Rag Debt in today's Times

[Didsbury Dave]

and it cannot increase anymore without each club being able to negotiate individual TV rights.

As the internet grows and grows, though, when that does eventually happen - and I believe it will - the money will come absolutely rolling in. Imagine if/when they can sell 10 million people round the world every game for £5.

 

[ssg2]

and it cannot increase anymore without each club being able to negotiate individual TV rights.

As the internet grows and grows, though, when that does eventually happen - and I believe it will - the money will come absolutely rolling in. Imagine if/when they can sell 10 million people round the world every game for £5.

This is exactly what they were planning on and its not worked so far and I don't see it happening in the short term.
I agree that things don't look great at the moment but talk of bankruptcy etc is way off the mark.
I've seen a lot of comments about a new owner "wanting a return on his investment", does anyone in football, especially the big clubs make a return on their investments?

There are still some very very wealthy people in the world who would happily buy united just for the status of owning united.
I wouldn't be surprised one bit to see someone for Qatar make a move in the next 12 months and try anf force the galzers hand to cut their losses and go.
The current debt they are trying to renegotiate is their own personal debt and not secured against united.

 

[gary111]

Rags in debt







comical ;)

 

[Neville Kneville]

The best scenario is that the Glazers stay in control, struggling to finance the debt each year & just about keeping their heads above water. If it all goes tits up, someone will buy them out, put money into the team & they'll be hard to shift. As it is now with the Glazers struggling, they could be like Liverpool in 2 years time relying on one or two players to get them into the top 4, plus Ferguson will retire/die & they'll get some big mouthed wanker like many of you lot want at City, blowing all their remaining funds on Steve Sidwell & shite, coke snorting, centre forwards.

 

[Prestwich_Blue]

The current debt they are trying to renegotiate is their own personal debt and not secured against united.

Not quite right my friend. It's only not secured against the club because they've run out of things to secure it against, having pledged all the tangibles assets (i.e. OT and Carrington) as well as future season ticket income, against the bank loans.

Therefore they had to give personal guarantees against this debt, which is different from it being their personal debt. The terms of the PIK notes set out certain financial targets that the club has to meet. If not then the Hedge Funds that provided the notes have the ability to appoint directors to the board and take control of some of the shares.