Denster wrote:That really isn't the case. Liverpool's situation has worsened due to the lack of money from the CL non qualification. United's business plan is depenedent on them qualifying for the champions league every season - which they have, comfortably. If United dont recruit players and slide then they will become a little precarious but they already have interested parties and will continue to do so. If worse came to worse and someone had to buy United debt and all then they would. United are a bigger global name than Liverpool and are far more valuable commodity (in terms of image and TV rights) to the premier league. It's inconceivable that they would go under - they are simply too large and well supported.
Liverpool's situation is far more grave than United's. They haven't got champions league to offer prospective players and a new manager. They need a new stadium to start to generate greater profits (which United already have) which they cannot afford. They stand to lose some or all their best players leaving a team of mediocre talent with no experience of winning anything. Liverpoo need investment now. United need to shift some of their debt.
Personally (and i've stated this before) this summer will illustrate exactly how much of the finances the glazers are willing to commit to transfers. If it is not suffcient then the clamour for them to go will reach fever pitch with more and more people supporting the Red Knights or similiar.
If the Red Knights bought United for 1.5 billion and immediately cleared the debt - that would leave a net worth of say 700million - but then United would be proft making freely with no excess interest payments bleeding them dry.
United are (and have always been) a massively profitable organisation. They don't have to win the league every year to remain so. It would be nice if someone owned them out right, though.
But this is the problem the Red Knights were looking at a bid between 1-1.5 bill MAX and the glazers have already turned down a 1.5billion Offer the Glazers WILL drag this club down.
I think your being a bit optimistic. Fergie saying there wont be big changes. We are in desperate need of a striker who can score a creative midfielder yet no one is purchased
Yea they are a bigger brand and with the right owners they would be probably the most profitable club in the world what worries me is now that after revelations that their "Malls" in America 63/64 have mortgages against them and can't even cover their loan repayments, they have taken out a loan against the buccaneers and now United has around £1 billion of DEBT alone not many people in the world can afford to purchase a club tat may cost £2 billion to buy. Thats an almighty figure, i question even if the red knights would right off the debts.
Even now when they spoke about it they said they considered keeping the bond issue the glazers did so they weren't going to pay off all the debt.
I supposes Denster how do you seriously see United tackeling £1 billion of debt with 400 millions worth on 16% interest and is it 300 million that has to be paid back in 2012/13?
EDIT 2017 and far more than i thought:
At the current level, this will see the £275 million PIK debt arranged in 2005 rise to an enormous £580 million in 2017 when they reach maturity.
Seriously where will we get the money we would have made a
40MILLION LOSS without the sale of Ronaldo
Something interesting:
Since the Glazers completed their takeover of United five years ago, he has spent a net £32.4 million on new players—an average of just £6.48 million a season and much less than many of the club’s rivals.
Sure we've been successful in the last 5 years but the team is getting older. I suppose I'm pretty damn worried if we can't get rid of the Glazers
Red Devil wrote:Denster's post says it better than I ever could.
I'll watch the panorama thing tomorrow though.
It was on tonight.
Ie Tuesday night