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United thread 2012/13 (inc merged IPO thread)
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BoyBlue_1985
Well-Known Member
Re: United thread 2012/13.
Christ alive im being grilled for a flippant remark, actually 2 flippant remarks. Is everyone gone mad or something today
M18CTID said:BoyBlue_1985 said:Whoops i must of posted in the I Love Mark Hughes thread
Stop being a tart. I got over Hughes' sacking about a day after it happened. It's a shame you're still obsessed with him.
Anyway, show me one shred of evidence that Sturridge left MCFC for Chelsea primarily because Ched Evans was ahead of him in the pecking order.
Christ alive im being grilled for a flippant remark, actually 2 flippant remarks. Is everyone gone mad or something today
Re: United thread 2012/13.
It's National Mad Day you flippant fuck!!
Wibble
BoyBlue_1985 said:M18CTID said:BoyBlue_1985 said:Whoops i must of posted in the I Love Mark Hughes thread
Stop being a tart. I got over Hughes' sacking about a day after it happened. It's a shame you're still obsessed with him.
Anyway, show me one shred of evidence that Sturridge left MCFC for Chelsea primarily because Ched Evans was ahead of him in the pecking order.
Christ alive im being grilled for a flippant remark, actually 2 flippant remarks. Is everyone gone mad or something today
It's National Mad Day you flippant fuck!!
Wibble
Prestwich_Blue
Well-Known Member
Re: United thread 2012/13.
Stop whingeing. You love the attention.BoyBlue_1985 said:M18CTID said:BoyBlue_1985 said:Whoops i must of posted in the I Love Mark Hughes thread
Stop being a tart. I got over Hughes' sacking about a day after it happened. It's a shame you're still obsessed with him.
Anyway, show me one shred of evidence that Sturridge left MCFC for Chelsea primarily because Ched Evans was ahead of him in the pecking order.
Christ alive im being grilled for a flippant remark, actually 2 flippant remarks. Is everyone gone mad or something today
Blue Hefner
Well-Known Member
- Joined
- 11 Jul 2009
- Messages
- 14,627
Re: United thread 2012/13.
Sport
Football
Manchester United
Manchester United file out-of-date accounts for share offer
• Glazers avoid revealing 2011-12 financial performance
• Figures expected to show a decline due to failings in Europe
Share 76
Email
David Conn
guardian.co.uk, Tuesday 10 July 2012 19.15 BST
Manchester United's Champions League final defeat against Barcelona in 2011 will be reflected in the accounts filed with the New York Stock Exchange. Photograph: Tom Jenkins for the Guardian
The Glazer family's timing for floating Manchester United is facing criticism from some analysts who argue the Glazers are deliberately avoiding having to present United's expected decline in financial performance in 2011-12.
The Glazers have filed with the New York Stock Exchange, to float a Manchester United company registered in the Cayman Islands tax haven, United's financial accounts for the year before that, to 30 June 2011. United's income is expected to have suffered a significant decline last year, principally due to Sir Alex Ferguson's team being eliminated from the Champions League at the group stage, whereas in 2011 they earned €53m (£44m) from Uefa after reaching the final.
Presenting accounts more than 12 months old fails to comply with US Securities and Exchange Commission requirements, and United have had to apply for special dispensation to have the out-of date accounts allowed. In a letter dated 3 July, Edward Woodward, United's executive vice-chairman based in London, points out the accounts for United's most recent financial year, to 30 June 2012, are not overdue in the Cayman Islands – "its jurisdiction of incorporation" – or any other country. Having to present the 2011-12 accounts, Woodward claims in the letter, would be: "impractical and involve undue hardship" for United.
United spokesmen both at their Old Trafford offices and representing the Cayman Islands-registered company in New York are not commenting on any aspect of the proposed flotation until it is complete and declined to explain why the Glazers had chosen this timing for the float, and to deliver out-of-date accounts.
Owen Wild, deputy editor of International Financing Review, has criticised the timing, suggesting it is because United's financial performance in 2011-12 is likely to have been significantly worse than for 2010-11. "It is very often unnecessary to do this, and investors are rightly suspicious when companies do it," Wild said. "We have several times seen companies file out-of-date accounts, then when the more recent accounts come out, they show a decline in financial performance."
United's 2011-12 accounts are almost certain to show the club made less money than in 2010-11. That year, Ferguson's team won the Premier League and lost in the Champions League final at Wembley, to Barcelona. With full houses at Old Trafford regular and the team's success marketed for global sponsorships by a team Woodward oversees in the London office, United posted a record income of £331m in 2010-11. Despite paying interest and other finance costs of £53m on the debts, then standing at £459m, which the Glazers loaded on to United to buy the club, United returned a £12m profit in 2010-11.
