£325,000,000

Discussion in 'Manchester United Forum' started by DubaiReds, Jan 14, 2010.

  1. Jan 14, 2010
    #1

    DubaiReds Full Member

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    Just reading The Times apparently since the Glazer takeover in 2005 we have paid to the banks around £325,000,000

    Just think of the players we could have bought with that or keeping ticket prices down the paper observes

    It's a very sobering and worrying thought

    we want our club back.........somehow
  2. Jan 14, 2010
    #2

    RedNome Cnut Rating: 9 (Conservative)

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    I was wondering when we would get round to talking about this.
  3. Jan 14, 2010
    #3

    esmufc07 Won the Grand National Sweepstake once Scout

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    It's an insane amount of money. And that's just all fecking interest, not a penny being paid off on the actual debt.
  4. Jan 14, 2010
    #4

    lewstherin Full Member

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    We could have bought another club with that!
  5. Jan 14, 2010
    #5

    Sam New Member

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    Just fecking obscene. Makes you sick.
  6. Jan 14, 2010
    #6

    olesmyhero Emmy Moses

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    Does England do government bailouts?
  7. Jan 14, 2010
    #7

    Sc40les New Member

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    We could have bought 10 championship clubs.
  8. Jan 14, 2010
    #8

    Crerand Legend New Member

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    I am no Glazier fan but that figure does not sound right, perhaps some of caf accountants can clarify
  9. Jan 14, 2010
    #9

    AttackingFlair Full Member

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    Wow.
  10. Jan 14, 2010
    #10

    lewstherin Full Member

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    We could have bought Liverpool, took Torres and sold off all their assets.
  11. Jan 14, 2010
    #11

    Collina Full Member

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    We could've outbid Wigan for Caldwell if we had that amount of money available!
  12. Jan 14, 2010
    #12

    DubaiReds Full Member

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    As I said I'm quoting from a Times article and if the amount is right then it's very disturbing
  13. Jan 14, 2010
    #13

    NextSeason Full Member

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    That's bollocks that figure if it's just interest. That must include some of the loan money being repaid.
  14. Jan 14, 2010
    #14

    lewstherin Full Member

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    Link?
  15. Jan 14, 2010
    #15

    rednev There is non worthy of worship except God

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    The club was bought with borrowed money, so I don't think you can say 'think of the players we could have bought with that'. If the club wasn't bought on borrowed money, then the owners would need to be taking more money out of the club to make a profit. Although that's not to say the interest payments are not an infuriating waste of money.
  16. Jan 14, 2010
    #16

    Allforone Full Member

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    United could spend £85million on David De Gea, Phi
    Well i be blowed an article about our finances and the Glazers.....a collecters item....
  17. Jan 14, 2010
    #17

    DubaiReds Full Member

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  18. Jan 14, 2010
    #18

    Crerand Legend New Member

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    They are literally everywhere, the press can wait to bring us down it is like Christmas has returned, Rooneys leaving, SAF is going to leave, Carrington and Old Trafford sold, Leeds Mk 2. Now things with our least favourite Americans isnt rosy but I am pretty sure that we will survive, thankfully the debt is still nowhere near what the club is worth. The press are as bad as the Glaziers
  19. Jan 14, 2010
    #19

    MrMarcello Full Member

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    That much cash could pay off debts of the MLS and sustain it for years.
  20. Jan 14, 2010
    #20

    TonyMontana New Member

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    what the feck
  21. Jan 14, 2010
    #21

    soulblight3r Full Member

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    You know, we're all waiting for you to buy the club. Stop sitting on your arse..
  22. Jan 14, 2010
    #22

    Alex New Member

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    Years, more like centuries
  23. Jan 14, 2010
    #23

    dev1l Full Member

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    tbf even when we were a plc, lot of money used to end up as divident, though i do not think the amount was anything like this
  24. Jan 14, 2010
    #24

    Sunny Jim Full Member

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    hmm if you take a loan and there 14% interests (PIK) on it and sum is massive its kinda no surprise the overall sum will be even bigger. but feck me....that's staggering.


    any comment form the club. seriously there have to be some reaction!!
  25. Jan 14, 2010
    #25

    ::sonny:: Full Member

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    The Glazers are like a terminal cancer, need to get rid of them, or they will bring us to a slow death

    There's only one way, and it's to boycott the club, when they will see attendance=0, merchandising=0, maybe they will sell the club

    Otherwise, they will continue to speculate until to the bankrupt

    After the bankrupt they will say "thanks and goodbye" and they will fly away with a helicopter in the middle of the night
  26. Jan 14, 2010
    #26

    Red Indian Chief Torn Rubber Thus says Kemo

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    I often wonder how people with out enough money of their own, were allowed to make a hostile take over. By getting loans with/against assets they never even owned in the place. Capitalism is a strange animal.
  27. Jan 14, 2010
    #27

    DubaiReds Full Member

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    Haven't you heard Dubai's bankrupt as well. anyway don't live there anymore so I've got no money as well - come to think of it just like the Glazers' :rolleyes:
  28. Jan 14, 2010
    #28

    Sunny Jim Full Member

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    see that staggers me as well. its like i could buy that club.

    but this ownership structrure begs a question- who really owns the club- The galzers or the banks?
  29. Jan 14, 2010
    #29

    RedThaiDevils#7 Full Member

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    No club in the world pays 65m pounds per year in just interest. That's just my 2 cents though.

    Unless the glazer's were just cheap stakes and borrowed the initial investment say 800m pounds and they have to pay 7.5% interest to the bank a year then it could be true.

    Anyhow, if they are paying anything more than 30m pounds up just for interests to the bank then we should shoot them. We weren't in this much debt before they took over, now look at us. What is the point of them buying us if they do not make the club a better club.
  30. Jan 14, 2010
    #30

    Great Hat New Member

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    Yes. And despite unforseen revenue which has also come into the club since the Takeover, as well as the TV and Competition money from winning or reaching the latter stages of nearly every competition, we're still struggling to pay off the interest.

    £325,000,000 is an insane amount. It makes you wonder where it'll all end, and how much ticket prices will have to go up, and who will have to be sold, before the attendances do drop sharply (which I think will happen in the next year or two).

    The club has also made a £42m profit in the last year, according to figures, but I have a funny feeling I know where it's going...
  31. Jan 14, 2010
    #31

    Red Indian Chief Torn Rubber Thus says Kemo

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    My thoughts exactly:lol:

    Good question.
  32. Jan 14, 2010
    #32

    Amir Full Member

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    You need a buyer in order to do that.
  33. Jan 14, 2010
    #33

    Gambit Desperately wants to be a Muppet

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    From the glazers viewpoint $529,642,837.06
  34. Jan 14, 2010
    #34

    Gambit Desperately wants to be a Muppet

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    and leadership.