B
B
blueinsa
Guest
Ighalo agrees with this.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
United thread 2019/20
- Thread starter Ric
- Start date
- Status
- Not open for further replies.
Ighalo agrees with this.
Prestwich_Blue
Well-Known Member
Their debt is always the same, about £500m. They're not paying it back. Net debt is that total debt minus any cash they have in the bank at the time. So that changes all the time. Net debt of £427m means they had about £70m in the bank on 31st March (assuming their total debt is £500m).Net Debt as of March 31, was £429.1m, an increase of £127.4m" ???
some fudging going on there ? and how many season has the debt been rising and still the uefa FFP panel do fuck all ? am 100% there is a rule that you need to reduce debt on a 3 year bases or face a ban ? maybe at this rate the bottom club in the premier league will be in the champions league next season
But since then they will have paid at least that in wages, with very little revenue. So they'll be in overdraft now or very soon. And then they'll have to pay transfer installments in July/August plus have to refund season ticket holders (another £25m at a guess). If the season doesn't get going soon, they're going be heading towards the rocks because their owners ain't bailing then out.
Last edited:
Their debt is always the same, about £500m. They're not paying it back. Net debt is that total debt minus any cash they have in the bank at the time. So that changes all the time. Net debt of £427m means they had about £70m in the bank on 31st March (assuming their total debt is £500m).
But since then they will have paid at least that in wages, with very little revenue. So they'll be in overdraft now or very soon. And then they'll have to pay transfer installments in July/August plus have to refund season ticket holders (another £25m at a guess). If the season doesn't get going soon, they're going be heading towards the rocks because their owners ain't bailing then out.
Please can you repost that at 8am every morning for the next week. These Covid times are troubling and that is just the sort of pick me up I need each day. One read of that and I haven't a care in the world.
discopop
Well-Known Member
There was line coming from that report which says they lost 4 million by not playing Spurs away, how can that be so?
KentBlue
Well-Known Member
Their debt is always the same, about £500m. They're not paying it back. Net debt is that total debt minus any cash they have in the bank at the time. So that changes all the time. Net debt of £427m means they had about £70m in the bank on 31st March (assuming their total debt is £500m).
But since then they will have paid at least that in wages, with very little revenue. So they'll be in overdraft now or very soon. And then they'll have to pay transfer installments in July/August plus have to refund season ticket holders (another £25m at a guess). If the season doesn't get going soon, they're going be heading towards the rocks because their owners ain't bailing then out.
I’ll put some music to these words and create a new national anthem.
big gaz
Well-Known Member
Oh arnt you a happy bugger, all doom and gloom ;-)Their debt is always the same, about £500m. They're not paying it back. Net debt is that total debt minus any cash they have in the bank at the time. So that changes all the time. Net debt of £427m means they had about £70m in the bank on 31st March (assuming their total debt is £500m).
But since then they will have paid at least that in wages, with very little revenue. So they'll be in overdraft now or very soon. And then they'll have to pay transfer installments in July/August plus have to refund season ticket holders (another £25m at a guess). If the season doesn't get going soon, they're going be heading towards the rocks because their owners ain't bailing then out.
M
M
mat
Guest
Prestwich_Blue
Well-Known Member
The usual rag response is ” But debt is normal is business” without realising that debt finance, such as Spurs borrowing money to finance their new stadium, means they should get a return on that debt, via increased revenue which is in excess of their debt servicing cost.Please can you repost that at 8am every morning for the next week. These Covid times are troubling and that is just the sort of pick me up I need each day. One read of that and I haven't a care in the world.
Whereas their debt is leveraged debt, which is money someone else borrowed and loaded onto them. It doesn't serve any purpose other than to remove the financial risks from the buyer and put it all onto the target.
manclad
Well-Known Member
U-N-I-T-E-D
That spells fooking debt to me
With a knick knack Paddy whack
Give a dog a bone
Ocean Finance on the phone!!!!!
The usual rag response is ” But debt is normal is business” without realising that debt finance, such as Spurs borrowing money to finance their new stadium, means they should get a return on that debt, via increased revenue which is in excess of their debt servicing cost.
Whereas their debt is leveraged debt, which is money someone else borrowed and loaded onto them. It doesn't serve any purpose other than to remove the financial risks from the buyer and put it all onto the target.
Stop it, stop it I am splitting my sides already, it is now beginning to hurt.
- Status
- Not open for further replies.