mcmanus
Well-Known Member
Julie said:
you might want to talk to BrookslandsBlue2
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Rag trade
- Thread starter Kinky by name
- Start date
you might want to talk to BrookslandsBlue2
bluemonkey71
Well-Known Member
- Joined
- 26 Jan 2009
- Messages
- 7,118
<a class="postlink" href="http://www.forbes.com/lists/2010/10/billionaires-2010_Malcolm-Glazer-family_48ZS.html" onclick="window.open(this.href);return false;">http://www.forbes.com/lists/2010/10/bil ... _48ZS.html</a>
fbloke said:Julie said: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?
100 million is hardly 3 billion is it, does he own a football team and an American baseball or whatever it is they own over there?
As for your close friend, i doubt he knows any more than what he reads same as everyone else, unless he works for the glazers, im sure just like those ive seen on SSN predicting this could be the first sign of a sale for them he could make educated guesses dependent on what he wants to happen, we all can.
Truth is none of us have a clue where the moneys come from, thats the basics of the matter, we can all speculate and of course put forward ideas of what we'd all like to see but end of the day no one knows, will we hear anything next monday when they pay them off?
My original point stands, if yor going to pay off debt and are entitled to 100 million from the club if you intend to use club money why not use it? or even some of it? the fact thyeve not touched a penny is whats dumbfounded many people on this.
The Fixer
Well-Known Member
3 billion? hahahahaha they're worth about 1.4 billion GBP......
bluemoondays
Well-Known Member
- Joined
- 24 Aug 2007
- Messages
- 2,435
As it was their own personal debt (even if secured on the club) they don't have to explain themselves to anyone how they managed to repay it.
It will be interesting to see next years figures to see if any came from the club.
Personally I think they borrowed elswhere at a lower rate, no idea what they would have used as security - maybe Tampa Buccaneers or they got something from their mall business?
However they got it, you can be damn sure they are going to get it back out of the club in some way - even billionaires expect to get back almost £1/4 billion (plus interest) if they have spent it - except ours :-)
They will look at is if they are still owed a minimum of £750m+ so I don't think it will make much difference in the long term apart from probably less interest they will have to pay.
It will be interesting to see next years figures to see if any came from the club.
Personally I think they borrowed elswhere at a lower rate, no idea what they would have used as security - maybe Tampa Buccaneers or they got something from their mall business?
However they got it, you can be damn sure they are going to get it back out of the club in some way - even billionaires expect to get back almost £1/4 billion (plus interest) if they have spent it - except ours :-)
They will look at is if they are still owed a minimum of £750m+ so I don't think it will make much difference in the long term apart from probably less interest they will have to pay.
Without dragging this into further in-depth financial discussion the crux of what im saying is how can them ridding themselves of 220 million of debt that had a mammoth 16.25 interest rate on top of it without using club funds be bad news for them, it just strikes me as pigheaded denial in some cases, no one ive spoken to ever expected them to go bust so its not really a surprise in that sense their major problem was those Payment in kind notes, that PIK debt was the major reason many predicted their downfall in the first place the bond itself isnt that hard to pay (45 million a year isnt it? they make more than double that as it is) the PIK's were the issue that as far as im aware could have spiralled to over 600 million if it were left until the bond expired in 2017, the fact its now taken out of the picture is good news for the club itself.<br /><br />-- Wed Nov 17, 2010 6:11 pm --<br /><br />
Not according to a financial expert on Skysportsnews last night.
The Fixer said:3 billion? hahahahaha they're worth about 1.4 billion GBP......
Not according to a financial expert on Skysportsnews last night.
Surely they will have to come clean sooner or later !!! Wouldn't they have to provide the Premier League with details of were the money has come from ??? It may well be a personal debt but it is a personal debt used to purchase a premier league club !!!!
mcmanus
Well-Known Member
Bobbins said:Surely they will have to come clean sooner or later !!! Wouldn't they have to provide the Premier League with details of were the money has come from ???
Plus the uefa fair play rules
They have done, they said it's out of there own pockets.Bobbins said:Surely they will have to come clean sooner or later !!! Wouldn't they have to provide the Premier League with details of were the money has come from ???
Bobbins said:Surely they will have to come clean sooner or later !!! Wouldn't they have to provide the Premier League with details of were the money has come from ???
My understanding is they'd have to inform the PIK holders and the Bond purchasers, although that may not be the case and even if it is i doubt it'll go beyond that.
Although with it being money used from outside of United they probably dont, in America its allowed to be far more secretive of your financials.