Ricster
Well-Known Member
That article means they are seriously in the shit.
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Rag Debt in today's Times
- Thread starter Ricster
- Start date
That article means they are seriously in the shit.
Bluemoonbaldboy
Well-Known Member
They do have money to spend...Yes the remaining Tranny money. Once thats gone firesale aint long off.
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.
happy days
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.
they won't be spending any of that imo. they (the glazers) stopped the ljajic deal last week and that was only for £10m.Bluemoonbaldboy said:They do have money to spend...Yes the remaining Tranny money. Once thats gone firesale aint long off.
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
Well-Known Member
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.
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
Well-Known Member
- Joined
- 10 Mar 2009
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- 4,256
Matty said: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.
Matty
Well-Known Member
KenTheLandlord said:Matty said: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
Well-Known Member
- Joined
- 30 Oct 2008
- Messages
- 298
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
Well-Known Member
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Matty said:KenTheLandlord said: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.
Good
Ricster said: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.
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
Well-Known Member
RickPower83 said: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
Well-Known Member
- Joined
- 10 Sep 2009
- Messages
- 91
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!
Bluemoonbaldboy
Well-Known Member
Re: happy days
Storys at the time the made an operating profit of £60 million that year yet overall debt went UP £40 millionmelman said: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.
Gary James said:RickPower83 said: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.
bluevengence
Well-Known Member
smeeagain said: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