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Rags Debt - Daily Mail & Panorama [Merged]
- Thread starter edgecroft
- Start date
cant spell-dont care
Well-Known Member
- Joined
- 27 Jan 2009
- Messages
- 1,384
Re: Daily Mail: Glazers £1.1Billion in Debt
TBH i think thats probably bollox.
I like how when a city player is reported to be unhappy its imidiatly disimissed at media rubish but somthing like this is taken for gospal
TBH i think thats probably bollox.
I like how when a city player is reported to be unhappy its imidiatly disimissed at media rubish but somthing like this is taken for gospal
S04
Well-Known Member
Re: Daily Mail: Glazers £1.1Billion in Debt
Erm, no..not if a spokesman for the Glazer have confirmed the debt.
You can all say what you want but if the Glazers are cash-strapped they are living dangerously in todays financial world.
As for the rags..well, it bodes not well for them.
cant spell-dont care said:TBH i think thats probably bollox.
I like how when a city player is reported to be unhappy its imidiatly disimissed at media rubish but somthing like this is taken for gospal
Erm, no..not if a spokesman for the Glazer have confirmed the debt.
You can all say what you want but if the Glazers are cash-strapped they are living dangerously in todays financial world.
As for the rags..well, it bodes not well for them.
Re: Daily Mail: Glazers £1.1Billion in Debt
I dont care if its true or not, mud sticks and we have had plenty of it over the years, seeing them fuckers in the shit is a joy to behold..
cant spell-dont care said:TBH i think thats probably bollox.
I like how when a city player is reported to be unhappy its imidiatly disimissed at media rubish but somthing like this is taken for gospal
I dont care if its true or not, mud sticks and we have had plenty of it over the years, seeing them fuckers in the shit is a joy to behold..
Why Always Ste
Well-Known Member
Re: Daily Mail: Glazers £1.1Billion in Debt
Will rags be banned from the champs league?
probably not....
Remember people: one rule for us, another rule for them
They'll still be up there, splashing the cash
Will rags be banned from the champs league?
probably not....
Remember people: one rule for us, another rule for them
They'll still be up there, splashing the cash
cucumberman
Well-Known Member
- Joined
- 4 Jul 2009
- Messages
- 5,072
Re: Daily Mail: Glazers £1.1Billion in Debt
if they get banned from chimps league which is highly unlikely, which team will move into the last cl spot? ;-)
Too late this year but Ban them for next year i say.
if they get banned from chimps league which is highly unlikely, which team will move into the last cl spot? ;-)
Too late this year but Ban them for next year i say.
S04
Well-Known Member
Re: Daily Mail: Glazers £1.1Billion in Debt
Ah, somehow I think that money will be rather tight at OT..the club itself is making money, for now that is. So they will not be banned from anything.
But I think they are finding out that when you are at the top in so called brand-name merchandising and similar, you hit a revenue peak that´s almost impossible to sustain forever.
Other clubs will catch up, make marquee signings, find new sources of wealth etc.
SteSteez said:Will rags be banned from the champs league?
probably not....
Remember people: one rule for us, another rule for them
They'll still be up there, splashing the cash
Ah, somehow I think that money will be rather tight at OT..the club itself is making money, for now that is. So they will not be banned from anything.
But I think they are finding out that when you are at the top in so called brand-name merchandising and similar, you hit a revenue peak that´s almost impossible to sustain forever.
Other clubs will catch up, make marquee signings, find new sources of wealth etc.
Bobby4Mayor
Well-Known Member
Re: Daily Mail: Glazers £1.1Billion in Debt
Very true point. They're revenue streams are just about maximized, they make just about as much money as they possibly can. This means to even up, they'll have to cut expenses. There's nothing I'd like to see more than Baconface and Baconface jr. squaring up against each other in League 2 football :)
S04 said:SteSteez said:Will rags be banned from the champs league?
probably not....
Remember people: one rule for us, another rule for them
They'll still be up there, splashing the cash
Ah, somehow I think that money will be rather tight at OT..the club itself is making money, for now that is. So they will not be banned from anything.
But I think they are finding out that when you are at the top in so called brand-name merchandising and similar, you hit a revenue peak that´s almost impossible to sustain forever.
Other clubs will catch up, make marquee signings, find new sources of wealth etc.
Very true point. They're revenue streams are just about maximized, they make just about as much money as they possibly can. This means to even up, they'll have to cut expenses. There's nothing I'd like to see more than Baconface and Baconface jr. squaring up against each other in League 2 football :)
Re: Daily Mail: Glazers £1.1Billion in Debt
In fairness, that extra £400m debt is on the Glazers personally, not the rags. To be more precise, if it's mortgages on their shopping mall businesses, it's on other businesses of theirs. The only way they could transfer that debt onto United would be to take out a huge loan to pay off the mortgages, then secure the loan in United's name, but you'd both know that was coming from a mile off with all the news that would generate, and it's entirely possible that the banks would reject the loan anyway due to United's increasingly obvious inability to pay all the interest on their debt, meaning any such attempt to transfer that debt is almost certainly not going to happen. Were the rags to find a buyer, the buyer would unlikely be liable for that extra debt.
It just means that Glazer is personally screwed also, and will be dipping his hands in the money jar constantly to save his own skin.
S04 said:cant spell-dont care said:TBH i think thats probably bollox.
I like how when a city player is reported to be unhappy its imidiatly disimissed at media rubish but somthing like this is taken for gospal
Erm, no..not if a spokesman for the Glazer have confirmed the debt.
You can all say what you want but if the Glazers are cash-strapped they are living dangerously in todays financial world.
As for the rags..well, it bodes not well for them.
In fairness, that extra £400m debt is on the Glazers personally, not the rags. To be more precise, if it's mortgages on their shopping mall businesses, it's on other businesses of theirs. The only way they could transfer that debt onto United would be to take out a huge loan to pay off the mortgages, then secure the loan in United's name, but you'd both know that was coming from a mile off with all the news that would generate, and it's entirely possible that the banks would reject the loan anyway due to United's increasingly obvious inability to pay all the interest on their debt, meaning any such attempt to transfer that debt is almost certainly not going to happen. Were the rags to find a buyer, the buyer would unlikely be liable for that extra debt.
It just means that Glazer is personally screwed also, and will be dipping his hands in the money jar constantly to save his own skin.
Harry Godwin
Well-Known Member
- Joined
- 15 Dec 2008
- Messages
- 623
Re: Daily Mail: Glazers £1.1Billion in Debt
This is probably the most relevant quote out of the entire story.
The programme Man Utd - Into the Red centres on the Glazers' ailing shopping-mall empire, run by their company First Allied Corporation, and is based on the findings of City analyst Andy Green, a United supporter who has joined the anti-Glazer green and gold campaign.
This is probably the most relevant quote out of the entire story.