UTDs debt problems are over!!!

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UTDs debt problems are over!!! Empty UTDs debt problems are over!!!

Post by cyberman Thu Aug 18, 2011 3:01 pm

http://uk.reuters.com/article/2011/08/17/uk-manunited-ipo-idUKTRE77F2BX20110817?feedType=RSS&feedName=football&virtualBrandChannel=13692

http://www.telegraph.co.uk/sport/football/teams/manchester-united/8708885/Manchester-United-owners-the-Glazer-family-to-use-600m-flotation-revenue-to-reduce-clubs-debts.html

that puts our total value at around 4B dollars...

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Post by SUPERCARTTS Thu Aug 18, 2011 3:07 pm

FFS, Their going to REDUCE the debt. Not pay it all off.
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Post by cyberman Thu Aug 18, 2011 3:10 pm

Yes, largely reduce it so it isnt a problem anymore

ffs

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Post by Amar Thu Aug 18, 2011 3:12 pm

SUPERCARTTS wrote:FFS, Their going to REDUCE the debt. Not pay it all off.

Yeah, but reducing the debt will give them huge relief on their annual interest payments on the loan.

The Glazers say they are going to reduce the debt but it really depends by how much, they could easily pocket some of the funds can't they?
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Post by SUPERCARTTS Thu Aug 18, 2011 3:14 pm

cyberman wrote:Yes, largely reduce it so it isnt a problem anymore

ffs


so from the possible £600m floatation, how much do you honestly think they'll use to clear Utd's £480m debt?
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Post by cyberman Thu Aug 18, 2011 3:20 pm

That would just be a guess

Pay off half and add the rest for a spending spree? Pay for the fabled Old Trafford expansion to 100,000?

This may even be gauging a price and interest for a total sale.

Our Nike renewal is up in the next 12 months where were probabl receive the most lucrative deal in history..
Our FFP number is gonna be ridiculous

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Post by SUPERCARTTS Thu Aug 18, 2011 3:26 pm

If he pays of half the debt then Utd will be laughing all the way to more EPL titles. Only Arsenal FFP number will be able to challenege Utd's. Is there any room for more seats though
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Post by cyberman Thu Aug 18, 2011 3:32 pm

plenty of room, Utd would have to purchase the houses behind the expanding stand and theres a problem with a railway line, but Utd could force it through

I told Feverpitch ages ago that the Glazers knew what they were doing, now im being proven right and hes not here ffs

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Post by Swanhends Thu Aug 18, 2011 3:33 pm

Looks like they knew what they were doing after all :coffee:
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Post by BeautifulGame Thu Aug 18, 2011 3:46 pm

SUPERCARTTS wrote:If he pays of half the debt then Utd will be laughing all the way to more EPL titles. Only Arsenal FFP number will be able to challenege Utd's. Is there any room for more seats though

They wont sell half there shares then that would mean Glaziers wont have control over the club.All this means is United will be stuck with the Glazers for the foreseable future.

Also they have to keep winning if they have a poor few seasons on the trot(Maybe when Fergie retires?) then they will be under financial pressure as share value may drop drastically.
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Post by cyberman Thu Aug 18, 2011 4:10 pm

How?

theyre only IPOing ( which is apparently different than selling) 25% of their shares, not half.
When Chelsea won 2x EPL titles in a row and we failed at the CL group stages, we actually posted record numbers.
Anyway theyre IPOing now, not 5 years from now. If the Glazers arent selling, then share prices dont really affect him.
If they get 600m now and the share prices go down, its not as if theyll have to repay the difference
Debt free juggernaught institutions like Utd will never be under financial pressure

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Post by Guest Thu Aug 18, 2011 4:30 pm

Wow thats insane

Congrats to Man Utd and its fans thats a huge coup for your club

The scary thing is Man Utd really don't need to spend anymore, not a large amount anyway

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Post by Mr Nick09 Sat Jul 01, 2017 4:26 pm

euro clubs debt according to UEFA



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Post by Doc Sat Jul 01, 2017 4:35 pm

What the hell is QPR spending their money on?
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Post by Mr Nick09 Sat Jul 01, 2017 4:39 pm

Bojan Krkic?

United 5 years later with still half a billion debt lol
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Post by Jay29 Sat Jul 01, 2017 4:40 pm

Rubbish, overpaid and washed up Premier League players who happened to be members of the Harry Redknapp club.

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Post by CBarca Sat Jul 01, 2017 5:44 pm

Valencia has been in debt since they were founded lmao

They grew up in debt. Moulded by it.
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