Football: Glazers SOS to Man Utd Stars

measey


Joined: 07/02/2009
Posts: 1037

Message Posted:
19/01/2010 11:31

Well this is very clever , pay them wages then ask for it back to service ther debt. Newcastle Utd comes to mind.



Keith.

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
19/01/2010 11:39

Keith, I must be the only one who hasn't got a clue what you are writing about. And this makes me very happy.

DutchCrusader



Joined: 19/05/2008
Posts: 11281

Message Posted:
19/01/2010 11:40

Keith, what do you think about the next Presidential elections in Northern Cyprus?

donga


Joined: 01/04/2009
Posts: 272

Message Posted:
19/01/2010 11:43

couln't happen to a nicer set of fans





I'm lovin it lovin it lovin it............................................



Wait till the end of the season when they will be automatically relegated with a minus 10 point start...................... you have been warned.





PMSL............................................ aint it great

measey


Joined: 07/02/2009
Posts: 1037

Message Posted:
19/01/2010 11:44

DC. If it makes you happy then it makes me happy two.



Keith.

measey


Joined: 07/02/2009
Posts: 1037

Message Posted:
19/01/2010 11:53

DC. I would like to see Turkey take over and become the Republic Turkey not TRNC so no comment directly

about the Elections.



Keith.

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
28/01/2010 13:20

Dutch,

I think Rooney will walk it,

Paul.

Geoff1131MK11


Joined: 04/04/2009
Posts: 396

Message Posted:
28/01/2010 13:50

newlad you may be right. All the way to Barcelona.

Joe Soap


Joined: 17/10/2008
Posts: 170

Message Posted:
28/01/2010 15:47

Yes it is clever to ask soccer stars ridiculous wages and then ask for some back to keep the club functioning. But then the Glaziers are known for their audacity



What I think is even cleverer, is to buy the shares of a football club with money from someone else (the bank) and use the club's assets as collateral. So they have no money outlay............. and no risk. (The bank has both, but charges a hefty amount of interest, which keeps it happy.)



In other words you don't pay out any money of your own to buy a soccer club. The cost of the money borrowed, the loan is financed by the company. So all the interest on the loan is paid for by the Club. Good isn't it.



A problem arises when the income cannot adequately meet the operating costs, essentialy because of the high interest costs.......... pigeons coming home to roost at Old Trafford comes to mind.

Geoff1131MK11


Joined: 04/04/2009
Posts: 396

Message Posted:
28/01/2010 20:12

Last weeks bond issue by united is said to have raised around £500 million. That looks good at first sight. But it was also reported last week that the Glaziers plan to pay the ' Directors ' £600 million next year as dividends and bonuses. That does not leave Sir Alex with an awful lot to spend in the transfer window.

Joe Soap


Joined: 17/10/2008
Posts: 170

Message Posted:
28/01/2010 20:35

Geoff , couldn't agree with you more.



The Glaziers look to be continuing to squeeze money from Man Utd. at every opportunity. Once the revenue stream has abaited I suspect they will move on to some other unsuspecting victim.



The losers will be the supporters, I fear...............