Rag trade

[Balti]

paid out of the familys own pocket according to NW Tonight

If they've sold OT then strictly speaking that could be true. They've just missed the bit about how it got into their pockets in the first place.

just cos they have loaded their shitty club with debt doesn't mean that they themselves are skint too

the club could go bust (hopefully) and their vast personal fortune would remain secure and untouched.....

they've been shamed into this imo

 

[fbloke]

Does anyone know what the price increase for tickets at OT was for this season?

 

[jimbo101]

They will be repaying the PIKs (in the name of Red Ventures, the holding co) but apparently will not be using club funds to do so.
Don't think they have had to utilise any club assets (i.e naming etc) & have probably raised it from some other dubious venture or other. Hence the reluctance to come clean.

What it does mean though is that when the piper comes a calling, the cash cow of utd will have to cough up even more.

 

[Julie]

As far as i understand it from what ive read the Glazers are within their powers to take a dividend of 95 million out of the club but haven't done so, i highly doubt they'd sell the ground to raise the money when plenty of its available for the taking fro the club anyway, i think thats wishful thinking from a few on here.

By all accounts they've financed this move via funds outside of United, they are billionaires as much as people make out they are skint the family is worth a fortune so getting their hands on 220 million isnt really that hard a task, they've removed the most volatile part of the debt without taking a penny from the club to do so, however you try and spin it its only good news for them.

 

[fbloke]

As far as i understand it from what ive read the Glazers are within their powers to take a dividend of 95 million out of the club but haven't done so, i highly doubt they'd sell the ground to raise the money when plenty of its available for the taking fro the club anyway, i think thats wishful thinking from a few on here.

By all accounts they've financed this move via funds outside of United, they are billionaires as much as people make out they are skint the family is worth a fortune so getting their hands on 220 million isnt really that hard a task, they've removed the most volatile part of the debt without taking a penny from the club to do so, however you try and spin it its only good news for them.

If it is so easy for these 'paper' billionaires to get funding why did they a) have to pay north of 16.5% interest on the PIK's? and b) why did they refinance the whole purchase via an expensive (relatively) bond issue that quickly went to junk status?

To say the Glazers can finance things easily is to say the same for Hicks and Gillete who are both very wealthy, apparently.

Add to that the news that their property empire is basically insolvent then spin away 'cos it aint good news for them or United.

 

[twinkletoes]

As far as i understand it from what ive read the Glazers are within their powers to take a dividend of 95 million out of the club but haven't done so, i highly doubt they'd sell the ground to raise the money when plenty of its available for the taking fro the club anyway, i think thats wishful thinking from a few on here.

By all accounts they've financed this move via funds outside of United, they are billionaires as much as people make out they are skint the family is worth a fortune so getting their hands on 220 million isnt really that hard a task, they've removed the most volatile part of the debt without taking a penny from the club to do so, however you try and spin it its only good news for them.

It depends how you define a billionaire.

 

[Julie]

As far as i understand it from what ive read the Glazers are within their powers to take a dividend of 95 million out of the club but haven't done so, i highly doubt they'd sell the ground to raise the money when plenty of its available for the taking fro the club anyway, i think thats wishful thinking from a few on here.

By all accounts they've financed this move via funds outside of United, they are billionaires as much as people make out they are skint the family is worth a fortune so getting their hands on 220 million isnt really that hard a task, they've removed the most volatile part of the debt without taking a penny from the club to do so, however you try and spin it its only good news for them.

It depends how you define a billionaire.

Thats true, obviously they are no Mansour or Abramovich but i do think people on here underestimate such peoples wealth and business acumen, safe to say they know a lot more about finance than anyone on bluemoon or any forum for that matter, they own an american baseball team or some shit like that as well as other stuff we probably know nothing about so im sure a couple of hundred million isn't exactly hard to find for a family apparently worth close to 3 billion.

My point was they wouldn't need to sell the ground when they can easily take 100 million out the club anytime they like should they wish, which is what i assumed they'd do with that cash in the bank gill wets himself over, obviously not, the moneys coming from ventures sources outside of the club, how and what no one knows and probably never will.<br /><br />-- Wed Nov 17, 2010 5:43 pm --<br /><br />

As far as i understand it from what ive read the Glazers are within their powers to take a dividend of 95 million out of the club but haven't done so, i highly doubt they'd sell the ground to raise the money when plenty of its available for the taking fro the club anyway, i think thats wishful thinking from a few on here.

By all accounts they've financed this move via funds outside of United, they are billionaires as much as people make out they are skint the family is worth a fortune so getting their hands on 220 million isnt really that hard a task, they've removed the most volatile part of the debt without taking a penny from the club to do so, however you try and spin it its only good news for them.

If it is so easy for these 'paper' billionaires to get funding why did they a) have to pay north of 16.5% interest on the PIK's? and b) why did they refinance the whole purchase via an expensive (relatively) bond issue that quickly went to junk status?

To say the Glazers can finance things easily is to say the same for Hicks and Gillete who are both very wealthy, apparently.

Add to that the news that their property empire is basically insolvent then spin away 'cos it aint good news for them or United.

I wouldn't read to much into a panorama programme mate, no one knows what functions they have available to them outside of the public domain, its guesswork, all i know is what i read same as the rest, i dont know how they are wiping off the debt without touching the clubs funds but thats whats happening.

 

[fbloke]

It depends how you define a billionaire.

Thats true, obviously they are no Mansour or Abramovich but i do think people on here underestimate such peoples wealth and business acumen, safe to say they know a lot more about finance than anyone on bluemoon or any forum for that matter, they own an american baseball team or some shit like that as well as other stuff we probably know nothing about so im sure a couple of hundred million isn't exactly hard to find for a family apparently worth close to 3 billion.

My point was they wouldn't need to sell the ground when they can easily take 100 million out the club anytime they like should they wish, which is what i assumed they'd do with that cash in the bank gill wets himself over, obviously not, the moneys coming from ventures sources outside of the club, how and what no one knows and probably never will.

You give them far too much credit (unlike the banks ;-) ) and are talking out of your hat when you say that Bluemoon doesnt have people who know there stuff financially.

 

[Julie]

Thats true, obviously they are no Mansour or Abramovich but i do think people on here underestimate such peoples wealth and business acumen, safe to say they know a lot more about finance than anyone on bluemoon or any forum for that matter, they own an american baseball team or some shit like that as well as other stuff we probably know nothing about so im sure a couple of hundred million isn't exactly hard to find for a family apparently worth close to 3 billion.

My point was they wouldn't need to sell the ground when they can easily take 100 million out the club anytime they like should they wish, which is what i assumed they'd do with that cash in the bank gill wets himself over, obviously not, the moneys coming from ventures sources outside of the club, how and what no one knows and probably never will.

You give them far too much credit (unlike the banks ;-) ) and are talking out of your hat when you say that Bluemoon doesnt have people who know there stuff financially.

I doubt anyone on bluemoon has a family fortune approaching 3 billion quid, and im sure such people know a lot more on finance than anyone on here.

 

[fbloke]

You give them far too much credit (unlike the banks ;-) ) and are talking out of your hat when you say that Bluemoon doesnt have people who know there stuff financially.

I doubt anyone on bluemoon has a family fortune approaching 3 billion quid, and im sure such people know a lot more on finance than anyone on here.

Thats perhaps where you misread things?

I know of at least one Bluemooner who has funds well in excess of £100m under his management.

How much do you need for it to make you an expert though?

Do the rules change dramatically once you go beyond £10m, £50m?

A very close friend and buisness associate of mine banks at Coutts, will his knowledge do?