I dont wail mate, there is nothing I can do about it, I am not going to stop supporting the club I love, all I can do is make the best of it and enjoy the successes we are now having. What else do you want me to do? break away and form our own club, FC Kings Road of Doucheville?
It just makes me laugh is all. It used to be "Ya teams $hit mate......We beat you in *insert some random fixture here*" Now its "I am going to prove that my team is more commerically profitable than yours and has smaller overheads, I will prove such a claim with this well thought out and accurate financial report" Its just the 21st Century football fans.......
Yeah and maybe you and the rest of United die hard should stay on your own ****in board declaring your undying love for all things United and relish in the fact that, according to you, the club's not in debt, and that Quick fix has a long term strategy in mind to ensure the legacy continues long after he has left the building - Maybe you could all knit your yellow and green scarves to wear at the next match. FFS, even your manager thinks you're all a bunch of pricks in the fact he has nothing but love for the Glazers and thinks everything they've done thus far has been in the best interest of the club!
Again it just shows how desperate you are - when has ANY United fan said we're not in debt. Are you not capable of mature debate ? Are you going to cry and take your ball home next
Whilst I am not one of the FCUM brigade I do respect what they decided to do. I know a few of them and they say following FCUM is like rediscovering the passion they had for football when they were kids. No commercial crap, no prima donna players threatening to leave unless they got another 20k a week on top of their ridiculous salaries, no 24/7 Sky coverage of the latest fart to come out of their club...!
This is where you're making even less sense than usual. I don't think any fan would deny that the club is in debt. I don't think anyone in this thread has said that the Glazers haven't piled debt on the club. You've been arguing with yourself on that point for pages now. And calling a manager who has won 13 PL titles over a 25 year tenure "Quick Fix" just makes you look stupid.
Now I have an image of a football terrace completely packed with guys in pin striped suits, ALL carrying briefcases, and instead of throwing bricks and trash at each other, the two sets of pin stripped fans are throwing fiscal reports at each other!
The sad thing is you are not far wrong I am afraid. Although the same can be said for 90% of Premier league teams nowadays.
Stupid, arguing with myself...Whatever you wish to call it fellas, I have proven all your claims to be incorrect. You have repeatedly denied facts laid before you in terms of interest on the loans leveraged against the club right up to present day where Quick fix has bought in a 29 year old with no resale value whatsoever. Yeah you'll make some coin on shirt sales but nothing comapred to teh £70 million you'll be paying over the 4 year deal. Someone stated if times get so desperate, you could sell him for a quick buck. Do you really think anyone will pay whast you did for a 30 year old? Blinkered into believing this if so, even more stupid for spouting that bullshit in the first place. Your love for the club is commendable, your optimism is sheer ****ing stupidity under a different name. We are currently languishing in the relegation places, do we believe that we will go down? No! We should in all honesty remain in the PL if the team picks itself up and gives itself a kick up the arse. Are we making ourselves self-sustainable? Yes we most definitely are! Are United becoming a self-sustainable business, at present NO! Spending money on aging players in the sheer desperate attempt at one last throw of the dice for Quick fix to finish his career on top is not setting up the club to maintain its incredible success over the last 2 decades. Utd have finally succumbed to the fact that they are no longer teh PL powerhouse they built themselves up to be, no one else did that and they deserve credit for the work the did behind the scenes, but they need a ****ing good kicking for letting the Glazers shaft them over the board room table! Quik Fix will leave a club with an aged squad, very little in terms of 'disposable revenue' therefore asking any incoming manager to run the team on a shoe string. Will you get an oil rich sugar daddy or a Sheik? Too early to say but one thing is for sure, the Glazers won't get what they expect for the club based on the above mentioned issues!
Are you still failing? Your Bloomberg links said nothing about interest repayments, so why don't you try this one: http://swissramble.blogspot.co.uk/2011/09/manchester-united-introducing-brand.html In fact, net interest payable actually increased in 2011 by £3.5 million to £43.5 million I look forwards to more typing in capitals and attempts to prove that anything you say has any basis in reality Well the problem with that approach is that most Liverpool fans now know their team is ****, so debt is all they have to talk (sorry, invent loads of BS) about. Hard to play the "we're better than you at football" card when you're in the relegation zone...
Lol, self sustainable? If self sustainable is your aim, then I'm pretty sure Wycombe Wanderers are doing very self sustainably at the moment - good level for you to aim at And oh no, we've just bought a 29 year old with very little resale value The last time we did that we ended up with Teddy Sheringham, and what a **** few seasons we had after that...
Thanks for that Swarbs! As per the link provided (And I quote) "Of course, all of the above figures have come from the Red Football Limited accounts, so exclude the crippling interest on the PIK loans, which were booked in the club’s holding company, Red Football Joint Venture Limited. In 2010 this brought the total interest up to a staggering £73 million and the pre-tax loss to £109 million. The club has always insisted that these loans are the responsibility of the owners and nothing to do with the club, even though the PIKs were secured on the club’s assets. In any case, this may be a moot point now, as this debt was cleared last November." Now, the bit you need to reads carefully is in bold (For those of you who don't know what that means, it's the heavier text in that paraphrase!) You're battel against evil has been duely noted and we thank you for your assistance!
Sorry mate, the bits you need to read carefully are in bold. As you love it so much, I thought I'd use some more bold to help you out In 2010 the debt interest was £73 million. In 2011 it was £43 million. For the first nine months of 2012 it was £29 million (http://andersred.blogspot.co.uk/2012/05/manchester-united-q3-2012-results.html) The PIKS were paid off in November 2010 and so are no longer secured on the clubs assets. Hence no longer the club's responsibility. Like they always say, a year is a long time in football
Sssssshhhhhhh. Don't tell them. It's taken me three days and they are still convinced that this is still the clubs debt
Firstly, Swarbs, I will reserve judgement until 2012/13 accounts are released to see what the current levels of interest are, as I have been told by you and the other clowns from OT, these reports are all easily spouted to prove nothing! We'll see how the every lies after the current 12 months. At present you are paying in excess of £70 million in interest alone - This is public knowledge! KE, what you have been trying to prove is the the PIK is not related to the club - WRONG! As per the beautiful piece of evidence so kindly donated by Swarbs, who is now trying to ridicule the contents becasue I have picked out the vital pieces relevant to the thread in the first place. It is true, give a man a piece of string long enough!
Also mate, (and here's the killer piece) we're only just into the ninth month so again, you've pretty much made yourself look like a complete twat!
No I said the PIK are now paid and NOT on the clubs balance sheet so can't be included in any FFP working. You really must keep up
