Originally Posted by roodboy
I havent got a clue what you are all on about!
I couldnt give a flying fuck if the Glazers business empire is collapsing (which it isnt anyway).
I have never ever talked about First Allied or the Buccs because they are of little relevance to Manchester United. I have only looked to analyse the financial situation at our club and in my opinion things are not so bad, any negative situation at any of the other Glazer companies does very little to change that.
As I said previously, the only difference any of this makes to us is that if the Glazers are stuggling elsewhere (and I doubt things are anywhere near as bad as some may try to make out), then it means they would be more likely to sell if a decent offer came in.
I dont usually post stuff like this but it seemed particularly apt today:
Of course their business empire is relevant to United, you dopey plum.
They used their other business assets as collateral to buy a stake in United.
Taking out fuck off big loans which now have to be repaid. Read Andersreds blog. They are reaching the end of their interest only periods on many of their malls, and now they have to start repaying the debts.
The malls arent generating anywhere close to enough money to pay off those debts. Some arent even managing to cover the interest as it is, let alone covering future payments of the actual debts themselves.
The bucs dont have any money..
So where is that money going to come from ? They dont have any more assets, they've sold them all.
The shopping malls need money to pay off their debts
The bucs dont have it
United does have it.
Do the sums....
If you seriously cannot see where all this is heading then you are either extremely naive or extremely stupid. I am going to give you the benefit of the doubt and say its the former.
They used their shopping malls to buy into United, and now they are going to ask for that money back...
Thats the bottom line.
If you cant see how thats relevant to United, then I truly despair.