https://www.dailymail.co.uk/sport/sport ... LLION.html

The Glaziers continue to take money out of the club through dividends despite losses and soaring debt

Foreign owners !!! - who would have them ?

Why is the debt or directors taking money out bad if their business can support it?

jojomk1 wrote: ↑

Wed Oct 21, 2020 2:18 pm

https://www.dailymail.co.uk/sport/sport ... LLION.html

The Glaziers continue to take money out of the club through dividends despite losses and soaring debt

Foreign owners !!! - who would have them ?

there is 3 year+ long running thread on that subject

as for today's news the gross debt is unchanged - all that has changed is the cash position - in much the same way a number of us have been saying the Burnley cash position would be similarly affected

there are some interesting accounting treatments and huge amounts of missing detail around Premier League revenue forecasts/rebate obligations in the short and medium term

all on the aforementioned thread

They deserve it playing in those shirts they wore last night!!! Looks like they should be playing at a Safari Park.

Stayingup wrote: ↑

Wed Oct 21, 2020 2:33 pm

They deserve it playing in those shirts they wore last night!!! Looks like they should be playing at a Safari Park.

Marty Rashford

Did I read they'd extended their sponsorship until Dec 21? Must be for the training ground, surely can't replace the shirt sponsorship mid-season?

Remember teams had companies go bust and still had same sponsor (Newcastle/ Northern Rock?)

pompeyclaret wrote: ↑

Wed Oct 21, 2020 2:39 pm

Did I read they'd extended their sponsorship until Dec 21? Must be for the training ground, surely can't replace the shirt sponsorship mid-season?

Remember teams had companies go bust and still had same sponsor (Newcastle/ Northern Rock?)

No Chevrolet shirt sponsorship - gives a bit of extra negotiating time

What's £474 million between friends.

The principal debt position as CP has said has remained the same.
It’s also a lot lower than it was at its peak.

Yes the Glazers have made a fortune out of the club in interest and dividend payments but the reason that you don’t see United fans protesting against them anymore because it’s these owners who have made them the ‘richest’ club in the world. The value of the club is more than 2 billion - compare that to their value when the Glazers took over.

The Glazers have allowed the club to spend / waste hundreds of millions of pounds on buying players and paying astronomical salaries which are up there with any club in the world. The lack of success on the pitch is not down to the Glazers - it’s down to successive managers not being anywhere as good as Sir Alex and other clubs like City coming along who are also prepared to spend a billion pound on players.

Doesn’t mean I like the Glazers - I don’t......but my guess is any United fan who still feels the need to protest against them has no idea what they have done for the club financially !!

Also taking into account the average Man U fan lives in Kent or Japan, and doesn't give a flying sourcer about their debt.

FactualFrank wrote: ↑

Wed Oct 21, 2020 3:35 pm

Also taking into account the average Man U fan lives in Kent or Japan, and doesn't give a flying sourcer about their debt.

I was chatting to a chap in a Red scarf, I asked him who he supported and he said....


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Bosscat wrote: ↑

Wed Oct 21, 2020 3:47 pm

I was chatting to a chap in a Red scarf, I asked him who he supported and he said....

マンチェスター・ユナイテッドをサポートします
Manchesutā Yunaiteddo o sapōto shimasu

The amount of shirts they sell is more important to the owners than the amount of points they get.