Asprilla 96 Posted June 3, 2009 Share Posted June 3, 2009 even doves that cry. Superb. Link to comment Share on other sites More sharing options...
Guest Hova Posted June 3, 2009 Share Posted June 3, 2009 They can afford it. Mmmm...We'll see. Are you suggesting that there's even a chance that they can't? I suggest you read up on how their debt is organised. I suggest how you read up on how much money they actually make! What the 45m loss they made last year? Don't make me hurt you. They're obviously feeling the pinch like. That's why they paid 30mill for Berbatov. In fact I just tried to ring glazier and it was engaged. Then I rang up the administrators and it was also engaged!!! Man U are history!!!! Do you understand what leveraged buyout means? Couldn't give a flying fuck They're in no financial difficulties whatsoever... .. while they're successful couple of season without silverwear (which is unlikely but possible) and they'd be in trouble. Why? They aren't going to stop being a massive global brand by having a couple of poor seasons. Link to comment Share on other sites More sharing options...
Happy Face 29 Posted June 3, 2009 Share Posted June 3, 2009 They can afford it. Mmmm...We'll see. Are you suggesting that there's even a chance that they can't? I suggest you read up on how their debt is organised. I suggest how you read up on how much money they actually make! What the 45m loss they made last year? Don't make me hurt you. They're obviously feeling the pinch like. That's why they paid 30mill for Berbatov. In fact I just tried to ring glazier and it was engaged. Then I rang up the administrators and it was also engaged!!! Man U are history!!!! Do you understand what leveraged buyout means? Couldn't give a flying fuck They're in no financial difficulties whatsoever. Just like Lehman Brothers, GM, Northern Rock etc. Link to comment Share on other sites More sharing options...
Andrew 4226 Posted June 3, 2009 Share Posted June 3, 2009 They can afford it. Mmmm...We'll see. Are you suggesting that there's even a chance that they can't? I suggest you read up on how their debt is organised. I suggest how you read up on how much money they actually make! What the 45m loss they made last year? Don't make me hurt you. They're obviously feeling the pinch like. That's why they paid 30mill for Berbatov. In fact I just tried to ring glazier and it was engaged. Then I rang up the administrators and it was also engaged!!! Man U are history!!!! Do you understand what leveraged buyout means? Couldn't give a flying fuck They're in no financial difficulties whatsoever. classic internet argument there "I have no idea what you are talking about, so I am obviously correct" Link to comment Share on other sites More sharing options...
The Fish 9009 Posted June 3, 2009 Share Posted June 3, 2009 They can afford it. Mmmm...We'll see. Are you suggesting that there's even a chance that they can't? I suggest you read up on how their debt is organised. I suggest how you read up on how much money they actually make! What the 45m loss they made last year? Don't make me hurt you. They're obviously feeling the pinch like. That's why they paid 30mill for Berbatov. In fact I just tried to ring glazier and it was engaged. Then I rang up the administrators and it was also engaged!!! Man U are history!!!! Do you understand what leveraged buyout means? Couldn't give a flying fuck They're in no financial difficulties whatsoever... .. while they're successful couple of season without silverwear (which is unlikely but possible) and they'd be in trouble. Why? They aren't going to stop being a massive global brand by having a couple of poor seasons. They make their money because of their success, so I'd wager if that success were to falter, so would their income. Link to comment Share on other sites More sharing options...
Happy Face 29 Posted June 3, 2009 Share Posted June 3, 2009 They can afford it. Mmmm...We'll see. Are you suggesting that there's even a chance that they can't? I suggest you read up on how their debt is organised. I suggest how you read up on how much money they actually make! What the 45m loss they made last year? Don't make me hurt you. They're obviously feeling the pinch like. That's why they paid 30mill for Berbatov. In fact I just tried to ring glazier and it was engaged. Then I rang up the administrators and it was also engaged!!! Man U are history!!!! Do you understand what leveraged buyout means? Couldn't give a flying fuck They're in no financial difficulties whatsoever... .. while they're successful couple of season without silverwear (which is unlikely but possible) and they'd be in trouble. Why? They aren't going to stop being a massive global brand by having a couple of poor seasons. They make their money because of their success, so I'd wager if that success were to falter, so would their income. Not necessarily even that. If the recession worsens...and subscriptions to Sky Sports slow down...and future tv deals aren't what the last one was...and people can't afford so many official strips....and people can't justify the ticket price... That would be tough enough for them, without Fergie's retirement and the inevitable crash that will follow. Link to comment Share on other sites More sharing options...
sniffer 0 Posted June 3, 2009 Share Posted June 3, 2009 I'd still rather be them than us. Link to comment Share on other sites More sharing options...
