Probably because you can clearly see where the debt at Spurs has come from - their new stadium.
Man Utd almost £1bn in debt
- Thread starter Compton22
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Those will look like rookie numbers when Elliott join the fray!
Means nothing. We're still winning trophies.
There used to be some smug tw@ts on here going on about debt being normal business strategy to reduce the tax burden. Forgetting that we support the club rather than the owners.
"....but the Glazers are good owners. Look at the money they've spent on players and the fact they only take £20m a year out..."
Thing is it’s not even frowned upon. Glazers are arguably the worst type of investor, they keep you limping along, operating as a shell of what you once were, not quite dead but barely alive. Always doing just enough. Then sell, make billions and do it somewhere else.
Debt is fine if it’s not on the club.
Someone is playing a blinder here. If you want to drive the sale price down, just tell everyone how much debt the club is in.
6 billion, my arse.
6 billion, my arse.
You better have an arse like J lo in her prime
Personally I believe there's a lot of factional posturing going on at the moment.
I think information is being released by parties agreeing with or opposing the separate ownership bids.
I think some is designed to persuade people to back out, and some designed to persuade them to double down.
I'm both concerned that anyone would think ANY debt is not an issue, or that they thought the magic fix it is from the saving grace of a more money than sense investor.
I feel that the fans are being played for political points, and the bidders are being played in an awesome game of chicken.
I think information is being released by parties agreeing with or opposing the separate ownership bids.
I think some is designed to persuade people to back out, and some designed to persuade them to double down.
I'm both concerned that anyone would think ANY debt is not an issue, or that they thought the magic fix it is from the saving grace of a more money than sense investor.
I feel that the fans are being played for political points, and the bidders are being played in an awesome game of chicken.
Plenty fans who for years claimed they were good owners.
Sure. Guess companies like „Volkswagen“ (far more than 100 billion in debt) are done and dusted then. If just everybody had as much knowledge as you.
I’m not quite sure what points are being made here and in the posts you quoted.
Debt is money owed. Total debt is total money owed. Total money owed includes money owed on transfers, whether on a payment plan or not. True, many transfers are paid over several years but this is all debt.
Is it a problem? Yes.
While it is true what you are writing, it is only a small part of the picture. What most people don't understand: There is a big, big difference between debt of private people like me and you and of companies/states. While me and you will unfortunately die in the future, states/companies will not die (as long as they aren't mismanaged). And there is the big difference: private debt has to be repaid in a lifetime, while companies/states just have to pay the interest. They will just find new debtors.
It will only be a problem if the interest rate is exorbitantly high for a long time, because then the interest rate paid will be very high. Otherwise, big companies or states don't really care about debt. It's part of the game (unless you are right wing and fan of a state not making any new debt)
Btw - somehow the countries with most debt in % of gdp seem to be doing better than those who have smaller debt in %.
With probably an equivalent if not more of a stadium to show for it
They are but at least that's mostly due to building a World Class stadium. United have virtually nothing to show for the debt the Glazers have dumped on the club.
It depends on the ebitda and the economic balance of the club and how structured is the debt.
Nowadays, with a few exceptions, nobody pays the transfers in a single payment.
The point is that one club can have €800M of debt and be better off financially than another with €400M.
All this debt and mismanagement and you still have journalists writing articles about the Glazers plans and preferences for the stadium.
These figures and the finances in general point to fact they won’t be here much longer one way or another. There isn’t much they can do now and I don’t think the value of the club is going to increase without huge investment. You can’t rule out they won’t sell but it’s very hard to see what’s in it for them if they stay and how people who’ve made such a mess could suddenly become competent and ambitious.
These figures and the finances in general point to fact they won’t be here much longer one way or another. There isn’t much they can do now and I don’t think the value of the club is going to increase without huge investment. You can’t rule out they won’t sell but it’s very hard to see what’s in it for them if they stay and how people who’ve made such a mess could suddenly become competent and ambitious.
You can see he wasn't but I would not blame you for misunderstanding. The guy is literally practicing his master's bullshitting degree by pussyfooting around the issue and doesn't have the balls to even express his pathetic opinion.
