Tick Tock!

[waspish]

The same again next year or worse on the field the debt is only going one way ^^^^^^ up

 

[scousemanc]

My favourite bit is "Manchester City, the new Champions"

 

[bluemonkey71]

I guess part of that 71m is being used to pay off the new loan then?

 

[Manx Blue]

Tick follows tock follows tick follows tock!

Ahab says, 'I don't care who you are, here's to your dream.'
'Here's to you, Ahab'.
And the fat drummer hit the beat with all his heart.

 

[bluemoondays]

http://www.guardian.co.uk/football/2012/may/17/manchester-united-debt-glazers

Manchester United's net debt up by £26m as income falls nearly 6%
• Glazers spend £71m on buyback of bonds and on interest
• United's cash reserves drop from £113m to £25.6m


Manchester United's net debt has risen by £26m and total revenue is down 5.8%, according to quarterly figures released by the club. The figures also reveal that the Glazer family spent the equivalent of more than £250,000 a day – which amounts to Wayne Rooney's weekly salary – on a £71m buyback of bonds and on interest payments over the past nine months.

Critics of the club's American owners argue such money should be spent on buying players and the revelations will cause further anger among fans, who view the heavy leveraging of United by the Glazers as affecting their ability to compete with Manchester City, the new champions, in the transfer market.

While United's accounts say gross debt has dropped by £61.2m from £484.5m to £423.3m, a 12.6% reduction, this is countered by the club's cash falling from £113m to £25.6m – a reduction of £87.4m – meaning the former champions are £26m worse off than 12 months ago.

The 5.8% fall in total revenue – from £75.2m to £70.8m – reflects United's exit from the Champions League at the group stage.

Music to my ears, now if they can just manage to screw up another CL run it'd be fun (plus not qualifying but that's a bit much too hope for ).

 

[Mr Ed (The Stables)]

http://www.guardian.co.uk/football/2012/may/17/manchester-united-debt-glazers

Manchester United's net debt up by £26m as income falls nearly 6%
• Glazers spend £71m on buyback of bonds and on interest
• United's cash reserves drop from £113m to £25.6m


Manchester United's net debt has risen by £26m and total revenue is down 5.8%, according to quarterly figures released by the club. The figures also reveal that the Glazer family spent the equivalent of more than £250,000 a day – which amounts to Wayne Rooney's weekly salary – on a £71m buyback of bonds and on interest payments over the past nine months.

Critics of the club's American owners argue such money should be spent on buying players and the revelations will cause further anger among fans, who view the heavy leveraging of United by the Glazers as affecting their ability to compete with Manchester City, the new champions, in the transfer market.

While United's accounts say gross debt has dropped by £61.2m from £484.5m to £423.3m, a 12.6% reduction, this is countered by the club's cash falling from £113m to £25.6m – a reduction of £87.4m – meaning the former champions are £26m worse off than 12 months ago.

The 5.8% fall in total revenue – from £75.2m to £70.8m – reflects United's exit from the Champions League at the group stage.

Wonderful wonderful news, tick tock tick tock!!

 

[Mr Ed (The Stables)]

They could always sell Bebe...

Part of me says "2 top teams battling it out in Manchester - good for us, the city and good for football".. The other part of me wants to see them destroyed, spend years in the shit like us - League 1, brink of disaster, up and down the divisions, 35 years with nothing... then see how many empty seats there are in the Swamp.

Thats exactly how I feel, although my mate says let them just become a shit premier league side so we can have the next 35 years of taking the piss!!

 

[buckshot]

They could always sell Bebe...

Part of me says "2 top teams battling it out in Manchester - good for us, the city and good for football".. The other part of me wants to see them destroyed, spend years in the shit like us - League 1, brink of disaster, up and down the divisions, 35 years with nothing... then see how many empty seats there are in the Swamp.

No part of me wants to see them continue to battle with City if them sucking and battling relegation is an option.

 

[baldybouncer]

The week just gets better and better!

 

[The Flash]

In the words of Zack De La Rocha and RATM:

"How long? Not long.....cos what you reap, is what you sow"

Ticketty-fooking-tock!!