Goldbridge is a wanker but his pull of guest speakers can't really be ignored. He has the chief sports writer of the Times speaking on the developments:
Still don't get it I mean at 22m per year it would take 227 years to reach 5bSyphoning money out over the years is what they have been doing, hence my use of "cash cow."
They were never it it for a quick turnover or they'd have done it long before now.
There's a reason so many investors wanted Chelsea. The PL is a cash cow and will become an even bigger one going forward.Still don't get it I mean at 22m per year it would take 227 years to reach 5b
Elon is not stupid if he thinks it can make him money and the club be used as a huge advertising platform for Tesla worldwide he would be interested he likes to be a brand collector however sir Jim Radcliffe would just be too much of a wet dream if that happened, the guy would change so much and so quickly he’s a born leader and a born winner, my fear is The Glaziers will sell and we will be bought by a state, even the Chinese state or an oil rich state as a play thing.The reason could also be that he tweeted about United after thousands of comments he got “BUY MAN UNITED” in the last days
He tends to priorities reducing fixed costs at first, don't know if he can do that with a football club as there might not be much overlap that he can rationalise.The glazers are potentially leaving now because for the first time in decades the "revenue" from United has gone in a downward direction. Falling revenues from sponsorship and less matchday revenue are finally starting to hit them where it hurts. The years of mediocre football and poor facilities are finally catching up with them and showing on the balance sheet.
SJR will be banking that he can very rapidly get a big increase in "normal revenue" by being a new broom, attracting more sponsorship and improving the mood about the club. It won't be all plain sailing but the big investment requirements (stadium upgrades etc) can always be set to one side as investment. He will be able to get that graph of operating revenue heading upwards if he is successful and gets the fans onboard.
Still don't get it I mean at 22m per year it would take 227 years to reach 5b
That they received?Read the financial stuff posted. It was NEVER just £22m a year.
That they received?
Think they were mentioned somewhere, around 25ish million in total on top of the yearly dividends.That was their dividend alone. Think there's fees that don't get reported too.
It's pedantic, I know, but couldn't you construe, "Glazers are in exclusive talks to sell a minority stake in United to US private equity firm Apollo", as ONLY pertaining to the sale of a minority stake? So they could be talking to anyone and everyone about selling the whole club.well the article (which has been backed up by The Times) said Glazers were in "exclusive" talks with Apollo
Also Pascal Sauvage. There’s a theme here.Is it just me or he does look like the French waiter in Mr. Bean's Holiday?
After seeing his quote on Fred and our stupid spending, I am all in for this guy. He knows his oranges.
When speaking to The Times about the possibility of taking over United back then, he said: "[Ineos] never wants to be the dumb money in town, never, never. They [United] are in quite a big pickle as a business.What's his quote on Fred?
Mate, me and you are also genuine supporters of the club but I wouldn’t fancy either of us to do a top lvl job at United. Perhaps it’s time we get slightly less sentimental and stop pretending the love for the club is a qualification itself and actually become slightly professional, targeting the best qualified in the business. Neville has shown nothing or even less than that to suggest he’d be anyhow more successful in a top level role at United than in his managerial stint in Spain.
Agreed you would want objectively competent people in charge and Neville has proven to be neither.
Its one of his businesses who will buy it and they are valued at 60 billion I readIs this guy actually loaded? Like money enough to have us spending like a rich club?
I understand he prefers to use private finance rather than Glazer's approach to not actually paying off the debt they inflicted on the club. I'm sure he'll be able to get better terms for the debt repayment, particularly if its part of a package to also fund the huge investment needed in stadia and facilities. The area around the ground is ripe for much higher quality development than it currently has in terms of commercial and retail opportunities too.He tends to priorities reducing fixed costs at first, don't know if he can do that with a football club as there might not be much overlap that he can rationalise.
Are you asking why business people try to make money?
I can’t imagine he doesn’t want to make money, unless that part comes when he looks to sell in the future.
If an owner let's us spend solely from our revenue without taking anything from us and without piling on the debt, we'd have enough money to compete with anyone. We don't need a sugar daddy owner who pumps his own money into the club for transfers. Though yes it must be conceded that if we intend to properly repair Old Trafford and spend big in the transfer market for the next 3-4 years then that's where we might need a bit of external funding.Is this guy actually loaded? Like money enough to have us spending like a rich club?
It would be Ineos buying the club, like with Nice. If they wanted to stump up the cash then I imagine they would do.When some billionaire’s net wealth is quoted as being “estimated to be worth” £xxx billion, they are talking about the estimated sum total of all their assets. Not the cash they have in the bank.
This will be the estimated value of their stock holdings in various companies, their investments, properties etc, etc.
I’d be very surprised if someone said to be worth £13b or even £20b, had anything close to £1b available out of their personal funds, to buy a football club, unless they liquidated (i.e. cashed in) some of those assets and that’s not a likely scenario.
So how is SJR going to fund a takeover?
You can be sure he won’t have £4b or £5b sitting somewhere, ready to be spent.
Somebody or some entity will provide the dosh and that provider will be owed in some form or other.
As long as the club, as Utd’s balance sheet, are not the one’s owing that money, this time round.
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Yes, unless the protests reach Glaser doorstep and stay there. That is if Sir Jimbo is serious about this.Guarantee we’ll stop hearing about this in a few weeks and it’ll just be like oh yeah that never happened.
they pretty much took loan from the club to buy the club...Yeah they took out a massive loan to payfor it and then lumped that debt onto the club, so they've essentially took out hundreds of millions for nothing as they've never been liable to pay it back
Woodward structured the deal, and despite the years of failure under him it remains the worst thing he's ever done.
or not...I like it. Its how City's rise started.
Looks like we have got the fanbase to destroy anyones social media presence, saw something similar with a load of business owned the Glazers last week.
Everyone got to play a part in this, if you wan't get to the ground get yourself over to a Google review page for one of their hotels.