http://www.dailymail.co.uk/sport/fo...anchester-United-New-York-Stock-Exchange.html Discuss It boils down to how much dept they pay off with it, as Im sure they will keep a big chunk to themselves.
Your debt would be roughly halved reducing interest payments and the length of time paying debt. Are you 12?
Don't see the problem myself. The Glazers will sell off around 10% of the club, and use the proceeds to pay off around 25% of the gross debt. Sounds like a plan to me
You don't have a problem with it when they could reduce the debt by 50% yet are keeping half for themselves? Not trying to WUM am just generally interested in this attitude your fans seem to have with the Glazers. I'd be fuming if someone was doing this with Norwich..albeit would probably be talking a tenner and not a few hundred million ;-)
Cash Cow gets sold off on NY stock exchange rumour circulating on twitter is that Kia Joorabchian is the buyer.
Not really - the Glazers bought Utd using some of their own money, so I don't have a massive problem with them selling some of it to make money. I'd much rather they made their cash from capital gains than from taking a dividend out of the club. And the only reason they are making money out of selling part of the club is that they have made the club more valuable by increasing the commercial potential - since they took over they have almost trebled our commercial income whereas the plc increased it by about 50% in the seven years before the Glazers. Tbh I'd probably be pissed off if we hadn't won eight major trophies in the seven years since they took over. But with us still being top dog in England over that period, despite all the money Chelsea and City have spent trying to overhaul us; with us bringing new British talent through like Welbeck, Smalling, Jones and Cleverley; and with SAF saying the Glazers are great owners and he has no complaint, I find it pretty hard to be pissed off at this point. God no. That really would be the owner from hell....he'd have sold OT off to Qatar before you could say "**** off Kia you ****"...
I was referring to people calling them Criminals ect. Hard to argue with our Success we've had with or in spite of having the Glazers as our owners.
In spite of, or because of? A lot of people complain about the debt, but fail to recognise the value the Glazers have brought. Not only have they boosted commercial revenue by around £70 million a year, which is more than the club has ever had to pay in debt, but they have also given SAF a much easier transfer route. Nowadays when he finds a player all he has to do is phone one of the Glazer clones and get them to OK it. Previously he had to go to the board for approval, and they had to approve the fee, the wages, the contract and everything. We missed out on Shearer twice because the board dallied over agreeing terms, and let's not forget the ****ing debacle when Magnier and McManus derailed the whole club for a few months with their list of questions about transfer dealings purely cos they were arguing with SAF over a horse. Look at Bebe for example. Ok, he may be a chocolate teapot on the pitch, but the fact that SAF was able to call the Glazers and basically say "there's this kid I've never seen, no one at the club has ever seen, and who has never played professional football, but some scout we know says he's good and I want to sign him for £7 million" and get approval to buy him speaks volumes about how streamlined and quick the transfer process at the club has become. Ditto with snatching Hernandez for a steal before most clubs even knew who he was, and getting Jones to sign on the line before Liverpool and Arsenal even realised we'd triggered the release clause.
Yep but he would still want to keep ownership so he could offer us to anybody else with more money next year
Either or, I'm not Anti-Glazer but people seem to point fingers at them as soon as another clubs spends a bunch of money a player we were linked with and blames all of our problems on the Glazers. Personally I think Glazers aren't looking to sell anytime soon, they know how profitable the club is so I imagine they'll stick around for awhile.
I see them sticking around too, Manchester United are a money tree for them unlike many of their other businesses.
Aye, and these were the same people who were whining about the plc being unwilling to spend money when we didn't get Ronaldinho or spend big to replace Stam. Some people just want to find someone to blame for everything. Personally I reckon the Glazers will sell as soon as the markets firm up, and they have gotten revenues and profits as high as possible. The current IPO is obviously intended to drive the debts down further to help the bottom line, and the aggressive new sponsorship deals are likely to drive revenue up a lot when they come in in 2014/15. So I reckon the Glazers will use this IPO to test the market and improve the balance sheet, and if all goes well and they get the price they want they may then go for a full sale around 2015 when revenue shoots up again. Ultimately Utd may be a cash cow, but if you can sell a business for around 20 times the annual profits then you will almost certainly sell it.
Just curious Shwan, would rather we e run as a profitable business or as some Arab prince's plaything?.
So if the Glazers clear the debt they'd be good owners? Fergie runs the club, he gets no interference now, and we still spend money on players. We can't compete with City and Real penny for penny but we rarely go out and spend massive amounts of money on an individual player.
Is that not what we have already? Glazers take some money, the rest is available to SAF who has indicated he is perfectly happy with how it is spent. We make annual operating profits of £110 million, and once the IPO is completed our interest payments will drop to around £35 million a year. So around 30% of the profits. The Glazers don't take anything else other than the cost of the debt, which is falling all the time, so where is the problem? Al Mubarak and Mansour have been great at City so far, but that's cos Mancini has had them on an upward spiral - 5th to 3rd to 1st. How hands off will they be if City drop back down the table next season?
