I wonder if Swarbs is going to join the ''Green and Vomit protest after this latest report.I reckon it will be more of the same,two portugese tramps and a mad french divison player. I hope the truth will hurt...Big time. Debtchester United are....skint. Premier League - United owners report loss of over ã100m. Tue, 22 Mar 11:45:00 2011 Manchester United's owners made a ã108.9 million loss last year, according to their accounts. The loss by Red Football Joint Venture, the Glazer family's parent company that owns United, include some one-off costs from setting up the ã526m bond scheme last year to replace their bank loans, according to accounts filed at Companies House. The lack of income from selling players also contributed to the loss for the year ending June 30, 2010 - the previous year the company had recorded ã21m profit thanks largely to the ã80m sale of Cristiano Ronaldo. Last year's losses included ã30.2m interest on their ã220m payment in kind (PIK) loans which have since been paid off. United's club accounts were published in October and revealed losses of ã83.6m - the PIK interest payment is not included in the club accounts - but club chief executive David Gill said then there was ã165m in the club's bank account and that they were in a healthy position. Gill said in October: "We have money in the bank so there is zero pressure on that, no pressure at all to sell any star player. The philosophy is to retain and attract the best players. We have ã165m in the bank but in some ways we would prefer to have ã80m in the bank and Ronaldo on the pitch." The highest loss recorded by a Premier League club was Chelsea's ã132m in 2005.
Ah, good to see that obsession is still rolling along nicely. Got a bigger tin hat yet? That little one won't be enough to save you from all the refs we've bribed over the year So the big news story is that United made an accounting loss of ã83.6 million? Made up of a ã35 million annual goodwill write off, and ã65 million of one off costs. Oh no, I'm off to go jump off a bridge! Oh wait, I remember now, we found that out in October, and we still have ã165 million in the bank and in the hunt for three trophies... P.S. I do love how you claim we are skint, when posting that we have ã165 million in cash! How's that business degree working out for you?
David Gill said you have ã165 million in cash,but it seems like he's a bigger bullshitter than your manager.Now the proof of having money...is spending it.Its called investment. That ã100 odd million has been sitting there since 2009,why hasn't it been spent.I'll tell ypu why.Its in Florida paying off the Glazers two bankrupt shopping malls,thats why.Expect the same guff as last summer ''There is no value in the transfer market''.There is definitely no value when you pay ã8 million for a portugese tramp that you haven't seen play...and PSV rejected for free.
I think you'll find the proof of having money is in the official accounts submitted to Companies House under law. You know, the ones that are illegal to fake? Are you sure you didn't buy your "business degree" off the internet?
I earned my degree. Then again the standard of education in Ireland is vastly superior to that of the UK.In the UK kids of the age of 6 have the literacy and numeracy skills of David Beckham. Secondly. A wise man once said ''Having money is **** all use...unless you spend it''.Thats the proof of the pudding.So Swarbs,its been sitting there since 2009,Why hasn't it been spent. I'll tell you why...Its like a Man United fan from Manchester...It doesn't ****ing exist.
I don't want to share a forum with this idiot.He's still convinced the Glazers are good owners for Man United,wait until the summer when he's expecting top talent to be arriving at Old Trafford to be left disappointed,when all they get is bargain basement rubbish. Mark my words.Fergusons hands are going to be tied in the same way Rafa's were.It may not have an effect next season,but when you aren't spending a decent amount to freshen up,you will eventually get left behind.Thats the reason why Liverpool had to be sold.The interest repayments were killing the club.Money was disappearing when it was needed for the squad. Even as a Liverpool fan,I can see that the glazers are destroying Man United.Its a pity some of their fans are blind to that fact.Some of them can't see beyond the end of their nose.
What is this twat KingPipReina on about? So what if Utd are in debt, if they can keep on winning the premiership, champions league and whatever else they win, do you think their fans give a hoot if they're in debt?? Get a life KingPip and stop sprouting nonsense. You sound like a jealous deluded fool!!
You are the idiot. The debt will catch up with them.It happened to Liverpool. Liverpool were able to remain in the top four for a few years without freshening up their squad,and it eventually caught up with them. Man United are going to have the same trouble and Whiskeynose isn't getting any younger either.He's hitting 70 not 35. I'm convinced of it.When Kenny gets substantial investment from NESV,Man United will need eyes on the back of their head,,as Liverpool are intent on slitting their throat.Its payback time.Liverpool are intent on making them suffer. .For every year Liverpool have suffered,Liverpool want to make the pain multiplied by 10 that they are going to inflict on Man United. I don't hate Man United,I just pity the fools.What goes up....must come back down...and Man United are going to crash really really hard.And My prediction.......Pain.
Man United have debt and are heading for the championship and lower until they end up like the Glazers shopping malls....bankrupt.
Don't go giving him ideas! His jealous delusions help make us all feel a little bit better about ourselves. Cos no matter how bad it gets, we know that we will never be that sad...
We'll see in the summer when Ferguson says yet again ''Theres no value in the transfer market'' and the ã100 million transfer kitty doesn't appear as expected
I'm not going to shut up. Man United are in deep deep ****...and their deluded fans haven't realised it yet.As for Liverpool its onwards and upwards.We're back and we're going to take back whats rightfully ours.Normal service will resume very very shortly.I can feel it in my water,Liverpool will be top dogs very very soon.
