Sooty
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quote:
Originally posted by Sxi04
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.
can you send me a copy of them at all?
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Cosmo
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quote:
Originally posted by Sxi04
please do, i have the last three years of manchester united accounts sitting in front of me right now.
Those accounts are redundant now, you werent owned by Glazier then and didnt have 500mil of debts secured against you which is what this is all about. So those accounts wont have any useful info other than what profits you made each year...feel free to post those up (after tax) as I have got them from google.
And gearing refers to the amount of loans the company has taking into account the overall value, revenue, etc. and if you compared this to Leeds when they went used Im betting Utds isnt much different.
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Marc
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Where do you get 56m from? 
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Sooty
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quote:
Originally posted by Cosmo
quote:
Originally posted by Sxi04
please do, i have the last three years of manchester united accounts sitting in front of me right now.
Those accounts are redundant now, you werent owned by Glazier then and didnt have 500mil of debts secured against you which is what this is all about. So those accounts wont have any useful info other than what profits you made each year...feel free to post those up (after tax) as I have got them from google.
And gearing refers to the amount of loans the company has taking into account the overall value, revenue, etc. and if you compared this to Leeds when they went used Im betting Utds isnt much different.
how are they irrelivant??? they are showing what the club makes in terms of profit and expenditure?
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Cosmo
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quote:
Originally posted by Sam.S
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.
they do suck, I hate doing them but in a business sense they do help alot.
I do agree, I dont think Utd will ever go bust to the way Leeds did. But I do think that in a few years your going to have more trouble again which will effect the team and the running of the club. I suspect either the ground will be sold on a buy-back agreement (so renamed and everything) or Glazier will milk money out the club for a year selling off what he can and then walk away and sell the club.
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Cosmo
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quote:
Originally posted by Marc
Where do you get 56m from?
BBC
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Marc
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Hmmm strange.
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Hammer
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quote:
Originally posted by Cosmo
quote:
Originally posted by Sxi04
please do, i have the last three years of manchester united accounts sitting in front of me right now.
Those accounts are redundant now, you werent owned by Glazier then and didnt have 500mil of debts secured against you which is what this is all about. So those accounts wont have any useful info other than what profits you made each year...feel free to post those up (after tax) as I have got them from google.
And gearing refers to the amount of loans the company has taking into account the overall value, revenue, etc. and if you compared this to Leeds when they went used Im betting Utds isnt much different.
are you assuming im a united fan? i have no allegiance with manchester united whatsoever.
Im an unbiased outsider and in my opinion the chances of manchester united ever being even close to going bust are so remote theres literally no chance
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Cosmo
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quote:
Originally posted by Sooty
how are they irrelivant??? they are showing what the club makes in terms of profit and expenditure?
as I already said in the post...You werent owned by the Glaziers then and therefore werent 500mil in debt. Yeah the profits will give you some idea of what you might make this season (although will be hit by lack of Champions league run) but thats about all that is useful.
But once again I said all this once.
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Sooty
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Cosmo.... are you from FC United?
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Cosmo
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quote:
Originally posted by Sxi04
are you assuming im a united fan? i have no allegiance with manchester united whatsoever.
Im an unbiased outsider and in my opinion the chances of manchester united ever being even close to going bust are so remote theres literally no chance
No, didnt even think if you were a Utd fan or not. I was just gving the business point of view.
So your saying a business (thats what they are) that has 500mil of debts has literally no chance of going bust? What are you basing this on, what facts and figures?
There have been bigger companies with smaller debts go bust in the past, its not a strange thing when you have poor management who isnt interested in the club but only to make money.
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Marc
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^
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Hammer
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quote:
Originally posted by Sooty
quote:
Originally posted by Sxi04
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.
can you send me a copy of them at all?
the financial times do a free service were you can get the accounts of listed companies sent to you mate 
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Cosmo
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quote:
Originally posted by Sooty
Cosmo.... are you from FC United?
nope, im a business management student and have been over all this a thousand times at Uni disecting company accounts and seeing where they are going right/wrong.
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Sooty
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quote:
Originally posted by Cosmo
quote:
Originally posted by Sooty
Cosmo.... are you from FC United?
nope, im a business management student and have been over all this a thousand times at Uni disecting company accounts and seeing where they are going right/wrong.
Cool... i work for an accounts software company.... one of my clients today was Stoke City football club
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Cosmo
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quote:
Originally posted by Sooty
Cool... i work for an accounts software company.... one of my clients today was Stoke City football club
so you'll know all about gearing then? So you'll beable to explain to me, in terms of gearing and a business sense, how Utd are different to leeds (not in a football sense) and why you have no chance of going bust. All in an accounting sense.
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Sam.S
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As I've said before, from a Business point of view Cosmo is right... Any business can go bust. Look at Real Madrid a few years back?
This is a simular story, in reality Real Madrid were never going to go under. Same with Utd, if the worse comes to the worse, they will get bailed out just like Real Madrid.
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Cosmo
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quote:
Originally posted by Sam.S
As I've said before, from a Business point of view Cosmo is right... Any business can go bust. Look at Real Madrid a few years back?
This is a simular story, in reality Real Madrid were never going to go under. Same with Utd, if the worse comes to the worse, they will get bailed out just like Real Madrid.
The difference is Real Madrids backer is the King of Spain and head of their national bank who they were in debt with. I doubt Charles will come running in and do the same
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Sooty
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quote:
Originally posted by Cosmo
quote:
Originally posted by Sooty
Cool... i work for an accounts software company.... one of my clients today was Stoke City football club
so you'll know all about gearing then? So you'll beable to explain to me, in terms of gearing and a business sense, how Utd are different to leeds (not in a football sense) and why you have no chance of going bust. All in an accounting sense.
'no chance of going bust'
you can never use that term in business, as im sure you know....
football clubs do not make alot of profit.. this has always been the case... but you really do have to look at statistically how manchester united and leeds united are different.... im at work at the moment, i will see if i can get something which i can relate to in terms of how this is a totally different scenario
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Sam.S
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As to qoute from Lost, your a man of facts, Im a man of faith. Now then Charlie boy, go fetch us Ronaldinho and £200,000,000
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Cosmo
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quote:
Originally posted by Sooty
'no chance of going bust'
you can never use that term in business, as im sure you know....
football clubs do not make alot of profit.. this has always been the case... but you really do have to look at statistically how manchester united and leeds united are different.... im at work at the moment, i will see if i can get something which i can relate to in terms of how this is a totally different scenario
yeah, but what about the gearing of the two clubs, which is what we are talking about at the moment...
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Sooty
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your refering to loan capital... over say capital currently secured?
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Cosmo
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quote:
Originally posted by Sooty
your refering to loan capital... over say capital currently secured?
Im referring to the gearing of the club, you work for an accountants software company and will deal with gearing everyday so should beable to comment on it for Utd even without the figures...
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Sooty
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if your trying to say man utd have a high gearing ratio and therefore a high risk then i think your on the wrong track
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Cosmo
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quote:
Originally posted by Sooty
if your trying to say man utd have a high gearing ratio and therefore a high risk then i think your on the wrong track
explain, because Im not...
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