http://www.bbc.co.uk/news/business-14741758 Suddenly the reasons for KPR leaving the forum become clear These profits don't even include the additional £10 million a season from the DHL training kit deal. Hopefully this will boost the club's value ahead of the Singapore float, allowing us to raise enough money to completely pay off the bonds and maybe even get the stadium expanded again. Well, a man can dream
I heard the Glazers were hoping to raise around £1.8bn from floating the club on the Signapore Market
Let's hope if this is te case then the money will be sourly used to finally pay off all the detb and bones outstandng and also more invested into the team and to extend the OT too. Now that would be amaxing ; )
Well, Messi's buyout clause is about £220 million, so I guess the deal will be on in January 2014... I think they're hoping to raise around £500-600 million by selling up to 30%, which would value the whole club at around £1.8 billion. Which doesn't seem impossible imo - when they bought Utd for £800 million operating profits were about £50 million. So now operating profits are £110 million and revenue is still going strong, a value of £1.8 billion doesn't seem to far out of whack, particularly as these results don't include the new DHL deal. P.S. A bit more detail for those of you who are interested: Total revenues rose by 16% to £331.3 million Total costs rose by 19% to £220.5 million Staff costs (i.e. wages) rose by 36.4% Net profit was £29.7 million Commercial revenues rose to £103.4m, which doesn't include the new £10m a year deal with DHL. £51.2m was paid in interest to service the bond debt http://www.guardian.co.uk/football/2011/sep/01/manchester-united-premierleague
Dont trust the glazers.Never have.Never will.Of course Im in excellent company as neither do IMUSA,MUST,ALL our Fanzines etc.Lets see what the glazers do with THEIR money before we fall in love with the enigmatic florida troll.
I can say with almost 100% confidence that the Glazers would pay off the debts. Why? Simple, a debt free Man Utd is worth more than a Man Utd with debt.
A pity KPR isn't here (well maybe in another guise) as it would be time now to change the subject and rant on about shopping malls blah blah blah!
to be fair this is great news for the club and does give us realistic light at the end of the tunnel in terms of the debt, if we float and raise enough to clear the debt than hats of to the glazers, they would have proved everybody wrong. will be interesting to see what happens and what they do with the funds, debt pay off will be a certainty, after that who knows, stadium expansion would be the one for me, if we could get up to around 85-90000 capacity that would give us a huge advatage over other teams, provided we could sell it out of course
All businesses have debts. Man utd's was originally too big, but it looks very manageable now. Your fine. Paying off the debts wouldnt be a good thing if you could use that money to buy assets (i.e. players) to help the business. Sadly arsenal dont seem to understand this. You will be fine, you are probably alongside the new york yankees as the strongest sports brand in the world.
actually, that 300M is Net Debt which is Debt - Cash which means the value of bonds not owned by the club is about 460M. I'd expect the money raised from the Singapore flotation to be set aside to buying them, preferably before 2017 if the bond owners are willing to sell.
Well now Swarbs. That's 30 million more than you got for the sale of the Diving Diva. Got to spend that money well didn't you? Anyway. Leave me out of this one. You know I'm a scientist and not a management guru - I'll leave the latter to King Kenny. Whach him get the very best out of David Bellamy. He's been out of the limelight for some time.
Messi has a buy out clause, I'm amazed City haven't had a go. Not that he would go, but If they offered him something ridiculous, like trebling his wages, you never know.
shwan - these are the key figures from the statement: http://www.manutd.com/~/media/Files/PDF/Q4_2011_Results_Press_Release.ashx "As of 30 June 2011 we own £63.8 million of our Senior Secured Notes" - these are the bonds, so about 460M outstanding from the original amount issued. "Net debt down to £308.3m Cash balance of £150.6m" 460m-150m gives the ~310m net debt
because the debt is managable. Alot of successful businesses have debt, the only problem is when you can't manage the debt. It's not an ideal situation but at least the profits are encouraging. Plus with the potential floatation those profits could rise by another 45 million if the debt is paid off.
It may or may not be used to pay off the debt, they still talk net debt though because we have the cash capacity to pay the 130 million of the debt off. ( in response to post 21 ) IN regards to the above I see what you are saying but paying off debt capital doesn't reduce profits ( not in the short term anyway ) although it will reduce interest payments long term.
Supporting Liverpool is not an embarrassment in itself. I suppose Liverpool are in financial trouble, Liverpool have gone from having a £110 million wage bill to a £80 million wage bill, £30 million has been shaved off it with the departure of 16 players 11 of which are on permanent deals. The new arrivals have been signed by the new regime who do not pay the same wages as the old regime. Liverpool made a net loss of £32 million this summer in transfer spending, they saved themselves as I said £30 million in wages therefore, their entire transfer dealings cost them £2 million net. Source? http://www.thisisanfield.com.
