Rag trade

[BoyBlue_1985]

Well I wouldn't get giddy if I were you. I've just checked and the bond offer documents specifically allow the sale and leaseback of your ground and training ground. That's the only conceivable way they're going to get their hands on £200m of readies.

No wonder they're being tight lipped about the source of the funds. The GAY boys are going to flip when this finally comes out (as it will in the next accounts).

The original thread(s) on the bond issue make it very clear that the Glazers have a lot of power to change United beyond all recognition.

Imagine them drawing the full £70+m per year they are allowed. That would leave nothing for transfers or infrastructure development.

Imagine if they sold the ground (leaseback) in order to pay off their own personal debt.

Imagine a training ground that they have to rent annually as it was partof a deal to pay one years interest payments.

Imagine a second string team running out for a mid table fixture with 30,000 seats empty.

Imagine a new manager taking over from SAF whilst all that goes on.

Imagine all of that happening and the Glazers still being in power.

And now try to stop smiling.

Yeah but dreams rarely come true

 

[ssg2]

Well I wouldn't get giddy if I were you. I've just checked and the bond offer documents specifically allow the sale and leaseback of your ground and training ground. That's the only conceivable way they're going to get their hands on £200m of readies.

No wonder they're being tight lipped about the source of the funds. The GAY boys are going to flip when this finally comes out (as it will in the next accounts).

The original thread(s) on the bond issue make it very clear that the Glazers have a lot of power to change United beyond all recognition.

Imagine them drawing the full £70+m per year they are allowed. That would leave nothing for transfers or infrastructure development.

Imagine if they sold the ground (leaseback) in order to pay off their own personal debt.

Imagine a training ground that they have to rent annually as it was partof a deal to pay one years interest payments.

Imagine a second string team running out for a mid table fixture with 30,000 seats empty.

Imagine a new manager taking over from SAF whilst all that goes on.

Imagine all of that happening and the Glazers still being in power.

And now try to stop smiling.

Imagine indeed, jesus just pick anything out of thin air and imagine.

 

[Prestwich_Blue]

Here it is on Page 22 of the Offer Document:

The indenture governing the Notes will not prohibit us from selling certain key properties
The indenture governing the Notes will limit our ability to sell or transfer, but not prohibit us from selling or transferring, our training ground facilities and our stadium. Although in the sale or transfer of any of these properties, the transferee will be required to enter into a longterm lease with us to enable us to continue to have substantially the same access to such property as we currently do, if we sell or transfer either or both of these properties, we will no
longer control them.

 

[BoyBlue_1985]

Here it is on Page 22 of the Offer Document:

The indenture governing the Notes will not prohibit us from selling certain key properties
The indenture governing the Notes will limit our ability to sell or transfer, but not prohibit us from selling or transferring, our training ground facilities and our stadium. Although in the sale or transfer of any of these properties, the transferee will be required to enter into a longterm lease with us to enable us to continue to have substantially the same access to such property as we currently do, if we sell or transfer either or both of these properties, we will no
longer control them.

So this is a definate then then Prestwich

 

[ssg2]

Here it is on Page 22 of the Offer Document:

The indenture governing the Notes will not prohibit us from selling certain key properties
The indenture governing the Notes will limit our ability to sell or transfer, but not prohibit us from selling or transferring, our training ground facilities and our stadium. Although in the sale or transfer of any of these properties, the transferee will be required to enter into a longterm lease with us to enable us to continue to have substantially the same access to such property as we currently do, if we sell or transfer either or both of these properties, we will no
longer control them.

I'm not saying it can't happen but it won't happen. They will be gone within 12 months

 

[Prestwich_Blue]

Here it is on Page 22 of the Offer Document:

The indenture governing the Notes will not prohibit us from selling certain key properties
The indenture governing the Notes will limit our ability to sell or transfer, but not prohibit us from selling or transferring, our training ground facilities and our stadium. Although in the sale or transfer of any of these properties, the transferee will be required to enter into a longterm lease with us to enable us to continue to have substantially the same access to such property as we currently do, if we sell or transfer either or both of these properties, we will no
longer control them.

I'm not saying it can't happen but it won't happen. They will be gone within 12 months

I agree there would be uproar but who's going to get rid of them? And if they do go they will take Old Trafford with them while you continue to rent it from them. That's exactly what the former chairman of Mansfield did (and York as well as a few other clubs). And there's nothing illegal about it.

My understanding is that Carrington has definitely gone (although that wouldn't raise £20m let alone £200m) but that was easy as it wasn't encumbered by any charges over it.

 

[bluemonkey71]

they will be gone within 12 months

The fans or the glazers?

 

[fbloke]

Here it is on Page 22 of the Offer Document:

The indenture governing the Notes will not prohibit us from selling certain key properties
The indenture governing the Notes will limit our ability to sell or transfer, but not prohibit us from selling or transferring, our training ground facilities and our stadium. Although in the sale or transfer of any of these properties, the transferee will be required to enter into a longterm lease with us to enable us to continue to have substantially the same access to such property as we currently do, if we sell or transfer either or both of these properties, we will no
longer control them.

I'm not saying it can't happen but it won't happen. They will be gone within 12 months

Why are you so, so certain of that?

Surely anything anyone on here says on the actions of the Glazers is in the main speculation?

 

[Ballet On Ice]

The original thread(s) on the bond issue make it very clear that the Glazers have a lot of power to change United beyond all recognition.

Imagine them drawing the full £70+m per year they are allowed. That would leave nothing for transfers or infrastructure development.

Imagine if they sold the ground (leaseback) in order to pay off their own personal debt.

Imagine a training ground that they have to rent annually as it was partof a deal to pay one years interest payments.

Imagine a second string team running out for a mid table fixture with 30,000 seats empty.

Imagine a new manager taking over from SAF whilst all that goes on.

Imagine all of that happening and the Glazers still being in power.

And now try to stop smiling.

Yeah but dreams rarely come true

If Carlsberg did football fiance

 

[bluemonkey71]

I think Uncle Malc should be knighted if he's sold the stadium..