Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Help Keep Boards Alive. Support us by going ad free today. See here: https://subscriptions.boards.ie/.
If we do not hit our goal we will be forced to close the site.

Current status: https://keepboardsalive.com/

Annual subs are best for most impact. If you are still undecided on going Ad Free - you can also donate using the Paypal Donate option. All contribution helps. Thank you.

Manchester United Financial Situation.

1…457910…32

Comments

  • #182
    Cypher_sounds
    Registered Users, Registered Users 2 Posts: 8,287 ✭✭✭Cypher_sounds


    Though it is a serious thing, I wouldn't be too worried, If **** does hit the fan im sure someone will buy us and put us back to where we used to be financially and not have debts like we do today.


  • #183
    The Muppet
    Registered Users, Registered Users 2 Posts: 14,007 ✭✭✭✭The Muppet


    Mr Alan wrote: »
    The comparison was a sound one. You ignoring the reasoning behind it, which was explained to you twice, is another example of you making a fool of yourself in this thread.

    It's a stupid comparisons, if the situations are completely different how can the fans reactions to seperate situations be compared.


  • #184
    Spud83
    Closed Accounts Posts: 9,608 ✭✭✭Spud83


    The Muppet wrote: »
    It's a stupid comparisons, if the situations are completely different how can the fans reactions to seperate situations be compared.

    Ignorance is ignorance, regardless of what the respective parties are ignorant about.


  • #185
    Mr Alan
    Registered Users, Registered Users 2 Posts: 29,372 ✭✭✭✭Mr Alan


    Spud83 wrote: »
    Ignorance is ignorance, regardless of what the respective parties are ignorant about.
    Exactly.


  • #186
    The Muppet
    Registered Users, Registered Users 2 Posts: 14,007 ✭✭✭✭The Muppet


    Spud83 wrote: »
    Ignorance is ignorance, regardless of what the respective parties are ignorant about.

    Do you think leeds fans were ignorant of their plight?


  • Advertisement
  • #187
    Spud83
    Closed Accounts Posts: 9,608 ✭✭✭Spud83


    The Muppet wrote: »
    Do you think leeds fans were ignorant of their plight?

    I think a lot of them were yes.


  • #188
    ShamoBuc
    Moderators, Category Moderators, Recreation & Hobbies Moderators, Sports Moderators, Paid Member Posts: 35,483 CMod ✭✭✭✭ShamoBuc


    The Muppet wrote: »
    Do you think leeds fans were ignorant of their plight?
    Without a doubt


  • #189
    The Muppet
    Registered Users, Registered Users 2 Posts: 14,007 ✭✭✭✭The Muppet


    Cypher_sounds wrote: »
    Though it is a serious thing, I wouldn't be too worried, If **** does hit the fan im sure someone will buy us and put us back to where we used to be financially and not have debts like we do today.

    The debt is in hand , This years accounts will be published in the next few weeks. I agree with you though if it did go tits up we would have no problems finding a buyer, the problem is that they would be likely to finace a purchase in the same way a Glazer did.


  • #190
    Spud83
    Closed Accounts Posts: 9,608 ✭✭✭Spud83


    The Muppet wrote: »
    The debt is in hand , This years accounts will be published in the next few weeks. I agree with you though if it did go tits up we would have no problems finding a buyer, the problem is that they would be likely to finace a purchase in the same way a Glazer did.

    Debt thats ever increasing is not in control.


  • #191
    The Muppet
    Registered Users, Registered Users 2 Posts: 14,007 ✭✭✭✭The Muppet


    Spud83 wrote: »
    I think a lot of them were yes.

    I don't remember it that way, the leeds situation happened very suddenly I don't think they had time to bury their heads.


  • Advertisement
  • #192
    Le King
    Closed Accounts Posts: 5,092 ✭✭✭Le King


    The Muppet wrote: »
    The debt is in hand , This years accounts will be published in the next few weeks. I agree with you though if it did go tits up we would have no problems finding a buyer, the problem is that they would be likely to finace a purchase in the same way a Glazer did.

    Correct me if I'm wrong but aren't the accounts being published on the 28th?


