maths with the glaziers

[zandvoort blue]

2 points.....

The loans will defo be re-structured again due to the current economic pressures. The Glazers have already re-financed last year, and as reported in the press this week-end (The Times) part of the terms of the re-financing is a cap on spending. This is why they have not spent the Tranny money, why the Serbian kid was blown out, and why bayern got no response to their offer of Ribery.

Secondly, as already pointed out, it is imperative that the Galzers stay in charge as things will hopefully spiral out of control. As the debt increases, they`ll find it harder to sell. The last thing needed is for them to be bought out by someone who`s actually got some real money.

Basically the Rags are like somebody with a gambling addiction who has no money, they just need to keep borrowing to keep themselves at ther table. Consequently the debt gets bigger, and the borrowing then needs to increase............FORWARD WITH THE GLAZERS ! ! ! !

 

[Prestwich_Blue]

1) Yes and no. The capital stays the same, apart from the £135m PIK notes which the interest gets added to every year. The £100m does include capital repayments of £24m but that will probably only pay off the PIK loan by the time it's due. They then have to find £75m in 2014 and £150m a year for 2015, 2016 & 2017. So they will almost certainly have to restructure if they can.

2) Not for many, many years if at all.

Are the figures highlighted just the capital repayments, so interest accumulated needs to be added?
E.g 2014 - £75M capital + £50M interest

They are the capital figures but they're paying interest on most of it as they go. It's only the £23,3m on the PiK notes that is being rolled over.

To answer hotdog's point, that debt is all in Red Football, which is the holding company for their United shares. Any other debt they may have taken on personally won't be included.

 

[Chris in London]

If you think United will ever go bust, you're an idiot.

The best thing that can happen, like somebody said, was that their owners keep them for as long as possible.

If they went bust, their debts would be wiped and they'd start over again, making the tons of money they currently do but with no debt repayments.

All that would happen is 1season of poor possition due to a 10point deduction.

It'l never happen, just like it'l never happen to Real Madird. Somebody will always be willing to pay a shitload of cash to buy them, just nobody will at this moment in time because they're waiting for the price to crash if their current owners go bust.

You also forget that their owners have alot of other stuff that make them money, so yes United down make enough to fund the debt but the owners other things do and keeps them afloat.

They obviously bought them for 1 of 2 reasons, 1) to sell it for a profit and/or 2) to keep hold of United by any way possible untill they can sell their own TV rights ( which will happen one day ) thus making United untouchable money wise and probably repaying any debts within 3 or 4 seasons.

Also it's 500mil debt United are in, the rest is against their owners.

If they were in so much trouble, they could easily raise £100mil instantly, by selling the naming rights to their ground, becuase if Newcastle can get 30mil and Arsenal £100mil then they'l be able to get at the very least equal to what Arsenal did.

As with all match day threads on here that gloat about Uniteds back four being injured, then they go and win the game 4nil or when they go a goal down and but win the game................stop making jinx threads !

If you think this thread is a gloat, I suggest you re read the OP.
(Or simply read it.) It's a bit of fun. Remember those? Good luck avoiding all those black cats on your way home.

 

[Anonymous]

If you think United will ever go bust, you're an idiot.

The best thing that can happen, like somebody said, was that their owners keep them for as long as possible.

If they went bust, their debts would be wiped and they'd start over again, making the tons of money they currently do but with no debt repayments.

All that would happen is 1season of poor possition due to a 10point deduction.

It'l never happen, just like it'l never happen to Real Madird. Somebody will always be willing to pay a shitload of cash to buy them, just nobody will at this moment in time because they're waiting for the price to crash if their current owners go bust.

You also forget that their owners have alot of other stuff that make them money, so yes United down make enough to fund the debt but the owners other things do and keeps them afloat.

They obviously bought them for 1 of 2 reasons, 1) to sell it for a profit and/or 2) to keep hold of United by any way possible untill they can sell their own TV rights ( which will happen one day ) thus making United untouchable money wise and probably repaying any debts within 3 or 4 seasons.

Also it's 500mil debt United are in, the rest is against their owners.

If they were in so much trouble, they could easily raise £100mil instantly, by selling the naming rights to their ground, becuase if Newcastle can get 30mil and Arsenal £100mil then they'l be able to get at the very least equal to what Arsenal did.

