United 2016/17

[blue b4 the moon]

That'll do for me, increased debt to £500m, you gotta love the Glazers, gonna wind a rag up if I can find any.

That's around 4 Carlton Pogba 's. ;)

 

[Rammyblues]

Seems to be a racist and said with a very unusual Manchester Accent who has the termerity to call us Citeh. Needs to widen his vocabulary a little. :-)

 

[SPIDERBOY]

Their total debt is now around £500m which is £90m higher than it was at the last year end. That cost them £20m in debt servicing costs, compared to £35m last year. This implies they're relying much more on overdrafts than longer term borrowing but it won't be possible to be sure until the full accounts are published.

Their bottom line profit was just over £36m and we should easily beat that thanks to a decent profit on our transfer dealings. Even taking that out of the equation for both teams, we won't be that far short of their profit figure.

As you rightly say, a high turnover is one thing but making sure you have enough cash to cover your operating costs and fund incoming transfers is the most important thing for a football club. That's what nearly killed us in 2008.

The cash position at the end of June should be about as healthy as it will ever be as all season ticket income is in and the bulk of the domestic and European prize money. Some more comes in arc the start of the season and some in January but the the rest of the time a club is living off the fat. It won't have helped being dumped or of the CL & then the EL so early. That alone probably cost them £50m in potential list revenue.

Not doubting your knowledge PB,but where do you get £500m from,the link you posted shows the debt at £260m.
Genuine question mate,I'm useless with anything like that.

 

[stony]

Has this done the rounds yet? He's a right thick fuck and goes on Bluemoon apparently, we get a good few mentions... like "utter cretins" lol
Bitter..

It was posted the other day and apparently Sausage Boy himself came on the forum. I missed it and the mods moved it all to the mod forum.

 

[Helmet Cole]

It was posted the other day and apparently Sausage Boy himself came on the forum. I missed it and the mods moved it all to the mod forum.

Probably keeping in there as a sex-gimp for the mods.

 

[KentBlue]

Has this done the rounds yet? He's a right thick fuck and goes on Bluemoon apparently, we get a good few mentions... like "utter cretins" lol
Bitter..

I would like to pick him up with my bare hands and throw him down a lift shaft.

That is all.

 

[dickie davies]

Has this done the rounds yet? He's a right thick fuck and goes on Bluemoon apparently, we get a good few mentions... like "utter cretins" lol
Bitter..

It was posted the other day and apparently Sausage Boy himself came on the forum. I missed it and the mods moved it all to the mod forum.

I would like to pick him up with my bare hands and throw him down a lift shaft.

That is all.

Obviously he some serious psychological issues, so Bluemoon has to be the worst possible place for him.
Hanging onto United gives him a purpose to get through the week. It's more than likely the only thing he has to look forward to and United winning must be the only positive thing in his life
I actually feel very sorry for him suffering with that condition (and I don't mean being a rag)

 

[aguero93:20]

Correct. Current & non-current borrowings were just over £490m as at June 2016 compared to just over £410m the previous year.

Page 10: http://ir.manutd.com/~/media/Files/M/Manutd-IR/Governance Document/mu-plc-earnings-release-q4-fy-2016.pdf

Our operating profit will probably be much the same as theirs at just under £70m when our accounts are published.

They've seriously grown their cost base this summer as well, wouldn't expect more than £10m in operating profit in the next accounts.

 

[feedmpenzaandhewillscore]

It was posted the other day and apparently Sausage Boy himself came on the forum. I missed it and the mods moved it all to the mod forum.

Berbatov doesn't get out much these days does he?

 

[aguero93:20]

What us their debt now? Can you summarise in terms a simple fan will understand , the debt, repayments, profit etc. turnover is vanity, profit is sanity I was taught.

At current levels they'd have to keep their costs stable for 7 years to pay it off.

 

[It just had to be BLUE.]

It was posted the other day and apparently Sausage Boy himself came on the forum. I missed it and the mods moved it all to the mod forum.

It's the only thing SAUSAGE had in his awful trios life , and City are ruining the only thing he had..if your looking in Sausage Rag..I love knowing City are hurting you and so many of your sad ilk..

 

[yeah whatever !!]

no surprise the rags are very quiet , none of the fuckers saw it, they all had to work hehe

Typical rags..

Hahahaha!
I feel a bit sorry for the rag ****, imagine what he'll be like in 3 years time!!

Somewhere there's a village without an idiot.

 

[aguero93:20]

Why does it say "in thousands" at the top of page 10?

