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Seems the bond issue is resolved
According to the times.... http://www.timesonline.co.uk/tol/spo...cle6997726.ece
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Re: Seems the bond issue is resolved
and here:
http://www.guardian.co.uk/football/2...zer-bond-offer 50 odd investors just like that wonder how many of them have previously sold their shares to the Glazers? wonder how many of them are the same types of capitalist spivs who helped them takeover? wonder how many of them are corrupt as £#%&! and long-standing 'associates' of the owners? etc... |
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Re: Seems the bond issue is resolved
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Re: Seems the bond issue is resolved
Way I see it this bond is underwritten by the takings of MUFC and any rumblings of discontent from the fans obviously have made sod all difference to the business model. Might I suggest making life quite difficult for the investors by stopping spending and encouraging others to do the same?
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Re: Seems the bond issue is resolved
Quote:
Like putting a Panini sticker on the side of the Titanic and saying "This'll buy us some time.And the band can play on longer !" Parasitic @#%&!s. |
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Re: Seems the bond issue is resolved
Quote:
...the owners were selling the bond issue in the blink of an eye. I am very interested to see who has bought in. We already know the painful truth that the capitalist industry is milking us for every penny they can. I wonder how many media organisations are in for these bonds? |
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Re: Seems the bond issue is resolved
Quote:
Then as 2017 approaches, they have to do this all over again to repay this year's bondholders. |
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Re: Seems the bond issue is resolved
Quote:
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Re: Seems the bond issue is resolved
I appreciate what everyone is saying tbh
it's what everyone is not saying that is pissing me off the people who've lent the glazers the money for the takeover and are now creaming off vast swathes of cash from United appear to have been absolved of all blame for some unfathomable reason now a load more people have jumped into this bond thing and i want to know who they £#%&!ing are. |
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Re: Seems the bond issue is resolved
So, a quick debt/interest summary when all the shite has come to rest.
Bond - £500m @ 8.75% = £44m a year payable by United from cashflow until 2017 when £500m has to be repaid, probably with another bond issue. PIKs - £148m (£218m give or take incl accrued interest less £70m next week.) Interest @ 16.25% added to loan, £24.4m August 2010 to August 2011. If not repaid faster, will still reach £424m when due to be repaid in 2017. |
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Re: Seems the bond issue is resolved
not sure there's any real value in predicting/forecasting what will have happened by 2017, considering what's happened in the last couple of years, but anyway...
based on those figures that appears to be 44m x 7 plus £494m minus £70m which adds up to the princely sum of around £700m the industry will cream off United by 2017. i have no idea why this appears not to be pissing people off beyond the end of their noses doubtless you're all bored to tears of me making this point though, so I'll try and bite my lip from now on |
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