United 2016/17

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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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So in other words, they're struggling and no CL this year would be a massive blow.
 
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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Yeah but that debt will be wiped after a couple of months of Pogba shirt sales.
 
Daz_Blue said:
Rob Harris ‏@RobHarris 7m7 minutes ago
Man United blames post-Brexit vote collapse of the pound for debt surging 27% to £409.3m
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Debt up by 27%, the pound hasn't fallen against the dollar by that much since Brexit
Do they think we are all stupid, sorry just realised they are giving their fans a convenient excuse
It's not my fault it's someone else's we are still the biggest and bestis so there
 
Ballet On Ice said:
Debt up by 27%, the pound hasn't fallen against the dollar by that much since Brexit
Do they think we are all stupid, sorry just realised they are giving their fans a convenient excuse
It's not my fault it's someone else's we are still the biggest and bestis so there
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The Glazer's don't care and they have become Arsenal esq in the fact that it's not about winning things, it's about revenue
So long as they're managing the interest payments and still milking a wedge to support their businesses in the US, they're happy
 
apparently not spending as much in the summer. desperate for them not to reach top 4 this season.
 
blue b4 the moon said:
I can never understand how they can operate from there and still comply with FFP.
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David_Gill.jpg
 
Patrick Kielty filling in today for Steve Wright on radio 2 today, speaking to the sports fella after the news at 3pm.

Kielty : " well both our teams have big games this weekend. Utd are flying and are on a great unbeaten run (3 games?). I am so looking forward to our game this weekend."

Sports fella : " yes my team liverpool take on Spurs in a 6 pointer. If they win they go 1 point behind them. I'm excited about it. Off the top of my head, I've forgotten, and I should know but who are Utd playing ?."

Kielty : " I don't know !."

I've paraphrased what Kielty said. He went on about Utd, and of course he knew nothing about the club he 'chose' to support. He then made some self deprecating quip about Utd sealing sixth spot in an effort to deflect away from the fact he had been exposed as just another rag glory hunter with little or no interest in his 'team'.

Does that ring any bells ?.
 
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blue b4 the moon said:
I can never understand how they can operate from there and still comply with FFP.
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All their revenue and expenditure still has to go through the UK based company, then they remit the profits back to the holding company in the Caymans to pay less tax. FFPR don't actually take tax into account, as you can only pay corporation tax on profits and the UK PLC are still paying NI, VAT etc.
 
aguero93:20 said:
All their revenue and expenditure still has to go through the UK based company, then they remit the profits back to the holding company in the Caymans to pay less tax. FFPR don't actually take tax into account, as you can only pay corporation tax on profits and the UK PLC are still paying NI, VAT etc.
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That's fine but isn't the cloak and dagger movement of money eg where the monies appeared from/refinance the PIC's a couple of years ago.

I was going to go on and on but I'd end up posting stuff that would make little or no sense, it just doesn't sit right with me that's all.
 
blue b4 the moon said:
That's fine but isn't the cloak and dagger movement of money eg where the monies appeared from/refinance the PIC's a couple of years ago.

I was going to go on and on but I'd end up posting stuff that would make little or no sense, it just doesn't sit right with me that's all.
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They sold off a load of non preference shares and took out some bonds iirc, nothing fancy, it's the equivalent of remortgaging your house to pay off your credit card bills. The debt is still there but the interest is less and the repayment date is further away, plus they got some cash to play around with. The good news is that they're not making any headway on paying the debt off and interest rates can only go up.
 
aguero93:20 said:
They sold off a load of non preference shares and took out some bonds iirc, nothing fancy, it's the equivalent of remortgaging your house to pay off your credit card bills. The debt is still there but the interest is less and the repayment date is further away, plus they got some cash to play around with. The good news is that they're not making any headway on paying the debt off and interest rates can only go up.
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I think the debt might serve to prevent the Glazers from having to sell.
 
Machiavelli said:
I think the debt might serve to prevent the Glazers from having to sell.
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Not really, they'd probably get €2.5-3bn for the club and the debt stands at €800m or so, that's enough money for them to stick it on an index share fund and retire if they wanted to, so either anyone with the cash thinks (like me) football is coming towards the peak of a bubble and there's no growth potential and the offers aren't there or they actually have no interest in selling, either way it's good news.
 
aguero93:20 said:
Not really, they'd probably get €2.5-3bn for the club and the debt stands at €800m or so, that's enough money for them to stick it on an index share fund and retire if they wanted to, so either anyone with the cash thinks (like me) football is coming towards the peak of a bubble and there's no growth potential and the offers aren't there or they actually have no interest in selling, either way it's good news.
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I shall trust your judgement whilst I raise a glass to the beautiful gorgeous Glazers. God love em xxx
 
Prestwich_Blue said:
LOL.

Interesting that apart from the money from the new PL deal, they've virtually stood still compared to the previous half-year results. But wages and amortisation have shot up. Even if they turn over £530m in the full year, those two items alone will probably eat up over £400m of that.
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I love it when you talk dirty.
 
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