ALL issues relating to the bond issue and club finances
- Thread starter sammsky1
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Well Bloomberg reported that they won't be touching any of the clubs money. lets see...
It wasn't ridiculous, you're just a big drama queen.
I was just wondering who gets those emails, but sorry for upsetting you.
So potentially secure a standard loan on the club at a lower rate than the PIKS. I would guess that they would then look to refinance with the bond when that comes due and roll up everything into one debt at a more favourable rate?
I wouldn't put all our faith on a line from some journo like that though. But as you say, let's see...
It wasn't ridiculous, you're just a big drama queen.
I was just wondering who gets those emails, but sorry for upsetting you.
Instead of asking petty point scoring questions on how he received the news (like it matters anyway) why not comment on the actual news itself, ya know the news that looks very good for the club as a large portion of the debt is being paid off? or doesn't it fit your agenda to comment on such news.
Seems odd rather than discuss what actually looks to be great news for Manchester United your more concerned with quizzing someone on the internet on how it was found.
It wasn't ridiculous, you're just a big drama queen.
I was just wondering who gets those emails, but sorry for upsetting you.
It's just that we've been through it all before a million times with fredthepie; GCHQ doesn't want to reveal what he does for a living, get over it.
Hopefully they've secured the loan against a different part of the Glazer portfolio
I haven't asked him to, you bunch of weirdos, I just want to know where that emails from! Forget it, if there's some reason we can't be told. Like somebody said, it's not very important.
is it possible that they are taking personal bonds on this, so essencially this is just refinancing? it will probably cost them about 20 million in fees, but saves millions in interest.
ideally this would be another investor with buckets of cash, but thats highly unlikely.
ideally this would be another investor with buckets of cash, but thats highly unlikely.
I guess we'll find out more tomorrow.
Right, I'm going to bed. See you lot tomorrow then.
Evening all !
Just putting this out there but the other possibility is that they've received an offer too good to turn down and have sold the club in its entirety. I think that's actually more likely than a small equity sale to pay down the PIKs.
You did, but I doubt very much that it will be done in the way that you predicted as I dont think it is possible to use RCF for this.
would the bond holders not need to be informed of such an action, or can they be kept in the dark as long as they are getting the money they are due?
I'm shit at all this financing stuff but I was just about to put this possibility out there but I didn't want to make an arse out of myself!
The RCF would be used as working capital releasing other funds. However, GCHQ seems pretty sure than they can't channel more than the £95M up to RFJV.
Surely this news would have leaked? I cant believe such a deal could be done in secret
Might not need to be an equity sale as such - they could swap the debt for equity?
In fairness, the Man City buyout came out of nowhere. Woke up in the morning to rumours, by 9am it was confirmed and City were bidding for everyone.
The bond holders need to be told, of course, like tomorrow morning for instance. The holders of the PIK debt have been told they're getting their money back. Whether they'd need to be told at this stage that the club has been sold I'm not sure.
It's just wild speculation from me though, by far and away the most likely reason for the PIKs being paid down is that the Glazers are refinancing them with new borrowing.
That is not true at all - Thaksin was openly trying to sell City for a while before the Arabs took over.
So you knew about the Man City buyout yeah? Fair play to you. I knew Thaksin was looking to sell, but the actual buyout, which is what i said, came out of freaking no where from what I could see. There was no talk of it at all. From memory, there was talk of City being fooked cause Thaksin couldn't sell and was about to have all his assets frozen. Certainly no talk of a sale about to go through, never mind to one of the richest groups on the planet.
I've bought United
It's all good
Gonna leave FredtheRed takeover
It's all good
Gonna leave FredtheRed takeover
Not necessarily, no. It's actually far more likely, in my opinion, that news about a potential refinancing with new borrowing would have leaked out before now. If the owners of Manchester United are sniffing around the credit markets looking for £200m+ then you tend to get wind of it. Whereas the sale of a private company can be done very quickly and secretly. I've probably just had one too many glasses of red wine though..
Big fecking deal! This changes nothing- You've said all along that the Pik's are glazer debt and not United's- so they've decided to pay off their own debt instead of the millstone they've hung around United's neck ( probably with another loan ). But it's a cast iron certainty that the crafty bastards will find a quick way to make us pay for it.
have a nice day!
What a fecking tease- this is just a pathetic attempt to be liked after all the glazer crap you have posted.
Precisely Crusoe
Straight from the glazer dudes mouth!
Evening (morning) looney twins.
Which was the point I was making and why it would be very different from a Glazer sale being announced tomorrow. The rest is irrelevant.
I think so but I guess anything is possible!
I believe that this is all about PR now - I think the club will spin this as the Glazers using their own resources to pay off the debt (maybe they will still take the £95m or part of it). I am not sure what exactly they are obliged to report to the bond holders about the source of repayment, perhaps not that much?
You obviously know what is going on, just who the hell are you?
Typical high quality Rood post
Hit a nerve did I?
Sell the club?
I thought they were in it for the long term....
I thought they were in it for the long term....
The Glazers are so crooked they can't lie straight in their beds at night, anything is capable from such lowlife people
from andersred blog:
"...As someone who has repeatedly and vehemently stated that the club's money would be used to repay the PIKs, I can only eat humble pie at this point. Another source has clearly been found and that means I was wrong..."
Respect for the admission anders - I wont hold my breath for hearing similar from MUST et al.
"...As someone who has repeatedly and vehemently stated that the club's money would be used to repay the PIKs, I can only eat humble pie at this point. Another source has clearly been found and that means I was wrong..."
Respect for the admission anders - I wont hold my breath for hearing similar from MUST et al.
it's been stated a fair few times on here Asset stripping can never happen so we can rule out the Carrington sale leaseback idea.
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