The club's income from European competitions will be significantly reduced for the most recent season, when United were dismissed from the Europa League by a skilled Athletic Bilbao after their Champions League failure. Uefa are due to release figures on Friday for how much each club was paid for Champions and Europa League participation last season. United's payment can be expected to be around half that of the previous year. The club also missed the earnings from three knockout stage matches at Old Trafford, which are thought to bring in around £3m each.
Many United fans feel that last season was the one in which the debts loaded on to the club by the Glazers, now at £423m, finally started to bite into the performance of Ferguson's team. Its relative drop in fortunes will have dented the club's financial performance. Those figures are not the ones being presented to potential investors in Manchester United Ltd (Cayman Islands) in New York.
Sport
Football
Manchester United
Manchester United file out-of-date accounts for share offer
• Glazers avoid revealing 2011-12 financial performance
• Figures expected to show a decline due to failings in Europe
Share 76
David Conn
guardian.co.uk, Tuesday 10 July 2012 19.15 BST
Manchester United's Champions League final defeat against Barcelona in 2011 will be reflected in the accounts filed with the New York Stock Exchange. Photograph: Tom Jenkins for the Guardian
The Glazer family's timing for floating Manchester United is facing criticism from some analysts who argue the Glazers are deliberately avoiding having to present United's expected decline in financial performance in 2011-12.
The Glazers have filed with the New York Stock Exchange, to float a Manchester United company registered in the Cayman Islands tax haven, United's financial accounts for the year before that, to 30 June 2011. United's income is expected to have suffered a significant decline last year, principally due to Sir Alex Ferguson's team being eliminated from the Champions League at the group stage, whereas in 2011 they earned €53m (£44m) from Uefa after reaching the final.
Presenting accounts more than 12 months old fails to comply with US Securities and Exchange Commission requirements, and United have had to apply for special dispensation to have the out-of date accounts allowed. In a letter dated 3 July, Edward Woodward, United's executive vice-chairman based in London, points out the accounts for United's most recent financial year, to 30 June 2012, are not overdue in the Cayman Islands – "its jurisdiction of incorporation" – or any other country. Having to present the 2011-12 accounts, Woodward claims in the letter, would be: "impractical and involve undue hardship" for United.
United spokesmen both at their Old Trafford offices and representing the Cayman Islands-registered company in New York are not commenting on any aspect of the proposed flotation until it is complete and declined to explain why the Glazers had chosen this timing for the float, and to deliver out-of-date accounts.
Owen Wild, deputy editor of International Financing Review, has criticised the timing, suggesting it is because United's financial performance in 2011-12 is likely to have been significantly worse than for 2010-11. "It is very often unnecessary to do this, and investors are rightly suspicious when companies do it," Wild said. "We have several times seen companies file out-of-date accounts, then when the more recent accounts come out, they show a decline in financial performance."
United's 2011-12 accounts are almost certain to show the club made less money than in 2010-11. That year, Ferguson's team won the Premier League and lost in the Champions League final at Wembley, to Barcelona. With full houses at Old Trafford regular and the team's success marketed for global sponsorships by a team Woodward oversees in the London office, United posted a record income of £331m in 2010-11. Despite paying interest and other finance costs of £53m on the debts, then standing at £459m, which the Glazers loaded on to United to buy the club, United returned a £12m profit in 2010-11.
The club's income from European competitions will be significantly reduced for the most recent season, when United were dismissed from the Europa League by a skilled Athletic Bilbao after their Champions League failure. Uefa are due to release figures on Friday for how much each club was paid for Champions and Europa League participation last season. United's payment can be expected to be around half that of the previous year. The club also missed the earnings from three knockout stage matches at Old Trafford, which are thought to bring in around £3m each.
Many United fans feel that last season was the one in which the debts loaded on to the club by the Glazers, now at £423m, finally started to bite into the performance of Ferguson's team. Its relative drop in fortunes will have dented the club's financial performance. Those figures are not the ones being presented to potential investors in Manchester United Ltd (Cayman Islands) in New York.
TheMightyQuinn
Well-Known Member
Re: United thread 2012/13.
I thought all utd players played for the history and romance of the club rather than financial gain?
They need to offer Wellbeck some more romance and history before he fucks off like Pogba who clearly felt he wasn't getting the romance and history in his contract that his talent deserves.
I thought all utd players played for the history and romance of the club rather than financial gain?
They need to offer Wellbeck some more romance and history before he fucks off like Pogba who clearly felt he wasn't getting the romance and history in his contract that his talent deserves.
