Footbal: Man u deeper in debt

Geoff1131MK11


Joined: 04/04/2009
Posts: 396

Message Posted:
08/10/2010 14:01

It's just been anounced that even though Man u made a £100 million pound profit on their football operation last year, they are now over £80 million pounds deeper in debt than last year!!!! This means that the whole £100 million has been eaten up by interest payments and increased their debt by £80 million.

How much longer can this great club continue to increase its debt before the inevitable happens???????

Scoty


Joined: 23/05/2010
Posts: 846

Message Posted:
08/10/2010 14:54

the sooner one of the big clubs gets hit really hard for their debts - the better. clubs who try to run an efficient business cannot compete on a monetary level with those that are allowed to run up massive debts with no repercussions.

How many smaller clubs have suffered having own a small percentage of that ammount

kavenkoy


Joined: 10/04/2008
Posts: 1787

Message Posted:
08/10/2010 16:04

ah the good old debt rumour again



if its operating debt ,look no further than man city ....lost 130million net operating loss,now when arabs finish playing with it ......allthough this chap at city wants to put a hotel and large casino next to the wastelands stadium



any way geoff i would have thought you lot had enough to worry about with in house battles and now high court



kav

Geoff1131MK11


Joined: 04/04/2009
Posts: 396

Message Posted:
08/10/2010 17:14

kav, i dont think we have anything to worry about anymore. If Hicks goes to court and wins, the prospective owners will probably go to the RBS and 'buy' the debt. The bank is only interested in getting its money back, whether that is making a scheduled repayment or paying the whole debt down. Once they own the debt, they can call it in whenever they like, so if Hicks has any sense, he would walk away now otherwise the club will be put into administration and sold to the highest bidder, which i am guessing will be the guy who holds the debt. Its a win win situation for him. Then Liverpool FC will be debt free and able to rebuild, unlike united who have all this to come but on a larger scale. Over £522 million in debt now, god knows what the annual interest is on that!!!!! United have just had their biggest ever operating profit at £100 million, and that was still not enough to reduce the debt. So if they cant make the same amount next year, the debt will be even higher.

swannee7


Joined: 21/08/2009
Posts: 394

Message Posted:
08/10/2010 19:31

Did Gordon Brown have anything to do with managing the club's books??? Sounds like they're being sucked into that same black hole GB created for the UK economy!

measey


Joined: 07/02/2009
Posts: 1037

Message Posted:
08/10/2010 19:34

me recons there right in the MANURE GOOD.

kavenkoy


Joined: 10/04/2008
Posts: 1787

Message Posted:
08/10/2010 19:36

but geoff as we keep saying debts ok if you can repay it ....united is a far more attractive purchase globally for some wealthy chap .

so the figure of 1.5billion a figure papers spoke about .



i admit paper talk and wealthy arabs or chinese are different matters .



i do hope liverpool get sorted and back to winning ways .when i grew up they won everything ....



for my mates they are gutted as they are liverpool fans ,but as we know uniteds time will come as fergie goes this year .

as key players like scholes ,giggs ,van der sar retire this year ....so the future isnt that bright now



kav

ps still i would like to see you lot relegated ,lol take care

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
08/10/2010 19:39

http://www.fc-utd.co.uk/



I watch these now more then i do United.Such a sorry and sad state of affairs,

Paul.

measey


Joined: 07/02/2009
Posts: 1037

Message Posted:
08/10/2010 19:42

Maybe Rooney should open a Brothel could bring in much needed Finace.

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
08/10/2010 19:55

No point Measey those b******* called the Glazers would just bleed dry again,



Paul.

Scoty


Joined: 23/05/2010
Posts: 846

Message Posted:
08/10/2010 20:16

msg 9 may be your cup of tea but not many others. Depends what you are charging1

measey


Joined: 07/02/2009
Posts: 1037

Message Posted:
08/10/2010 20:23

Newlad. Touge in Cheek Man U Needs British Owners Me Thinks, maybe the SUPPORTERS have more idea than the Double Glaziers.



Measey.

measey


Joined: 07/02/2009
Posts: 1037

Message Posted:
08/10/2010 20:24

Scoty. bit flippant sorry.

newlad



Joined: 02/03/2008
Posts: 7819

Message Posted:
08/10/2010 20:26

Measey whats a touge,lol

measey


Joined: 07/02/2009
Posts: 1037

Message Posted:
08/10/2010 20:34

Newlad. the thing inside you mouth my spelling crap.

measey


Joined: 07/02/2009
Posts: 1037

Message Posted:
08/10/2010 20:36

No1. help matey you must have the right contact.



Measey.

measey


Joined: 07/02/2009
Posts: 1037

Message Posted:
08/10/2010 20:40

Whoops wrong post sorry.