United thread 2019/20

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ancoats said:
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
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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.
 
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Prestwich_Blue said:
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.
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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.
 
Prestwich_Blue said:
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.
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I’ll put some music to these words and create a new national anthem.
 
Prestwich_Blue said:
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.
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Oh arnt you a happy bugger, all doom and gloom ;-)
 
Blue Mist said:
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.
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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.
 
Prestwich_Blue said:
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.
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Stop it, stop it I am splitting my sides already, it is now beginning to hurt.
 
Prestwich_Blue said:
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.
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as far as i know colin, coming from a rag colleague of mine today he's had an email from them giving him reduced season ticket prices offset by what he is going to miss from this season, amounts to the same i suppose
 
Prestwich_Blue said:
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.
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they will be selling the naming right to the stadium soon hahaha your right about never paying it off and it being about the same £500 million every season. its bent and for uefa to turn a blind eye ? and then take city for every penny they can get in fines and banning orders

i hope to god they go bump and have to sell and get asset stripped ? now that would make anything city win in silverware tastes so much sweeter. and let the rats jump the sinking ship hahhahaha. but i know its never going to happen because the Ginny In A Bottle only granted us 3 wishes and we have used up all 3 in the last 10 years hahhahaha
 
CheethamHillBlue said:
These figures are up to March 31st so they have had 11 months and 2 weeks of non Coronavirus blame and a fortnight of closure. The absence of Champions League money was the biggest cause. If all the matches are played behind closed doors for the next few months, the next half year figures will drop like a stone.
Still, that won't bother Mbappe, Sancho, Grealish etc when they sign up. Honest ;-)
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The players you mentioned are like all utd players boyhood fans of the club and play not for money but to be part of the fabric folklore of gods own club.
 
Maybe already mentioned on here.
But.
Just spoke tons rag mate.
They get the games that havent been played knocked off next season.
No chance of refund.
Times are hard at old scaffold.
Good .
Maybe we could have rag n bone collections again to raise money you dirty rag bastards
 
Prestwich_Blue said:
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.
Click to expand...
Tick is tocking...
 
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