Just goes on about his master's and then quotes some random example back. Seen the type plenty and constantly see them not able to get an entry level job because working and university ain't the same.
In any case, the Glazers are parasites and I'll keep pissing off their enlightened defenders on here of all places.
I also think they’re on their way. They’re at peak bust-out. There’s not that much scope to take more out of the club but they do have the chance to take about 100 years of dividends up front (which they don’t get nowadays from owning the club).
Yes but if we are talking about one club it is better to be £400m in debt than £800m in debt.
Debt is always a problem really. If you can push it into the future, it helps but it doesn’t disappear. I know it’s very complicated and I know I don’t understand it properly, because I’m not an economist, but I do know that debt has knackered many companies and has caused problems for countries as well. When there’s even a possibility that a country will default on its debt payments it causes mayhem.
A relatively small company like United could easily get itself in a mess with debt. In my opinion it already happened.
A lot people post about shit they know nothing about. It’s ok to have an opinion, but it’s also ok not to know about everything. Nobody’s an expert on everything.
From the little about finance I know and based upon the financial year report I still can’t say shit because I haven’t a clue about the football industry. However, if it was a supplier to industry for example, and assuming different types of short and long term debt, then there would be nothing too earth shattering in the size of debt compared to the size of the company.
From the little about finance I know and based upon the financial year report I still can’t say shit because I haven’t a clue about the football industry. However, if it was a supplier to industry for example, and assuming different types of short and long term debt, then there would be nothing too earth shattering in the size of debt compared to the size of the company.
Better the devil you know or some shit like that.
The mods need to autocorrect ‘Glazers’ for ‘parasitic leeches’.
Really? Never met a single one in or outside the ground or even in everyday life.
Who are these 'fans' you speak of?
We’ve heard for 12 months that ‘there’s nothing left in the pot’ Richard Arnold himself said that in the leaked video last year that they don’t know how they will do business this summer coming up because there’s nothing left
If Qatar decide to walk away then we’re fecked because Jim or the other investment company won’t be clearing this debt anytime soon
If Qatar decide to walk away then we’re fecked because Jim or the other investment company won’t be clearing this debt anytime soon
Imagine how brain dead Elliot have to be to invest in that
Nah, they would be investing with the sole intention of seizing us from them, that is how they operate.
Ye its sensationalist for sure - transfer fees should not be in there but the overall debt levels have been rising which is not good
Ultimately its COVID that fecked the Glazer business plan, not managed to recover from the black hole of losing the matchday revenue (thats why the revovling credit facility has been utilised) - still we spent pretty big in the summer so could be worse. What happens this summer is the big question.
Seen plenty of people say "they're not that bad" "they've spent millions" etc. Sometimes United fans, sometimes not.
I think the resentment towards the Glazers is more about the Glazers are only are here to milk the club.
If nothing else this is a perfect showing of why the Glazer’s will be selling to the highest bidder as it’s simply not viable to them to stay on, the debt is no longer sustainable and the value of the club will only go down with them staying on as shown in the share price which means they’ll be no money to invest in the club.
One word: levers
Ye. ha !! I knew there was someone out there who would get a negative comment on Antony into this or any thread.
I think Arnold says things like that because it’s better than saying ‘we can still spend big’. We should downplay our ability to spend if we want a better deal.
If we spent £100m on Kane it’s only likely to cost a % upfront and we have a load of players to sell to raise funds.
There is probably 15 players who could be sold.
Where are all the posters that defended Glazers now? There are few of them here foaming in their mouth defending Glazers ownership to the hilt. For the past few months none can be seen.
That's the reason many support Qatar take over. This is an approx 10 billion project that I don't think Elliot or SJR can afford without putting more debts on the club one way or another.
6B to purchase the club
1B debts
1.5B stadium and infrastructure
0.6B to 1B squad investment
6B to purchase the club
1B debts
1.5B stadium and infrastructure
0.6B to 1B squad investment
Embarrassing really Glazers have been disasterous in the business for the club.
If this was a Chelsea article we would be see words like amortisation and sellable player assets like Maguire for £45m.
But it’s United so I get it.
But it’s United so I get it.