BrianW
Well-Known Member
- Joined
- 6 Mar 2006
- Messages
- 6,050
- Team supported
- There's Only One City
This is why I think there is a fair chance United are fucked - as in fucked.Interesting story in the BBC News this morning.
Apparently there are fears that Britain’s biggest water company Thames Water is in danger of collapse. It seems that in recent years the company has raised debt levels to somewhere in the region of £13billion. The report concluded that the Company’s operations have essentially been funded by debt whilst at the same time the shareholders have been helping themselves to excessive dividends.
Does this sound familiar?
I also wonder about this takeover. How is a guy with 1.5 billion of net assets going to pay 6 billion for them? The only way to square that circle is through debt. Then they need a stadium rebuild/replacement, a new training ground and about 90% of a new team.
They really need Saudi Arabia, no one else has that much ££££££. Mind you, I suppose the 650 million fans could put in a tenner each.