Glaziers Finances/Credit Crunch ?

[JULES]

Lets face it as much as we hate them, they are to big of a 'Brand' to totally collapse in on its self. They will always have someone willing to stump up the cash for them!

Plus rivalry is a good thing!

woolworths

 

[nmc]

Base interest rates may be low in the UK and the US but these rates are not passed on to customers who are in high risk sectors. Man Utd's risk rating will be high. High level of debt, questionable assets - what's the swamp really worth?, if they were to miss Champions League football they'd be in financial crisis.

If they are not paying the interest and adding to the debt then they are living beyond their means - their income could fall as the credit crunch bites - do you think the droves of glory hunters will continue to drive from Exeter and Clacton when they are losing their jobs...

I have always thought that Glaziers escape route would be to float them back on the stock exchange. They will raise nothing like the original (pre Glazier) value of the club (given the debts) but Glazier might walk away with £500m in his back pocket and united will be left with debts of circa £500m on their books. Nice.

 

[magoo]

Base interest rates may be low in the UK and the US but these rates are not passed on to customers who are in high risk sectors. Man Utd's risk rating will be high. High level of debt, questionable assets - what's the swamp really worth?, if they were to miss Champions League football they'd be in financial crisis.

If they are not paying the interest and adding to the debt then they are living beyond their means - their income could fall as the credit crunch bites - do you think the droves of glory hunters will continue to drive from Exeter and Clacton when they are losing their jobs...

I have always thought that Glaziers escape route would be to float them back on the stock exchange. They will raise nothing like the original (pre Glazier) value of the club (given the debts) but Glazier might walk away with £500m in his back pocket and united will be left with debts of circa £500m on their books. Nice.

this I think is there or there abouts, Ive seen reports that its 600Mill if the plug was pulled

shame...lol

 

[coggie]

Base interest rates may be low in the UK and the US but these rates are not passed on to customers who are in high risk sectors. Man Utd's risk rating will be high. High level of debt, questionable assets - what's the swamp really worth?, if they were to miss Champions League football they'd be in financial crisis.

If they are not paying the interest and adding to the debt then they are living beyond their means - their income could fall as the credit crunch bites - do you think the droves of glory hunters will continue to drive from Exeter and Clacton when they are losing their jobs...

I have always thought that Glaziers escape route would be to float them back on the stock exchange. They will raise nothing like the original (pre Glazier) value of the club (given the debts) but Glazier might walk away with £500m in his back pocket and united will be left with debts of circa £500m on their books. Nice.

the best thing to happen to United is for the plug to be pulled and the Glazers have to sell because someone who is mega rich will snap them up at a discounted cost.....be careful what ou wish for

 

[Alaricmc]

Whoever takes them over would be doing so at a time of great financial turmoil and uncertainty.After clearing the biggest debt in world football,they would also face the task of replacing a retiring baconface,and supplying enough transfer funds to keep the prawn eaters in the type of "big" player they have become accustomed to....AND at a time where they face being consistantly blown out of the water on any player by us.....

It's almost like the wheel is going full circle.

I actually think that they will hit the end of the glory road pretty soon.They have a lot of problems stored up for the not-to-distant future...not to mention fans who's idea of "hard times" is failing to beat Bolton.

Bring it on.

This was May 2007 (it's a lot worse now):-

£663m
Total debts taken on by Manchester United to pay for the Glazer family takeover

£70.4m
The total spent on banks' and professionals' fees to arrange the takeover and 2006 refinancing

£62m
United's interest payments a year

If you can be bothered to roll through it, IMUSA paid for a report:-

<a class="postlink" href="http://www.joinmust.org/thefacts/financialanalysis.pdf" onclick="window.open(this.href);return false;">http://www.joinmust.org/thefacts/financialanalysis.pdf</a>

The scum are heading for an iceberg. Simple as that. And what makes me laugh is that they moan about us (possibly) paying agents £20m to get one of the best players in the world while they paid a significant chunk of £70.4m to agents and facilitators just to get themselves a fucking big debt.

 

[langy[wales]]

At what point did I ever pretend to be blue? Well? Eh?

So you admit to being a rag then?

twat face he has been posting for 4 year longer than you so fuck up rag

 

[simonk]

I love the way this thread typifies whats good about the site.

Some good facts about a subject close to all our hearts at the debating table, whilst over at the bar its all going off.

Keep up the good work