mindmyp's_n_q's
Well-Known Member
Re: It's Going up, It's Going Down, It's erm.... Flatlining
They will have had that amount however it is just the way that their accounts work it is the highest figure they can use.
It could read hypothetically the next day.
As of July 1st 2012 (now we have paid some bills) we had approximately £20 million of cash and cash equivalents.
It's all accounting bullshit (not blue accountants)<br /><br />-- Mon Aug 13, 2012 11:41 pm --<br /><br />
The fact that we are discussing the deal and you are mentioning their name is an example of the exposure they have already had out of it.
As for why they have paid upfront I would imagine it because the glazers needed it and that they will have had parties willing to pay that amount in the wings.
jrb said:Prestwich_Blue said:Be lucky to have £60m (with S/T money) in the 2012 accounts I reckon. That's compared to the £120-150m they've had in previous years.jrb said:From what I'm led to believe and have read, United have £70mill in cash, plus £40mill from season ticket sales?
Not crossing swords with you PB as you would cut me to ribbons on the subject matter. ;-)
The guff relating to the share offer stated.
As of June 30, 2012, we had approximately £70 million of cash and cash equivalents and approximately £437 million of borrowings outstanding.
I'm s*** at guessing and maths, but 52,000 season tickets x by £800(average), gives roughgly £40mill.(depending on...)
That's where the £110mill figure comes from.
Obviously I stand corrected. Feel free.
They will have had that amount however it is just the way that their accounts work it is the highest figure they can use.
It could read hypothetically the next day.
As of July 1st 2012 (now we have paid some bills) we had approximately £20 million of cash and cash equivalents.
It's all accounting bullshit (not blue accountants)<br /><br />-- Mon Aug 13, 2012 11:41 pm --<br /><br />
The Future's Blue said:Q: Whe are Chevvy paying the Rags 18 mil for the next 2 seasons when they are getting no frontline exposure?
A. Backhander, I guess!
Well done Chevvy, I'll never touch a product you'll ever have an alliance with.
The fact that we are discussing the deal and you are mentioning their name is an example of the exposure they have already had out of it.
As for why they have paid upfront I would imagine it because the glazers needed it and that they will have had parties willing to pay that amount in the wings.