As with all match day threads on here that gloat about Uniteds back four being injured, then they go and win the game 4nil or when they go a goal down and but win the game................stop making jinx threads !

Agree with you in part but the Glazers would surely be looking for a return on their "investment..."The last time I looked most of the people looking to buy into PL clubs don't seem to have a billion in cash down the back of the sofa at the moment.Even the Dubai Capital chaps were reportedly looking at part-ownership of the Scousers.it;s all gone quiet since lending big money to speculate virtually bit the dust with the onset of the credit crunch.

We've just been incredibly fortunate to be owned by the Sheik and Mr.Khaldoon,at seemingly exactly the right time!!!

"If they went bust, their debts would be wiped and they'd start over again, making the tons of money they currently do but with no debt repayments."

Don't agree with that at all.There are serious financial implications with any parent company going bankrupt.To suggest that the hedge fund managers would just go "oh-thats a downer-we just lost £700 million.Better luck next time,Mr Glazer" is just a total nonesense.


Admittedly Its extremely improbable that the rags could go under financially-but no-one should ever say impossible.

Just ask Nick Leeson or the RBS!

 

[hotdogz]

They have turned down offers from China last year, saying they're committed to the club etc Basically they want as much profit as possible BUT things have changed since they bought them so breaking even would not be a bad thing.

Same with Liverpool, somebody WILL buy them, it's just a matter of how long these two clubs can stay winning stuff in that time.

United and Liverpool are both the biggest clubs Asia, so i would bet on their new owners being from around there, as their ecconomy is still good.

If the Glazers failed to pay the repayments, the banks will own United....what do you think will happen then? They'l have people on the board and run United like they are currently ( making profit ) It's only the debt that stops this and they were never in debt before the Glazers came.

The bank will run them as the same way, untill they can find a buyer or if it makes more money to keep them and take a slice of the profit each year.

As said before, pray and hope the Glazers stay for as long as possible, because when they dont, it'l improve United ( same goes for LFC )

 

[johnny crossan]

I know it's tempting but gloating is not wise. If United and Liverpool go under so will the Premier League.

 

[Bluemoonbaldboy]

I have said this since the Glazers and Hicks and Gillett took over the rags and the dippers they did it so they could sell their own tv rights on PPV. Thankfully the rest of the Premier League believe in the joint agreement so everyone at least gets a share. As long as that agreement is in place the rags and dippers will continue to need the banks on their sides. And long term seeing as both paid over the top and have had to refinance they have made a situation whereby any chance of a profit has gone no sensible businessman wants to pay more than anythings true price.

 

[Fame Monster]

I have converted United's debt into Zimbabwean dollars pre February 2, 2009.
















4.75292092e23


It's so big, it's got a fuckin letter in it.

 

[Big G]

To answer hotdog's point, that debt is all in Red Football, which is the holding company for their United shares. Any other debt they may have taken on personally won't be included.

True.

A neighbour is an accountant there, as was a mate until they made him redundant and they have both said the same thing that since the yanks took over the banks are constantly checking in and chasing.

The re-financing is in simple terms like sorting out a new mortgage deal on your house, after 1/2/3 years your deal comes to an end and a new deal/terms are sourced and found, this is what is happening over there, no need to get too excited.
In 2007 they were paying something between £40-60m a year in interest alone before any capital was touched.
Latter stages of the CPL is compulsary, failure 2 seasons on the trot means deep deep shit.
The debt is against the club and not the Glazer's, that is why the fans didnt want them on board.

 

[kinkysleftfoot]

LMAO you got to much time on your hands!

We don't know how much the rags debt actually is, and we don't know what interest rate the banks have imposed, but if we assume debt of £800m and interest at 5% p.a. the following amusing calculation occurs.

Every year, the rags are paying £40m in interest alone.

Every day, that equates to £109,589. Every hour that equates to £4,566. Every minute that equates to £76 or £1.26 per second.

So, if you want to play a game which will will amuse you on your way home tonight, check out what time you leave work, and what time you get home, then multiply the number of minutes taken by £76 and you have got how much further the rags have gone into debt since you left work.

Or, click your fingers once, count to four and click them again. The rags lost a fiver in that time.