But I'm talking about any dive which is clearly the result of Fergie's retirement. I'd be very confident that a dip like that would correct itself very quickly.
ALL issues relating to the bond issue and club finances
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But I'm talking about any dive which is clearly the result of Fergie's retirement. I'd be very confident that a dip like that would correct itself very quickly.
I don't know if you trade, but concerns regarding the future key appointments like manager etc would surely have an effect on the share price.
Any sensible trader, assessing the future value of the investment, would have already factored in the fact that Fergie was likely to go in the next few seasons.
The surprise comes when we apponit Moyes instead of Mourinho... watch the share price dive then!
Exactly. If the announcement wasn't made today, would there be a 5% drop? Not likely. Maybe the price would correct itself very quickly if say someone like Mourinho is appointed, and there's a quick buck to be had. Don't know about Moyes' effect on the price yet.
Any sensible trader, assessing the future value of the investment, would have already factored in the fact that Fergie was likely to go in the next few seasons.
The surprise comes when we apponit Moyes instead of Mourinho... watch the share price dive then!
I reckon it's taken the big hit that was always expected, It's debatable if hiring Moyes will push the price any lower.
Well it is still not guaranteed that the price will bounce back to pre-announcement levels. Strictly speaking from experience, there are no 'easy bucks' to be made. Speculation is a 50-50 deal at best, you'd probably be better off betting on your preferred manager instead.
ye well it more or less corrected itself within the day!
https://marketdata.nyse.com/JTic?app=JPV&rf=GIF&cs=368x300&style=NY2&VOLUME_SCALE_IS_TITLE=FALSE:TRUE&fq=5&ezd=1D&id=Man Utd&cred=l8bCBrn1yOi2LSb2VhwRw558DNBCUlW2XtJfEInYMtMHct3dWAzT1Q.opg21PqKOo4uKtznUqChX3Ca6phY8wOm4hXIBljeoPpGh/5zbh9tqeKpry7KDYW
seems the market are not too worried about Fergie leaving, although we have to see the trend over the next couple of months to really assess.
With regards to the kit deal....
I don't know if this has been asked before it probably hasn't because it is probably a rubbish idea.
Why don't we just make our own and keep all the money from the sales ?
I don't know if this has been asked before it probably hasn't because it is probably a rubbish idea.
Why don't we just make our own and keep all the money from the sales ?
Because all those factories will cost a shitload to run and make?
Exactly. The money we get from Nike is almost certainly roughly the same as the profit we would make from shirts if we manufactured, advertised and sold them ourselves and took all the money from sales. The only difference is that we would have to inject massive amounts of money to initially set up the infrastructure to do all of those things. Plus obviously Nike have the expertise in making and selling shirts, so it makes more sense for them to do that themselves.
So the way we're doing it is the best way. Everyone wins.
Suppose you could outsource the manufacture of it but doing it this way takes advantage of all the advertising, partnerships, agreements with retailers etc. that Nike have.
if there was a big advantage in doing it yourself, somebody like Madrid would be doing it already.
Get a fixed rate deal with Nike that isn't dependent on sales. Then covertly fund and distribute cheap Chinese knock offs.
And then buy Ronaldo?
Pfft. Bruma. He's he new, new, new, new Ronaldo; after Nani, Rodriguez and Zaha.
Shirts, no. Being in charge of our merchandise might be a good idea though (obviously not producing it ourselves).
Buy all the players...duh.
No.
If its a bad idea then fair fecks I'm not an expert on mass manufacturing textiles.
http://www.bbc.co.uk/sport/0/football/22610584
Champions Manchester United earned a record £60.8m in television revenues for the 2012-13 season, more than any of their Premier League rivals.
United were the most televised club, with 25 of their 38 matches broadcast.
Champions Manchester United earned a record £60.8m in television revenues for the 2012-13 season, more than any of their Premier League rivals.
United were the most televised club, with 25 of their 38 matches broadcast.
Christ, it's a very equitable league when a middle ranker like Liverpool gets 54.8, just 6m less.
Compare that to Spain...
Everybody loves a good comedy though.
I like it when the scouse cnuts complain when we are the main event of the EP fecking L and help them to rake in the profits, when they run around and complain about Sky and they rather be a part of other leagues.
feck off, you cnuts.
feck off, you cnuts.
From a newb. Good news if true.
More money for the warchest then
Good news. Though I'd still like to see our debt actually reduced to something under £300m.
Good news.
That's massive really. Basically an after tax injection of 15 million straight into the club. Repackaging and reselling the debt once lowered significantly was never mentioned originally as a possibility.
That's a hell of a drop in interest rate! Someone somewhere at the club seem to know what they are doing.
We had to refinance in 2008/9 I believe so understandable why the interest was so high. Financial projections make this an absolute no brainer for the bank; so little risk now.
Quite shrewd these glazers...
Exactly. I know it's a huge amount of money but I'd say the banks are queueing up for such a sure bet.
Interest rates are so low right now so I think this is a reflection of that and the low risk. Can't believe I'm saying it is low risk when just a few years ago it was looking high risk. Great news.
2010; and the club didn't need to refinance then either.
It has been mentioned quite a bit on here by one or two of us.Irwynwastheking; said:
It will be interesting to see what approach the club takes wrt the remaining half of the bond- there will be a plan for that too.
Good news to see the interest lowered. Watching the debt drop away really makes me wonder what we were all so worried about initially. Glazers have proven they know what they are doing
Anyone heard any comments from MUST ?
Get in! Their personal debt's only costing us 21 mill each year now. Also, we won the league. Awesome owners and a handsome bunch of sons of guns as well.
I wonder whether being listed, such that the market is more aware of what is going on, makes it easier to refinance at more sensible interest rates.
As a private company, there might be more risk but as a public company they have to (and want to) inform the market of good news.
As a private company, there might be more risk but as a public company they have to (and want to) inform the market of good news.
I would have said that in order to get the sort of finance we're talking about we would need to expose all of the financial information to the banks anyway, irrespective of whether we were listed.
I suspect it is a loosening of the credit purse strings in America, plus an improving profitability and asset/debt ratio that has meant we could refinance to these rates.
I suspect it is a loosening of the credit purse strings in America, plus an improving profitability and asset/debt ratio that has meant we could refinance to these rates.
I suspect they have known all along what they were doing.
Someone must have told you otherwise. Don't believe them.
Good.
No white text.
Wait, wait.....oh yeah, there it is. Sarcasm detector finally went off.
Seriously though, the 21M annual in interest payments is less than we would pay under the PLC structure in dividends and tax. We are at a point now where this can have absolutely no bearing on our competitiveness in the transfer market. If it ever did.
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