Rags Debt - Daily Mail & Panorama [Merged]

[Balti]

There should be a cap on transfer fees. That cap should be set by the much loved 'Sir' Alex Baconface. Whatever his budgetary limit is should become the maximum permissible by law internationally. Everyone else should only be allowed to spend a percentage of that based on the number of trophies that they have won since $ky was formed with a coefficient ratio recognition factor based on your comparative clubs wealth at the time that ManUre sold out to the stock market. This would ensure that the rags could keep up a pretence of continuing to be a big wealthy club now that they've managed to run their business into the ground.

Disagree with you mate, Baconface should be the sole arbiter of what is good value or not for any transfer and if he says it isn't you can't buy him. Simples just let him be in charge of the whole transfer system. (Arf)

that works too but don't forget his commission ;-)

 

[jrb]

It's not looking good for the Norwich City fans or the Panorama programme.

This weeks edition of Crains.

 

[J-Bay Blue]

It's not looking good for the Norwich City fans or the Panorama programme.

This weeks edition of Crains.

Whoa - my patented financial bullshit alert meter has just gone off the scale.

Businesses do not go bust due to lack of turnover or the fact that they might make accounting losses - they go bust because they run out of cash and cannot meet their short-term obligations to creditors (people they owe money to.)
Once the liabilities exceeed the assets, they are technically bankrupt, and under certain circumstances may not continue trading.

The articles quoted that purport to show that the Glazer's situation may not be too bad quote turnover figures and assets.

What about the operating profit, cash flow and libilities?

THOSE are the things that banks and analysts will concentate on, from a risk management point of view.

If 44% of your properties have a rental yield less than the interest payments, then your cashflow is under strain - you need to cross subsidise these properties.
It is the same as renting out your house for 1,000 pounds when the mortgage payment is 1,500.

If United were listed on the stock exchange with their current financing model and debt and cashflow obligations, they would be a counter that analysts describe as a "dog with fleas".

Any one of the following events would most probably cause a crisis in the club - possibly meltdown:

-Baconface dies, becomes too ill to work, or resigns
- United fail to make top 4
-Unitied fail to win anythng
-Attendance at home games starts to dramatically reduce
-Commercial revenue drops off badly
- 3 or 4 key players receive srious or long-term injuries.

The probablility of one or more of the above events happening within the next year or two is certainly not zero!

Tick tock!

 

[C_T_I_D]

It's not looking good for the Norwich City fans or the Panorama programme.

This weeks edition of Crains.

Whoa - my patented financial bullshit alert meter has just gone off the scale.

Businesses do not go bust due to lack of turnover or the fact that they might make accounting losses - they go bust because they run out of cash and cannot meet their short-term obligations to creditors (people they owe money to.)
Once the liabilities exceeed the assets, they are technically bankrupt, and under certain circumstances may not continue trading.

The articles quoted that purport to show that the Glazer's situation may not be too bad quote turnover figures and assets.

What about the operating profit, cash flow and libilities?

THOSE are the things that banks and analysts will concentate on, from a risk management point of view.

If 44% of your properties have a rental yield less than the interest payments, then your cashflow is under strain - you need to cross subsidise these properties.
It is the same as renting out your house for 1,000 pounds when the mortgage payment is 1,500.

If United were listed on the stock exchange with their current financing model and debt and cashflow obligations, they would be a counter that analysts describe as a "dog with fleas".

Any one of the following events would most probably cause a crisis in the club - possibly meltdown:

-Baconface dies, becomes too ill to work, or resigns
- United fail to make top 4
-Unitied fail to win anythng
-Attendance at home games starts to dramatically reduce
-Commercial revenue drops off badly
- 3 or 4 key players receive srious or long-term injuries.

The probablility of one or more of the above events happening within the next year or two is certainly not zero!

Tick tock!

It'd be a hilarious if the "protestors" killed off their own club wouldn't it?

 

[Prestwich_Blue]

Finally got round to watching this over the weekend. The thing that made me laugh was that fat hypocrite Whelan solemnly telling us that football needs to get its house in order and live within its means. This is presumably a different Dave Whelan to the one that owns Wigan, where wages are 90% of revenue and who are only kept afloat by an interest free loan from him (why not convert it to shares Dave?) and bank facilities personally guaranteed by him.

Here's a report on the Bucs:

There is another story out questioning the financial stability of the Glazers and this time the report is not from England.

Michael Ozanian, national editor for Forbes.com, is reporting the Tampa Bay Buccaneers value has slipped within a year. Here is the link to the story Value Of Tampa Bay Buccaneers Sinking

“Malcolm Glazer’s Tampa Bay Buccaneers need to repair their ship before it sinks. Last year we valued the franchise at almost $1.1 billion but the value will fall well below $1 billion when we update our rankings in September. An NFL executive told me today that for the first time in several years the Buccaneers fell out of the top 10 in the league in revenue in 2009. The team told the St. Pete Times that for the first time in 15 years some of their games will probably be blacked out in their local market. The season ticket waiting has essentially evaporated. Buc fans are angry at the lack of money being spent on players. Some blame Glazer’s highly leveraged purchase of Manchester United. It does not matter if that is true. What matters is that is what fans think is true. The Glazer family needs to plug this hole before it takes the Bucs down.”

 

[1_barry_conlon]

Whoa - my patented financial bullshit alert meter has just gone off the scale.

Businesses do not go bust due to lack of turnover or the fact that they might make accounting losses - they go bust because they run out of cash and cannot meet their short-term obligations to creditors (people they owe money to.)
Once the liabilities exceeed the assets, they are technically bankrupt, and under certain circumstances may not continue trading.

The articles quoted that purport to show that the Glazer's situation may not be too bad quote turnover figures and assets.

What about the operating profit, cash flow and libilities?

THOSE are the things that banks and analysts will concentate on, from a risk management point of view.

If 44% of your properties have a rental yield less than the interest payments, then your cashflow is under strain - you need to cross subsidise these properties.
It is the same as renting out your house for 1,000 pounds when the mortgage payment is 1,500.

If United were listed on the stock exchange with their current financing model and debt and cashflow obligations, they would be a counter that analysts describe as a "dog with fleas".

Any one of the following events would most probably cause a crisis in the club - possibly meltdown:

-Baconface dies, becomes too ill to work, or resigns
- United fail to make top 4
-Unitied fail to win anythng
-Attendance at home games starts to dramatically reduce
-Commercial revenue drops off badly
- 3 or 4 key players receive srious or long-term injuries.

The probablility of one or more of the above events happening within the next year or two is certainly not zero!

Tick tock!

It'd be a hilarious if the "protestors" killed off their own club wouldn't it?

Quite a few rags i know have steadily not renewed their ST's over the last few years but this season seems to be the watershed as i only know one who has renewed. Mostly due to the cost and their current personal circumstances rather than an anti-Glazer stance.

 

[samharris]

It'd be a hilarious if the "protestors" killed off their own club wouldn't it?

Quite a few rags i know have steadily not renewed their ST's over the last few years but this season seems to be the watershed as i only know one who has renewed. Mostly due to the cost and their current personal circumstances rather than an anti-Glazer stance.

2 scenario's..

1. I cant afford to renew due to the Credit cruch.
2. I refuse to renew due to the boycott.


Instant excuse..just add water and dilute to taste. :)