Rags Saved? r.e Bond issue

[Pam]

Pam it may be that the Glazers and the sheik bet a pound that they could take the worlds biggest club and turn it into a supermarket and take the worlds biggest calamity club and turn it into the worlds greatest club within a 20 year period.

I reckon you've hit the nail on the head, rammy.

 

[colinbellsboots]

paper over the cracks dosnt mean that the cracks have gone, and when they reveal them selves again the will dwarf what has been evident of recent times, the club is still in a piddle without a paddle.

 

[law74]

Hate to say it,but some big consortium of business men is bound to buy the fuckers out sooner or later.

I have heard and read many Blues come out with this, but I do not understand why they think that any person that is a hard enough nosed businessman to have accumulated enough wealth to be able to finance the purchase of the rags would be interested, where would they increase the incoming revenue to pay the debts never mind the investment needed to keep a squad of over the hill has beens at the top table?

THEY ARE DOOMED.
TICK TOCK

 

[mike channon´s windmill]

With all the apparently untapped oil reserves Venezuela has it seems Hugo Chavez might be their "white knight" ;-)

 

[phil333]

At the end of the bond issue when they need to be repaid can't they just sell some more bonds and pay off the first lot of bonds. I still think their fucked as they will not even be paying off their full interest (unless they sell players) never mind capital repayments and investment in the squad will have to be self funding similar to arsernal. I can see them start to sell some of their star players soon slowly replacing them with young hit/miss potential players. Dropping out of the champions league is going to see things really start to go tits up.

There only way out would be to double their income or have someone buy them with substantial funds.

 

[mat]

<a class="postlink" href="http://free-loops.com/download-free-loop-7410.html" onclick="window.open(this.href);return false;">http://free-loops.com/download-free-loop-7410.html</a>

 

[samharris]

Hate to say it,but some big consortium of business men is bound to buy the fuckers out sooner or later.

I have heard and read many Blues come out with this, but I do not understand why they think that any person that is a hard enough nosed businessman to have accumulated enough wealth to be able to finance the purchase of the rags would be interested, where would they increase the incoming revenue to pay the debts never mind the investment needed to keep a squad of over the hill has beens at the top table?

THEY ARE DOOMED.
TICK TOCK

Surely a consortium of astute megga rich businessmen would have stepped in already..seems strange that the debt is getting higher by the day yet these so called saviours are nowhere to be seen..

Maybe they are waiting for the debt to get to a billion b4 taking over..keep things simple like.. :)

 

[Prestwich_Blue]

In a nutshell, the debt (potentially £1.1bn) is greater than the value of the club at the moment (£900m). If I were thinking of buying them, I would wait until the PIK notes had been substantially cleared.

Plus I'd also want to see what happened with Baconface's successor as this could significantly affect their performance on the field, reducing their revenue and affecting the value of the club.

 

[MANCIO4EVER]

I'm breaking my own rule by making a Rag thread, but fuck it.

<a class="postlink" href="http://news.bbc.co.uk/1/hi/business/8475317.stm" onclick="window.open(this.href);return false;">http://news.bbc.co.uk/1/hi/business/8475317.stm</a>

Manchester United raise £504m in bond issue
Old Trafford
Manchester United was bought by the Glazers in 2005

Manchester United have successfully raised £504m through a bond issue, which will cover most of what the club owe to international banks.

The deal means the Premier League club will be able to pay off nearly all their outstanding debts of £509m.

They will face an annual interest bill of £45m a year on the bonds.

The sale comes after figures showed debts at the club's parent firm, Red Football Joint Venture, rose to £716.5m ($1.17bn) in the year to June 2009.

The bond was sold in two tranches, one of £250m with a coupon rate - or interest rate - to bond holders of 8.75%, and another tranche of $425m with a coupon rate of 8.375%.

However, unlike the debt at present secured against the club, the seven-year bonds will not mature until 1 February 2017.

The annual interest bill on the bonds is close to the £41.2m in interest paid in the last financial year.

But by converting the money owed to banks into a bond, it means the club will be free of the potentially strict financial conditions imposed by lenders.

On Thursday, it was confirmed that the club had signed a three-year sponsorship deal with Turkish Airlines to take over as the club's official carrier.

Anyone know what the fuck it means?

It means that Pirates, possibly, had set a clever device to write off big money from rags vallet, throughout some front friends' complaisance. imo

<a class="postlink" href="http://www.guardian.co.uk/football/2010/jan/19/manchester-united-finance-the-glazers" onclick="window.open(this.href);return false;">http://www.guardian.co.uk/football/2010 ... he-glazers</a>

 

[AntMcfc]

From a footballing perspective, this just means less (if any) money for the scum to spend on transfers over the coming years. Great news for us, although I'm not overly bothered about them as we're already the better side and things will stay that way for a long time to come.