Because there's too many zeros in the numbers, so you start the digits at 1:1000 ie of it looks like £100, it's actually £100k.

 

[Pam]

They've seriously grown their cost base this summer as well, wouldn't expect more than £10m in operating profit in the next accounts.

There's one guarantee. At least Utd fans aren't bald.
WTF?!

 

[aguero93:20]

There's one guarantee. At least Utd fans aren't bald.
WTF?!

Bald rats are very rare indeed.

 

[BlueMedic]

Their total debt is now around £500m which is £90m higher than it was at the last year end. That cost them £20m in debt servicing costs, compared to £35m last year. This implies they're relying much more on overdrafts than longer term borrowing but it won't be possible to be sure until the full accounts are published.

Their bottom line profit was just over £36m and we should easily beat that thanks to a decent profit on our transfer dealings. Even taking that out of the equation for both teams, we won't be that far short of their profit figure.

As you rightly say, a high turnover is one thing but making sure you have enough cash to cover your operating costs and fund incoming transfers is the most important thing for a football club. That's what nearly killed us in 2008.

The cash position at the end of June should be about as healthy as it will ever be as all season ticket income is in and the bulk of the domestic and European prize money. Some more comes in arc the start of the season and some in January but the the rest of the time a club is living off the fat. It won't have helped being dumped or of the CL & then the EL so early. That alone probably cost them £50m in potential list revenue.

DM states their net debt is £261m. Seen the link you sent saying £490m borrowings, could you explain the difference? Not got any knowledge of this topic.

http://www.dailymail.co.uk/sport/fo...gle-year-club-announce-quarterly-results.html
"United's net debt increased 2.2 per cent to £260.9m, with that £5.7m change pinned on the impact of exchange rate movements on their United States dollar denominated debt."

 

[Pam]

Bald rats are very rare indeed.

This is so true

 

[Maly]

Very insightful young man.
How can he get so much right and yet so much wrong?

Fellaini, the Belgian Andy Carroll. Lol.
Rooney, not his biggest fan is he.

The "upper leg" calf must be sore today.

Not sure he likes its though.

If he's called Carrick4United, he used to post on F365. He's also been Carrick4England.

It's nice that we are a society that allows such forthright and insightful views to be aired.

Society is all about inclusion now mate. Years ago he would've been somewhere like Offie House never to be let out.

I'm pleased we have an inclusive society cos that video is hilarious. Might watch it again later

 

[Gareth Barry Conlon]

DM states their net debt is £261m. Seen the link you sent saying £490m borrowings, could you explain the difference? Not got any knowledge of this topic.

http://www.dailymail.co.uk/sport/fo...gle-year-club-announce-quarterly-results.html
"United's net debt increased 2.2 per cent to £260.9m, with that £5.7m change pinned on the impact of exchange rate movements on their United States dollar denominated debt."

£490m is the total debt they have, the £260.9m figure is the debt less any cash balances they have. So they have(had) £229.1m cash. You need to take note of the balance sheet date, PB suggests its the end of June (Havent looked myself) which will be after some season ticket money has come in and before any transfer fees out so you could argue it would drop from that point but in reality there so much diverse income now that season tickets are not as big a deal. The transfers would have put a dent in that cash though.

 

[Prestwich_Blue]

Not doubting your knowledge PB,but where do you get £500m from,the link you posted shows the debt at £260m.
Genuine question mate,I'm useless with anything like that.

£260m is the net debt, which translates as total debt less available cash or cash equivalents. They had £230k of cash in the bank at their year end so that's taken into account when calculating the net debt.

That's like saying you've got a mortgage of £100k but on Monday you have £20k in the bank and in ISA's. So your net debt is £80k at that point as you could in theory pay £20k off your mortgage. But on Wednesday you could blow that £20k on a new car so your net debt is then up to £100k.

Further down the pack there's a balance sheet and that has the actual borrowings under Current & Long Term Liabilities. I thought I'd read that they'd paid off some debt and set up some big overdraft facilities instead but Andy Green (who is financial blogger Andersred and has done some phenomenonal stuff on the Glazers' corporate finances) has told me that there are two loans, both denominated in dollars. So they have to convert those to their £ equivalent at the year end.

As their accounts are reported at 30th June, the exchange rate conversion would have been done just after the Brexit vote, meaning the sterling value of the debt has increased significantly. Had their accounting date been the same as ours, which is 31st May, those loans would have been shown at a much lower figure.