We had the super league scheme just 2 years ago and even though the backlash was severe, you already saw some fans were receptive to the idea.
Do you know / is there a way to find out what % of the debt is long term vs short term? With the Spurs stadium deal for example, most of it was financed long duration at very attractive rates.
Shock horror! The most obvious development in the world.
I have a nine month baby girl I was up with all night as we are trying to sleep train her. I don’t think I’ve touched any alcohol for weeks now
That's a good thing.
Who’s going to entertain buying the club in the future after this shambles
Yes, having another club leapfrog us is definitely a good thing
not for the Glazers which was the context of the conversation
Fair enough and good point.
I don’t think there’s any substantial amount of high interest loan currently, the PIK loan was mysteriously paid off in 2010. In 2013, we refinanced a further £192m at 8.75% with Bank of America to 2.78% rate, then the next round of refinancing was in 2015 which expires in 2 years when we raised $425m in bond at 3.79% to redeem the previous secured bond at $269m. So the vast majority of our debt at the moment is about 4% at worst, and that tracks with about £20m interest payment annually.
Actually it is mostly pie in the sky, no club or league is making much money from their own subscription its all through broadcast deals, if it were so easy to monetize your fan base to sell subscriptions for big money there wouldn't be these big money tv deals for sports across the world we would have already moved on to only leagues running their broadcast. Also your debt financing argument is incorrect, debt refinancing isn't that difficult for a club of utd's size since its just replacing one debt with another, the problem the rats face is they have little in form of liquid assets to put up for the infrastructure lifts the club needs and no one is giving them even slightly palatable debt/loan to pay for those. The whole reason for sale was they couldn't afford to finance the new stadium and training facility and unless i missed the news where glazers suddenly found half a billion or more to spend, that reality has not changed.
And you are assuming they will invest in the infrastructure because…? There seems to be this universal belief that any raised funds will go towards the club, bizarrely from the most distrustful of current regime United fans, if that’s not cognitive dissonance I don’t know what is.
The glaziers are starting to become a real pane.
I don't think they do, personally. I just think it makes perfect sense for them to sell now or soon.
Daily Mail mate, its bollocks
Well, we did sign Jonny Evans...
Yeah makes zero sense, that. (Unless they’ve sensed what the Saudis are doing might be chanting the landscape of football a bit - super league etc. but still, couldn’t make a valuation based on a hunch!)
Good point
He'd have to win everything to boost the price up to 10b. Also said they should be trying to disrupt the Buccaneers. Take it close to home and annoy the other siblings who are more interested in them, we are just for giving them some pocket money.
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I don’t think it’s that complex and it’s just a great story for the media to use to get massive reactions and swings of opinion. The actual asking price hasn’t changed if you ignore some of the low tier sources, personally I just think the Glazers think Qatar will up the bid eventually to match that price. If you were selling your house for 300k, your buyer had offered 250k which seemed reasonable in the market but you know they had 20m in cash available, you would hold out if you don’t need to sell. We’re all just waiting on a long game of chicken.
He's right, but obviously has no idea what's going on like the rest of us. His tweet just reads like every other post in this thread.
Its not cognitive dissonance its just basic common sense, when we don't do well glazers allow the club to spend big not because they want to because they need to. You seem to have let cynicism win out over critical thinking, if we lived in glazer land they would happily make fans sit in cardboxes instead of a stadium to save money, in real world they can't. Bad stadium hurts the club in terms of pr loss and financially , a better stadium makes you money and provided good pr that helps you make money. That is a especially true for utd where the stadium is in going to need major investment, they can delay but eventually they have to pay it and money to pay it off is something they don't have nor they ever will.
He’s only right if you assume that the Glazers think as he does: that they need to make capital investments in the stadium and training ground in the short term. If they decided, say, to simply park the issue, there’s no reason they couldn’t truck along for another few years, just painting the outside of the stadium every so often in the name of progress and renegotiating facilities with ever-increasing interest rates. Their game is now to extract the maximum value from the asset. I’m not sure I see the idea that they’ve snookered themselves. They’ll take their chances on CL football and overall growth in the game.
I'm not sure the Glazers understand the strength of feeling amongst fans here. The backlash will be huge and won't go away, I can genuinely see matches getting abandoned on a regular basis etc.
