United Thread | 2025/26

  • Thread starter Thread starter Ric
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Prestwich_Blue said:
Interesting question. There's no information identifying who they're in debt to specifically. The main debt of $650m (c£480m) is secured on the club assets (i.e. OT and Carrington).

I've said before that my suspicion is that they've actually used their united shares to secure debts on their property business. They remortgaged that to the hilt pre-crash back in 2008 and their lenders would almost certainly have insisted on additional collateral over the properties themselves. But we don't know that. When they've sold shares, the proceeds go to them, rather than the club so I guess it's potentially possible they've used that money to repay external debt and transfer that debt to themselves.

I think they'd have to say something publicly though if they redeemed a debt where there was a charge over assets, and they never have so I'd say it's unlikely. They have to start refinancing that debt in 2027 so we may learn more then.
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Just checked quickly and they issued $425m secured notes, which will be held by various parties. These have to be redeemed in 18 months time. There's another loan from Bank of America of $225m which has to be repaid by 2029. That's around £480m at the current exchange rate.

Then they've got a revolving credit facility (i.e. big overdrafts) with BoA, Nat West, HSBC and Santander. That totals £350m and they'd used £265m of that at the end of June. They also borrowed an additional £100m to finance transfer spending in this last quarter to September.

They also owe £550m in Trade Payables, which will include outstanding instalments on transfer fees as well as money owed to suppliers.

That's total outstanding debt of close to £1.5bn
 
Kippax77 said:
Huh i feel dirty and need to wash.
Just been in the village hotel M66 Bury for a coffee with Mrs K and her sister and it was wall to wall full of raggies.
Coaches from everywhere but Manchester on the carpark.
The excitement of moving into the top 5 is really getting them giddy
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The Village hotel, Bury is a grim place and the coffee is expensive
 
Prestwich_Blue said:
Just checked quickly and they issued $425m secured notes, which will be held by various parties. These have to be redeemed in 18 months time. There's another loan from Bank of America of $225m which has to be repaid by 2029. That's around £480m at the current exchange rate.

Then they've got a revolving credit facility (i.e. big overdrafts) with BoA, Nat West, HSBC and Santander. That totals £350m and they'd used £265m of that at the end of June. They also borrowed an additional £100m to finance transfer spending in this last quarter to September.

They also owe £550m in Trade Payables, which will include outstanding instalments on transfer fees as well as money owed to suppliers.

That's total outstanding debt of close to £1.5bn
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Thanks for the information, Mr Prestwich.

Very interesting.

Let’s hope the day of reckoning isn’t too far away.
 
Vienna_70 said:
Thanks for the information, Mr Prestwich.

Very interesting.

Let’s hope the day of reckoning isn’t too far away.
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Why would other club sell their players to United on the drip ?? Knowing the amount of shit they are in, are they ever going to get the money owed to them. The instalments agreed have to be reached by the rules of PSR or FFP or face points deductions and fines
 
ancoats said:
Why would other club sell their players to United on the drip ?? Knowing the amount of shit they are in, are they ever going to get the money owed to them. The instalments agreed have to be reached by the rules of PSR or FFP or face points deductions and fines
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I sure they'll be some jiggery pokery on behalf of the rag's. A little leeway. APU.
 
ancoats said:
Why would other club sell their players to United on the drip ?? Knowing the amount of shit they are in, are they ever going to get the money owed to them. The instalments agreed have to be reached by the rules of PSR or FFP or face points deductions and fines
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You've just answered your own question. They pay the instalments to avoid sanctions
 
ancoats said:
Why would other club sell their players to United on the drip ?? Knowing the amount of shit they are in, are they ever going to get the money owed to them. The instalments agreed have to be reached by the rules of PSR or FFP or face points deductions and fines
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they;ll sell the the full amount to money investers
 
Has anyone like me had a discussion with a utd fan and when they start losing the point come out with , well Fergeh said as if it is gospel whatever the old drunk says … he also said not in his lifetime , now it’s EVERYTIME….
 
Kippax77 said:
Huh i feel dirty and need to wash.
Just been in the village hotel M66 Bury for a coffee with Mrs K and her sister and it was wall to wall full of raggies.
Coaches from everywhere but Manchester on the carpark.
The excitement of moving into the top 5 is really getting them giddy
Click to expand...
"...wife and her sister..." you say?

You know the rules.....
 
Prestwich_Blue said:
Just checked quickly and they issued $425m secured notes, which will be held by various parties. These have to be redeemed in 18 months time. There's another loan from Bank of America of $225m which has to be repaid by 2029. That's around £480m at the current exchange rate.

Then they've got a revolving credit facility (i.e. big overdrafts) with BoA, Nat West, HSBC and Santander. That totals £350m and they'd used £265m of that at the end of June. They also borrowed an additional £100m to finance transfer spending in this last quarter to September.

They also owe £550m in Trade Payables, which will include outstanding instalments on transfer fees as well as money owed to suppliers.

That's total outstanding debt of close to £1.5bn
Click to expand...
Silly question maybe but how can they borrow £100m to finance transfer spending ? Is that not what all these rules are in place to stop ...I admit I no nothing about the financial ins and outs of the rules so just looking at it from the outside and doesn't look right ?
 
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