ALL issues relating to the bond issue and club finances

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Got on a nerve. Crerand's problem is that he perceives people getting wound up by his thick-headed attitude as evidence that he's somehow right in what he's saying; that and his hypersensitivity to even the mildest of insults.

A typical conversation with Crerand would go as follows, sans spelling, syntax and grammatical errors:

Crerand - The Glazers are going to take all our money and you know it.

Recipient - No, we've told you a thousand times already, they can't.

Recipient goes on to explain for the thousand and oneth time why Crerand is wrong.

Crerand - Just face it, they're going to take all our money!

Recipient - What?! Can't you read? I've just explained it to you!

Crerand - The Glazers are going to take all our money and you know it.

Recipient - You're a moron.

Crerand - I've always found that people only resort to insults when they're losing an argument.

Recipient - wtf, feck off.

Crerand - Touched a nerve have I?

Recipient - No, you're just impossible to talk to.

Crerand - Calm down!!!!!!

Recipient - Jesus, man, what's wrong with you?

Crerand - Oh more insults! You're obviously not able to stand up to hard questioning and are just resorting to insults like usual.

Recipient - That wasn't even an insult.

Crerand - I don't care anyway, I'm crying with laughter here from all your insults, it's water off a duck's back to me.

Crerand pm's all the mods complaining about how insulted he is.

Recipient - Right, well, just shut up for a bit Crerand while we get back on topic. Erm... where were we...? yeah, with the increase in EBITDA that'll follow from the commercial growth we'll probably...

Crerand - The Glazers are going to take all our money and you know it.

Recipient - JESUS!!!

Crerand - I'm never posting in this thread again.

:lol::lol::lol::lol::lol::lol:
 
I notice that AndersRed has revealed terms and conditions of the PIK on his blog. On another day, I guess this would constitute big news (as far ad this thread is concerned).

Main points:
1) Early redemption penalties in year one and two of 2% and 1% (smaller than I would have assumed). Nada thereafter.
2) No fixed repayment dates for partial repayments- only a few days notice required.
3) Pik backed by all (100%) the shares in RF Limited.
4) A change in ownership would require full redemption of the pik.

4 is obvious but statements issued on behalf of the Glazers indicate that this is not in play here.

Seems pretty standard stuff. Would have cleared up a few minor points though had it not have been made obsolete twenty-four hours ago. 1, 2, and 4 were obvious anyway.
 
MUST or me which one winds up Cider the most?

That's a good question. Though you're an irritant I guess you're harmless, like an old farting dog that won't die. MUST on the other hand are the reason you're even here farting you're stinky old dog farts into my ill-amused - and rapidly losing the will to live - face.
 
Evening Gents. Has Gill's interview with US radio station SiriusXM been mentioned yet?

There are some quotes in this guardian article:

Gill told the US-based satellite radio station SiriusXM that the issue of a mandatory call notice signalling the Glazers intention to pay back the loans in full next Monday proved his long-held contention that they were nothing to do with the club. "I have been saying for years that they were nothing to do with the club and they weren't," he said. "They were accruing interest at roughly 16.25% so they're being paid down and the only thing I know is that they are not using any of the club cash. We've got over £100m in the bank and they are not using any of the club cash to pay that down so that's all I can say really."

Manchester United fans want answers as Glazers prepare to pay off debt | Football | The Guardian


There's no way Gill comes out with that comment today with it then emerging within a matter of weeks that the PIK debt has been refinanced with debt secured against the club. So we can rule that theory out. I would also suggest on the back of Woodward and Gill's comments that it's extremely unlikely that any cash will be leaving the club to service/pay down any of the possible new borrowing.
 
There is a shock, you have ever anything to say of any substance?

Why should i bother, why should anyone bother? you've made it clear you cant understand anything more than 3 lines long, if it doesn't match your view of things you 'cant understand anything' and just ignore it only then criticise people 2 pages afterwards for not contributing anything.

Your just odd, very odd.
 
That's a good question. Though you're an irritant I guess you're harmless, like an old farting dog that won't die. MUST on the other hand are the reason you're even here farting you're stinky old dog farts into my ill-amused - and rapidly losing the will to live - face.

You are the best recruiting tool MUST have on here, your silly obsession has certainly encouraged me to see MUST in a better light
 
Why should i bother, why should anyone bother? you've made it clear you cant understand anything more than 3 lines long, if it doesn't match your view of things you 'cant understand anything' and just ignore it only then criticise people 2 pages afterwards for not contributing anything.

Your just odd, very odd.

Alot of substance there, look the word up in the dictionary if you don't understand
 
GCHQ ciderman mentioned that you may have done a comparison of projected costs for the club from when the Glazers took over compared to us hypothetically being a debt free plc paying tax and dividends with increased revenue. Do you have a link handy?
 
Evening Gents. Has Gill's interview with US radio station SiriusXM been mentioned yet?

There are some quotes in this guardian article:



Manchester United fans want answers as Glazers prepare to pay off debt | Football | The Guardian


There's no way Gill comes out with that comment today with it then emerging within a matter of weeks that the PIK debt has been refinanced with debt secured against the club. So we can rule that theory out. I would also suggest on the back of Woodward and Gill's comments that it's extremely unlikely that any cash will be leaving the club to service/pay down any of the possible new borrowing.
So where is the money coming form? If they are paying the debt with their own real money tell us so we can all hail the Glazers
 
GCHQ ciderman mentioned that you may have done a comparison of projected costs for the club from when the Glazers took over compared to us hypothetically being a debt free plc paying tax and dividends with increased revenue. Do you have a link handy?

