ALL issues relating to the bond issue and club finances

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Caught Offside said:
Financial analysts believe the Glazer family could be gearing up to sell Manchester United.
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Caught Offside said:
The paying of high interest loans with money accrued from lower interest loans is standard practice and wouldn’t necessarily mean the Glazers are planning an exit strategy.
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Brilliant article :rolleyes:
 
Red Dreams said:
Financial analysts believe the Glazer family could be gearing up to sell Manchester United, after it emerged that the American owners intend to pay off £220 million in high-interest loans secured on their shareholding.

The motives behind the Glazers’ decision to pay off their controversial payment in kind (PIK) loans are unclear, as are the source of the funds.

But speculation is growing in the City that it could be the first step as part of a long-term strategy to sell the club the Americans bought in a debt-laden takeover in 2005.

If the interest on the loans, accruing interest at an astronomical 16.25 per cent, had been allowed to continue to ‘roll over’ until they matured in 2017, the total debt would have stood at more than £600m, on top of the £526m bond secured on the club itself.

“It could be seen as the housekeeping you do before you sell,” investment analyst and blogger Andy Green, who provided much of the material for the Panorama investigation into United’s finances last summer, told Goal.com UK. (Goal.com)

So if this source is correct then happy days could be just around the corner for the Old Trafford club, but that is a big IF. The paying of high interest loans with money accrued from lower interest loans is standard practice and wouldn’t necessarily mean the Glazers are planning an exit strategy.

Clearly the club has a great deal of debt to deal with and any prospective buyer would have to have very deep pockets to take control of Manchester United. Do fans of the club believe that a deal may be in the offing?

Manchester United Owners Set to Sell Club: Glazers Set to Leave Old Trafford? | CaughtOffside
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Another of Andy "Mystic Meg" Green's predictions?

He doesn't know when to call it a draw does he? :lol:
 
Does anyone know if we have any upcoming deals/tie ins with Epson?
 
TheMancRedDevil said:
Another of Andy "Mystic Meg" Green's predictions?

He doesn't know when to call it a draw does he? :lol:
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To be fair, the only quote from anders is one saying that it 'could' be a sign that they're preparing to sell, which is quite right, it could be. He's not saying that it's at all likely though. It's a pointless yet all too typical, bullshit article; sensationalising an issue in order to sell more papers. Anders isn't predicting a sale at all, he's simply mentioned it as a possibility. Look at how many occurrences of the word 'could' appear in the text; far too many for the article to ever been taken seriously imo. You might as well have "OBAMA COULD DIE TOMORROW!" on your front page if the mere possibility of something happening is all it takes for it to become newsworthy. fecking journalists, man.
 
ciderman9000000 said:
We do, yeah, they're one of our commercial partners I think.
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Right that makes sense, a newbie found a link to an article in an Austrian newspaper, claiming that Epson have purchased us. Its more than likely just a renewal of the current deal and the paper are jumping to conclusions then.
 
gambit28 said:
Right that makes sense, a newbie found a link to an article in an Austrian newspaper, claiming that Epson have purchased us. Its more than likely just a renewal of the current deal and the paper are jumping to conclusions then.
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:lol: The world's going mad.

How can anyone confuse Epson signing a £1.25m per annum sponsorship deal with them buying the whole fecking club?

Who's this knewbie? Sherlock Shite?
 
ciderman9000000 said:
:lol: The world's going mad.

How can anyone confuse Epson signing a £1.25m per annum sponsorship deal with them buying the whole fecking club?

Who's this knewbie? Sherlock Shite?
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He gave the link and I don't know if its the translation software but it does make out as if we've been brougt by Seiko Epson, can't really blame the newbie.
Manchester wird japanisch - Unternehmen - derStandard.at - the link
The translation
Manchester is Japanese
18. November 2010, 18:02
IT Group Epson is said to have bought football club

Vienna - The gallant well as loss-star ensemble of Manchester United has come under the hammer. According to standard information, the Japanese IT company Epson has bought the football club. So far, the team was owned by the U.S. Glazer family, but which is groaning under the financial burden of loss-makers. Just this week it was announced that the Glazers will have raised 220 million pounds to the debt of the club.

But even after the partial debt 526 million pounds this year from a bond issued to stay left of liabilities. Nevertheless, the chief of the Man Utd-old parent company, Red Football Joint Venture Limited, David Gill, said that giving the long-term financing structure and the positive revenue development agree. Nevertheless the rumors that a withdrawal is being prepared. This is confirmed now: Epson has already been invited to a press conference with the title Man Utd acquisition.

Epson has a 40-year history of sports sponsorship. As a member of the Seiko Epson Group was often the official timekeeper at the Olympic games, watches and timing are a specialty of Seiko. Since 1997, the company produces information systems for major international sporting events. Soccer is currently one of the focal points of the Epson sports sponsorship in the Asian Football Federation (AFC). In Europe, works in an Epson 2001 in the European Athletics Association sponsor and supplies, among other things, an information system for commentators, the historical data provides the competitions. (As, spu, THE STANDARD, print edition, 11/19/2010)
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It's obviously nonsense, though it usually is a very decent and reliable newspaper. Their sport section is crap though, they've no clue about anything and the fact they use to call the club 'Man Utd' all the fecking time speaks for itself. Forget about it, Austrian media is useless when it comes to international football.
 
One would have to question why an Austrian newspaper would be the first to find out about an English football club being taken over by a Japanese printer manufacturer.
 
Twitter starting to report this Epson rumour now... if nothing has been expended upon in the number of hours since the article first hit, I can't see why people would think it to be true.

I can't see there being any truth to it myself.
 
zub2007 said:
Could there be anything in it, if not why write such an article.
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Of course not.

They've put 2 and 2 together and made 5.5bn. The press conference they've called will be to announce their new sponsorship agreement with Manchester United.

Even without knowing that fact you just have to think about it logically for a moment and question why a company like Epson would be interested in buying Manchester United. Put simply, they wouldn't.

This is nice publicity for Epson but it's complete nonsense.
 
hitting twitter alot now....

cant be true surely..where did this start all of a sudden today.
 
bensmith_times

Unconfirmed (I stress that) rumour that the Glazers have sold #mufc to Epson, the printing company


is this really all coming from a forum post?!

edit: ok, not a forum post, that was something else....
 
bensmith_times

I'd be surprised if Epson 'rumour' was a takeover but the company would not deny the rumour when I spoke to them ... very odd
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Epsom milking the rumour for the publicity, not exactly surprising. Fair play to them for exploiting the press.
 
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