A very simplistic standpoint on a very complex position. I know where i would rather be in an increasing volitile global financial situation - and it's not in a precarious debt situation irrespective of your present capacity to service that debt. As for the leverage buyout position. Your Philip Green illustration shows the problem very clearly - a short term massive gain but an increasing perilous high street situation. In a more normal market your assertions would hold water. However, the Euro stress accompanied by the US situation prejudices well over half of the total global financial activity. The tsunami that is about to hit us all will make 2007/8 look like a tea party. Even if the ECB and the FED manage to hold the line the shock to global economic activity is going to be so huge that continued growth - even in developing markets - is highly questionable. You really must ask yourself what the Glazers will see as being in their best interests and will that be the same as what is in Manchester United's best interests. In making these points I'm not trying to score points. Liverpool's situation will also be effected. minimally that will probably mean at least a stay on redevelopment let alone building a new stadium. I do know that, in trying times, any firm with a low debt profile is going to be in a far more advantageous position than one that has. As for United winning last year then i stick to my argument that your performance would not have been sufficient to win the league had either Chelsea or Arsenal rammed home their advantages as they were expected to do. You would not have finished with any more points than those you garnered but they would have collected more. You may not like the fact but it is the truth.
Well fourdeckdave. You have been put right back in your place by Swarbs. Consider this. United dont deal in 'ifs' or 'buts' but in what happens on the pitch and last season we were without doubt the best and more than deserved our title. We had no impact on Chelsea or Arsenal dropping points except when it was against us.
Its not the truth at all. How come Arsenal and Chelsea are allowed to gain these imaginary points but we aren't? Seriously man come off it.
You really are a very silly little person. Look at my response to Swarbs re your finacial position and the financial environment. My arguments are not if or buts there based upon what is happening globally right now. If you have no understanding of corporate finance and/or the global fiancial markets I'd keep quite stumm if i were you. You were very far from being the best last season. Your performances warrented no more than the points that you collected. It is also true that both Chelsea and Arsenal had the opportunity to collect more points than you did without refernce to you. That they did not take those opprtunities says more about them than it does about united. No cross referncing to previous seasons will alter that fact and are indeed a red herring
Everybody's performances warranted no more points than what they collected which is why the league finished how it did, everything else is just pure speculation.
You're giving Chelsea and Arsenal imaginary points, based on points they SHOULD have picked up. We SHOULD have picked up points from Everton Away, Fulham Away, Wolves Away, Newcastle Away, Bolton Away, Sunderland Away, Birmingham Away and West Brom at home. That's 17 points we SHOULD have picked up. That would have given us 97 points total in the season. We obviously didn't because no team is guarenteed points. We picked up more points than any other team, that's why we're Champ19ns and Arsenal and Chelsea are not.
I'm sorry mate, but all I see here is an argument filled with buzzwords and jargon. I know you have done a PhD so this language must come naturally, but it does not illuminate your argument very effectively. Unless you can actually make any sort of specific argument about how this volatility is going to affect Utd, given that thus far the financial crisis has hardly affected the club at all, then it's difficult to understand where you are coming from. If your point is that the entire global economy is going to collapse under the weight of sovereign debt, then I think the fate of Man Utd is going to be the least of the worries of anyone in the UK. The Arcadia argument also seems odd given that Arcadia grew revenues and boosted both profits and cash flow by around 10% last year whilst also paying down 25% of their debt. Doesn't look a particularly precarious position to me, Now I think you are the one who is oversimplifying the situation, to quite a large extent. Surviving difficult economic periods is about much more than just debt - you need to consider operating expenses, revenue and cash generation. Would you rather be in United's position, with operating profits of over £100 million and interest payments of £40 million, or Liverpool's position with operating profits of £25 million and minimal interest payments? Bearing in mind, of course, that both clubs have wage commitments that are more than double Utd's interest payments, and which have to be paid first under FA regulations. And I stick to my argument that the same can be said in almost any title winning year - you need the other clubs to drop points if you are going to win full stop. I also think applying your argument to last year is in fact a pretty facetious example given how big the title winning gap was. Expecting Chelsea and Arsenal's "advantage" to be worth 10 and 13 points respectively seems a little naive, given that the title has been won by a lower margin in each of the past five years.
I only get the jargon out when i want something published. Other than that it can stay the **** out my way
Morning all. Stable beams on Saturday and a useful win for the boys, without conceding. A friendly, yes, but against a strong Valencia side, delivered with some impressive performances. Swarbs. A new season of Horizon begins tonight. The first one looks pretty interesting. Swarbs and Dave. Management theory again, eh lads. Suppose it's better than KPR and Constcrepe going at it hammer and tongs. Skylarker. I think this thread has some genuinely decent moments and should be lefy alone. Everyone. Why have I got 7 mates and a rep power of only one?
Rep power has nothing to do with how many mates you have!!!! Here take some rep off me - the big rep daddy I get what you're saying about this thread - i just like the idea of not bursting a blood vessel on a daily basis while i am supposed to be working! EDIT: I've just had a look at your profile and you now need 23 more rep points to get another green bar and increase your rep power
I've hardly commented on his stupid posts of late. But then again the season is about to start and it's my duty, nay purpose in life to ridicule the garbage he spouts.
