Glazer Takeover of MUFC

Originally Posted by Zorg

Nothing has changed for me. All the reasons I left and a few more besides are still there, some down to the Glazers and some not.

I don't think of FC as utopian at all, and I'm not entirely sure what people mean when they say this.

nor me now you mention it

it's idealist though, which is why i supported it

i supported the idea from the mid-90s when i first heard about it

Originally Posted by red @rmy

Keith,

The Glazers have forced me out mate, season ticket holder for years, been going since 81/82 season, the prices and the automatic cup scheme was the final straw.

I hardly ever missed a game home or away, I just can't justify the prices they and other clubs charge for tickets.

The autmatic cup scheme is the biggest £#%&!ing con I've even seen, my mate a season ticket holder and a loyalty pot member works night every now and then, yet they expect him to pay for a game he simply cannot go to, that is a £#%&!ing joke.

Yeah they've invested in the team, and we have gone from strength to strength on the field, but I still hate the @#%&!s.

Ok we're never going to find a rich Manc to buy the club, but putting the debt onto the club is unforgivable imo.

I pick and choose my games now, but probably like yourself feel Old Trafford is not the Old Trafford we were brought up on, I prefer the away day crowd these days.

Yours Disenchanted red.

Absolutely. I've still technically got my 2 season tickets but friends buy them off me every year because I simply can't afford them anymore.

one thing I have been suprised with, is the relevant low profile of the Glazers themselves. The sons have been to OT on a few occasions and tried to manipulate a PR style welcome on one of them, but they are rarely seen or heard. I thought that the Euro cup win might have seen them appear on the scene a bit more or even for Malc himslef to make an appearance, especially after he was on the pitch when Tampa won the superbowl.
They have kept themselves pretty much to themselves letting Gill and Co run the club, which is in stark contrast to the two muppets at Liverpool and Abramovich. Randy Learner has done a good pR job at Villa, but they didnt have as much to loose as Utd and he didnt need to invest as much money.
Its easy to fool fans by buying them a pub or having a Villa tattoo done.

The prioce rises were always going to happen and were dictated by the prices charged at other clubs. The prices for next year will be interesting given the economic climate. The ACS should never have come in, as this denies younger fans those pay on th gate Carling cup games etc and exploites other fans.

my mate a season ticket holder and a loyalty pot member works night every now and then, yet they expect him to pay for a game he simply cannot go to, that is a £#%&!ing joke.

To stay in the Loyalty pot, he would have to apply for them games anyway.

Perhaps the need to be successful has given Fergie a new dimension and passion. The challenge of Chelsea has also helped that.

Given the value of Utd, its hard to see any real investor stepping forward to make an offer and the questions of motives and trust would have to be asked of them.
Who knows what would have happened if Murdoch had got the club in 1998, would we have went on to win the treble?

One thing I will give them credit for is they keep their £#%&!ing mouths shut. At the time we all hated that they kept silent, but you can clearly see why they did. Since they have taken us over a number of clubs have been taken over and their owners don't shut their mouths talking shite.

Why do people give them credit for keeping their mouth shut?

They are taking £66 million out of the value of the club each year through a combination of interest payments and lost equity and people are thankful they aren't mouthing off in the papers.

Truly mind boggling.

I would rather have Jade Goody as our owner if we got to keep the £66million each year.

Originally Posted by red @rmy

Keith,

The Glazers have forced me out mate, season ticket holder for years, been going since 81/82 season, the prices and the automatic cup scheme was the final straw.

I hardly ever missed a game home or away, I just can't justify the prices they and other clubs charge for tickets.

The autmatic cup scheme is the biggest £#%&!ing con I've even seen, my mate a season ticket holder and a loyalty pot member works night every now and then, yet they expect him to pay for a game he simply cannot go to, that is a £#%&!ing joke.

Yeah they've invested in the team, and we have gone from strength to strength on the field, but I still hate the @#%&!s.

Ok we're never going to find a rich Manc to buy the club, but putting the debt onto the club is unforgivable imo.

I pick and choose my games now, but probably like yourself feel Old Trafford is not the Old Trafford we were brought up on, I prefer the away day crowd these days.

Yours Disenchanted red.

What's wrong with you this morning, that's two posts which are spot on and quite serious.

Has someone nicked your log-in Reddles?

Originally Posted by sullers

What's wrong with you this morning, that's two posts which are spot on and quite serious.

Has someone nicked your log-in Reddles?

Got my Managers head on today, whipping my staff into shape too.

Meh

Originally Posted by sullers

What's wrong with you this morning, that's two posts which are spot on and quite serious.

Has someone nicked your log-in Reddles?

Pure is fixing his laptop.

Originally Posted by sullers

'I want to make you happy, darling'

'That's very nice of you, sir'

'Will you stop interrupting me Darling!'

Originally Posted by Zorg

'I want to make you happy, darling'

'That's very nice of you, sir'

'Will you stop interrupting me Darling!'

Btw - I was boycotting long before the Glazers rolled into town

Originally Posted by sullers

Btw - I was boycotting long before the Glazers rolled into town

I remember reading an interview with Ian Brown where he said he stopped when it went all-seater, sounding all hard and Top Red. Contrast with today when he's claiming he's best mates with 'Tufty'.

Originally Posted by Withers

Why do people give them credit for keeping their mouth shut?

They are taking £66 million out of the value of the club each year through a combination of interest payments and lost equity and people are thankful they aren't mouthing off in the papers.

Truly mind boggling.

I would rather have Jade Goody as our owner if we got to keep the £66million each year.

