Rag Takeover

[fbloke]

Here's my favourite line from a BBC story today.

Some analysts say a figure of £1.6bn may be nearer the asking price, and if the club's £700m debt is added the total could come to more than £2bn.

Read the rest here..

<a class="postlink" href="http://news.bbc.co.uk/1/hi/business/8545504.stm" onclick="window.open(this.href);return false;">http://news.bbc.co.uk/1/hi/business/8545504.stm</a>

 

[ali benarbia's studs]

ha ha has anyone seen the picture of the rags with trophy on bbc football!
it hilarious -the dirty look gary nev is giving evra with the cup....in the backround-priceless!!

 

[Sky Blue]

ha ha has anyone seen the picture of the rags with trophy on bbc football!
it hilarious -the dirty look gary nev is giving evra with the cup....in the backround-priceless!!

I tend not to look at such things. Like it didn't happen.

 

[cibaman]

Here's my favourite line from a BBC story today.

Some analysts say a figure of £1.6bn may be nearer the asking price, and if the club's £700m debt is added the total could come to more than £2bn.

Read the rest here..

<a class="postlink" href="http://news.bbc.co.uk/1/hi/business/8545504.stm" onclick="window.open(this.href);return false;">http://news.bbc.co.uk/1/hi/business/8545504.stm</a>

I think they've got the wrong end of the stick. I've only heard them quoted as worth up to £1.6b on a debt free basis. The debt lowers the value, not inccreases it.

 

[AliceAyres]

Millionaire Businessmen are that for one reason...ruthless and to the point...They are not doing this for love they are doing it for money...probably borrowed.

Unless of course they are a deluded fool like Sheikh Mansoor!

 

[Prestwich_Blue]

Depends how you look at it. "Value" can be worked out as debt plus equity/shareholders funds. On that basis they are probably worth around £1bn strictly speaking.

However "value" is not necessarily what the Glazers will sell at. They put about £270m of their own money in so they'll want a return on that. They have to pay the PIK notes off and that will cost around £275m. Then there's the club debt of £500m plus. That's £1.2bn and counting. and that money will have to come from somewhere, which will involve more dent in the short term.

The plan would presumably be to either float the club on the stock market, putting them back to where they were 5 years ago before the Glazers or for the fans to take control. But if you've paid £1.2bn then 1.2m fans would have to pay £1,000 each.

 

[Balti]

Millionaire Businessmen are that for one reason...ruthless and to the point...They are not doing this for love they are doing it for money...probably borrowed.

Unless of course they are a deluded fool like Sheikh Mansoor!

Or as we like to spell it....Sheikh Mansour. May he live forever.

 

[AliceAyres]

Depends who the investors are of course. Successful business men don't usually plough money into a bottomless pit of a football club with little chance of a return...................oh wait...

 

[mcfcdave]

TO BE HONEST WHY DO WE EVEN CARE ABOUT WHAT THEY DO! I PRETEND THEY DONT EVEN EXIST.WHY SHOULDNT WE GIVE A SHIT ABOUT THEM OR EVEN WRITE ABOUT THEM ON OUR FORUM.WE NEED TO CONSONTRATE ON US AND FORGET THEY EVEN EXIST.

 

[bluevengence]

from the gaurdian... <a class="postlink" href="http://www.guardian.co.uk/football/2010/mar/02/red-knights-manchester-united" onclick="window.open(this.href);return false;">http://www.guardian.co.uk/football/2010 ... ter-united</a>

love these bits about two of the red knights..... "Others believed to be at yesterday's meeting in London included Mike Rawlinson, a partner at the City law firm Freshfields, who advised United on their takeover by the Glazers in 2005" .......top adviser eh!

and...."O'Neill was an outspoken critic of the bond issue despite his investment bank being one of seven underwriting the issue and sharing in £15m in fees. "There's too much leverage going on with Manchester United," he said in January. "It's not a good thing. I'm not a buyer of the bond." .......so he`s already made money out of the bonds and is going back for more

rags thick as shit