Debt in General

Scholesy · 6th June 2008, 13:11

Ok, Im confused.

See how we are in £700M debt, where the fuck has this come from?

kishankhagram · 6th June 2008, 13:11

Glazers borrowing.

A1Dan · 6th June 2008, 13:18

Quote:

Originally Posted by Scholesy

Ok, Im confused.

See how we are in £700M debt, where the fuck has this come from?

The Glazers borrowed it to buy the club. They then transfered the debt from themselves to the club they owned (although I believe I read in MUST read that they may have transferred some back to the holding company for some reason).

Jacob · 6th June 2008, 13:19

You think the Glazers payed for United in cash?

[Hellboy]17 · 6th June 2008, 13:22

What was the value of the club when the Glazers took over ?

ralphie88 · 6th June 2008, 13:27

Quote:

Originally Posted by [Hellboy]17

What was the value of the club when the Glazers took over ?

Around £850m I think.

Wit Tanker · 6th June 2008, 17:50

Quote:

Originally Posted by ralphie88

Around £850m I think.

What is it now?

kietotheworld · 6th June 2008, 17:52

Quote:

Originally Posted by Wit Tanker

What is it now?

Between £900m and £1Bn. Of course, it's only an estimate unless someone actually buys the club

[Hellboy]17 · 6th June 2008, 17:52

Quote:

Originally Posted by ralphie88

Around £850m I think.

£500-550m borrowed in the process then

Now the club is valued at 1 billion + I think

Doogie · 6th June 2008, 18:01

Quote:

Originally Posted by kietotheworld

Between £900m and £1Bn. Of course, it's only an estimate unless someone actually buys the club

Forbes says United is worth $1.8bn that is around £915m

So you are right abouth that number, as far as Forbes can be trusted.

ThatOldRedMagic · 6th June 2008, 22:01

It's a mistake to obsess about the debt. It's not unusaul for businesses to be taken over via debt. What's important is the direction they subsequently take. So many debt-free businesses are so because they are excessively cautious. It's not unlike the parable of the talents (but then I'm an atheist!)

6th June 2008, 13:11	#1 (permalink)
Scholesy biggest idiotic gay in the village Join Date: Oct 2006 Location: Brap Posts: 3,805	Debt in General Ok, Im confused. See how we are in £700M debt, where the fuck has this come from?

6th June 2008, 13:11	#2 (permalink)
kishankhagram Reserve Team Player Join Date: Jan 2008 Location: London Posts: 1,630	Glazers borrowing.

6th June 2008, 13:19	#4 (permalink)
Jacob ralugeR maeT tsriF Join Date: Oct 2005 Location: Fall seven times, stand up eight. Posts: 11,525	You think the Glazers payed for United in cash?

6th June 2008, 13:22	#5 (permalink)
[Hellboy]17 Reserve Team Player Join Date: Aug 2006 Location: Berba-Town Posts: 4,703	What was the value of the club when the Glazers took over ?

6th June 2008, 22:01	#11 (permalink)
ThatOldRedMagic Reserve Team Player Join Date: Apr 2008 Location: Diss, Norfolk Posts: 2,279	It's a mistake to obsess about the debt. It's not unusaul for businesses to be taken over via debt. What's important is the direction they subsequently take. So many debt-free businesses are so because they are excessively cautious. It's not unlike the parable of the talents (but then I'm an atheist!)