  • #193
    lordgoat
    Moderators, Music Moderators Posts: 11,405 Mod ✭✭✭✭lordgoat


    The Muppet wrote: »
    Do you think leeds fans were ignorant of their plight?

    Do you really need everything spoon fed to you? FS. Can you still not understand the comaprison i made? It's been explained to you twice but i'll humour you and i'll try again.

    Leeds fans ignored the spiraling debt their club was in despite doing well on the pitch. Remind you of anyone?

    Regardless of the differences in where the debt came from or how either are managed can you not see the parts i'm comparing.

    Actually just in case you can't i'll simplify again. It's the fans ignoring the debt part.

    Oh and once more just incase you've managed to forget it before your next awesome post it's the similarity of the fans ignoring the debt of their clubs.

    The ignoring part.

    Ignoring the debt.

    once more??


  • #194
    The Muppet
    Registered Users, Registered Users 2 Posts: 14,007 ✭✭✭✭The Muppet


    Spud83 wrote: »
    Debt thats ever increasing is not in control.

    The financial plan is in place to ensure that the debt will be decreasing from here on in.


  • #195
    lordgoat
    Moderators, Music Moderators Posts: 11,405 Mod ✭✭✭✭lordgoat


    The Muppet wrote: »
    I don't remember it that way, the leeds situation happened very suddenly I don't think they had time to bury their heads.

    Suddenly ? wtf? they borrowed millions seasons in advance by gambling on qualification of the CL and using that money to pay back the interest and part of the debt, if by months in advance you mean suddenly then ya sure it snuck up on them...


  • #196
    The Muppet
    Registered Users, Registered Users 2 Posts: 14,007 ✭✭✭✭The Muppet


    Osu wrote: »
    Correct me if I'm wrong but aren't the accounts being published on the 28th?

    Next week I believe, but you could well be right, I know its soon.


  • #197
    lordgoat
    Moderators, Music Moderators Posts: 11,405 Mod ✭✭✭✭lordgoat


    The Muppet wrote: »
    The financial plan is in place to ensure that the debt will be decreasing from here on in.

    The financial plan hasn't worked since the start of the debt, hence why it's been chopped and changed so fuc-king often.

    Any more wisdom?


  • #198
    ShamoBuc
    Moderators, Category Moderators, Recreation & Hobbies Moderators, Sports Moderators, Paid Member Posts: 35,483 CMod ✭✭✭✭ShamoBuc


    lordgoat wrote: »
    Do you really need everything spoon fed to you? FS. Can you still not understand the comaprison i made? It's been explained to you twice but i'll humour you and i'll try again.

    Leeds fans ignored the spiraling debt their club was in despite doing well on the pitch. Remind you of anyone?

    Regardless of the differences in where the debt came from or how either are managed can you not see the parts i'm comparing.

    Actually just in case you can't i'll simplify again. It's the fans ignoring the debt part.

    Oh and once more just incase you've managed to forget it before your next awesome post it's the similarity of the fans ignoring the debt of their clubs.

    The ignoring part.

    Ignoring the debt.

    once more??


    You can lead a horse to water....


  • #199
    Mr Alan
    Registered Users, Registered Users 2 Posts: 29,372 ✭✭✭✭Mr Alan


    The Muppet wrote: »
    The financial plan is in place to ensure that the debt will be decreasing from here on in.
    :D


  • #200
    Spud83
    Closed Accounts Posts: 9,608 ✭✭✭Spud83


    The Muppet wrote: »
    The financial plan is in place to ensure that the debt will be decreasing from here on in.

    Really? First I have heard of that have to say.

    I think the actual financial plan here is that debt that the Glaziers are personally responsible for (PIK's) will be decreased from here on in, i.e every bit of United profit is used to pay these off.

    However the debt on United could very well be increased, i.e the overdraft being used to sign players. (Smalling and Hernandez could have already started this process)


  • #201
    The Muppet
    Registered Users, Registered Users 2 Posts: 14,007 ✭✭✭✭The Muppet


    lordgoat wrote: »
    Suddenly ? wtf? they borrowed millions seasons in advance by gambling on qualification of the CL and using that money to pay back the interest and part of the debt, if by months in advance you mean suddenly then ya sure it snuck up on them...

