15/16 financial results - £20.5m profit announced

[CitizenTID]

I would assume the shareholders would get paid a dividend when appropriate.

Aye thats basically what I'm getting at but just thinking back to SWP's point, taxation considerations might come into it in deciding whether to take money out over time or build value and take out large chunks at a time (or all of it) when selling off. It might have changed but I thought tax on dividends was 10% and corporation tax (depending on income) was typically 20% - which would point to taking dividends over time being the better option. I'm sure it can get a lot more complicated though especially with such a business.

 

[CitizenTID]

Sometimes when i look back at it, i think may be ffp was a good thing for us, although those who planned it might not have seen that way but i think we have benefited from it in the long run. 11% increase from last year speaks volumes and that is with quiet frankly a mediocre kit deal. where do we stand in with pl rivals with 20.5 profit?

I don't think it was a good thing - I think they were essentially trying to force us to do what we always planned to do anyway but their hurrying us caught us a little when we had to pay that fine.

FFP was a pretty laughable (pathetic) attempt to stop us when you look back at it now. Funny it seems to have dropped out the headlines now that we've beaten it.

 

[whitenoise]

Putting United aside that was one of the best business deals ever by Glazer, they could be free of debt in 5 years and the assets worth multiple times what hey acquired it for.

I'm hoping/expecting once the rags are debt free, the Glazer's will sell it and the next owners will borrow against it to buy it.
Again
Then again
Then again
Over and over.

Hey ho never mind, they can still be dippers mark 2 and go on about their 'istory.

 

[TonyM]

Imagine if we had decent kits!

 

[stony]

I'm hoping/expecting once the rags are debt free, the Glazer's will sell it and the next owners will borrow against it to buy it.
Again
Then again
Then again
Over and over.

Hey ho never mind, they can still be dippers mark 2 and go on about their 'istory.

The Glazers have shown the way. However, when they bought the rags, the former plc was the dominant force in English football. These days they're not even the dominant force in what they think of as their own city. Knowing that they will have to compete with a Mansour backed City is enough to make even the wealthiest billionaire stand back and think.

 

[MCFC1993]

Sometimes when i look back at it, i think may be ffp was a good thing for us, although those who planned it might not have seen that way but i think we have benefited from it in the long run. 11% increase from last year speaks volumes and that is with quiet frankly a mediocre kit deal. where do we stand in with pl rivals with 20.5 profit?

FFP will become an advantage for us from now on but it's still not right, it basically prevents any decent investment into a club not doing so well. It's funny though that the thing they did to try and stop us, is actually going to help us.

 

[whitenoise]

The Glazers have shown the way. However, when they bought the rags, the former plc was the dominant force in English football. These days they're not even the dominant force in what they think of as their own city. Knowing that they will have to compete with a Mansour backed City is enough to make even the wealthiest billionaire stand back and think.

Thats a good point and probably the reason they haven't offloaded them whilst they're facing some serious problems with the rest of their businesses (although I haven't seen anything recenty if those problems in the states still exist - 12 months ago we were hearing their shopping mals were strugling)

 

[Citizen in Pakistan]

FFP will become an advantage for us from now on but it's still not right, it basically prevents any decent investment into a club not doing so well. It's funny though that the thing they did to try and stop us, is actually going to help us.

That was my point aswell, there intention with ffp was to hinder us but as it turned out, it has helped us by :)

 

[sir baconface]

Now that MCFC is the model of financial propriety, we no longer hear anything about "financial fair play".

Strange dat innit?

 

[OB1]

Maybe they devalued the club by adding so much debt to it but other than that hasn't the club's value increased a lot under the Glazers? In terms of their revenue (e.g. through new sponsorships) and such?

I'm really not very interested in the detail of United's situation but I suspect the Glazers have held United back; maybe their milking of every possible sponsorship deal outweighs their other failures.