Glazers refinance the debt - again

https://twitter.com/andersred/status/603667935685652480

https://twitter.com/andersred/status/603668313202434048

Amazing that they will make such a large profit out of united.

Rafabs - good link, glad you like this stuff. How do you personally feel about bond rates and their ability to flex depending on market indexes like LIBOR which have been the source of no little controversy recently?

Has there been anything about how many of the bonds that the Glazers bought?

Wonderful owners.

How much is our debt now?

Originally Posted by Sparky***

How much is our debt now?

About £380m isn't it?

Not including the pik's that mysteriously disappeared..

Originally Posted by Sparky***

How much is our debt now?

about 300mil

Also it took10 years but we are officially now rid of the "glazier" typo, an affliction that once affected one in eight mates

Originally Posted by est.1878

Also it took10 years but we are officially now rid of the "glazier" typo, an affliction that once affected one in eight mates

I always spelled it @#%&!s.

Originally Posted by est.1878

Also it took10 years but we are officially now rid of the "glazier" typo, an affliction that once affected one in eight mates

On reflection, that was always a pane.

Originally Posted by dunk

About £380m isn't it?

Not including the pik's that mysteriously disappeared..

Originally Posted by ScarFace

about 300mil

you'd have to fancy that will shrink dramatically now over the next 2-3 years with the increase in tv money etc. It was nearly £800m at one point wasn't it?

Absolute mental amount of money gone out of the club in the last 10 years on servicing that.

Originally Posted by Charlestown Rouge

On reflection, that was always a pane.

the Glazer ownership model has proved a lesson for most if not all of us - especially the experts (sic) who tried to tell us at every turn what they were going to do but always ended up telling us what they'd just done instead

Originally Posted by Semantic Lisp

the Glazer ownership model has proved a lesson for most if not all of us - especially the experts (sic) who tried to tell us at every turn what they were going to do but always ended up telling us what they'd just done instead

What lesson is that?

They were allowed to take the piss and we were ripped off for a few seasons.
Let Fergie get on with things (I'll bet they £#%&!ing did!).

Meet your new no.7 Michael £#%&!ing Owen/Tony Valencia.

Grrrreat...

The lesson i've learned is that if you grossly neglect to seriously invest the first team for 5 years and then employ david moyes as your manager, you'll finish 7th.

Originally Posted by Cream

What lesson is that?

They were allowed to take the piss and we were ripped off for a few seasons.
Let Fergie get on with things (I'll bet they £#%&!ing did!).

Meet your new no.7 Michael £#%&!ing Owen/Tony Valencia.

Grrrreat...

the lesson that you should be careful what you wish for for starters - as soon as the wage structure was shattered and huge sums of cash started being blown on players then in waltzed the glazers

people only had their own knowledge limitations to forecast imminent doom. in fact as horrible as it was and still is to see united become the finance industry's bitch the team went on to an incredible period of success which only ended when the manager retired.

in fairness it had become threatened by the oil money before then obviously, and now we see united becoming exactly the kind of club many hoped we'd never see, throwing hundreds of millions of quid like confetti on the transfer market.

what we are now is almost the exact opposite of what the experts thought the glazer ownership would see united become. most of that was due to the incredible short-sightedness and naivety in failing to factor in what the club could do in marketing itself and what the game in england (and the CL) would pull in through media - both areas in which the glazers proved to be light years ahead of their critics on.

Can I start using Vodafone again now?

Originally Posted by Semantic Lisp

the lesson that you should be careful what you wish for for starters - as soon as the wage structure was shattered and huge sums of cash started being blown on players then in waltzed the glazers

people only had their own knowledge limitations to forecast imminent doom. in fact as horrible as it was and still is to see united become the finance industry's b***h the team went on to an incredible period of success which only ended when the manager retired.

in fairness it had become threatened by the oil money before then obviously, and now we see united becoming exactly the kind of club many hoped we'd never see, throwing hundreds of millions of quid like confetti on the transfer market.

what we are now is almost the exact opposite of what the experts thought the glazer ownership would see united become. most of that was due to the incredible short-sightedness and naivety in failing to factor in what the club could do in marketing itself and what the game in england (and the CL) would pull in through media - both areas in which the glazers proved to be light years ahead of their critics on.

Yes they have played a blinder for themselves.

Could also have gone terribly wrong and they would have just walked away, leaving us £#%&!ed.

Hard to see how we could avoid the huge sponsorship deals and TV money given the status of the club and how things have gone.

It was a risk free (for them) investment (or lack of) that has paid off and to paint them as oracles of the market (there is no such thing) seems a bit silly. But do go ahead.

Originally Posted by Semantic Lisp

the Glazer ownership model has proved a lesson for most if not all of us - especially the experts (sic) who tried to tell us at every turn what they were going to do but always ended up telling us what they'd just done instead

Originally Posted by Semantic Lisp

the lesson that you should be careful what you wish for for starters - as soon as the wage structure was shattered and huge sums of cash started being blown on players then in waltzed the glazers

people only had their own knowledge limitations to forecast imminent doom. in fact as horrible as it was and still is to see united become the finance industry's bitch the team went on to an incredible period of success which only ended when the manager retired.

in fairness it had become threatened by the oil money before then obviously, and now we see united becoming exactly the kind of club many hoped we'd never see, throwing hundreds of millions of quid like confetti on the transfer market.

what we are now is almost the exact opposite of what the experts thought the glazer ownership would see united become. most of that was due to the incredible short-sightedness and naivety in failing to factor in what the club could do in marketing itself and what the game in england (and the CL) would pull in through media - both areas in which the glazers proved to be light years ahead of their critics on.

yes. underinvestment. money leaking out. they make out like bandits. we fail to compete in the transfer market. the football is shit. we look like arses in two cl finals, but a couple of titles paper over that we're not cleaning up in the shittest league (after all, how can we match chelsea and city?). dumbass.