Rag trade

[fbloke]

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.

Good old Ocean Finance then?

 

[Blue Mooner]

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.

Hit the nail on the head why 'borrow' £220 million for 5 years at punitive interest rates (indicating that this is a high risk loan) if you already have the money instantly available and sloshing around in investments and accounts ? It's a sure fire way to diminish your wealth for precisely f*ck all - well less than f*ck all !

I'm sorry but only the rags would be able to get away with this and this move by the Glazers is definitely related to the financial fair play - which in itself is a ridiculous term - as far from levelling the playing field its a sure fire way of ensuring that the rich clubs stay at the top.

They have financed this some other way and need to come clean.

Any other club and the media would be all over this like a rash but nothing at all so far from our beloved media !

 

[Bluemoon115]

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.

Hit the nail on the head why 'borrow' £220 million for 5 years at punitive interest rates (indicating that this is a high risk loan) if you already have the money instantly available and sloshing around in investments and accounts ? It's a sure fire way to diminish your wealth for precisely f*ck all - well less than f*ck all !

I'm sorry but only the rags would be able to get away with this and this move by the Glazers is definitely related to the financial fair play - which in itself is a ridiculous term - as far from levelling the playing field its a sure fire way of ensuring that the rich clubs stay at the top.

They have financed this some other way and need to come clean.

Any other club and the media would be all over this like a rash but nothing at all so far from our beloved media !

I'm sorry but, as you're not a multi billionaire, you know nothing about finance.

And that's what a woman said.

 

[Ballet On Ice]

The report says that they hadn't taken a dividend at that time. lets not forget that they haven,t paid the loan of yet.

So they are going to pay a couple of hundred million out of there own cash and not want anything for it.

Oh look at that pig flying by

At that time they might not have taken any cash, but come Monday there noses will be so deep into the trough you will only be able to see the soles of their shoes

 

[Swales Bails]

The Glazers bought Neville's old sofa and found it stuffed down the back, it was in an envelope marked "Weasel faced ratboy rentboy earnings".

 

[Rammy Blue]

Just caught up on this, proper good stuff.

I love Agent Malc and his boys.....

 

[mike channon´s windmill]

We not got any moles at the FT or the WSJ? Me thinks this is a matter of public interest

 

[lloydie]

The report says that they hadn't taken a dividend at that time. lets not forget that they haven,t paid the loan of yet.

So they are going to pay a couple of hundred million out of there own cash and not want anything for it.

Oh look at that pig flying by

At that time they might not have taken any cash, but come Monday there noses will be so deep into the trough you will only be able to see the soles of their shoes

The facility to call on the cash reserve and the £70m allowed to them under the bond issue are NOT dividends. Semantics perhaps but I wouldn't put it past them to play such a card.

 

[fbloke]

The report says that they hadn't taken a dividend at that time. lets not forget that they haven,t paid the loan of yet.

So they are going to pay a couple of hundred million out of there own cash and not want anything for it.

Oh look at that pig flying by

At that time they might not have taken any cash, but come Monday there noses will be so deep into the trough you will only be able to see the soles of their shoes

The facility to call on the cash reserve and the £70m allowed to them under the bond issue are NOT dividends. Semantics perhaps but I wouldn't put it past them to play such a card.

You can't say that just 'cos they are Jewish!!! ;-)

 

[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.