Rag trade

[bluemonkey71]

Pmsl

 

[irishblue59]

Interesting this. Just been checking their accounts and their freehold property is valued at around £250m. This includes the swamp, Carrington, The Cliff and other bits and pieces. So it's not unreasonable to suppose that the Swamp & Carrington are worth around £220m.

Yep, they've definitely sold them I reckon. Brilliant. Going to be mayhem when that one finally hits the papers.

how do u have their accounts ?

 

[laserblue]

Interesting this. Just been checking their accounts and their freehold property is valued at around £250m. This includes the swamp, Carrington, The Cliff and other bits and pieces. So it's not unreasonable to suppose that the Swamp & Carrington are worth around £220m.

Yep, they've definitely sold them I reckon. Brilliant. Going to be mayhem when that one finally hits the papers.

great piece of detective work pb & your logic stands up. i hope this is right so we can all sit back & enjoy the gorefest in ragworld.

 

[Prestwich_Blue]

Interesting this. Just been checking their accounts and their freehold property is valued at around £250m. This includes the swamp, Carrington, The Cliff and other bits and pieces. So it's not unreasonable to suppose that the Swamp & Carrington are worth around £220m.

Yep, they've definitely sold them I reckon. Brilliant. Going to be mayhem when that one finally hits the papers.

how do u have their accounts ?

The accounts for the last three years, plus a load of other details, were shown in the bond offer document so I looked the freehold property figures up in that. Some very interesting stuff in there.

 

[mrbelfry]

I really hope they've sold old scaffold. Supposing they've sold it who would buy it and for what purpose? Would it be purely to charge united rent?

 

[Rammy Blue]

Interesting this. Just been checking their accounts and their freehold property is valued at around £250m. This includes the swamp, Carrington, The Cliff and other bits and pieces. So it's not unreasonable to suppose that the Swamp & Carrington are worth around £220m.

Yep, they've definitely sold them I reckon. Brilliant. Going to be mayhem when that one finally hits the papers.

Wouldn't it just be so very funny if one of Sheikh Mansour's companies had bought the swamp.

Oh, how we would laugh.

 

[Prestwich_Blue]

I really hope they've sold old scaffold. Supposing they've sold it who would buy it and for what purpose? Would it be purely to charge united rent?

One possibility is that the Glazers might have bought it. Sounds strange I know but I think they've set up a separate company, transferred the swamp into it and set up a financial chain that will see the cash pile in the rags bank account make its way to their company in order to repay the loan they've taken out to pay off the PIK notes.

The rent they receive then goes straight into their pockets, which is another device for taking yet more money out. Plus they get to keep it, whatever happens to the rags.

 

[fbloke]

I really hope they've sold old scaffold. Supposing they've sold it who would buy it and for what purpose? Would it be purely to charge united rent?

One possibility is that the Glazers might have bought it. Sounds strange I know but I think they've set up a separate company, transferred the swamp into it and set up a financial chain that will see the cash pile in the rags bank account make its way to their company in order to repay the loan they've taken out to pay off the PIK notes.

The rent they receive then goes straight into their pockets, which is another device for taking yet more money out. Plus they get to keep it, whatever happens to the rags.

And lets not forget the chance to charge maintenance and management fees hither,and where they feel like it thither!

 

[Jacob333]

Interesting this. Just been checking their accounts and their freehold property is valued at around £250m. This includes the swamp, Carrington, The Cliff and other bits and pieces. So it's not unreasonable to suppose that the Swamp & Carrington are worth around £220m.

Yep, they've definitely sold them I reckon. Brilliant. Going to be mayhem when that one finally hits the papers.

Old Trafford was included as part of the Bond offering so they couldn't borrow anything against it or sell it as far as I can remember.

There's a few rumours about the Qatar Royal family being interested in buying them and they were the ones who had a bid knocked back last year, maybe the money has come from them. Whatever is going on it looks like they are not going to be in any trouble and if they do get bought out then we are all fucked.

 

[Prestwich_Blue]

Interesting this. Just been checking their accounts and their freehold property is valued at around £250m. This includes the swamp, Carrington, The Cliff and other bits and pieces. So it's not unreasonable to suppose that the Swamp & Carrington are worth around £220m.

Yep, they've definitely sold them I reckon. Brilliant. Going to be mayhem when that one finally hits the papers.

Old Trafford was included as part of the Bond offering so they couldn't borrow anything against it or sell it as far as I can remember.

Yes they can. The bond prospectus says so on page 22.