LongsightM13
Well-Known Member
Re: United thread 2012/13.
I think David Conn owes you a drink, PB.Prestwich_Blue said:Stop whingeing. You love the attention.BoyBlue_1985 said:M18CTID said:Stop being a tart. I got over Hughes' sacking about a day after it happened. It's a shame you're still obsessed with him.
Anyway, show me one shred of evidence that Sturridge left MCFC for Chelsea primarily because Ched Evans was ahead of him in the pecking order.
Christ alive im being grilled for a flippant remark, actually 2 flippant remarks. Is everyone gone mad or something today
TCIB
Well-Known Member
Re: United thread 2012/13.
Is that you Prestwich Blue :p
They are dirty, devious little cockroaches aren't they.
Blue Hefner said:Sport
Football
Manchester United
Manchester United file out-of-date accounts for share offer
• Glazers avoid revealing 2011-12 financial performance
• Figures expected to show a decline due to failings in Europe
Share 76
David Conn
guardian.co.uk, Tuesday 10 July 2012 19.15 BST
Manchester United's Champions League final defeat against Barcelona in 2011 will be reflected in the accounts filed with the New York Stock Exchange. Photograph: Tom Jenkins for the Guardian
The Glazer family's timing for floating Manchester United is facing criticism from some analysts who argue the Glazers are deliberately avoiding having to present United's expected decline in financial performance in 2011-12.
The Glazers have filed with the New York Stock Exchange, to float a Manchester United company registered in the Cayman Islands tax haven, United's financial accounts for the year before that, to 30 June 2011. United's income is expected to have suffered a significant decline last year, principally due to Sir Alex Ferguson's team being eliminated from the Champions League at the group stage, whereas in 2011 they earned €53m (£44m) from Uefa after reaching the final.
Presenting accounts more than 12 months old fails to comply with US Securities and Exchange Commission requirements, and United have had to apply for special dispensation to have the out-of date accounts allowed. In a letter dated 3 July, Edward Woodward, United's executive vice-chairman based in London, points out the accounts for United's most recent financial year, to 30 June 2012, are not overdue in the Cayman Islands – "its jurisdiction of incorporation" – or any other country. Having to present the 2011-12 accounts, Woodward claims in the letter, would be: "impractical and involve undue hardship" for United.
United spokesmen both at their Old Trafford offices and representing the Cayman Islands-registered company in New York are not commenting on any aspect of the proposed flotation until it is complete and declined to explain why the Glazers had chosen this timing for the float, and to deliver out-of-date accounts.
Owen Wild, deputy editor of International Financing Review, has criticised the timing, suggesting it is because United's financial performance in 2011-12 is likely to have been significantly worse than for 2010-11. "It is very often unnecessary to do this, and investors are rightly suspicious when companies do it," Wild said. "We have several times seen companies file out-of-date accounts, then when the more recent accounts come out, they show a decline in financial performance."
United's 2011-12 accounts are almost certain to show the club made less money than in 2010-11. That year, Ferguson's team won the Premier League and lost in the Champions League final at Wembley, to Barcelona. With full houses at Old Trafford regular and the team's success marketed for global sponsorships by a team Woodward oversees in the London office, United posted a record income of £331m in 2010-11. Despite paying interest and other finance costs of £53m on the debts, then standing at £459m, which the Glazers loaded on to United to buy the club, United returned a £12m profit in 2010-11.
The club's income from European competitions will be significantly reduced for the most recent season, when United were dismissed from the Europa League by a skilled Athletic Bilbao after their Champions League failure. Uefa are due to release figures on Friday for how much each club was paid for Champions and Europa League participation last season. United's payment can be expected to be around half that of the previous year. The club also missed the earnings from three knockout stage matches at Old Trafford, which are thought to bring in around £3m each.
Many United fans feel that last season was the one in which the debts loaded on to the club by the Glazers, now at £423m, finally started to bite into the performance of Ferguson's team. Its relative drop in fortunes will have dented the club's financial performance. Those figures are not the ones being presented to potential investors in Manchester United Ltd (Cayman Islands) in New York.
Is that you Prestwich Blue :p
They are dirty, devious little cockroaches aren't they.
The Fat el Hombre
Well-Known Member
Re: United thread 2012/13.
Tweeted by a mirror journalist
We all know what bacon face is like so I'd take it with a pinch of salt. If true though I think it'd have to be one hell of a signing to keep up with us next year. It's encouraging
"It's possible we could bring one more signing in, maybe two more. But probably one."
Tweeted by a mirror journalist
We all know what bacon face is like so I'd take it with a pinch of salt. If true though I think it'd have to be one hell of a signing to keep up with us next year. It's encouraging
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