8PM Radio 5 tonight - Glazers Documentary.

but that is exactly what United said after Rooney was signed, and other than buying Park and VDS that was actually it.


the transfers began to roll in in the next window. oh those bliss-filled days of the net spend arguments.

Originally Posted by marlo

over the next few weeks ill write a thesis for you lot on united financial position from an accoutants point of view.

Wouldn't you have to be an accountant to do that?

Originally Posted by redloner

Cost comparison - Glazers interest & costs £250m 2005-2009 inc
Cost comparison - plc dividends on shares £30.5m 2001-2005 inc.

So I'll once again conclude that whatever we have achieved under the Glazers we have and could again achieve as a plc and have over £200m left over for more players, with no need for the ACS or as high ticket prices.

clearly.

Originally Posted by Baron_van_Marlon

From the Guardian's summary of our financial health...

The still-extraordinary spectacle of the "leveraged buyout". The Glazer family bought the world's richest club in 2005, then loaded it with the costs of their own takeover, and despite the glittering success over which they have since presided, the debts have continued to mount. By 2008, a staggering £263m in interest alone had become payable, yet the capital United owe had actually grown to £699m, because some of the interest, at high rates, accumulates. These massive debts are not threatening the club financially while it remains successful, but it is painful to think of the other uses to which United's vast earnings could have been put.

The problem with Utd is the debt is only just sustainable, plus they're wasting £69M a year on interest payments. That could have been spent on players.

clearly.

Originally Posted by Tumescent Throb

it's ridiculous to say our transfer policy since they took over isn't unrecognisable from what it was under the plc

in fact it's so rediculous that even those who have tried have spent their time desperately arguing "sell to buy" and making themselves look silly


it is also undeniable that the Glazers know how the finance industry works and are quite happy operating within the machinations of a corrupt capitalist system where being despicable and greedy is a prerequisite, and where spivs, ponces and chancers live the high life off the back of other people's talent.

clearly a £#%&!wit.

(still... rediculous.... I like it.)

the piano is still falling.

Originally Posted by jem

the piano is still falling.

It hasn't hit his head yet, what's the problem?

They sold the piano.

at the end of the day, we failed the club. us, the fans. we were quite happily bobbing along on the sea of glory in our devil shaped dingy, fully aware that we had a slow puncture. If we had listened to our insurers (only available online) and took out extra cover we wouldn't have had our dingy towed away, put into a holding compound and fleeced on a weekly basis.