Rags Debt - Daily Mail & Panorama [Merged]

[The Fixer]

I guarentee rooney and any big saleable assest will be sold b4 the glazers depaert ot with all proceedings going into the glazers pockets!!

 

[Whitworth warrior]

I guarentee rooney and any big saleable assest will be sold b4 the glazers depaert ot with all proceedings going into the glazers pockets!!

He will be the only one, the rest are shite.

 

[The Fixer]

I guarentee rooney and any big saleable assest will be sold b4 the glazers depaert ot with all proceedings going into the glazers pockets!!

He will be the only one, the rest are shite.

Evra must admit he's a class player, vidic both them would fetch 50 mill plus rooney 90 mill, straight in their back pocket ans still earn a huge fee for any sale.

 

[lloydie]

@ WW
ask the mods to change your username, it's provocative as hell and as you can prob tell it winds me up, you've already stated you regret it

 

[Prestwich_Blue]

That opened a can of worms, the future don't look bright for the Glazers, they may be forced to sell United while the going is good, season tickets uptake is down by a third, the protests seems to be working.

Oh dear, oh dear. Are you being deliberately stupid?

What the Glazers could get for the rags would probably not clear their debts. They have to stay and take out as much cash as they can to clear the PIK notes. Then, in 2017 (or possibly a year or two earlier depending on the early repayment terms on the PIK notes) they might think about selling.

But there's £500m of bonds that have to be repaid in 2017 as well and unless any buyer has the cash to do that then it's yet more debt for the next few years.

And if there is an impact on the club's financial position and they fail to meet certain targets then the 3 funds that provided the finance for the PIK notes have the right of foreclosure over the shares. So you will be owned by a bunch of sharks in $1000 suits who care even less about you than the Glazers and who will sell anything they can to get their money back.

 

[Whitworth warrior]

He will be the only one, the rest are shite.

Evra must admit he's a class player, vidic both them would fetch 50 mill plus rooney 90 mill, straight in their back pocket ans still earn a huge fee for any sale.

So Ferguson did buy class players on the cheap?, that's a first.

-- Thu Jun 10, 2010 9:09 am --

That opened a can of worms, the future don't look bright for the Glazers, they may be forced to sell United while the going is good, season tickets uptake is down by a third, the protests seems to be working.

Oh dear, oh dear. Are you being deliberately stupid?

What the Glazers could get for the rags would probably not clear their debts. They have to stay and take out as much cash as they can to clear the PIK notes. Then, in 2017 (or possibly a year or two earlier depending on the early repayment terms on the PIK notes) they might think about selling.

But there's £500m of bonds that have to be repaid in 2017 as well and unless any buyer has the cash to do that then it's yet more debt for the next few years.

And if there is an impact on the club's financial position and they fail to meet certain targets then the 3 funds that provided the finance for the PIK notes have the right of foreclosure over the shares. So you will be owned by a bunch of sharks in $1000 suits who care even less about you than the Glazers and who will sell anything they can to get their money back.

I'm thinking about Father Ted, when he's explaining to Dougal about reality.

-- Thu Jun 10, 2010 9:13 am --

@ WW
ask the mods to change your username, it's provocative as hell and as you can prob tell it winds me up, you've already stated you regret it

Mods, please change my name to hoot, I'm known by that name on a few(many) football forums.

 

[The Pink Panther]

He will be the only one, the rest are shite.

Evra must admit he's a class player, vidic both them would fetch 50 mill plus rooney 90 mill, straight in their back pocket ans still earn a huge fee for any sale.

If it's a fire sale, no one will pay that kind of money.
Vidic isn't all he's cracked up to be. He's good player but look what happens now when he plays against Torres.
Evra, again good player
Rooney, well he does carry the rags now.

Who's got £90M to spend on Rooney? Only Real Madrid (who are always bailed out by the Spanish government, however they're skint now) and us. But as I said, if it's a fire sale

Does anyone know how long is left on the contracts of Vidic and Evra?

 

[Dubai Blue]

Evra must admit he's a class player, vidic both them would fetch 50 mill plus rooney 90 mill, straight in their back pocket ans still earn a huge fee for any sale.

If it's a fire sale, no one will pay that kind of money.
Vidic isn't all he's cracked up to be. He's good player but look what happens now when he plays against Torres.
Evra, again good player
Rooney, well he does carry the rags now.

Who's got £90M to spend on Rooney? Only Real Madrid (who are always bailed out by the Spanish government, however they're skint now) and us. But as I said, if it's a fire sale

Does anyone know how long is left on the contracts of Vidic and Evra?

I assume he meant £90m for all three of them. There's not a chance anyone with a brain in their head would pay £90m just for Granny Shagger.

 

[Prestwich_Blue]

Oh dear, oh dear. Are you being deliberately stupid?

What the Glazers could get for the rags would probably not clear their debts. They have to stay and take out as much cash as they can to clear the PIK notes. Then, in 2017 (or possibly a year or two earlier depending on the early repayment terms on the PIK notes) they might think about selling.

But there's £500m of bonds that have to be repaid in 2017 as well and unless any buyer has the cash to do that then it's yet more debt for the next few years.

And if there is an impact on the club's financial position and they fail to meet certain targets then the 3 funds that provided the finance for the PIK notes have the right of foreclosure over the shares. So you will be owned by a bunch of sharks in $1000 suits who care even less about you than the Glazers and who will sell anything they can to get their money back.

I'm thinking about Father Ted, when he's explaining to Dougal about reality.

Probably easier than explaining it to a united fan.

 

[Whitworth warrior]

I'm thinking about Father Ted, when he's explaining to Dougal about reality.

Probably easier than explaining it to a united fan.

Fair point, we do seem to only see the good things about our team.