Sooty
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quote:
Originally posted by Cosmo
quote:
Originally posted by Sooty
actually i have just heard... Joel Glazer himself... has purchased a Corsa Sport 
prob about all he can afford at the moment 
sorry, i lied... it was a 1.2 8v sxi that was presented to him at his local garage.. salesman was called DaimoB
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Cosmo
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quote:
Originally posted by Jodi_the_g
never mind they will morgage old trafford soon.
Ive a funny feeling this will be the plan in the future, some sort of sale and buy-back agreement as I cant see the Glaziers getting all the money needed any other way.
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Russ
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quote:
Originally posted by Jodi_the_g
quote:
Originally posted by Russ
quote:
Originally posted by Jodi_the_g
never mind they will morgage old trafford soon.
70k seater starbucks anyone?
with room for some posh flats.
With Utd moved to london for easier flights from the US.
[Edited on 16-05-2006 by Jodi_the_g]
dont forget tthe communial gardens
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Sooty
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quote:
Originally posted by Cosmo
quote:
Originally posted by Jodi_the_g
never mind they will morgage old trafford soon.
Ive a funny feeling this will be the plan in the future, some sort of sale and buy-back agreement as I cant see the Glaziers getting all the money needed any other way.
c'mon... honestly  do you really think that will ever happen
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Jodi_the_g
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Alot of clubs heavy in debt have leeds with they small debt of 96 million.
They ground share with spurs, easy flight from the US and he can sit with his yid friends.
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Jodi_the_g
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Yes I do, slip up next season lose a shed loads of money what other assets do untied have?
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Cosmo
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quote:
Originally posted by Jodi_the_g
Alot of clubs heavy in debt have leeds with they small debt of 96 million.
exactly. Its Utds biggest asset and they WILL take advantage of that.
And Sooty, you do realise just how much debt they are in and have to pay back in 5 years dont you? They arent rich enough to just dip in their pockets and pay it off. And even if they milk all their businesses for 5 years it wont cover all that.
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Sooty
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quote:
Originally posted by Cosmo
quote:
Originally posted by Jodi_the_g
Alot of clubs heavy in debt have leeds with they small debt of 96 million.
exactly. Its Utds biggest asset and they WILL take advantage of that.
And Sooty, you do realise just how much debt they are in and have to pay back in 5 years dont you? They arent rich enough to just dip in their pockets and pay it off. And even if they milk all their businesses for 5 years it wont cover all that.
2nd richest club in the world
why 5 years... show me please
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Cosmo
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quote:
Originally posted by Sooty
quote:
Originally posted by Cosmo
quote:
Originally posted by Jodi_the_g
Alot of clubs heavy in debt have leeds with they small debt of 96 million.
exactly. Its Utds biggest asset and they WILL take advantage of that.
And Sooty, you do realise just how much debt they are in and have to pay back in 5 years dont you? They arent rich enough to just dip in their pockets and pay it off. And even if they milk all their businesses for 5 years it wont cover all that.
2nd richest club in the world
why 5 years... show me please
no....second largest turnover...certainly not richest anymore. Infact Im guessing your probably the poorest club on paper.
And they have loans secured against the club of £265mil that have to be paid within 5 years. VenomTurbo posted it before and half my posts were about it. Did you not read anything?!!
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Jodi_the_g
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which works out to around 280 million on 3% interest. or 46 million a year in repayments.
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Jodi_the_g
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and only making 30 million profit or so a year leaves you 16 million a year down.
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Cosmo
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quote:
Originally posted by Jodi_the_g
which works out to around 280 million on 3% interest. or 46 million a year in repayments.
its on huge interest, something like 18% Venom posted I think.
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Cosmo
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quote:
Originally posted by VenomTurbo
Pasted from Businessman.com
"Once the company is taken off the Stock Exchange, Glazer can call an extraordinary general meeting to ask for United to become a private company and for his personal debts to be transferred onto the club.
Through Red Football, Glazer has borrowed £265million secured against United's assets and a further £275million in "pay-in-kind" loans known as Piks. These are thought to have to be repaid within five years and have very high interest rates of around 18 per cent, and it is these which could then be transferred onto the club"
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Nath
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With Man Utds tickets increasing in price by some stupid percentage and record attendances, 73,000 for their last home game, I fail to see why the topic of conversation has switched to Glazier. Man Utd won't go bust. Fact.
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Jodi_the_g
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People said the same about leeds and Forentina, in the top 20 richest clubs in the world as little as 4 years ago.
But on a better note ballack number 13, galles number, he is been a gem in there defence making up for terrys lack of pace, i believe he will be missed.
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Cosmo
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quote:
Originally posted by Nath
With Man Utds tickets increasing in price by some stupid percentage and record attendances, 73,000 for their last home game, I fail to see why the topic of conversation has switched to Glazier. Man Utd won't go bust. Fact.
They get 3mil a game, but its regardless when they have 500+ mil in loans against them with 5 yrs to pay them off. And yeah it is highly unlikely they will go bust but stranger things have happened and richer people than the Glaziers have gone bust in the past.
You've also got to remember that Glaziers plan was based on Utd getting to atleast the 1/4 finals of the Champs League for the revenue. They didnt last year and if they dont again then thats a hell of alot of money they are going to have to find to make up for it!
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Hammer
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quote:
Originally posted by Nath
Man Utd won't go bust. Fact.
this man speaks the truth, they can run up as much debt as they like just the same way real madrid do and they will never go bust these are more than football clubs they are institutions.
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Nath
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quote:
Originally posted by Sxi04
quote:
Originally posted by Nath
Man Utd won't go bust. Fact.
this man speaks the truth, they can run up as much debt as they like just the same way real madrid do and they will never go bust these are more than football clubs they are institutions.
Indeed 
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Jodi_the_g
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Reals finincal dealing are slight dogedy though.
I hope they don't what happened to leeds was awful.
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Cosmo
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real madrids backer is the king of spain, thats why they cant go bust!!
Man Utd are a business, they can go bust just as easily as any other company out there as its not like the Govt will run in and bail them out (although someone else would Im sure but it would involve huge cost cutting like Leeds)
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Sooty
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quote:
Originally posted by Cosmo
real madrids backer is the king of spain, thats why they cant go bust!!
Man Utd are a business, they can go bust just as easily as any other company out there as its not like the Govt will run in and bail them out (although someone else would Im sure but it would involve huge cost cutting like Leeds)
aslong as United dont loose 99% of their fanbase, i dont think were going bust anytime soon mate
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Marc
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As if Man Utd will go bust! They've got that stupid shirt deal for a kick off.
[Edited on 17-05-2006 by Marc]
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Sooty
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quote:
Originally posted by Marc
As if Man Utd will go bust! They've got that stupid shirt deal for a kick off.
[Edited on 17-05-2006 by Marc]
its coming from a Scouser living in Manchester, what should we expect
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Marc
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LOL
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Cosmo
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oh Im sorry, didnt realise that I have to go to Uni in Liverpool and live there when I support them. And what the fuck are you on about, your a typical Manc livin in Newcastle.
You cant argue with the facts and figures as much as you might like to. The fact is you have over 500million secured against the club with 5 years to pay half of that back at a stupidly high rate of interest. Yes you may get 3mil a game, and yes you may have a huge shirt deal, and yes you might have a huge worldwide fanbase....but you need to make around 50mil a year profit AFTER tax which if you look at previous years (which I posted) you have NEVER done.
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