How close are the Glazers to clearing their debt?
Not very I don't think. I think it's still in the hundreds of millions.
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
How close are the Glazers to clearing their debt?
Sounds like this went ok and GOT had good representation (well in @the esk )
But what happens now?
I'm leaning towards probably nothing. But hope not.
Moyes was dangling the carrot of hope, we were always 'almost' there. Martinez has absolutely extinguished that now do attention has switched to the root cause.
No doubt it will be used for the next few years by the Club as an example of the great transparency at the Club and how the Club actively promotes a full and frank dialogue with the fans, as it continues to do it's best to be secretive about the more troubling aspects of our finances and ignore the deeply felt concerns of the fanbase.Sounds like this went ok and GOT had good representation (well in @the esk )
But what happens now?
I'm leaning towards probably nothing. But hope not.
If the new stadium was family friendly and a family season ticket was £6-700 or so id take the kids every week..
I know an oil company in Aberdeen that flew its execs by helicopter to Manchester for all the home games at old Trafford...Blokes using kids tickets in the family enclosure is rather naughty because those same adults will complain the club aint putting enough cash into the players that provide the spectacle. That wasnt an accusation against you but the skinflints that look to con the club and there fellow supporters.
So far as kids go the club has the knock down rate for the dads n lads but kids aint buying warm chang aint company execs and aint stuffing themselves with prawn sandwiches and champagne.
Is the area and are the supporters affluent enough to embolden the club with premium costing support to then have the extra financial clout to bully other sides for transfers and contract offers.
Manchester United have had over two decades of being ripped for being the Essex boys club of choice but how much does it matter to them and the rest when breaking and making the new top flight wins record? We rip Norway FC on an hourly basis but what do they care when they can unload dumptruck loads of cash on signings like Carroll and Ballotelli.
The club seems trapped - it cant squeeze the local support for anymore than it does - it cant cut overheads (contracts - because players will go to where they can earn that extra £20k weekly) - and the ever increasing tv deals and foreign rights deals get funnelled straight into the next round of £20k weekly players wage increases.
Theres no appetite for a salary cap and somehow ffp rules have been relaxed to allow the current financial whales to vomit more money into the pockets of players and agents and third party owned club owners like a case of financial norovirus.
Would there be all this angst and soul searching if it was us racking up the trophy count though?
I'm sure there are many factors involved, it wasn't suggested as any kind of fait accompli, but even if we go with the top end of things and say we'd get the extra 10,000 fans per game that Newcastle get each week, it probably wouldn't generate 'that' much extra cash. Obviously a few million extra each year is nice, but we also have to consider that building a stadium of that size is likely to cost us ~£150m.
I'll make some assumptions for illustrative purposes, but if we assume we have no sugar daddy and have to borrow the £150m, then at 3% interest, the interest on that alone is £4.5m a year, so the 'profit' we'd make from it is pretty marginal, although I'm obviously not taking into account naming rights or any of that. I'm just saying I don't think a stadium is our dream ticket.
I know an oil company in Aberdeen that flew its execs by helicopter to Manchester for all the home games at old Trafford...
Doubt they'll do it for us..
I agree. So the only other option is developing goodison a stand at a time but that is for another discussion.I'm sure there are many factors involved, it wasn't suggested as any kind of fait accompli, but even if we go with the top end of things and say we'd get the extra 10,000 fans per game that Newcastle get each week, it probably wouldn't generate 'that' much extra cash. Obviously a few million extra each year is nice, but we also have to consider that building a stadium of that size is likely to cost us ~£150m.
I'll make some assumptions for illustrative purposes, but if we assume we have no sugar daddy and have to borrow the £150m, then at 3% interest, the interest on that alone is £4.5m a year, so the 'profit' we'd make from it is pretty marginal, although I'm obviously not taking into account naming rights or any of that. I'm just saying I don't think a stadium is our dream ticket.
I'm just saying I don't think a stadium is our dream ticket.
Sounds like this went ok and GOT had good representation (well in @the esk )
But what happens now?
I'm leaning towards probably nothing. But hope not.