united's debt

[superman_mcfc]

just lookin on the web and i came across this and this was way back in 2005

£650 million and rising

How the Glazers' debt threatens our club

The Glazer Family paid a total of £921 million to buy United.

They borrowed at least £650 million* of that sum, some at 20% compound interest.

The terms of the debt, which has now been shifted onto the club, means that if it is not paid off it increases to £938 million within 5 years. That means the debt is growing at more than £300,000 per day.* No. We're not kidding.

This isn't our spin on the situation either, for these figures aren't open to interpretation. The numbers above are the facts as spelled out in the Offer Documents posted by the Glazers at Allen & Overy during the bid period. There is ample evidence to indicate that the debt is not only real, it's likely to be crushing.

the clock didn't start ticking until the end of June 2005!

 

[BlueLlama]

If I had a couple of Billion would I buy Manure - NO

A much better bet would be Liverpool or Newcastle or even Sunderland. The reason is it would be much cheaper even after spending £200M or £300M on players and after a couple of years you have a team competing for a CL place, loads of fans and probably a club worth as much as manure.

Now where have I seen that done?

Even if it is copying ADUG its still makes more sense than buying manure where all you buy is a club that can add no more value and could leave you paying a huge amount of interest and £500M in worthless bonds.

 

[BTH]

what a load of old tosh, even god hasnt got 300million fans, where does this bull shit come from?. please enlighten me

They just make these numbers up and because they come from the Swamp our normally fact-mad media print and repeat it verbatim. Who knows how many rags there are worldwide? You can discount the many millions who've never seen them and never will and a few million more whose only words of English are 'Manchester United' and 'Bobbee Charlaton' for a start.

Peter Kenyon was forever ballooning big supporter numbers when he was there; here's the equation he used:

Number of website hits on manutd.com in any given month + the last mobile number he rang x number of Smarties in a tube (any size, doesn't matter) - the first number that comes into your head and then round it up to the nearest 10 million.

That's about the size of it, so 300 million sounds about right.

 

[M.A-MCFC]

<a class="postlink" href="http://www.facebook.com/#/pages/Were-Having-a-party-when-fergie-dies/269426887460?ref=ts" onclick="window.open(this.href);return false;">http://www.facebook.com/#/pages/Were-Ha ... 460?ref=ts</a>

 

[dowy1961]

It's called Talkshite for a reason!

The same station that broke the news of 718 million chineese millionaires rushing to invest in the club.

got to print this off for the rags i know this will shut the glory boys up