Pigeonho
Well-Known Member
Re: United Report Loss of £83.6m
And ours was £121m?m27 said:
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United Report Loss of £83.6m (Merged)
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persvenality cult
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Re: United Report Loss of £83.6m
that's an important point.
amateur rags will tell you, they've made 100m profit, it's only the Glazer's who are making them lose money.
that's not how it works. the operating profit doesn't include the amortisations and so forth that every organisation has to write down.
they haven't spent 180m on interest payments.
amongst other things, part of that loss will be writing down the value of the aging squad.
from the headlines it appears they might have broken even, turned a minor profit, without the shocking interest payments.
but if the Glazer's had never arrived, they would still be capitalised on the stock market, which is (more or less) just another form of debt that has to be serviced.
instead of an interest payments, they'd be paying a dividend.
Operating profit is just an indication of one aspect of how a business performs.
that's an important point.
amateur rags will tell you, they've made 100m profit, it's only the Glazer's who are making them lose money.
that's not how it works. the operating profit doesn't include the amortisations and so forth that every organisation has to write down.
they haven't spent 180m on interest payments.
amongst other things, part of that loss will be writing down the value of the aging squad.
from the headlines it appears they might have broken even, turned a minor profit, without the shocking interest payments.
but if the Glazer's had never arrived, they would still be capitalised on the stock market, which is (more or less) just another form of debt that has to be serviced.
instead of an interest payments, they'd be paying a dividend.
m27
Well-Known Member
Re: United Report Loss of £83.6m
Surely you're not comparing Pidge?
We all know our owners are cash rich while the Glazers certainly aren't.
Pigeonho said:And ours was £121m?m27 said:No.
They made a loss of 83 million. That's the bottom line as I understand it.
Surely you're not comparing Pidge?
We all know our owners are cash rich while the Glazers certainly aren't.
Pigeonho
Well-Known Member
Re: United Report Loss of £83.6m
Not comparing no, the opposite infact. They lost all that without a mass spending spree, yet we only lost £40m more with a mass spree? What are they losing it on?!m27 said:Pigeonho said:And ours was £121m?
Surely you're not comparing Pidge?
We all know our owners are cash rich while the Glazers certainly aren't.
laserblue
Well-Known Member
Re: United Report Loss of £83.6m
the good sheikh will convert the loss into equity so - hey presto - no loss at all. the rags can't do this because, unlike our owners, the glazers are investing fuck all into the club.
Pigeonho said:And ours was £121m?m27 said:No.
They made a loss of 83 million. That's the bottom line as I understand it.
the good sheikh will convert the loss into equity so - hey presto - no loss at all. the rags can't do this because, unlike our owners, the glazers are investing fuck all into the club.
Citizen_Ando
Well-Known Member
Re: United Report Loss of £83.6m
<a class="postlink" href="http://www.bbc.co.uk/news/business-11499023" onclick="window.open(this.href);return false;">http://www.bbc.co.uk/news/business-11499023</a>
Tick tock....
<a class="postlink" href="http://www.bbc.co.uk/news/business-11499023" onclick="window.open(this.href);return false;">http://www.bbc.co.uk/news/business-11499023</a>
Tick tock....
CITY FOR LIFE
Well-Known Member
Re: United Report Loss of £83.6m
The doom and gloom of a wet and windy day in Yorkshire has just been lifted :)
The doom and gloom of a wet and windy day in Yorkshire has just been lifted :)
Braggster
Well-Known Member
Re: United Report Loss of £83.6m
Ehhh...sort of, but the dividend payment is not deducted from p&l, and in any case their dividend never exceeded around £7m per annum, which is a far cry from the obligatory financing costs they face in their current double glazered capital structure
Chick Counterfly said:Operating profit is just an indication of one aspect of how a business performs.
that's an important point.
amateur rags will tell you, they've made 100m profit, it's only the Glazer's who are making them lose money.
that's not how it works. the operating profit doesn't include the amortisations and so forth that every organisation has to write down.
they haven't spent 180m on interest payments.
amongst other things, part of that loss will be writing down the value of the aging squad.
from the headlines it appears they might have broken, even turned a minor profit without the shocking interest payments.
but if the Glazer's had never arrived, they would still be capitalised on the stock market, which is (more or less) just another form of debt that has to be serviced.
instead of an interest payments, they'd be paying a dividend.
Ehhh...sort of, but the dividend payment is not deducted from p&l, and in any case their dividend never exceeded around £7m per annum, which is a far cry from the obligatory financing costs they face in their current double glazered capital structure
Uber Blues
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- 17 Sep 2009
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- 1,110
Re: United Report Loss of £83.6m
The operating profit would have been great if they did'nt have such masive debt and associated commitments. Once the 'operating profit' is used to write down the other debts, thats when you arrive at your bottom line, ie huge loss!
Its a bit like having savings in you bank of 25k, but still owing 125k on your house. The reality is you are 100k in debt, and you still have to support that debts interest and associated charges rolling forward.
They are in the shit plain and simple!
The operating profit would have been great if they did'nt have such masive debt and associated commitments. Once the 'operating profit' is used to write down the other debts, thats when you arrive at your bottom line, ie huge loss!
Its a bit like having savings in you bank of 25k, but still owing 125k on your house. The reality is you are 100k in debt, and you still have to support that debts interest and associated charges rolling forward.
They are in the shit plain and simple!