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Man Utd bonds?

hedger
hedger Posts: 313 Forumite
in Savings & investments
yield will be about 9% til 2017. worth a punt?
«134

Comments

  • mr_fishbulb
    mr_fishbulb Posts: 5,224 Forumite
    Part of the Furniture Combo Breaker
    Considering they wouldn't have made a profit last year if they hadn't had sold Ronaldo, I'm out.
  • Aegis
    Aegis Posts: 5,695 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I wouldn't personally buy in to anything with as much of a debt problem as that team currently has. I read in City AM today (hooray for my lunchtime free paper) that their profits last year were only just enough to pay the interest on their various loans.

    Not really a good state to be in.
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • dunstonh
    dunstonh Posts: 121,175 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Leveraged the hilt and only making a profit on player sales. They are lucky to get takers at 9%.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    Question. If there is a takeover of the club, do the bonds get wiped?
  • Ian_W
    Ian_W Posts: 3,778 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    edited 12 January 2010 at 11:50PM
    dunstonh wrote: »
    Leveraged the hilt and only making a profit on player sales. They are lucky to get takers at 9%.
    The Manchester franchise is a HUGE global brand though, buddy. ;)

    Won't be a problem with profits when the home games are played in Hong Kong - and it's not as far to travel for most of their fans!
  • Lokolo
    Lokolo Posts: 20,861 Forumite
    Part of the Furniture 10,000 Posts
    Ian_W wrote: »
    The Manchester franchise is a HUGE global brand though, buddy. ;)

    And they're a better team than Chelsea.
  • dunstonh
    dunstonh Posts: 121,175 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    The Manchester franchise is a HUGE global brand though, buddy. ;)

    I dont see them failing but the level of debt, the ability to reduce the debt and the lack of funding from the present owners doesnt look attractive.
    Won't be a problem with profits when the home games are played in Hong Kong - and it's not as far to travel for most of their fans!

    If they moved to Milton Keynes, most Man U supporters would be closer ;)
    And they're a better team than Chelsea.

    Not this year. Although no-one seems to want to win it this year.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Ian_W
    Ian_W Posts: 3,778 Forumite
    Part of the Furniture 1,000 Posts Photogenic
    Lokolo wrote: »
    Question. If there is a takeover of the club, do the bonds get wiped?
    If taken over, Glazers bought out - NO.
    If they go bust - YES and a 20 point deduction! :eek:
    And they're a better team than Chelsea.
    You've had too many sniffs of the barmaids apron in the Union when you've watched them then, I've been throwing my clogs at the screenthis season, they've been so poor in so many games.
    dunstonh wrote:
    I dont see them failing but the level of debt, the ability to reduce the debt and the lack of funding from the present owners doesnt look attractive.
    They're TOO BIG to fail! Don't you know their shirt sponsors are AIG, owners the US Government! They'd be saved by the US taxpayer! ;)
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I'd have to be a pretty big United fan to want to buy them... as a favour to the club rather than an investment!

    Since I'm not, then I don't think 9% is worth the risk.

    Now, when are Oldham selling off bonds?
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    Masomnia wrote: »
    Now, when are Oldham selling off bonds?
    I think Billy's retired now. And only ever played for West Ham?

    The only thing worth buying at the three sided Boundary Park is the pies!
This discussion has been closed.
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