Park Life 70 Posted June 3, 2009 Author Share Posted June 3, 2009 (edited) As already said that success has to be pretty much guaranteed for the cash to flow and for various sponsors to continue to finance adv and shirt deals. If they stop winning and I mean start finishing 3rd and 4th then the front foot risk and upfront loans will start to pull them down faster than a normal club. They made a whacking loss in the last accounts and that is taking into consideration an overall player transfer profit plus the extra tv money (about 18m extra for them). One wonders what will happen next season with the growing debt and perhaps no player profit and certainly no bonus tv pay out. Glazer has done a clever thing in that he has saddled the club with the debt for his leveraged buyout against 25yr future earings (bit like Fatty and our norther rock money but on a wildly more risky scale)...His bet was that he could continue to grow revenue, I'm not an expert but I have a hunch that in the current financial environment that revenue has all but topped out for football in real terms. If the plan is going well and they are posting losses what will happen when the first hiccup occurs, for they owe money not only to Bank of Scotland, but also JP Morgan, with whom he signed (allegedly) an asset ownership deal ie if he starts to default JP will gain control of transitional assets ie players. If these dominoes start to fall JP could make Man U sell players to service debt.....It will not could. Glazer alone is standing against somewhere between 700-900 Euro loans (only as guarantor - against the clubs future earnings). I'm not saying they are in trouble, I'm saying it is risk/gamble of sorts and with ballooning interest and ever increasingly nervous banks there are interesting times ahead. Edited June 3, 2009 by Park Life Link to comment Share on other sites More sharing options...
sniffer 0 Posted June 3, 2009 Share Posted June 3, 2009 I'd still still rather be them than us. Link to comment Share on other sites More sharing options...
Park Life 70 Posted June 3, 2009 Author Share Posted June 3, 2009 I'd still still rather be them than us. Oh I agree sniffs, I'm always more for the speculation side of things. Link to comment Share on other sites More sharing options...
LeazesMag 0 Posted June 3, 2009 Share Posted June 3, 2009 Quite an outstanding sum!!! sack the board. Terrrible. They obviously don't know what they are doing. Link to comment Share on other sites More sharing options...
The Fish 9009 Posted June 3, 2009 Share Posted June 3, 2009 Quite an outstanding sum!!! sack the board. Terrrible. They obviously don't know what they are doing. I'd buy yourself an mp3 player mate, this hifi of yours seems to break every record you own. Link to comment Share on other sites More sharing options...
Kid Dynamite 5937 Posted June 3, 2009 Share Posted June 3, 2009 Can anyone be arsed to make a league table out of that Link to comment Share on other sites More sharing options...
Happy Face 29 Posted June 3, 2009 Share Posted June 3, 2009 (edited) Can anyone be arsed to make a league table out of that Beats working... Debt.... Chelsea - £701m Man U - £699m Arsenal - £416m Liverpool - £280m Man City - £147m Fulham - £197m Newcastle - £106m Boro - £93m Aston Villa - £73m Sunderland - £69.2m Wigan - £66.4m Spurs - £65m Portsmouth - £57m Bolton - £52m Everton - £39m West Ham - £36m Blackburn - £17m West Brom £8.9m Stoke £2.3m Hull - £1m Edited June 3, 2009 by Happy Face Link to comment Share on other sites More sharing options...
Billy Castell 0 Posted June 3, 2009 Share Posted June 3, 2009 Debts of £17m, that is pretty good. Shame our turnover is so poor, otherwise we'd be even better. Oh how I'd laugh if Man Utd ended up 5th next season, and therefore out of the Champions League. They need to win either the league or the Champions League most seasons to make ends meet. Link to comment Share on other sites More sharing options...
The Fish 9009 Posted June 3, 2009 Share Posted June 3, 2009 IF Ashley eats that £100m do we effectively drop to £6m debt? Link to comment Share on other sites More sharing options...
