United thread 2012/13 (inc merged IPO thread)

[Marvin]

OK the £75m which goes to Man Utd is used to buy back bonds and reduce their interest bill - it's still improves their financial position even if it's not cash in the bank.

 

[city chief is back]

Re: MEN POST

We shouldn't kick a man while he's down but could someone ask them how Rock of Gibraltar is getting on at stud for me. I can't post on the MEN site from work.

Stands and claps :)

 

[Rammyblues]

Andy Green@andersred
With 26% of #GM owned by the US Federal Govt maybe Congress will ask some questions about this #MUFC shirt deal?

I take it we have chewed the fat over this one and its implications. If we have please ignore if not, things seem to be happening all the time in ragworld. Hahahahahah.

 

[SWP's back]

OK the £75m which goes to Man Utd is used to buy back bonds and reduce their interest bill - it's still improves their financial position even if it's not cash in the bank.

It will take two years for the reduction of interest to make up for the set up costs and they will now be paying 35% tax instead of 27%.

It doesn't help Man Utd's finances really marvin. It helps the Glaziers though.

 

[Marvin]

OK the £75m which goes to Man Utd is used to buy back bonds and reduce their interest bill - it's still improves their financial position even if it's not cash in the bank.

It will take two years for the reduction of interest to make up for the set up costs and they will now be paying 35% tax instead of 27%.

It doesn't help Man Utd's finances really marvin. It helps the Glaziers though.

Still clears £75m of debt

 

[Rammyblues]

Just goes to show that they are really a financial jugganaut and no matter how much the Glazers cream off the proceeds they look as though they are able to carry on regardless. The only thing that would concern me is if the Glazers were forced into a corner that they had to sell completely that would really put the club back to where it was. They the glazers have benefited from only having one manager who has been prudent with transfer fees since they took over. He has always managed to offload the crap for over the top fees to his cronnies. It would be interesting to see how they would manage if they didn't have Baconface there.

 

[bluemanc]

Have they moved the company that owns the rag shares from Delaware OR have they just moved the 10%they are selling??

 

[Challenger1978]

Just goes to show that they are really a financial jugganaut and no matter how much the Glazers cream off the proceeds they look as though they are able to carry on regardless. The only thing that would concern me is if the Glazers were forced into a corner that they had to sell completely that would really put the club back to where it was. They the glazers have benefited from only having one manager who has been prudent with transfer fees since they took over. He has always managed to offload the crap for over the top fees to his cronnies. It would be interesting to see how they would manage if they didn't have Baconface there.

The shop would be closed though lol

 

[Prestwich_Blue]

OK the £75m which goes to Man Utd is used to buy back bonds and reduce their interest bill - it's still improves their financial position even if it's not cash in the bank.

It will take two years for the reduction of interest to make up for the set up costs and they will now be paying 35% tax instead of 27%.

It doesn't help Man Utd's finances really marvin. It helps the Glaziers though.

Still clears £75m of debt

It does but that's less than 20% of their total debt and barely impacts cash flow. In 5 years time they've still got to find £350m and unless the shares appreciate significantly they can't do this again.

It's essentially a token gesture by the Glazers but it fools no one.

 

[Rammyblues]

In 5 years time they've still got to find £350m and unless the shares appreciate significantly they can't do this again.

Are we talking

1) Glazers sell up completely

2) Fire sale on players

3) The team have got to maintain there position in league, CL and be "sucessful" in eyes of the fans and punters alike.

4) Increased revenue streams through sponsorship, naming rights to stadia and the like over next five years to pay the debt down. You are talking 70m each and every year from profits to do that, won't leave much scope for squad improvements which they will need to do without the Wizzard. This will be driven very much by 3) above.