| 1 Billion in debt and... on 18:51 - Oct 14 with 3559 views | Nthsuffolkblue |
What is the actual value of the assets? If debt exceeds assets isn't that a problem? Or is it OK if the debt is over a long enough period that the assets are likely to realise sufficient income to service it? |  |
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| 1 Billion in debt and... on 19:03 - Oct 14 with 3498 views | EssexBloo |
That’s insane. Who is it owed to?
What was our debt when we went into administration? I’d guess it was less than £10m |  | | |
| 1 Billion in debt and... on 19:08 - Oct 14 with 3456 views | Basuco |
| 1 Billion in debt and... on 19:03 - Oct 14 by EssexBloo |
That’s insane. Who is it owed to?
What was our debt when we went into administration? I’d guess it was less than £10m |
Outstanding payments for players is an unknown and not a problem, also debts on loans are not an issue as income more than covers repayments. Still a huge amount to owe but no problem in servicing for Utd. This is the mad world of Premier League big clubs. |  | | |
| 1 Billion in debt and... on 19:08 - Oct 14 with 3450 views | Cornette |
Manchester United are worse run than WCW under Ted Turner and Bischof. |  |
| It's triple cheese, extra cheese, mayo, pickles, onions ONLY, large fry, with a Sprite, you dumb bitch! |
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| 1 Billion in debt and... on 19:10 - Oct 14 with 3446 views | gtsb1966 |
Imagine being a United fan and reading this.
It is understood that Sheikh Jassim's bid would have been a fully cash offer and would have cleared all old debt. There would also have been more than £1.4bn to finance new stadium plans, new training centre facilities, buy players and also for community regeneration projects. |  | | |
| 1 Billion in debt and... on 19:18 - Oct 14 with 3365 views | XYZ |
| 1 Billion in debt and... on 19:10 - Oct 14 by gtsb1966 |
Imagine being a United fan and reading this.
It is understood that Sheikh Jassim's bid would have been a fully cash offer and would have cleared all old debt. There would also have been more than £1.4bn to finance new stadium plans, new training centre facilities, buy players and also for community regeneration projects. |
I'd bet that he hasn't really pulled out and the dissemination of those details and the level of debt is designed to put the squeeze on the Glazers ... | | | |
| 1 Billion in debt and... on 19:19 - Oct 14 with 3362 views | Cornette |
| 1 Billion in debt and... on 19:10 - Oct 14 by gtsb1966 |
Imagine being a United fan and reading this.
It is understood that Sheikh Jassim's bid would have been a fully cash offer and would have cleared all old debt. There would also have been more than £1.4bn to finance new stadium plans, new training centre facilities, buy players and also for community regeneration projects. |
Imagine being a heterosexual white male in Britain at this moment. | |
| It's triple cheese, extra cheese, mayo, pickles, onions ONLY, large fry, with a Sprite, you dumb bitch! |
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| 1 Billion in debt and... on 19:22 - Oct 14 with 3329 views | davblue |
| 1 Billion in debt and... on 18:51 - Oct 14 by Nthsuffolkblue |
What is the actual value of the assets? If debt exceeds assets isn't that a problem? Or is it OK if the debt is over a long enough period that the assets are likely to realise sufficient income to service it? |
with them needing to revamp Old Trafford, and the training ground plus continue to spend in the market the Glazers not putting in a penny, if they don't sell where is the money coming from?
Radcliffe would be a fool to invest with the Glazers, he would be starting on the back foot straight away.
They could quite easily end up as the next Barca, loaded with debt and for what? At least Barca won some leagues and champions league. Their ownership reminds me so much of Evans' ownership here. A lack of care, not being smart, it's a shambles. |  | | |
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| 1 Billion in debt and... on 19:37 - Oct 14 with 3217 views | Illinoisblue |
| 1 Billion in debt and... on 19:19 - Oct 14 by Cornette |
Imagine being a heterosexual white male in Britain at this moment. |
Why? |  |
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| 1 Billion in debt and... on 19:45 - Oct 14 with 3158 views | thatbdude |
| 1 Billion in debt and... on 19:03 - Oct 14 by EssexBloo |
That’s insane. Who is it owed to?
What was our debt when we went into administration? I’d guess it was less than £10m |
Not sure about how much debt we were when entering administration but halfway through administration we had debts of £54 million
https://www.theguardian.com/football/2003/apr/16/newsstory.sport |  |
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| 1 Billion in debt and... on 19:52 - Oct 14 with 3114 views | thatbdude |
Imagine if Man United actually went into administration? Surely the potential reality of one of biggest clubs in the world going bust be the biggest story in the sport on financial terms | |
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| 1 Billion in debt and... on 23:47 - Oct 14 with 2587 views | Churchman |
| 1 Billion in debt and... on 19:52 - Oct 14 by thatbdude |
Imagine if Man United actually went into administration? Surely the potential reality of one of biggest clubs in the world going bust be the biggest story in the sport on financial terms |
They won’t go bust. If people are bidding £5bn to buy the club, the debt is only 20% of that. I suspect it’ll be sold for a lot more than £5bn anyway. This is chump change to the Saudis and co who are buying up sport.
I appreciate the numbers are eye watering but for one of the biggest sport brand names in the world is it that much? |  | | |
| 1 Billion in debt and... on 02:39 - Oct 15 with 2486 views | ArnoldMoorhen |
| 1 Billion in debt and... on 19:19 - Oct 14 by Cornette |
Imagine being a heterosexual white male in Britain at this moment. |
I don't have to imagine, I am one.
Yeah, you're right, it's not great. Cost of living. War and shocking inhumanity on the News every night.
Still, could be worse. I have never been queer-bashed, or had racist graffiti daubed on my house, or been refused accommodation because of my skin colour. | | | |
| 1 Billion in debt and... on 05:46 - Oct 15 with 2435 views | C_HealyIsAPleasure |
| 1 Billion in debt and... on 19:18 - Oct 14 by XYZ |
I'd bet that he hasn't really pulled out and the dissemination of those details and the level of debt is designed to put the squeeze on the Glazers ... |
Those figures have been known since March
https://www.bbc.co.uk/sport/football/65131177 |  |
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| 1 Billion in debt and... on 07:39 - Oct 15 with 2330 views | Buhrer |
| 1 Billion in debt and... on 19:19 - Oct 14 by Cornette |
Imagine being a heterosexual white male in Britain at this moment. |
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| 1 Billion in debt and... on 09:09 - Oct 15 with 2079 views | Pendejo |
It would be an interesting case study for a forensic accountant; find out how much the Glazer family has trousered, how much related to the original purchase (IIRC there was a mutter about this at the time), what transfer payments are owed and time frame for payments.
At some point the debt could become unserviceable or they have to make a policy decision to limit their exposure in the transfer market making it (probably?) harder to compete. Failure to qualify for CL would impact both income and potential transfer values of players and the cycle of decline (known as an "Evans Era" ) sets in.
Manure were always a profitable club so, despite debt, should have some cash reserves but they tend to dwindle rapidly.
Like any company that goes into administration, the losers will be small company suppliers with little or no accounting provision for bad debt, and can be a domino effect. |  |
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