Every experienced bloke or lass will tell you it's suicide.Said they have made significant investment with high net spend and will continue to do so, no actual details or promises so we might be investing in Sancho, Rice and Varane or we might get Hal Robson-Kanu on a free.
It's part of the bullet point list. They basically said feck you, we're not paying off a dime.
There was a comment was there? They have said they have no intention of paying it off. Presumably very happy to just keep paying the interest and leaving us with THEIR debt.
Morality aside, carrying debt is not unusual for a large entity. Interest rates are incredibly low making the servicing costs negligible. While some would argue that over time the costs could have been put toward the purchase a world class player, it's unlikley that the club would have put those funds into savings year over year so it's basically missing out on a squad player each season, something we can leverage our academy for instead. If the argument is that it could have been put to stadium upkeep or training ground improvements, again, the marginal annual amount would not likely have a significant impact.
Old Trafford Aeroflot
What on earth you on about here? I certainly have no idea
Yep. A real opportunity for some fan ownership and representation at board level. And some people still shit on it. Amazing.
And when interest rates sore again after the pandemic is a forgotten stain in our distant memories and the world's economy starts to recover.....what then?
This. And it’s something that so many opposition fans bring up to defend the Glazers. They’re basically bragging about completely wasting the clubs money.
It's not unusual but it's also unnecessary. We were debt free before these parasites leveraged the club in order to buy it. I don't know where you get the negligible amount from Doc but I've read it's been almost 1 billion taken out the club since they've been here. (Someone could correct me with the exact numbers)
Well, it's not my job to improve your reading comprehension.
Interest rates aren't going to "soar" anytime soon, they certainly won't be going up during a recovery. If they go up they go up incrementally quarter to quarter to lessen the shock to consumers who also carry debt.
Negligible annually, which is how entities look at these values.
interest payments decrease the level of taxable profit, and this tax. It’s not shady, it’s normal business practice and planning.
We operated on a much smaller budget as well. For me, it's a case of me and probably 99% of fans not really understanding the true impact/cost/benefit of it so I don't like going into it. If you look at it from a purely owner selfish POV, if it was actually harmful to their pockets they wouldn't want to have it. You could look at it as being extra money that they could pocket anyway. Swiss ramble has goody threads but I just don't know how useful it is to look at some of these figures in absolutes.
I wasn't asking for an explanation. Just pointing out your post was garbage.
How exactly do you plan on kicking them out? They are owners of a company valued it £4billion. Nobody can kick them out. The realistic best case scenario was always them to just be better, more engaged owners.
So was Casey Stoney when they told her two years ago they'd develop better training facilities for our women's team.
They've done it before, why change now?
Yeah that seemed like an easy win. Although I guess (just like the debt) they didn’t want to make specific financial commitments in view of all the uncertainty around the whole football business model right now.
Very good
What will happen that hasn’t before?
Sure, negligible only on the condition we maintain our value and income. Not to mention it was only done so they could buy the club. I understand what you're saying in that if we disregard how the debt came about a succesful large business could handle a chunk of debt no problem. I don't think further proof is needed though that our owners are in it for the cash and do not have the clubs best interest in mind therefore I am very hesitant to believe they will ever pay off the debt. We could be looking a few decades down the line at an obscene amount of money paid to banks for the privilege of having the glazers own us.
