Accounts out at 11am

Originally Posted by Child of Darkness

so basically but for the debt , utd could afford to make match tickets virtually free

Nearly, I think United made £108m in matchday income in 2008/09.

Originally Posted by andyroo

This.

Anyone who's still going, hold up a copy of the accounts at every £#%&!ing match and sing for ninety minutes "where's the money gone?"

Gouging @#%&!s.

According to the FT earlier this year, approximately 70p of every £1 you spend on tickets goes toward some form of debt. It’s £#%&!ing criminal what they’re doing to our club.

Originally Posted by Withers

Can't see it unless I am being thick.

The interest is only £40-45 million.

£40m for the club debt, but then there's the PIK's.

In the bond prospectus it was outlined that the Glazers can take up to £70m to transfer to the parent company.

Apparently they've not used this yet. There will have been substantial costs involved in transferring the debt.

As well as the interest they inccured a huge charge from the bond issue

Im sure anders will disect it all soon after 11

Losses of £83.6m for the full year.

Well that's very reassuring.

Originally Posted by RedMenace

Losses of £83.6m for the full year.

Link?

Originally Posted by RedMenace

Losses of £83.6m for the full year.

If only we could sell a player of Ronaldos quality every year and bring no one in. We'd only have to sell a Foster to make a profit.

Originally Posted by RedMenace

Losses of £83.6m for the full year.

and we laughed at city for their obscene loss

Originally Posted by hopkins

and we laughed at city for their obscene loss

Theirs was football related. Ours is all money down the drain.

Originally Posted by RedMenace

Losses of £83.6m for the full year.

That is £#%&!ing shocking.

Its ok without the bond we will have only lost 20mill

Originally Posted by Sloane

Its ok without the bond we will have only lost 20mill

Quite the mixture of tenses there mister.

Originally Posted by Sloane

Its ok without the bond we will have only lost 20mill

So the bond issue they used to protect their wealth cost the club over £60m.
I still, after all these years, can't get my head around how something as immoral as this is allowed

All the gory details here

http://www.mufplc.com/pdf/Q4%202009-...%20Release.pdf

Edit: here actually

http://www.mufplc.com/pdf/2009-10%20...20Accounts.pdf

Originally Posted by forwardirektion

So the bond issue they used to protect their wealth cost the club over £60m.
I still, after all these years, can't get my head around how something as immoral as this is allowed

That's Reagan/Thatcher unbridled capitalism for you

Originally Posted by RedMenace

All the gory details here

http://www.mufplc.com/pdf/Q4%202009-...%20Release.pdf

Love the way they make it sound so positive. @#%&!s

So even with a turnover of £286 million, we still made a loss of over £80 million? Sickening.

Still, at least the Ronaldo money is still there

Jesus Christ on a £#%&!ing broomstick.

£#%&! this shit.

lets wait and see.

nft.