Like you were getting to Amsterdam for 15 quid in 1978 and getting laid - not a chance
Club Sale | It’s done!
- Thread starter JB08
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20 more pages folks, we can do this
1980 and John Lennon is gunned down outside the Dakota building in Manhattan. Steve McQueen died of cancer and the master of suspense, Alfred Hitchcock died at the age of 81.
Damn. Bad year.
When we hit 2005...
One of the saddest ones for me… always gets to me.
A flawed guy, by his own admission, but a real hero for me personally.
Absolutely pitiful this is still going. I scoffed at the thought of the thread making it to my birth year, and 1985 looks a dead cert now?
This thread will eclipse all members' birth years.
Future generations will measure their age by which stage the thread was at the time of their birth, as future generations of Glazers continue to keep the family's now trademark silence.
Man, the ‘60s and 70s sure flew by…
Said with utter conviction, and I suspect you are right. Dear lord why can't it all be so simple?
@groovyalbert
@groovyalbert
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Also this year saw the broadcast of Death of a Princess, which strained UK and Saudi relations. Princess Mishaal and her Saudi lover were publicly executed for adultery. The film caused a hell of a stink across the world.
Yeah that's my birth year too
Just 8 until this reach my birth year. And still nothing has happened.
I never thought it would take this long, but those leeches are inefficient at everything.
I never thought it would take this long, but those leeches are inefficient at everything.
The 1980s - greed is good
It’s the best year.
I can see 2016 being highjacked into a political discussion.
I think that is more fans imagining things. Pretty sure Jim knows the debt has destroyed the club and he more than has finances to utterly negate that debt.
We are so small time compared to his wealth and company. Our debt alone would just disappear if INEOS take it on. His company made 20bn last year alone. The debt doesn’t even matter. They are literally 30x bigger than our club for income per year.
Debt of 700m isn’t an issue when you earn that sort of cash. He’s not the Glazer’s he’s one of the most successful men on the planet. Not even remotely the same.
Here is the big difference. Glazer’s rely on us. Jim’s business is absolutely smashing it. It’s ridiculous how much money INEOS earn compared to United.
Dead Kennedys, Fresh Fruit For Rotting Vegetables was released.
Morning everyone. Could today be the day?
The day of what, I'm not sure. Perhaps our rivals will make another signing?
The day of what, I'm not sure. Perhaps our rivals will make another signing?
The 8 years long Iraqi-Irani war started.
Profit was €2B which is £1.7B
Debt and loans probably isn’t a issue for Ineos if controlled appropriately but read the following
Total net debt as at December 31, 2022 was €6,238.5 million (December 31, 2021: €5,679.1 million).
The Group held net cash balances of €2,639.1 million as at December 31, 2022 (December 31, 2021: €2,106.1 million)
Aside from buying the club, how much further debt do they want to load on to the company, not to mention further payments to buy the rest of the glazers out if that is the route.
The glazers must surely still have an intent to “make a transaction regarding the club” because if they decide to stay put, they’d want that information coming out as soon before the season starts as possible to minimise press coverage etc
But at the same time, this is a ridiculous amount of time without even a rumour. In the last month the only rumours we’ve even got are through interviews on fan cam channels
Maybe something will come out while United are in USA?
But at the same time, this is a ridiculous amount of time without even a rumour. In the last month the only rumours we’ve even got are through interviews on fan cam channels
Maybe something will come out while United are in USA?
Those numbers seem fine to me. If the club is to cost about 8bn all included will be paid off in 15 years or something without much hassle.
Pretty standard buying a house etc so it’s well within their budget. The fact fans want someone to swoop in and pay 6 billion in cash and then wipe the debt and give us a new stadium all in cash is dreamworld if you ask me.
Isn’t the smart thing to take on debt of interest rates are in your favour etc?
Am I the only one thinking that maybe this is all done and dusted in the background, but that it isn't being signed and sealed until transfer business is done? Utd tax inflated by billionaire owner tax get the transfers done first maybe save a few dozen million which will help with FFP..... probably just wishful thinking
Indeed some fans also miss the point that in order to buy without debt INEOS could liquidate part of their business, but this would lose the income from that part of the business which would probably be sufficient to service the debt anyway.
