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Remember the debate (re-hashed) on here recently about Fergie being in a position to stop the take-over by refusing to stay? Ties in nicely with the bit about needing on-field success to keep the income high. |
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"At 30th June 2007, the Group had net debt of £604.6m." I wasn't sure if this was to confirm there was no debt, or the debt is actually less than the amount quoted. Still, it's nice to be able to read the Accounts and quote directly from them. |
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and auditors qualify the accounts if they don't represent an accurate picture of the business. the auditors don't write a broker's report. all you need to know is there is a lot of debt and every bit of it is unnecessary. goodwill, incidentally, is the difference between the amount paid for united and the balance sheet net worth of united. it has £#%&! all to do with "what someone would be prepared to pay for united" and the goodwill will be in the holding company accounts, not united's. the perception that the assets (such as player values) are underestimated might make someone pay more for united, but acquisitions tend to be based primarily on earnings multiples. goodwill is just an accounting plug. no more and no less. using it to prove you have a "solvent balance sheet" is ridiculous. |
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assuming the television companies don't have cause to pull the plug any time soon, of course. |
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buying tenners for fivers
and we dont need some council muppet on an affirmative action job creation scheme to not explain the figures to us.
Facts are - those @#%&!s bought our club for a fiver and will sell it for a tenner - in the meantime they'll pay the interest on the fiver they had to borrow, from corporate profits. the glazers will make about 500 mill on the deal all in. £#%&! me i wish i bougth the club. |
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