United Thread | 2025/26

  • Thread starter Thread starter Ric
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ancoats said:
It's funny how a football club can be so badly managed and have the biggest debt in the Premier League, yet have so much say on other clubs' expenditure ? Why do all the other 19 clubs let this joke of a club write the rules and put FFP PSR spending control on them

Surely the best-run club with debt-free status should be listened to and have a major say, Manchester City would never make it a closed shop, in fact we would welcome the challenge and let the right people willing to put personal wealth and investment to other clubs

2013 FFP was introduced and voted in. United debt was around £500million ? 2025 United are £1.5billion in debt
Yep FFP worked didnt it
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Yanks sticking together
 
pepguardiola'smoustache said:
This might be a daft question, but who are they actually in debt to?
I mean, is there a specific bank or company that is clearly stated as being the lenders?

And furthermore, could it be possible that the glaziers themselves are the lenders, via some clever jiggery-pokery accounting through another business, so that in fact they are themselves receiving the interest on the debt?


@Prestwich_Blue you know about these sort things. Am i being fanciful?
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Interesting question. There's no information identifying who they're in debt to specifically. The main debt of $650m (c£480m) is secured on the club assets (i.e. OT and Carrington).

I've said before that my suspicion is that they've actually used their united shares to secure debts on their property business. They remortgaged that to the hilt pre-crash back in 2008 and their lenders would almost certainly have insisted on additional collateral over the properties themselves. But we don't know that. When they've sold shares, the proceeds go to them, rather than the club so I guess it's potentially possible they've used that money to repay external debt and transfer that debt to themselves.

I think they'd have to say something publicly though if they redeemed a debt where there was a charge over assets, and they never have so I'd say it's unlikely. They have to start refinancing that debt in 2027 so we may learn more then.
 
Huh i feel dirty and need to wash.
Just been in the village hotel M66 Bury for a coffee with Mrs K and her sister and it was wall to wall full of raggies.
Coaches from everywhere but Manchester on the carpark.
The excitement of moving into the top 5 is really getting them giddy
 
Prestwich_Blue said:
Interesting question. There's no information identifying who they're in debt to specifically. The main debt of $650m (c£480m) is secured on the club assets (i.e. OT and Carrington).

I've said before that my suspicion is that they've actually used their united shares to secure debts on their property business. They remortgaged that to the hilt pre-crash back in 2008 and their lenders would almost certainly have insisted on additional collateral over the properties themselves. But we don't know that. When they've sold shares, the proceeds go to them, rather than the club so I guess it's potentially possible they've used that money to repay external debt and transfer that debt to themselves.

I think they'd have to say something publicly though if they redeemed a debt where there was a charge over assets, and they never have so I'd say it's unlikely. They have to start refinancing that debt in 2027 so we may learn more then.
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Hmm 2027 you say ? made up allowances for a new stadium spring to mind
 
Kippax77 said:
Huh i feel dirty and need to wash.
Just been in the village hotel M66 Bury for a coffee with Mrs K and her sister and it was wall to wall full of raggies.
Coaches from everywhere but Manchester on the carpark.
The excitement of moving into the top 5 is really getting them giddy
Click to expand...
That excitement will soon subside in the next few weeks
 
Prestwich_Blue said:
Interesting question. There's no information identifying who they're in debt to specifically. The main debt of $650m (c£480m) is secured on the club assets (i.e. OT and Carrington).

I've said before that my suspicion is that they've actually used their united shares to secure debts on their property business. They remortgaged that to the hilt pre-crash back in 2008 and their lenders would almost certainly have insisted on additional collateral over the properties themselves. But we don't know that. When they've sold shares, the proceeds go to them, rather than the club so I guess it's potentially possible they've used that money to repay external debt and transfer that debt to themselves.

I think they'd have to say something publicly though if they redeemed a debt where there was a charge over assets, and they never have so I'd say it's unlikely. They have to start refinancing that debt in 2027 so we may learn more then.
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Just checked quickly and they issued $425m secured notes, which will be held by various parties. These have to be redeemed in 18 months time. There's another loan from Bank of America of $225m which has to be repaid by 2029. That's around £480m at the current exchange rate.

Then they've got a revolving credit facility (i.e. big overdrafts) with BoA, Nat West, HSBC and Santander. That totals £350m and they'd used £265m of that at the end of June. They also borrowed an additional £100m to finance transfer spending in this last quarter to September.

They also owe £550m in Trade Payables, which will include outstanding instalments on transfer fees as well as money owed to suppliers.

That's total outstanding debt of close to £1.5bn
 
Kippax77 said:
Huh i feel dirty and need to wash.
Just been in the village hotel M66 Bury for a coffee with Mrs K and her sister and it was wall to wall full of raggies.
Coaches from everywhere but Manchester on the carpark.
The excitement of moving into the top 5 is really getting them giddy
Click to expand...
The Village hotel, Bury is a grim place and the coffee is expensive
 
Prestwich_Blue said:
Just checked quickly and they issued $425m secured notes, which will be held by various parties. These have to be redeemed in 18 months time. There's another loan from Bank of America of $225m which has to be repaid by 2029. That's around £480m at the current exchange rate.

Then they've got a revolving credit facility (i.e. big overdrafts) with BoA, Nat West, HSBC and Santander. That totals £350m and they'd used £265m of that at the end of June. They also borrowed an additional £100m to finance transfer spending in this last quarter to September.

They also owe £550m in Trade Payables, which will include outstanding instalments on transfer fees as well as money owed to suppliers.

That's total outstanding debt of close to £1.5bn
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Thanks for the information, Mr Prestwich.

Very interesting.

Let’s hope the day of reckoning isn’t too far away.
 
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