    Months is such long time ?,
    lordgoat wrote: »
    The financial plan hasn't worked since the start of the debt, hence why it's been chopped and changed so fuc-king often.

    Any more wisdom?

    The Bond Issue , last february remember??


  • Advertisement
  • #202
    The Muppet
    Registered Users, Registered Users 2 Posts: 14,007 ✭✭✭✭The Muppet


    Spud83 wrote: »
    Really? First I have heard of that have to say.

    I think the actual financial plan here is that debt that the Glaziers are personally responsible for (PIK's) will be decreased from here on in, i.e every bit of United profit is used to pay these off.

    However the debt on United could very well be increased, i.e the overdraft being used to sign players. (Smalling and Hernandez could have already started this process)


    Thast not going to happen. There is money available to sign players without using the overdraft. Have a read of the bbc article and thread I linked to earlier on Red Cafe they both goes into detail on these points and our current situation.


  • #203
    lordgoat
    Moderators, Music Moderators Posts: 11,405 Mod ✭✭✭✭lordgoat


    The Muppet wrote: »
    Months is such long time ?,



    The Bond Issue , last february remember??

    24 months is actually a long time.


    Oh you're choose to ignore the original financial plan, the ones that came with the debt when they took over.

    But maybe in fantasy land the debt only started last february. I'm done.


  • #204
    Mr Alan
    Registered Users, Registered Users 2 Posts: 29,372 ✭✭✭✭Mr Alan


    stop quoting a thread on RedCafe as a source. seriously, its cringeworthy.


  • #205
    Spud83
    Closed Accounts Posts: 9,608 ✭✭✭Spud83


    The Muppet wrote: »
    The Bond Issue , last february remember??

    Yes the bond issue which replaced our bank debt, with a bond issue that has an annual interest rate that is higher than our bank debt. So increasing our debt.


  • #206
    Spud83
    Closed Accounts Posts: 9,608 ✭✭✭Spud83


    The Muppet wrote: »
    Thast not going to happen. There is money available to sign players without using the overdraft. Have a read of the bbc article and thread I linked to earlier on Red Cafe they both goes into detail on these points and our current situation.

    I'll read the BBC article, but won't go near redcafe. Thats like going to the a FF convention and asking did FF handle the financial crisis correctly.


  • #207
    The Muppet
    Registered Users, Registered Users 2 Posts: 14,007 ✭✭✭✭The Muppet


    Mr Alan wrote: »
    stop quoting a thread on RedCafe as a source. seriously, its cringeworthy.

    Have you read it?


  • #208
    Mr Alan
    Registered Users, Registered Users 2 Posts: 29,372 ✭✭✭✭Mr Alan


    The Muppet wrote: »
    Have you read it?
    No. Is it various ITK's voicing their opinion that the club is fine? Or is it just the BBC article dissected by people?


  • #209
    The Muppet
    Registered Users, Registered Users 2 Posts: 14,007 ✭✭✭✭The Muppet


    Spud83 wrote: »
    I'll read the BBC article, but won't go near redcafe. Thats like going to the a FF convention and asking did FF handle the financial crisis correctly.


    thats your choice, there is a really good discussion on the caf though.

    http://www.boards.ie/vbulletin/showpost.php?p=66060862&postcount=147


  • #210
    The Muppet
    Registered Users, Registered Users 2 Posts: 14,007 ✭✭✭✭The Muppet


    Mr Alan wrote: »
    No. Is it various ITK's voicing their opinion that the club is fine? Or is it just the BBC article dissected by people?

    LOLz Well you don't know what you're talking about then do you ? trying to discredit something you haven't actually read. Read the last few pages of it and you'll be informed, I might even take you seriously then.;)


  • Advertisement
  • #211
    Spud83
    Closed Accounts Posts: 9,608 ✭✭✭Spud83


    OK, so the BBC is saying we have a 150 million cash reserve.

    Firstly some of this has to be kept as operating capital, but secondly I don't believe the Glaziers are not going to take that money and pay down the PIK's. That is what the BBC article is basing its assumptions on.

    A source close to the Glaziers says the won't, well sorry but I refuse anything that comes out of their mouths, or anything thats even remotely linked to coming out their mouths.


Advertisement