You are right, they don't deserve credit for that, neither do they deserve credit for finding the money for Fergie's signings, perhaps they should, but I think that their motives are far more self centred. I think that their mid term strategy was to sell the club for a higher price than they bought it. They've obviously now got a spanner in their works as the credit crunch has shortened the list of possible buyers

They improve the price of the club by letting Fergie do what he's best at, bringing more success and making us the most desirable club in the world.

The interest payments don't bother them for now, but as was previously said it could get interesting when them there PIK notes is due.

To be honest, I'm not sure if a wealthy arab is the best solution as he'll probably want to exert more day to day control that the Glazers do. The best solution would be that the fans could buy the club back, but even though I've still left my money in SU, I would never even dare dream that this could happen.

At the moment the Glazers are the 'Devil we know', maybe it's better to stick with them for now.

Originally Posted by Zorg

I remember reading an interview with Ian Brown where he said he stopped when it went all-seater, sounding all hard and Top Red. Contrast with today when he's claiming he's best mates with 'Tufty'.

Ian brown lives in Notting hill, that's how 'manc' he is these days. I see him all the £#%&!ing time.

Originally Posted by Zorg

I remember reading an interview with Ian Brown where he said he stopped when it went all-seater, sounding all hard and Top Red. Contrast with today when he's claiming he's best mates with 'Tufty'.

Lost all integrity in that interview. I've sold all his albums that I own and a couple of pairs of Adidas.

Originally Posted by Sparky***

Ian brown lives in Notting hill, that's how 'manc' he is these days. I see him all the £#%&!ing time.

Don't knock Notting Hill Reds. Going since the 70s, time-served reds, did Cardiff away fwiw, imo, btw, atm.

Originally Posted by sullers

I've sold all his albums that I own and a couple of pairs of Adidas.

All to Chorlton 74

Originally Posted by red @rmy

Keith,

The Glazers have forced me out mate, season ticket holder for years, been going since 81/82 season, the prices and the automatic cup scheme was the final straw.

I hardly ever missed a game home or away, I just can't justify the prices they and other clubs charge for tickets.

The autmatic cup scheme is the biggest £#%&!ing con I've even seen, my mate a season ticket holder and a loyalty pot member works night every now and then, yet they expect him to pay for a game he simply cannot go to, that is a £#%&!ing joke.

Yeah they've invested in the team, and we have gone from strength to strength on the field, but I still hate the @#%&!s.

Ok we're never going to find a rich Manc to buy the club, but putting the debt onto the club is unforgivable imo.

I pick and choose my games now, but probably like yourself feel Old Trafford is not the Old Trafford we were brought up on, I prefer the away day crowd these days.

Yours Disenchanted red.

good post, mate.

it pretty much sums up my situation: a former LMTB/ST holder since late 80s who doesn't go to OT anymore, just aways. i will never forgive the glazers for putting us into debt. as jem and nofun say, the current success is papering over the cracks. the financial situation will come back to bit us on the arse in the not too distant future, let's just enjoy it while we can.

Here's the current debt picture.

The repayment schedule for the senior debt is;-

£75m in 2013
£150m in 2014
£150m in 2015
£150m in 2016

So that's £525m in 2013 to 2016 inclusive.

and this assumes the £50m revolving overdraft facility hasn't been fully utilised.

I did a schedule for the interest-roll up debt when they took it out in 2006. It does assume compounding (ie interest is charged on interest added in earlier years).


PIK or Interest Roll-Up (14.25% fixed 11/8/2006 to 11/8/2107)

Date Balance Interest Total Due

8/2006 £138.000m £19.665m £157.665m

8/2007 £157.665m £22.467m £180.132m

8/2008 £180.132m £25.668m £205.801m

8/2009 £205.801m £29.326m £235.127m

8/2010 £235.127m £33.505m £268.633m

8/2011 £268.633m £38.280m £306.913m

8/2012 £306.913m £43.735m £350.648m

8/2013 £350.648m £49.967m £400.616m

8/2014 £400.616m £57.087m £457.704m

8/2015 £457.704m £65.222m £522.927m

8/2016 £522.927m £74.517m £597.444m

8/2017 £597.444m to be redeemed 11/08/2017

So that's £525m in 2013 to 2016 and a further £597m in 2017.

Originally Posted by redloner

Here's the current debt picture.

The repayment schedule for the senior debt is;-

£75m in 2013
£150m in 2014
£150m in 2015
£150m in 2016

So that's £525m in 2013 to 2016 inclusive.

and this assumes the £50m revolving overdraft facility hasn't been fully utilised.

I did a schedule for the interest-roll up debt when they took it out in 2006. It does assume compounding (ie interest is charged on interest added in earlier years).


PIK or Interest Roll-Up (14.25% fixed 11/8/2006 to 11/8/2107)

Date Balance Interest Total Due

8/2006 £138.000m £19.665m £157.665m

8/2007 £157.665m £22.467m £180.132m

8/2008 £180.132m £25.668m £205.801m

8/2009 £205.801m £29.326m £235.127m

8/2010 £235.127m £33.505m £268.633m

8/2011 £268.633m £38.280m £306.913m

8/2012 £306.913m £43.735m £350.648m

8/2013 £350.648m £49.967m £400.616m

8/2014 £400.616m £57.087m £457.704m

8/2015 £457.704m £65.222m £522.927m

8/2016 £522.927m £74.517m £597.444m

8/2017 £597.444m to be redeemed 11/08/2017

So that's £525m in 2013 to 2016 and a further £597m in 2017.

So a billion between 2013 and 2017? that's what has to be repaid? I don't get it?