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Re: £716.5m in debt
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Failing to qualify for the champions league could be a possibility in the next couple of years. If that happens all the projected income figures they'll have based all their investment on will be wrong and it'll spiral so quickly it'll be untrue. |
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Re: £716.5m in debt
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Not sure exactly. |
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Re: £716.5m in debt
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He's already said that next season will be his last, and I can't see him changing his mind again. The only thing that might do would be a rich new owner with big pockets but I think next season would be a good time for him to go. |
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Re: £716.5m in debt
See comments;-
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Re: £716.5m in debt
with their PIKs secured against their shares the £70m dividend they are reportedly eyeing would need to be a finely balanced exercise would it not? surely they can't look to take too much value out of the club unless they're prepared to lose the value of the shares they have in it? it has been fairly obvious all along that they'd use the club to pay off the PIKs, so it's no great surprise, even if seeing it written down in an official document it is shocking to see just how brazen it appears. hope that makes sense btw...
disagree that it's necessarily true that they're basically nicking the Ronaldo cash or that they are trying to retain a facade of transfer cash being available all along. seems to me they're simply rolling with the changing times to try and make sure the football side continues to drive the business at the levels they need it to, which is basically what their stated intentions were from the start. |
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Re: £716.5m in debt
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Re: £716.5m in debt
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Blaming the hedge funds, is like blaming the scorpion. It's in their nature... |
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Re: £716.5m in debt
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the Glazers are an unfortunate conduit in the bigger picture here as far as I'm concerned - unfortunate for us, I mean. obviously, on the face of it it's all down to them. but everyone knows that they absolutely could not have done it on their own, and that there are a whole load of other leeches involved. talking of which, any chance of a bit of background on which of those other leeches they have close connections with? anything known about the reynolds people who own the Bucs stadium etc? i'm convinced there is a major trail of corruption, vested interests and conflicts of interest around all these @#%&!s that is just waiting to be exposed. |
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Re: £716.5m in debt
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Re: £716.5m in debt
sorry yeah, naming rights I meant. and not reynolds, either, but raymond!
http://raymondjames.com/ suppose if anybody had found anything by now on these or anybody else it'd have been mentioned. can't be for the want of trying, and there's no way I would ever believe any of these £#%&!ers are clean. i'm pretty shit at trawling the net myself though. |
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Re: £716.5m in debt
At least David Gill is still being paid which I'm sure we're all glad about, dunno how he copes on that salary tbh
http://www.thesun.co.uk/sol/homepage...m-to-Gill.html MANCHESTER UNITED chief executive David Gill earned £1.8million last year as the club plunged further into debt. Gill's wages increased £100,000 from 2008 and £320,000 from 2007. The news comes when cutbacks are being made, including denying 'non-essential' staff free breakfast at the training ground. Accounts showed that United's parent company Red Football Joint Venture Limited racked up an overall debt of £716.5m this year - up £17m. Figures also show the Glazer family paid £68.5m in interest in 2009. But the parent company did show an overall profit of £6.4m compared to a loss of £47m the previous year. That is entirely down to the £80m from the sale of winger Cristiano Ronaldo to Real Madrid. Incredibly, a spokesman for the Glazers said the debt did not have a bearing on club operation. He said: "The club has a £50m surplus to work with once the interest payments have been made." Read more: http://www.thesun.co.uk/sol/homepage...#ixzz0dEVMeSUp |
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