I think the discussion about that is in the other big Glazer thread which got locked.

My analysis included various assumptions, which there simply had to be for such a comparison, and it showed that the net negative impact of the Glazers ownership compared to what would have happened under the PLC was just £8m a year since their 2005 takeover. Peanuts, in other words.
 
Sorry i don't understand what you mean your starting to ramble a bit.

Let me spell it out for you lad, this thread is about the Glazer ownership not about trying to play silly buggers with me. Now tell the world your views on the subject, please.
 
Gill told the US-based satellite radio station SiriusXM that the issue of a mandatory call notice signalling the Glazers intention to pay back the loans in full next Monday proved his long-held contention that they were nothing to do with the club. "I have been saying for years that they were nothing to do with the club and they weren't," he said. "They were accruing interest at roughly 16.25% so they're being paid down and the only thing I know is that they are not using any of the club cash. We've got over £100m in the bank and they are not using any of the club cash to pay that down so that's all I can say really."

clap.gif
 
cheers, and presumably this would lessen if operating profit continues on an upwards trend.
 
I think the discussion about that is in the other big Glazer thread which got locked.

My analysis included various assumptions, which there simply had to be for such a comparison, and it showed that the net negative impact of the Glazers ownership compared to what would have happened under the PLC was just £8m a year since their 2005 takeover. Peanuts, in other words.

So where in your opinon which is often well informed did the Glazers get the money from ?
 
Have i hit a nerve?

Do you think I am ciderman? I think your goodself is the one with nerve problem, now be a good lad and run along I wish to talk about the Glazers as this is what the thread is about, people will be getting bored and you don't seem to be informed on the subject.
 
Do you think I am ciderman? I think your goodself is the one with nerve problem, now be a good lad and run along I wish to talk about the Glazers as this is what the thread is about, people will be getting bored and you don't seem to be informed on the subject.

No i don't, Ciderman has some intelligance, you clearly dont, i gave my views on the topic, you in your own words couldnt understand, its not my job to potty train someone into understanding the basics of this topic, if you wish to continue to ignore them that's up to you, not my problem.

So where's the money coming from anyway........
 
So where is the money coming form? If they are paying the debt with their own real money tell us so we can all hail the Glazers

The point is, it is none of our business.

It is their debt, they are not using the club's finances to pay for it so it affects the club in no way whatsoever.


You really do put them in a ridiculous position though.

"They will use the clubs profits to pay off thier own debt."

"No they won't they will service that using their other sources of income."

"No way, you just watch, it will be using our profits"

*Glazers clear their PIK Notes using none of the clubs profits*

"Whooodedoo, lets all hail the great Glazers."




It really is time for you MUST die hards and MUST itself, to take a step back and actually look at the situation.

Bleating on about Financial Meltdown, United Armageddon, getting the evil Glazers out is getting nobody anywhere.

It's time to foucus on the real issues, the ACS and Ticket Prices (which I personally think are actually competetive but that's just my opinion, I know alot of people feel they are too steep).

Media Revenue's have just overtaken Matchday Revenue's for the first time so it is not completely impossible or unrealistic for prices to be at least frozen or possibly even lowered and the ASC removed as pressure is taken off Matchday revenue's by the rapidly increasing Media revenue streams and with pressure put on the Glazers by MUST.


At the moment it is ridiculous.

MUST:

"GREEN AND GOLD TIL THE CLUB IS SOLD"

Glazers:

"Yes, lets just sell up because a fans group want's to install their own friends as the owners. it's the best thing to do despite the fact we're increasing revenues every year"

or...


MUST:

"You have treated our fans, your customers, with contempt since the moment you took over this club. If you start to treat them better, removing the ACS and promising reasonable ticket prices, you will have the support of the fans. We have seen the finances and know that you no longer rely on the Matchday revenue generated by these fans so it's time to pay back their loyalty"

Glazers:

Who knows how they will react to a compromise, maybe badly, but there is a chance that they will be more willing to listen to a reasonable proposal than an arrogant and ignorant demand. If it gets us nowhere it will be no different to where MUST are getting now, at least MUST will gain some credibility again and dare I say it the trust of the fans that they supposedly represent.

We might actually start getting somewhere.
 
cheers, and presumably this would lessen if operating profit continues on an upwards trend.

Yup, revenue and operating profit. From recollection, in 2009/10 for example, I only attributed £20m-£25m of the c. £120m increase in revenue since 2005 as specific improvements brought about by the Glazers ownership.
 
No i don't, Ciderman has some intelligance, you clearly dont, i gave my views on the topic, you in your own words couldnt understand, its not my job to potty train someone into understanding the basics of this topic, if you wish to continue to ignore them that's up to you, not my problem.

So where's the money coming from anyway........

Still nothing to add in terms of thread relevance, no cartoons on the TV for you to watch?
 
Yup, revenue and operating profit. From recollection, in 2009/10 for example, I only attributed £20m-£25m of the c. £120m increase in revenue since 2005 as specific improvements brought about by the Glazers ownership.

All very nice but the simple question we all want answered is your views on where this money to pay down the debt is coming from, you are supposed to be the expert?
 
No, he said the clubs philosophy regarding youth players has and remains the same since Sir Matt.

Oh. Thanks for that. Read a rather sensationalist headline on twitter and found it hard to believe those were the exact words. :lol:
 
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