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Manchester United debt hits £716m

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Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    lemonjelly wrote: »

    Generally, I believe that as a result the vast majority of wolves fans will never wish the same to happen to any other club.

    It is the desire of many Man Utd fans.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • Mr_Matey
    Mr_Matey Posts: 608 Forumite
    zygurat789 wrote: »
    I hate the germans

    I hate the Italians

    Etc

    Etc

    Come cheer on Australia in our first game against Germany then. I plan on being in a German pub for that one! :)
    lemonjelly wrote: »
    Not sure whether or not I should say "not as much as the ashes, eh Mr Matey?:D";)

    lol, I really like the Ashes too. I especially enjoyed 1989-2003 ;)
  • redpete
    redpete Posts: 4,737 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 20 January 2010 at 6:12PM
    princeofpounds wrote: »
    Now Man U do have quite high levels of debt as a stand-alone entity, but frankly that means very little unless you know about the Glazer's capacity to repay it, which you don't. It's their business and they can run it how they like.

    The accounts they publish does give several clues as to the Glazer's (or more accurately the company into which they transferred the debt) capacity to repay. It's by being able to apply above-inflation increases to ticket prices, it's by receiving more in transfer fees than is made available to buy new players, it's by offering a high return bond to the market to refinance even-higher-cost debt, it's by making ex-players who host hospitality events pay for their own meals.
    princeofpounds wrote: »
    As for taking money out of the company, firstly as I pointed out above it is the Glazer's company. It's no-one else's business what they do with it.

    Which ignores the fact that fans support a football club, they are not dispassionate investors in a company and cannot be expected to behave as though they are.
    loose does not rhyme with choose but lose does and is the word you meant to write.
  • lemonjelly
    lemonjelly Posts: 8,014 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    Really2 wrote: »
    You missed off the end "unless the baggies got in trouble":D

    :D:D:D:D:D

    In seriousness, no.

    As per my previous post, there were albion fans helping us in our plight.

    I do have many albion fans who are mates.

    Would never wish what we went through on anyone.
    It's getting harder & harder to keep the government in the manner to which they have become accustomed.
  • lemonjelly
    lemonjelly Posts: 8,014 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    inspector_monkfish wrote: »
    crikey, not another Wolves fan !! :eek:

    i was there at the weekend
    absolutely awful they were !! :eek::eek::eek:

    I'm seriously thinking about not being your friend!;)

    Is it an inferiority complex or summat?:D
    It's getting harder & harder to keep the government in the manner to which they have become accustomed.
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    lemonjelly wrote: »
    I do have many albion fans who are mates.
    the White Horse is an Albion fan - he loved big Cyril, young Laurie and Brenda Batson! :money::D
  • rictus123
    rictus123 Posts: 2,560 Forumite
    1,000 Posts Combo Breaker Name Dropper
    Why is it ok for a football club to have these debts, any other company would be shut down long ago.
    Work in progress...Update coming July 2012.
  • wymondham
    wymondham Posts: 6,356 Forumite
    Part of the Furniture 1,000 Posts Photogenic Mortgage-free Glee!
    ses6jwg wrote: »
    How on earth does a club with one of the largest fan bases and strongest brands on the planet get itself into such a mess?

    easily. Paying it's staff monopoly money wages.
  • robin_banks
    robin_banks Posts: 15,778 Forumite
    Part of the Furniture Combo Breaker
    ses6jwg wrote: »
    How on earth does a club with one of the largest fan bases and strongest brands on the planet get itself into such a mess?


    Converting the acquisition into debt the club owes the owners.
    "An arrogant and self-righteous Guardian reading tvv@t".

    !!!!!! is all that about?
  • robin_banks
    robin_banks Posts: 15,778 Forumite
    Part of the Furniture Combo Breaker
    rictus123 wrote: »
    Why is it ok for a football club to have these debts, any other company would be shut down long ago.

    It's not and it will change.
    "An arrogant and self-righteous Guardian reading tvv@t".

    !!!!!! is all that about?
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