Rag Debt in today's Times

[padgey]

Good

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.

 

[padgey]

That's why they're getting Sol Campbell on a free. They had the nerve to dig us out about not getting Eto'o or Kaka when there transfer policy is to buy Owen and Campbell, weren't they Englands best players in France 98... What a joke !!

 

[Gary James]

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

The difference is that City could be improved so anyone investing in the Blues had a reasonable opportunity to see their investment pay off. With United the future isn't so bright. Even if United continued to succeed at the level they have in the last 2 decades there would be little scope for a serious investor to make much out of the club.

Other sides like Liverpool and to some extent Everton offer much more to potential investors because it would be relatively cheap to buy them, and there's significant scope for improvement (new ground etc.).

Utd's debt are a serious issue for them and in terms of worldwide marketing United really have gone further than most other sides and so offer less potential. If City find success as well then Utd's future profitability would be questionable.

 

[shortagain]

Why do we spend so much time worrying about the filth, we should concern ourselves with Manchester City and nothing else. The filth cannot influence our future, the filth fans are getting excited about us as we are now a genuine threat. Let them worry about us!

 

[hotdogz]

They go bust, the Glazers are black listed, the club is then sold off paying SOME of the debts, like Leeds did. They pay about 50p in the £

They'l be better off once bust than they are now.

 

[Bluemoonbaldboy]

Re: happy days

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.

Storys at the time the made an operating profit of £60 million that year yet overall debt went UP £40 million

 

[hotdogz]

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

The difference is that City could be improved so anyone investing in the Blues had a reasonable opportunity to see their investment pay off. With United the future isn't so bright. Even if United continued to succeed at the level they have in the last 2 decades there would be little scope for a serious investor to make much out of the club.

Other sides like Liverpool and to some extent Everton offer much more to potential investors because it would be relatively cheap to buy them, and there's significant scope for improvement (new ground etc.).

Utd's debt are a serious issue for them and in terms of worldwide marketing United really have gone further than most other sides and so offer less potential. If City find success as well then Utd's future profitability would be questionable.

They never ran into debt untill the Glazers came and bought them with it.

They were a PLC, gave around £40mil a year to them plus bought the players each year they did.

It's only the debt that means they're not profitable, once that's cleared ( by going into admin then sold ) the new owners will make a killing. They'l of gotton it for half price. That's why nobody will buy them directly from the Glazers, because they'l want to atleast clear the debts with the cash.

 

[smeeagain]

i wouldnt get too excited about their downfall
if wealthy arabs bought man city basically as a plaything then i,m certain theres a similar nutter wanting them too

 

[bluevengence]

i wouldnt get too excited about their downfall
if wealthy arabs bought man city basically as a plaything then i,m certain theres a similar nutter wanting them too

I SMELL A RAG

 

[Marvin]

Think it's safe to assume that the Glazers have other assets

If necessary they could always sell the club, and there would be loads of interest