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"Every decent business has debt"
- Thread starter jpinblue
- Start date
r.soleofsalford
Well-Known Member
jakeplattinblue said:this is according to a rag that i unfortunately associate myself with, after a small discussion about glazer.
im so confused.
ask him to look up the word gearing (FINANCIAL)
he has replied with this:
hahaha i know there is a gearing average for each industry but in football there is always debt , we are way above debt average but you base it on how much net assets you have and we are worth apparnelty 1.2 bil and debts 700 m so thats like just over 55% of gearing which aint to bad for a company earning loads.
what can i say back haha? i know nothing about finances and he does....shame his club dont
hahaha i know there is a gearing average for each industry but in football there is always debt , we are way above debt average but you base it on how much net assets you have and we are worth apparnelty 1.2 bil and debts 700 m so thats like just over 55% of gearing which aint to bad for a company earning loads.
what can i say back haha? i know nothing about finances and he does....shame his club dont
SharpDressedMan
Well-Known Member
The fact that you know nothing about finances could mean that he could spout any old mumbo jumbo and it will apparently make sense
Just make him a banner saying "750 million pounds, and that's a fact"
Just make him a banner saying "750 million pounds, and that's a fact"
Get the amount of money they spent on players on average pre-glazier, compare with post-glazier, then get the avergae ticket prices pre-glazier, and compare post glazier, then spell out why the club being in so much debt is shit for making a decent team and for the fans, and then procede to laugh at him.
Don't give a shit if he thinks they're a viable business, they are a football club, and their completely unneccesary debt is hampering their ability to win football matches.
Don't give a shit if he thinks they're a viable business, they are a football club, and their completely unneccesary debt is hampering their ability to win football matches.
smudgedj
Well-Known Member
A lot of very good business run with manageable debt but they use it to increase profits and therefore strengthen the business. They issue bonds at 8% but use the money to make 16% profit. United only just manage to service the debt and in no way does it makes their business stronger.