Rag Debt in today's Times

[Ricster]

Glazer debt gives United a problem

Contrary to popular belief, Sir Alex Ferguson does have money to spend on players, although if the Glazer family, the Manchester United owners, go on without being able to get their spiralling debt under control, the amount of cash in question may gradually recede.

The Glazers have been struggling to refinance part of the club’s £699 million debt, namely the £175.5 million in Payment In Kind (PIK) notes they are personally responsible for. Rolling up at an annual interest rate of 14.25 per cent, that debt will stand at a staggering £509 million by the time it is due to be repaid in 2017. Ferguson won’t be around by then but pity the manager who is if the Glazers, through whatever means available, haven’t been able to take decisive action to address it before then.

That article means they are seriously in the shit.

 

[Bluemoonbaldboy]

They do have money to spend...Yes the remaining Tranny money. Once thats gone firesale aint long off.

 

[bugsyblue]

United will never go under but the good news is it means that perhaps for the next 10 years or so they will only be buying one player a year until they get their debt under control. Also they are very susceptible to large bids for their 1st team players. I imagine once Fergie leaves we will see the Glaziers really reign in their spending, but of course we can only speculate.

 

[melman]

happy days

They do have money to spend...Yes the remaining Tranny money. Once thats gone firesale aint long off.

they won't be spending any of that imo. they (the glazers) stopped the ljajic deal last week and that was only for £10m.

those pik debts were mentioned in another thread a few days ago and they're brilliantly ridiculous.

they've got to pay

2013 - £75m
2014 - £150m
2015 - £150m
2016 - £150m

and given that even when they won the league and european cup they 'only' made about £80m profit, where the fuck is that sort of money gonna come from?
given that (a)they've all but stopped spending and (b)that's gonna make results worse and equal less success, and less money.

expect to see a few more of the valued players leave over the next year or too while they've still got any value.

 

[Matty]

The interesting thing will be when Fergie finally decides to retire. He's been at United for over two decades now, the place is set up and run exactly how he wants it. A new manager will want to do things his own way, from match tactics to training and nutritional needs. That's a HUGE change after so long working under one model, it will be interesting to see how they cope with this new challenge, something they'll have no experience of dealing with.

Combine a new manager with reduced spending due to their levels of debt and maybe United won't be as dominant as they currently are.

 

[KenTheLandlord]

The interesting thing will be when Fergie finally decides to retire. He's been at United for over two decades now, the place is set up and run exactly how he wants it. A new manager will want to do things his own way, from match tactics to training and nutritional needs. That's a HUGE change after so long working under one model, it will be interesting to see how they cope with this new challenge, something they'll have no experience of dealing with.

Combine a new manager with reduced spending due to their levels of debt and maybe United won't be as dominant as they currently are.

I would have thought anyone with half a brain, would leave things alone.

 

[bluebarn]

What a great wind up it would be if at the LC Semi we have a new chant where we just stand there slowing repeating Tick Tock Tick Tock!

 

[Matty]

The interesting thing will be when Fergie finally decides to retire. He's been at United for over two decades now, the place is set up and run exactly how he wants it. A new manager will want to do things his own way, from match tactics to training and nutritional needs. That's a HUGE change after so long working under one model, it will be interesting to see how they cope with this new challenge, something they'll have no experience of dealing with.

Combine a new manager with reduced spending due to their levels of debt and maybe United won't be as dominant as they currently are.

I would have thought anyone with half a brain, would leave things alone.

They're not going to give Mike Phelan (or for that matter Queiroz of MacLaren when they were there) the job once Fergie has gone, it's going to be a big name manager. That manager will come with his own ideas and methods, they are what he's used to using and what he's comfortable using, it's the way he will have gained whatever success he's already had, and it's the way he'll want to go with in the future. Managers are, by nature, an arrogant bunch who feel they know best and they can get the right results by implementing their methods, there's no way someone will simply come in and pick up Fergies template.

 

[RickPower83]

if someone bought us out, someone will buy united out eventually too. qatar is where the new money is coming from now... just a matter of time i guess

 

[KenTheLandlord]

I would have thought anyone with half a brain, would leave things alone.

They're not going to give Mike Phelan (or for that matter Queiroz of MacLaren when they were there) the job once Fergie has gone, it's going to be a big name manager. That manager will come with his own ideas and methods, they are what he's used to using and what he's comfortable using, it's the way he will have gained whatever success he's already had, and it's the way he'll want to go with in the future. Managers are, by nature, an arrogant bunch who feel they know best and they can get the right results by implementing their methods, there's no way someone will simply come in and pick up Fergies template.

like i said, someone with half a brain would.