Rags Saved? r.e Bond issue

mackenzie said:
Rag formerly known as Lemon said:
We are doomed, that is for sure, but just a couple of points on this. Firstly, there's no incentive for the Glazers to sell, they took out considerable personal loans which they intend to use furture earnings of the club to pay off -starting with 70m of the bond money. They were unable to do this under the terms of the previous financial agreement. If they sold now, they'd get approximately what they owe, so there's no value in it for them. While they still own the club, they can keep siphoning money off for their own gains - which is what they are in it for.

In terms of someone (or a consortium) wanting to own the club, I'm sure there would be takers. Bear in mind if you are buying it lock stock and barrel, i.e paying a billion, thus clearing the debts, you're instantly making a profit. United is one of the very few clubs in the world that runs at a profit - at least it would be if it wasn't paying interest on loans, but the kind of people that would be able to buy United for that kind of money wouldn't be in profit, it would be a status symbol.

BTW, I can't reply to PM's under this user name - I assume I need a certain number of posts

Lemon

TOUGH!!!!! (on all counts). ;-)

My biggest fear though is that you will get the kind of benefactor we have.

Are there any out there that could do that?
I'm sure there are, but like I said, it's not in the Glazers interest to sell
 
Rag formerly known as Lemon said:
law74 said:
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
We are doomed, that is for sure, but just a couple of points on this. Firstly, there's no incentive for the Glazers to sell, they took out considerable personal loans which they intend to use furture earnings of the club to pay off -starting with 70m of the bond money. They were unable to do this under the terms of the previous financial agreement. If they sold now, they'd get approximately what they owe, so there's no value in it for them. While they still own the club, they can keep siphoning money off for their own gains - which is what they are in it for.

In terms of someone (or a consortium) wanting to own the club, I'm sure there would be takers. Bear in mind if you are buying it lock stock and barrel, i.e paying a billion, thus clearing the debts, you're instantly making a profit. United is one of the very few clubs in the world that runs at a profit - at least it would be if it wasn't paying interest on loans, but the kind of people that would be able to buy United for that kind of money wouldn't be in profit, it would be a status symbol.

BTW, I can't reply to PM's under this user name - I assume I need a certain number of posts
FFS!Why not sign in under your old username, if you've forgotten it it's Lemon.
People may have their spam filter on, that's probaly why you can't reply to PM's.
 
Prestwich_Blue said:
mr t said:
They're doomed - The Glazers are like leeches. They'll suck all the blood out of the club before it withers and dies.
Let's hope so. Rumours are that the Glazers are strapped for cash generally so it's them or the rags and they won't care what state they leave them in as long as they get what they need.
Exactly - they look like an army of rats and as long as they get the cash to fund the lifestyle they've become accustomed to they won't give a fuck about the scum. They're clutching at straws.
 
Rag formerly known as Lemon said:
I've forgotten my password and have a differnt email address to the one I registered with

Your efforts to get back on here are commendable Lemon.

Well done.

You know it's worth it. ;-)
 
<a class="postlink" href="http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6999775.ece" onclick="window.open(this.href);return false;">http://business.timesonline.co.uk/tol/b ... 999775.ece</a>
Manchester United’s controversial bond issue has cost the Premier League football club £54m, it emerged this weekend.
Bloody ell!if they needed the tranny money to pay off last years interest then how the fuck can they pay off this years interest having paid out £54 million already,shrek anyone ?????
 
bluemanc said:
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6999775.ece
Manchester United’s controversial bond issue has cost the Premier League football club £54m, it emerged this weekend.
Bloody ell!if they needed the tranny money to pay off last years interest then how the fuck can they pay off this years interest having paid out £54 million already,shrek anyone ?????
Have just seen that but you beat me to it. They could have bought Tevez and Berbatov for that. Oh I forgot, Tevez is crap and not worth £25m is he?

Two of Shrek, Evra & Vidic this summer then their only hope is that someone like Valencia turns into a world-beater. At this rate even Moyes will reckon he's financially better off at Everton.
 
Prestwich_Blue said:
bluemanc said:
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article6999775.ece

Bloody ell!if they needed the tranny money to pay off last years interest then how the fuck can they pay off this years interest having paid out £54 million already,shrek anyone ?????
Have just seen that but you beat me to it. They could have bought Tevez and Berbatov for that. Oh I forgot, Tevez is crap and not worth £25m is he?

Two of Shrek, Evra & Vidic this summer then their only hope is that someone like Valencia turns into a world-beater. At this rate even Moyes will reckon he's financially better off at Everton.
It looks like that £50-100 million they have to pay off before they can attack the MASSIVE interest loan just gone up to £150 million.
They may have to take another loan out at this rate.
 

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