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Old 20-08-2010, 10:48 PM
BarryX
 
Default Re: More debt

"Analysts predict the annual payment will now increase to about £38m, up from £25m last year." f*** me, that's two little Pea's worth of money down the drain, right there.
 
Old 21-08-2010, 06:44 AM
waynes ear's
 
Default Re: More debt

how depressing
 
Old 21-08-2010, 05:19 PM
The Watcher
 
Default Re: More debt

Quote:
Originally Posted by bigMikeA
indeed. 5 replies, not a great amount of views. not scoured the main forum yet if there's a post on there...
What's left to be said though? Everyone knows the state of the club, it was spelt out clearly in the Bond Prospectus in January. You either stop going, or carry on and loose any right to complain. OT looked pretty full on Monday...

There doesn't seem to be anyone interested in buying and the Glazers can't sell as it's their only business making money. It's just a f***ing shit situation

See the state of their NFL team? That's us in five years time.
 
Old 25-08-2010, 07:25 AM
redwhiteandblack
 
Default Re: More debt

http://www.guardian.co.uk/football/2...mortgage-malls
 
Old 25-08-2010, 09:15 AM
antonin jablonsky
 
Default Re: More debt

Manchester United’s debt: David Conn has some worrying news for United fans. “Manchester United’s owners, the Glazer family, have suffered further embarrassing financial difficulties after four more of its US shopping malls recently fell into default on their mortgages. With the interest rate charged on United’s enormous “payment-in-kind debts” rising from 14.25% to 16.25% this month, the news could hardly come at a worse time. An investigation by the Guardian in conjunction with the BBC’s Panorama programme and the investment analyst Andy Green in June found that of the 68 shopping malls owned by the Glazers’ US-based First Allied Corporation, four had gone bust and one more had defaulted on its mortgage. An analysis of the malls’ most recent financial disclosures has revealed that four more have since failed to pay their mortgages and become classified as “delinquent”, with two falling into default this month.”
 
Old 25-08-2010, 12:18 PM
red in cumbria
 
Default Re: More debt

If this means the day the gimps are forced to sell up has come closer, maybe this isn't so "worrying" after all??
 
Old 25-08-2010, 01:21 PM
Jack Duckworth
 
Default Re: More debt

Quote:
Originally Posted by waynes ear's
how depressing
says the proud new season ticket holder?
 
Old 25-08-2010, 01:25 PM
Sullingtons
 
Default Re: More debt

Quote:
Originally Posted by Jack Duckworth
says the proud new season ticket holder?
zing
 
Old 25-08-2010, 03:39 PM
moransbleedinghead
 
Default Re: More debt

Quote:
Originally Posted by red in cumbria
If this means the day the gimps are forced to sell up has come closer, maybe this isn't so "worrying" after all??
sadly news like this means that they will be even more despearte to hang on. United is their cash cow, the only bit of their empire that is generating cash.

Folk who are paying for match tickets need to remind themselves that are indeed true supporters, supporters of the gimps business failings elsewhere.
 
Old 25-08-2010, 08:50 PM
antonin jablonsky
 
Default Re: More debt

Quote:
Originally Posted by moransbleedinghead
sadly news like this means that they will be even more despearte to hang on. United is their cash cow, the only bit of their empire that is generating cash.

Folk who are paying for match tickets need to remind themselves that are indeed true supporters, supporters of the gimps business failings elsewhere.
Sadly that's probbly the case innit?
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