Rag Takeover

[samharris]

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!

But the sheikh is a Billionare luv.....Theres a difference, and he is doing it for the money, Have you seen the plans for the redevelopment ?? probably not.

 

[samharris]

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...

like I said, he wants to make City a global brand and then comes the money..The money hes putting in is relatively small change and his...the red knights will be borrowing theirs..

Spot the difference.

 

[poyntonblueboy]

Any rag getting giddy about the "Red Shites" needs to go and read animal farm - the Orwell version not the copy they all have already

ask any farmer, red nights, are always followed by darker days

 

[lloydie]

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...

don't understand why a rag should be on here to follow what's happening about their own club tbh, obsessed? or just a snide ***t making snide comments?

The BBC is usually quite a good source of info, so here'e a bit from Robert Peston to save you the trouble....

Which brings me to an initiative by a senior Goldman Sachs partner and one of London's most successful hedge fund managers to rally to the alleged cause of true Man Utd fans and organise a buyout of Man Utd.

This is one of those "you couldn't make it up" moments.

The heroes of the moment, Jim O'Neill of Goldman and Paul Marshall of Marshall Wace, have made colossal personal fortunes over the past few years thanks to their firms' use of leverage or debt.

There are some who believe that the likes of Goldman and Marshall Wace - even when operating on reduced leverage or borrowing ratios - still pose a threat to the stability of the global economy.

But - apparently - it's the leverage ratios of Man Utd and its stability which is rather more important.

It is also worth noting that although they've mooted a price of £1bn to acquire the club, no detail has been provided about how much of that would be funded by debt and how much by equity.

So Man Utd fans should ask to see the small print before rallying to their cause, because there would be no benefit to them of replacing one debt-heavy financial structure for another.

Also, it's incredibly early days for these buyout plans: there's been one meeting of the putative bidders and a barrage of media hysteria./quote]

 

[blueshortshorts]

question:

Let's suppose the RK's raise circa £600M,
Let's suppose the Glazers do accept circa £400 million cash to go away
Let's suppose they use the reminder to clear of the £200m P.I.K notes
Let's suppose the RK's haven't borrowed this money, and write it off ( as our owners did)

That leaves £500million worth of debt that the club still has to service..@ circa £35 million per year, (and the £500 million is due to be repaid in 7 years time).

What happens if they don't qualify for the Champions League..can they afford to shell out £35 million without that revenue stream?..probably but there isn't going to be any cash for players.

It's a timebomb, because the reality is the RK's can't/won't write off £600 million, and they certainly won't be in a position to repay the bond, so at some stage in the future they are going to have to repackage circa £1 billion of debt.

plus even if they do pull it together how are they ever going to make any money out of this?

makes me chuckle!

 

[mcfc1632]

Please - lets just keep the Glazers it is so much fun - and we only nore 2 more years

 

[Prestwich_Blue]

It's a timebomb, because the reality is the RK's can't/won't write off £600 million, and they certainly won't be in a position to repay the bond, so at some stage in the future they are going to have to repackage circa £1 billion of debt.

The only pragmatic way is to float on the stock exchange and either convert the bonds to equity (shares) in the process or use the proceeds of the float to repay the bonds. That's almost certainly the Glazers' plan once they've paid off the PIK notes.

 

[lazerblue]

when are these thick deluded useless rag twats going to realise the glazers aint selling up until they make some money back

on talkshite earlier they were talkin about how to get rid of the glazers and darren gough said the rag fans should carry on buyin their season tickets but not attend the games and he was serious, absolutely priceless!! love the fellah

 

[Xavvi]

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

But the sheikh is a Billionare luv.....Theres a difference, and he is doing it for the money, Have you seen the plans for the redevelopment ?? probably not.

Are you sure he's a billionaire? I thought he was 'merely' worth billions rather than having them. May be wrong though.

 

[Halfpenny]

when are these thick deluded useless rag twats going to realise the glazers aint selling up until they make some money back

on talkshite earlier they were talkin about how to get rid of the glazers and darren gough said the rag fans should carry on buyin their season tickets but not attend the games and he was serious, absolutely priceless!! love the fellah

What business acumen he possesses.