Happy Face 29 Posted June 3, 2009 Share Posted June 3, 2009 Club Profit Liverpool n\a Arsenal £36.7 West Brom*£11.3 Fulham £3.2 Spurs £3.0 Blackburn £3.0 Everton £0.0 Hull* -£2.0 Sunderland-£4.9 Stoke* -£5.6 Aston Villa -£7.6 Boro -£8.3 Bolton -£8.4 Wigan -£11.2 Portsmouth-£17.0 West Ham -£22.0 Man City -£32.6 Newcastle -£34.0 Man U -£44.8 Chelsea -£84.5 *Non Premiership Most profitable non top 4 team came bottom. Link to comment Share on other sites More sharing options...
Happy Face 29 Posted June 3, 2009 Share Posted June 3, 2009 Club Wages/Turnover Liverpool n\a Stoke* 106.25% Wigan 89.30% West Brom*80.15% Portsmouth77.59% West Ham 77.54% Hull* 76.67% Newcastle 74.01% Fulham 73.18% Boro 72.50% Blackburn 70.39% Chelsea 69.76% Aston Villa 66.67% Bolton 65.99% Man City 65.86% Everton 58.55% Sunderland58.33% Man U 47.27% Spurs 46.12% Arsenal 45.53% *Non Premiership I mentioned it during the season, but i'm still not sure why relegation is so much more catastrophic for us than it is for Boro. Link to comment Share on other sites More sharing options...
Park Life 70 Posted June 3, 2009 Author Share Posted June 3, 2009 Debts of £17m, that is pretty good. Shame our turnover is so poor, otherwise we'd be even better. Oh how I'd laugh if Man Utd ended up 5th next season, and therefore out of the Champions League. They need to win either the league or the Champions League most seasons to make ends meet. Hope Citeh push on this year. Link to comment Share on other sites More sharing options...
Happy Face 29 Posted June 3, 2009 Share Posted June 3, 2009 (edited) I mentioned it during the season, but i'm still not sure why relegation is so much more catastrophic for us than it is for Boro. Club------Turnover--Debt------Wage Bill-Wages/Turnover-Profit----Interest Newcastle-£100.8----£106.0----£74.6-----74.01%/////////-£34.0----£6.6 Boro------£48.0-----£93.0-----£34.8-----72.50%/////////-£8.3-----£7.2 EDIT: Suppose it's that £40m wage bill difference. Edited June 3, 2009 by Happy Face Link to comment Share on other sites More sharing options...
Park Life 70 Posted June 3, 2009 Author Share Posted June 3, 2009 I mentioned it during the season, but i'm still not sure why relegation is so much more catastrophic for us than it is for Boro. Club------Turnover--Debt------Wage Bill-Wages/Turnover-Profit----Interest Newcastle-£100.8----£106.0----£74.6-----74.01%/////////-£34.0----£6.6 Boro------£48.0-----£93.0-----£34.8-----72.50%/////////-£8.3-----£7.2 EDIT: Suppose it's that £40m wage bill difference. Which we should be ditching anytime soon. Link to comment Share on other sites More sharing options...
Happy Face 29 Posted June 3, 2009 Share Posted June 3, 2009 I mentioned it during the season, but i'm still not sure why relegation is so much more catastrophic for us than it is for Boro. Club------Turnover--Debt------Wage Bill-Wages/Turnover-Profit----Interest Newcastle-£100.8----£106.0----£74.6-----74.01%/////////-£34.0----£6.6 Boro------£48.0-----£93.0-----£34.8-----72.50%/////////-£8.3-----£7.2 EDIT: Suppose it's that £40m wage bill difference. Which we should be ditching anytime soon. As a percentage of turnover it's just the same though. We'll both lose the same TV money which is a far smaller proportion of our turnover than it is to them. And, as you say, our wage bill can be halved easily. I reckon they're in more shit than us......except they've got a good, stable chairman who doesn't throw a wobbly every month and will support them in the lower league as he did in the top one. Link to comment Share on other sites More sharing options...
The Fish 9009 Posted June 3, 2009 Share Posted June 3, 2009 IF Ashley eats that £100m do we effectively drop to £6m debt? Link to comment Share on other sites More sharing options...
Craig 6308 Posted June 3, 2009 Share Posted June 3, 2009 Fucking hell, Fulham have more debt than I realised. Link to comment Share on other sites More sharing options...
Andrew 4226 Posted June 3, 2009 Share Posted June 3, 2009 Fucking hell, Fulham have more debt than I realised. me neither, possibly some remaining from the stadium renovation? Link to comment Share on other sites More sharing options...
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