bust needs their head checked
from a business point of view Man U are not solvent and are on a very slippery slope
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Cosmo
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Registered: 29th Mar 01
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quote:
Originally posted by Edd
anyone who thinks Man U could never go bust needs their head checked
from a business point of view Man U are not solvent and are on a very slippery slope
its the Utd fans who think they are still ontop of the world. Im not sure if its a blinkered view, or if they know but dont want to accept it. But if things dont go their way (out of cups early, dont win the league in next few years, cant attract big names) then they are going to be in SERIOUS trouble.
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Edd
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up here we have had a few teams go bust, some very old institutions and its a terrible shame just look at the prediciment celtic were in-24 hours from closure
bad management will be the death of your club and thats the way i see man u going
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Cosmo
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Leeds were the biggest team I can think of going bust down here, and they were in a very similar situation to Utd. They had loans secured against them based on the success of the team. They were in 1/4 finals of Champs League one year, then bust the next after not attracting enough cash into the business.
And look what happened to them...out the league, sold all their players, sold Elland Road.....
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Edd
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not only Man U fans that should worry if i was a Chelsea fan i would be seriously worried what happens when the money man gets fed up and leaves??? or worse when he gets rumbled that he's been using chelsea to launder money
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Sooty
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quote:
Originally posted by Cosmo
quote:
Originally posted by Edd
anyone who thinks Man U could never go bust needs their head checked
from a business point of view Man U are not solvent and are on a very slippery slope
its the Utd fans who think they are still ontop of the world. Im not sure if its a blinkered view, or if they know but dont want to accept it. But if things dont go their way (out of cups early, dont win the league in next few years, cant attract big names) then they are going to be in SERIOUS trouble.
sorry but i still think your talking sh1te
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Cosmo
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quote:
Originally posted by Edd
not only Man U fans that should worry if i was a Chelsea fan i would be seriously worried what happens when the money man gets fed up and leaves??? or worse when he gets rumbled that he's been using chelsea to launder money
Ive said this in the past. They are making losses of 100mil+ a season at the moment with their spending and wages. And when he goes (as he will in the next 5yrs) they dont have anywhere near enough money coming in to pay the wages let alone keep on spending on new ones.
I found it funny when Kenyon said they would be breaking even by 2010....not a chance!
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Cosmo
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quote:
Originally posted by Sooty
sorry but i still think your talking sh1te
thats fine mate, keep your blinkers on and you'll be fine.
I mean its not like the figures or precident of it happening in the past are there already 
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gianluigi
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Registered: 9th Mar 05
Location: Ipswich, Suffolk
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10 pages on this subject
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Cosmo
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quote:
Originally posted by gianluigi
10 pages on this subject
well...a whole mix of subjects to be honest!!
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Sooty
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quote:
Originally posted by Cosmo
quote:
Originally posted by Sooty
sorry but i still think your talking sh1te
thats fine mate, keep your blinkers on and you'll be fine.
I mean its not like the figures or precident of it happening in the past are there already
True... but to Compare Leeds United with Manchester United is a joke
[Edited on 17-05-2006 by Sooty]
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Sooty
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its evolved from Ballack going to chelski... to Man Utd being larger than liverpool in terms of worldwide recognition to our debt levels
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Cosmo
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quote:
Originally posted by Sooty
quote:
Originally posted by Cosmo
quote:
Originally posted by Sooty
sorry but i still think your talking sh1te
thats fine mate, keep your blinkers on and you'll be fine.
I mean its not like the figures or precident of it happening in the past are there already
True... but to Compare Leeds United with Manchester United is a joke
[Edited on 17-05-2006 by Sooty]
yeah, directly in size wise it is bus...
Leeds were worth around 150-200mil and were in 70mil in debt
Utd is worth 700mil and are 500mil in debt
So if you look at the %'s then they are comparable.
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Sooty
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quote:
Originally posted by Cosmo
quote:
Originally posted by Sooty
quote:
Originally posted by Cosmo
quote:
Originally posted by Sooty
sorry but i still think your talking sh1te
thats fine mate, keep your blinkers on and you'll be fine.
I mean its not like the figures or precident of it happening in the past are there already
True... but to Compare Leeds United with Manchester United is a joke
[Edited on 17-05-2006 by Sooty]
yeah, directly in size wise it is bus...
