Rammy Blue
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scousemanc said:
Spain?
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Rags in financial trouble?
- Thread starter Prestwich_Blue
- Start date
Spain?
M
M
mat
Guest
They'll become our Real Madrid.
Wouldn't be surprised if our government bailed them out "For the good of the Britsh economy"
Wouldn't be surprised if our government bailed them out "For the good of the Britsh economy"
mike channon´s windmill
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PB - do you think there could be a fookin huge iceberg that MUFC/Glazers know of but are clearly in denial about?
Prestwich_Blue
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They have to repay the bonds in 5 years time and they've been paying off some here and there but it's a choice between doing that and buying players. The bonds aren't like a loan where you pay interest and capital.<br /><br />-- Sat Jan 14, 2012 9:16 am --<br /><br />waspish said:I read somewhere that all debt will be gone by 2018 even so if worse comes to the worse for the scum I can see Murdock giving them the dosh on the quite
There's certainly one and that's Baconface retiring (or even worse, something happening to him before he retires). If any new manager can't repeat his success and they drop out the top 4 then they're truly fucked.mike channon´s windmill said:PB - do you think there could be a fookin huge iceberg that MUFC/Glazers know of but are clearly in denial about?
There may well be another hidden behind the protection from disclosure they get in Delaware.
MCC
Well-Known Member
Prestwich_Blue said:They have to repay the bonds in 5 years time and they've been paying off some here and there but it's a choice between doing that and buying players. The bonds aren't like a loan where you pay interest and capital.waspish said:I read somewhere that all debt will be gone by 2018 even so if worse comes to the worse for the scum I can see Murdock giving them the dosh on the quite
-- Sat Jan 14, 2012 9:16 am --
There's certainly one and that's Baconface retiring (or even worse, something happening to him before he retires). If any new manager can't repeat his success and they drop out the top 4 then they're truly fucked.mike channon´s windmill said:PB - do you think there could be a fookin huge iceberg that MUFC/Glazers know of but are clearly in denial about?
There may well be another hidden behind the protection from disclosure they get in Delaware.
As much as I would love to see that and them do a Leeds, it realistically is not going to happen. Even if they appoint Frank Clark as their next manager and don`t qualify for the Champions League for the next 3 years, they are a global brand and rake in the Pat Cash.
bluemoondays
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It's well disclosed they owe £440m and they (somehow) paid off the PIKs for £250m. As a total they owe circa £700m because I'm damn sure the Glazers don't see the PIK debt as "theirs", rather just the whole debt as belonging to the club.
In 2017/18 they have to pay back the bonds, think of it like an interest only mortgage, up to now they are only paying the interest and the capital is still sat there needing payment. In some ways it's quite a risky strategy because they are relying on the club still being worth at least £700m in in 2018. They are relying on the club making operating profits on the same scale they are now to make refinancing attractive to investors. Historically it's always been a safe bet but if the club has a couple of years out of the CL then they will almost certainly not get the refinancing they need in 2018.
A huge amount hinges on the rags continuing for the next 4-5 years doing what they have done for the last 19-20, a reasonably good bet but with the upsurge of City, Spurs, possibly Liverpool (debatable) then it's maybe not so good a bet as in previous years. It used to be 4 in 4 going into the CL, there's every chance now it could be 4 in 6. Add to that Slur Alex retiring, spending big occasionally but on relatively untried youngsters (only one reason for that imo, wages) and there has got to be question marks over them continuing to achieve.
In 2017/18 they have to pay back the bonds, think of it like an interest only mortgage, up to now they are only paying the interest and the capital is still sat there needing payment. In some ways it's quite a risky strategy because they are relying on the club still being worth at least £700m in in 2018. They are relying on the club making operating profits on the same scale they are now to make refinancing attractive to investors. Historically it's always been a safe bet but if the club has a couple of years out of the CL then they will almost certainly not get the refinancing they need in 2018.
A huge amount hinges on the rags continuing for the next 4-5 years doing what they have done for the last 19-20, a reasonably good bet but with the upsurge of City, Spurs, possibly Liverpool (debatable) then it's maybe not so good a bet as in previous years. It used to be 4 in 4 going into the CL, there's every chance now it could be 4 in 6. Add to that Slur Alex retiring, spending big occasionally but on relatively untried youngsters (only one reason for that imo, wages) and there has got to be question marks over them continuing to achieve.
The lack of any buyer for the club is indicative of the fact that all of these 'ifs' and 'buts' make them a bad buy at the top of the market.
I would think that even the likes of Qatar would be willing to wait 3 or 4 years to save £1/2bn
I would think that even the likes of Qatar would be willing to wait 3 or 4 years to save £1/2bn