Man U debt

[Robert Jarvis]

Probably everyone has seeen or ead the news that the estimate of the Man U debt is far greater than previously revealed. It stands according to reports at least as much as 1.1 billion. Unless I am missing some thing surely it could mean that technically they are insolvent, Matt Damon may know more on this.

However take the scenario that if they went pear shaped has anyone considered the repercussions this would have on the rest of the clubs. Could it in fact bring the whole house of cards tumbling down and the whole PL implode? I for one do not see how they can afford to dip into the transfer market. The Glazers clearly just seem to be using the club as a source of cash and just keep increasing the debt.

Is it unthinkable that Man U could go to the wall. If the Glazers had to sell can you imagine how much they would want for the club, would make the RS price of 800 mill look like chicken feed.

On panorama tonight, so every Man U fand will be glued to their telly.

 

[pfim]

The MU debt is "only" 700 million, as far as I know. The other 400 million is secured by other assets (the real estate corporation and the TB Bucs).

MU has the revenues to service their debt. This isn't a Liverpool situation.

 

[Goat]

At least they aint Portsmouth!!!

Shocking the way those clowns have ran that Club.

Something must be done about bad tits like this.

 

[Mutzo Nutzo]

At least they aint Portsmouth!!!

Shocking the way those clowns have ran that Club.

Something must be done about bad tits like this.

Kenwrong in!

 

[Rook]

The Glazers also own the Tampa Bay Bucs NFL team. Given that owning an NFL team is a licence to print money they aren't hurting. Plus the value of Tampa Bay is anywhere between 700M-1.2B US they have colatteral to get another favorable loan if they need it. Man U tickets aren't that expensive either and they can raise prices if they need to as well.

 

[best little spaniard]

^^^ what he said

The investigation is into the Glazers shopping empire, which has mortgages of £500m or so. It is, however, running a very small profit.


I was thinking about this the other day. The Glazers need united to pay off their other debt, they wont sell the club until they've done so. Those blokes who wanted to takeover, the Red Knights, therefore havn't got a hope in hell of buying it off them.

However, if they want to get rid of the glazers, then what I guess they could do, is pay off the clubs debt. They'd get no return on their investment, but suddenly the club would be running a huge profit from not having to pay off the interest payments, so could afford to buy players, or have the money siphoned off by the Glazers at a faster rate, so they could get rid of them quicker.


Would never work, and it's a stupid and inpractical idea, but I was quite proud to have thought of it.

 

[Goat]

The Glazers also own the Tampa Bay Bucs NFL team. Given that owning an NFL team is a licence to print money they aren't hurting. Plus the value of Tampa Bay is anywhere between 700M-1.2B US they have colatteral to get another favorable loan if they need it. Man U tickets aren't that expensive either and they can raise prices if they need to as well.

Im sorry but what???? Are you related to the Glaziers?? Every single match going United fan will tell you that the tickets are a joke price, they go up every year by about 3000% and they also make you buy tickets you might not even want.

 

[Mutzo Nutzo]

^^^ what he said

The investigation is into the Glazers shopping empire, which has mortgages of £500m or so. It is, however, running a very small profit.


I was thinking about this the other day. The Glazers need united to pay off their other debt, they wont sell the club until they've done so. Those blokes who wanted to takeover, the Red Knights, therefore havn't got a hope in hell of buying it off them.

However, if they want to get rid of the glazers, then what I guess they could do, is pay off the clubs debt. They'd get no return on their investment, but suddenly the club would be running a huge profit from not having to pay off the interest payments, so could afford to buy players, or have the money siphoned off by the Glazers at a faster rate, so they could get rid of them quicker.


Would never work, and it's a stupid and inpractical idea, but I was quite proud to have thought of it.

Gordon Gecko you Lerd

 

[gkpaul]

Im going to e mail this link to the Glazers! http://www.gregorypennington.com/

They need to get this sorted before it spirals out of control and they have trouble sleeping at nights worrying to much!

 

[Neiler]

No cash at Utd simple as. I doubt the Glazers will feel the pinch to be honest, it will be the club that suffers.

Two-thirds, or more than £1.9bn, of the total net debt in the Premier League belongs to Arsenal, Chelsea, Liverpool and Manchester United.

 

[neville]

Evening Toffees

****** hate the parasites

Just too wound up at the moment to make any rational contribution to the debate

The Goat is spot on though

 

[Rook]

Im sorry but what???? Are you related to the Glaziers?? Every single match going United fan will tell you that the tickets are a joke price, they go up every year by about 3000% and they also make you buy tickets you might not even want.

All English footie tickets are a joke price (I read something on the lines that a Swansea ticket costs more than Bayern) but relative to say other top teams like Chelsea and Arse, Utd's ticket prices are reasonable. Maybe Utd has a larger middle class base so a ticket price increase hurts more. My point is that Utd isn't going anywhere. Any other owner who buys the club will do it with debt as well.

Whoever buys Everton will probably load up on debt as well, even if he/she is a billionaire.

 

[TX Bill]

At least they aint Portsmouth!!!

Shocking the way those clowns have ran that Club.

Something must be done about bad tits like this.

It's not so much how they've run the club. That's been fine. It's how they acquired the club by levering up the debt that has everyone in arms and rightly so. HOWEVER...once ManU became a publicly traded company, they were fair game for ANYONE.

Let me repeat that. They were open to be purchased by anyone. Where were the Red Knight folks before the Glazers? I'll tell you what they weren't doing. They weren't rounding up the money to buy the club when they had the chance that's for sure.