Leeds were worth around 150-200mil and were in 70mil in debt
Utd is worth 700mil and are 500mil in debt
So if you look at the %'s then they are comparable.
yes, but Manchester United is much larger than Leeds United was then... and there are other factors to take into account aswell... ticket sales, worldwide shirt sales... massive shirt sponsor coming in etc.... surely you can see this
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Marc
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Registered: 11th Aug 02
Location: York
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You need to subtract £148m from that £500m 
As Rich said, they're a global company and have soo much revenue coming in.
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Cosmo
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quote:
Originally posted by Sooty
yes, but Manchester United is much larger than Leeds United was then... and there are other factors to take into account aswell... ticket sales, worldwide shirt sales... massive shirt sponsor coming in etc.... surely you can see this
do you not read anything I write before you reply?
I already said YES Utd are bigger and worth more than Leeds (i.e. you have more money coming into the club) BUT if you work out how much debt you have compared to what your worth then you are in the same position.
Leeds were worth less but had less debt, you are worth alot more but have alot more debt. Its not rocket science.
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Hammer
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Registered: 11th Feb 04
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quote:
Originally posted by Cosmo
Leeds were worth around 150-200mil and were in 70mil in debt
Utd is worth 700mil and are 500mil in debt
So if you look at the %'s then they are comparable.
doesn't work like this, manchester united cannot be compared to leeds in any way shape or form
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Cosmo
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quote:
Originally posted by Marc
You need to subtract £148m from that £500m
As Rich said, they're a global company and have soo much revenue coming in.
Why take away 148m?
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Sooty
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quote:
Originally posted by Sxi04
quote:
Originally posted by Cosmo
Leeds were worth around 150-200mil and were in 70mil in debt
Utd is worth 700mil and are 500mil in debt
So if you look at the %'s then they are comparable.
doesn't work like this, manchester united cannot be compared to leeds in any way shape or form
I see the sensible people are waking up 
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Cosmo
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Registered: 29th Mar 01
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quote:
Originally posted by Sxi04
doesn't work like this, manchester united cannot be compared to leeds in any way shape or form
yes it does in business terms. If you want me to go into technical business terms in regards to gearing, etc. then I will.
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Marc
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Registered: 11th Aug 02
Location: York
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quote:
Originally posted by Cosmo
Why take away 148m?
New Shirt sponsorship deal with AIG.
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Sam.S
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Registered: 8th Aug 02
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Just read all of this thread. My overal thoughts, credit to Adriano saying Chelsea disregard good players and thats why he would not join them (hopefully other players will follow this). A very interesting topic raised was the money laundering from Abromivich, the guy is dodgey and this would not suprise me a bit. Also back on the chelsea topic, I cant wait until money bags gets bored. Then we will see what happened to Leeds happen to Chelsea, plus there will be a dramatic loss of Chelsea supporters 
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Hammer
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Registered: 11th Feb 04
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quote:
Originally posted by Cosmo
quote:
Originally posted by Sxi04
doesn't work like this, manchester united cannot be compared to leeds in any way shape or form
yes it does in business terms. If you want me to go into technical business terms in regards to gearing, etc. then I will.
please do, i have the last three years of manchester united accounts sitting in front of me right now.
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Cosmo
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Registered: 29th Mar 01
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quote:
Originally posted by Marc
quote:
Originally posted by Cosmo
Why take away 148m?
New Shirt sponsorship deal with AIG.
You mean 56million. And you only need to take into account how much extra that is per season over the vodafone deal as that was already taken into account in previous season where you still made poor profits compared to what you've got to pay off.
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Sam.S
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Registered: 8th Aug 02
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quote:
Originally posted by Cosmo
quote:
Originally posted by Sxi04
doesn't work like this, manchester united cannot be compared to leeds in any way shape or form
yes it does in business terms. If you want me to go into technical business terms in regards to gearing, etc. then I will.
Gearing ratio's suck  I do see your point though from a business point of view, but in reality I just cant see Man Utd falling to the depths of Leeds. Call it whatever, denial or just hope... I prefer to think of it as reality. If im proved wrong, Im proved wrong.
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