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Unread 24-01-2010, 02:05 AM
The Watcher
 
Thumbs down 70p of every pound United makes to be siphoned off by the Glazers

http://ftalphaville.ft.com/blog/2010...936/penalties/

Quote:
Analysis by a City fund manager and member of the Manchester United Supporters Trust. This in depth report makes a number of observations, which lead to the conclusion that the Glazerís will be able to suck £500m out of the club...
Quite a dense piece, but well worth sticking with. Makes for very grim reading.
 
Unread 24-01-2010, 11:39 AM
Whip Hubley
 
Default Re: 70p of every pound United makes to be siphoned off by the Glazers

Quote:
Originally Posted by The Watcher
http://ftalphaville.ft.com/blog/2010...936/penalties/



Quite a dense piece, but well worth sticking with. Makes for very grim reading.
unbelievable :shakehead:
 
Unread 24-01-2010, 01:08 PM
rubbernecker
 
Default Re: 70p of every pound United makes to be siphoned off by the Glazers

As good a case for non renewal as you'll find
 
Unread 24-01-2010, 01:16 PM
Street Magician
 
Default Re: 70p of every pound United makes to be siphoned off by the Glazers

By 2017, despite having pumped more than half a billion pounds out of Manchester United, the club will still be saddled with the £500m of debts it has today.

Jesus, that is fucking frightening
 
Unread 24-01-2010, 02:53 PM
Tumescent Throb
 
Default Re: 70p of every pound United makes to be siphoned off by the Glazers

Was tempted to stop reading when it said "a city fund manager said..." Stuck with it for a bit longer, but really, my question is this: With everything that's happened in the last week, let alone the last couple of years, what is the point, or the value, in projecting to 2017? Not much, other than scare tactics and sensationalism. Money will be siphoned off from United. No-one knows what the figures will amount to. We do know where it will go though. Loosely. Anyone got a list of people who've taken up the bond issue yet?
 
Unread 24-01-2010, 08:09 PM
believe
 
Default Re: 70p of every pound United makes to be siphoned off by the Glazers

Quote:
Originally Posted by Tumescent Throb
Was tempted to stop reading when it said "a city fund manager said..." Stuck with it for a bit longer, but really, my question is this: With everything that's happened in the last week, let alone the last couple of years, what is the point, or the value, in projecting to 2017? Not much, other than scare tactics and sensationalism. Money will be siphoned off from United. No-one knows what the figures will amount to. We do know where it will go though. Loosely. Anyone got a list of people who've taken up the bond issue yet?
at a guess i'd go for marlo and ginners
 
Unread 24-01-2010, 11:28 PM
redloner
 
Default Re: 70p of every pound United makes to be siphoned off by the Glazers

Quote:
Originally Posted by Tumescent Throb
Was tempted to stop reading when it said "a city fund manager said..." Stuck with it for a bit longer, but really, my question is this: With everything that's happened in the last week, let alone the last couple of years, what is the point, or the value, in projecting to 2017? Not much, other than scare tactics and sensationalism. Money will be siphoned off from United. No-one knows what the figures will amount to. We do know where it will go though. Loosely. Anyone got a list of people who've taken up the bond issue yet?
That's a bit unfair. We only get limited information on the finances and if we can't at least use that to show the current situation and the future situation on a relevant given date, it would leave nothing but speculation.

As to your other assertion about scare tactics and sensationalism, I've been analysing the data from the accounts and other sources for five years now. I've always tried to keep away from conclusions and likely outcomes, preferring instead to simply report the facts as they are known, while allowing the reader to reach their own conclusions.

As to your request for a list of the bondholders, I don't think this will be available until after settlement date, 29 January. The only information I have heard on this issue is there are fifty separate investors.
 
Unread 24-01-2010, 11:39 PM
wonky no
 
Default Re: 70p of every pound United makes to be siphoned off by the Glazers

this needs printing off and handing out at matches
 
Unread 25-01-2010, 07:04 AM
Whip Hubley
 
Thumbs up Re: 70p of every pound United makes to be siphoned off by the Glazers

Quote:
Originally Posted by wonky no
this needs printing off and handing out at matches
agreed
 
Unread 25-01-2010, 02:21 PM
Tumescent Throb
 
Default Re: 70p of every pound United makes to be siphoned off by the Glazers

Quote:
Originally Posted by redloner
That's a bit unfair. We only get limited information on the finances and if we can't at least use that to show the current situation and the future situation on a relevant given date, it would leave nothing but speculation.

As to your other assertion about scare tactics and sensationalism, I've been analysing the data from the accounts and other sources for five years now. I've always tried to keep away from conclusions and likely outcomes, preferring instead to simply report the facts as they are known, while allowing the reader to reach their own conclusions.

As to your request for a list of the bondholders, I don't think this will be available until after settlement date, 29 January. The only information I have heard on this issue is there are fifty separate investors.
you know as well as I do that the way the figures are being reported right now is designed to be sensationalist and that the editors running these headlines are highly unlikely to have United's best interests in mind at all, be it the club or the protesters. that's all I was driving at. people take this inane satisfaction from seeing it all laid out in the media, a media that doesn't really give a fuck about them. i personally believe this is quite a high price to pay if the only trade off is that a few hundred muppets that the protesters would normally wish to disassociate themselves from join in with a few chants at Old Trafford.

it is fair enough to say that speculation is pretty much all there is to use because the figures don't come out as quickly as they are needed. and without doubt this speculation is valid when projected short term. i've never attacked your analysis, quite the opposite, even if i don't agree with all of it (transfers for example) but i don't think anyone projecting to 2017 actually thinks for a moment that those projections will not be adjusted fairly dramatically one way or another much sooner than that.

the list of investors is going to be very interesting. i'd imagine for a start off that a few of the old plc blue chips are back on board. i can see a few reasons why this scheme has been opposed, but you never know who might now have an interest they may wish to take further at some point.
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