Rag trade

[Prestwich_Blue]

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,

The statement only said they hadn't taken the dividend at that time. Nothing to stop them getting short term finance then taking it in a few weeks.

They also need to think about repayment of the bonds. £500m is not a paltry sum and they'll need to find another £400m over the next six years.

 

[fbloke]

Stripping back to basics (and Jules assuming they have an ounce of financial sense) when they bought United they did so with expensive lines of credit - that alone suggests that they were something of a risk for many financial institutions to play ball.

If they had £200m in cash tucked away why has it taken them (lets remember they are according to some, extremely wealthy and sharp operators) 5 years to get rid of that debt?

After all, on basic maths, they have allowed themselves to rack up a further £175m app' in interest alone.

Of course I am just a numb Bluemooner who knows nowt about finance.

But the little I do know is that what they did (assuming they had the cash) is tantamount to business suicide.

 

[hooter]

So the conspiracy theory includes the United states government now, interesting.

Stop trying to be a smart arce !!!

What I am trying to get at is if they have borrowed money (Legit) how can we all be sure it has come from someone who is deemed fit and proper to have a share in a football club???

So how do you do that without prying into personal accounts, the Glazers are well known decent business men, or is it because they are Uniteds owners they should be treated differently?

 

[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,

The statement only said they hadn't taken the dividend at that time. Nothing to stop them getting short term finance then taking it in a few weeks.

They also need to think about repayment of the bonds. £500m is not a paltry sum and they'll need to find another £400m over the next six years.

I made that very point way back.

The wording could be significant as they could, theoretically draw about £200m out of United in the next 12 calendar months - they can time this to look either bad, or very bad indeed.

 

[Prestwich_Blue]

The statement only said they hadn't taken the dividend at that time. Nothing to stop them getting short term finance then taking it in a few weeks.

They also need to think about repayment of the bonds. £500m is not a paltry sum and they'll need to find another £400m over the next six years.

I made that very point way back.

The wording could be significant as they could, theoretically draw about £200m out of United in the next 12 calendar months - they can time this to look either bad, or very bad indeed.

They deffo aren't going to do it just before publishing accounts. These buggers have got something to hide and they're going to hold on to it as long as they can.

 

[glen quagmire]

Stop trying to be a smart arce !!!

What I am trying to get at is if they have borrowed money (Legit) how can we all be sure it has come from someone who is deemed fit and proper to have a share in a football club???

So how do you do that without prying into personal accounts, the Glazers are well known decent business men, or is it because they are Uniteds owners they should be treated differently?

A rag standing up for the glazers.............................is that why you're here? Are you not welcome at the sad cafe?

 

[tolmie's hairdoo]

They had cash reserves of £160m in bank.

An allowance of a one-off £70m draw down from the recent bond issue.

Added to the usual £40m they take out on an annual basis for interest charges, not to mention sale and lease back options.

It's amazing how £220m comes together.

All the same, United will continue to live hand to mouth until which time they are sold.

 

[Bobbins]

Stop trying to be a smart arce !!!

What I am trying to get at is if they have borrowed money (Legit) how can we all be sure it has come from someone who is deemed fit and proper to have a share in a football club???

So how do you do that without prying into personal accounts, the Glazers are well known decent business men, or is it because they are Uniteds owners they should be treated differently?

No one should be treated any differently!! They should just have to show/prove the source of their finances. After all it has to be a bit suss when you take out a loan and pay massive interest charges only to pay the loan off in cash a few years later!!!! At the end of the day the loan they have paid off is the one which they used to purchase Manure, any restructure or refinance or as we now have the paying off of said debt should be given scrutiny!!

I would have thought a rag like yourself would want to no the source of the new found wealth !!!! I mean you wouldn't want another assett stripping yank smouching up on the blind side would you !!!!

 

[fbloke]

They had cash reserves of £160m in bank.

An allowance of a one-off £70m draw down from the recent bond issue.

Added to the usual £40m they take out on an annual basis for interest charges, not to mention sale and lease back options.

It's amazing how £220m comes together.

All the same, United will continue to live hand to mouth until which time they are sold.

You are forgetting that they have done this without drawing form United's reserves, apparently.

So they have surely financed it in some form.

 

[Prestwich_Blue]

They had cash reserves of £160m in bank.

An allowance of a one-off £70m draw down from the recent bond issue.

Added to the usual £40m they take out on an annual basis for interest charges, not to mention sale and lease back options.

It's amazing how £220m comes together.

All the same, United will continue to live hand to mouth until which time they are sold.

You are forgetting that they have done this without drawing form United's reserves, apparently.

So they have surely financed it in some form.

Payday Loans?

They haven't actually paid it yet. Not until Monday.