It is normal business practice to expand using loans, occasionally as seen before from the Glazer's companies will raise shares, it would be extremely unusual for a business to liquidise to raise capital, the big difference between INEOS and the Glazers is that INEOS is already a cash cow they don't need Utd to fund their business, for the Glazers Utd was the cash cow on which the supported the rest of their empire.
Two of them I gave evidence for in court against a charge of 'attempting to start a train illegally by giving a 'go signal' [they rightly got off, but we had all been in the Bier Keller all night and had drunk vast amounts of lager], The other one we saved the life of when he passed into a coma and arrested in front of MacDonalds in Charing Cross after a particularly boozy birthday celebration. These special occurrences , and many, many alibis given to each others girlfriends and wives over a six year period mean that.................
I think we are about square.
1979 - I pass all my State Registration exams and assessments and the powers that be send me a card tells me that on payment of £19.60 I can go forth and practice my skills on the general public safe in the knowledge that I will receive lifetime gratitude and respect from the British public, [who, never forget, will sue you if you should make a mistake whilst trying to help].
In my student years I helped to deal with the results of Anti Nazi League/NF riots, Millwall and Charlton home games, IRA bombings, Vatican murders, Blackwall Tunnel armed robberies, the results of the many Richardson family 'interventions' and flying pickets spitting on and punching me whilst screaming I was scum for going into work. In the quieter times there were the enjoyable weekend evenings cleaning out aggressive drunks from A&E back onto the streets and trying to put back together people who hadn't quite got used to this newfangled M25 thing.
I don't remember any thanks at all, but bugger me it was a wild time to be alive
Very wishful!
Made?
That's bullshit for a start. Sid Vicious competed in the Wrestlemania main event against Hulk Hogan in '92.
It’s not dreamworld though. There is an offer on the table that does exactly that. SJ has stated that he would clear the debt and invest in the infrastructure.
this would be a fitting decade of pages to get some news
And he attacked Arn Anderson with scissors in a Blackburn hotel in 93. It was anarchy in the UK tour for WCW.
1980
- US defeats Soviet Union in ice hockey in what was labeled the "Miracle on Ice"
- Mount St. Helens Eruption on May 18th in Washington killing 57.
- The Iran-Iraq war begins in September of 1980
- CNN (Cable News Network) began broadcasting on June 1st.
- 3M begins sales of it's latest product Post-It Notes invented by Arthur Fry and Spencer Silver.
- Former Beatle John Lennon is shot to death
- Severe Summer Heat Wave in Southern US Causes 1,117 deaths in 20 States
- US Passes "Crude Oil Windfall Profits Tax Act" to tax high profits by oil companies
- Fire Destroys the MGM Grand Hotel in Las Vegas
- The Killer Clown ( John Wayne Gacy Jr ) sentenced to death for the murder of 33 boys and young men.
- Kim Kardashian is born.
INEOs paid a shed load of loans and debt off a few years back, namely to make way for a big finance deal, ie, buying a big football club.
The debt they will acquire by purchasing United is catered for and will be manageable easily.
Stock has gone up today
I’m confident they’re going to sell, whether it’s today or in 6 months time they’re going. The interest rates shooting sky high, my mortgage has gone from 600 to a grand with these borrowing rates, imagine the debt that the club has it will cripple the club. They’ve maximised their credit cards and loans, and have no where to turn. Whether it’s ineous or Qatar I’m confident we’ll be in good hands.
I'm not so sure about either conclusion. In fact, I can see them hanging on or going with Ratcliffe.
United's debt is on United. Yes, a financial collapse will be catastrophic for us but not the Glazers. They can watch it collapse and make do with their athwart billions, as could other shareholders.
They won't want this to happen hence the assessment of options, including a potential sale. It is early to suggest they are desperate. Remember, United will have much easier access to the CL money-pit soon and seem to have turned a corner. The announcement of record profit will influence the Glazer's ultimate decision, either to stay or increase the price.
As for being in good hands post-sale, I cannot see what you are basing this on. Qatar's psg comedy is the biggest circus in town, whilst Ineos represent continuity Glazers. We don't particularly know how things will develop but all evidence is worrying.
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