United 2016/17

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That £408m is net debt, which is gross debt minus cash at bank. One reason it's gone up is because they'll have less cash now than they had in June. The other reason is that the debt is in dollars and as the pound has gone down v the dollar, the sterling value of the debt goes up. Their actual gross debt is now probably heading towards about £600m based on relative exchange rates.
 
Prestwich_Blue said:
That £408m is net debt, which is gross debt minus cash at bank. One reason it's gone up is because they'll have less cash now than they had in June. The other reason is that the debt is in dollars and as the pound has gone down v the dollar, the sterling value of the debt goes up. Their actual gross debt is now probably heading towards about £600m based on relative exchange rates.
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Referees ain't cheap...
 
Prestwich_Blue said:
That £408m is net debt, which is gross debt minus cash at bank. One reason it's gone up is because they'll have less cash now than they had in June. The other reason is that the debt is in dollars and as the pound has gone down v the dollar, the sterling value of the debt goes up. Their actual gross debt is now probably heading towards about £600m based on relative exchange rates.
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BBC article has now been changed to include reference to the debt increasing but still leaves the question as to why it wasn't there in the first place.
Since the BBC moved to Salford it's become more Raggish than ever.
 
jaigurugoat said:
BBC article has now been changed to include reference to the debt increasing but still leaves the question as to why it wasn't there in the first place.
Since the BBC moved to Salford it's become more Raggish than ever.
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So it doesn't leave the question as we all know the answer! :)
 
waspish said:
Lets say the next tv deal drops by a billion how would this effect all the clubs who budget to the tv money?
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Each club would lose an average of about £15-20m a season if you're talking about a 3 year deal, it wouldn't kill any of the larger clubs (and the smaller ones like Burnley/Bournemouth seem to be more cautious with costs) but it would restrict spending - that's enough money for each club to fund a KDB-size deal.
 
waspish said:
Lets say the next tv deal drops by a billion how would this effect all the clubs who budget to the tv money?
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your right

and when the Brexit hits the single market the pound is going to be hit hard and with the premier league any new tv deal will have to be in £pounds so value for money it will be lower than this last tv deal. but selling it to europe and the world will have all-sorts of tax add on's that will give less to clubs

the player transfer market is next and the pound will be shocking for selling clubs to europe and i can see a new tax on players wages also
 
I know nothing about high finance (or even low finance for that matter!), but if all that translates as 'trouble-ahead-for-the-verminous-bastards-at-the-swamp' then I am overjoyed. If it doesn't, tell me something else that will cause the scum serious problems (financial or otherwise) because Joy and I like being Over.
 
aguero93:20 said:
Each club would lose an average of about £15-20m a season if you're talking about a 3 year deal, it wouldn't kill any of the larger clubs (and the smaller ones like Burnley/Bournemouth seem to be more cautious with costs) but it would restrict spending - that's enough money for each club to fund a KDB-size deal.
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15-20m for a club in debt and that debt rising its an awful lot of money.
 
inchy14 said:
And Celtic haven't lost in 24 league games this season so is this 'magical, best in Europe, unbeaten run', in all competitions or just the league? Either way it's re-writing history to suit a narrative their idiotic masses will lap up.
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And didn't TNS beat some record set by Ajax ?
 
waspish said:
15-20m for a club in debt and that debt rising its an awful lot of money.
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They can absorb it into the existing profit margin though - hence while it might slow their spending, it's not going to be the straw that breaks the camels back.
 
KentBlue said:
I know nothing about high finance (or even low finance for that matter!), but if all that translates as 'trouble-ahead-for-the-verminous-bastards-at-the-swamp' then I am overjoyed. If it doesn't, tell me something else that will cause the scum serious problems (financial or otherwise) because Joy and I like being Over.
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The Rags debt is in the US and is in $. They are generating £ and using it to pay off $ debt. The exchange rate fall is making it harder for them to pay their debts. This will be hurting them bad!

Pound-dollar-daily-since-2006.png
 
Gaudion M said:
The Rags debt is in the US and is in $. They are generating £ and using it to pay off $ debt. The exchange rate fall is making it harder for them to pay their debts. This will be hurting them bad!
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Sweeter than a bar of Cadbury's Flake dipped in chocolate and ice cream and then covered with hundreds and thousands with a layer of candy floss along the top.
 
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