So i guess if they bale out it depends if they leave the debt to whoever takes it over ?
All that money going into someones pocket who does not even care about the club makes me so angry.. giveme Levy anytime
comment by Wearethefamousthfc... and wer'e off to Wembley (U10288)
posted 5 minutes ago
Sorry.. but how can Man utd be self sufficient when they are 700 million in debt ?
===================================
Wow that's shot up, last time i checked it was 439m, but let's not split hairs eh.
There you go - they are paying it off
last yr it was 750 so you must of paid a lot off
So in essence it is not possible to win the title without either borrowing billions or having a sugar daddy owner.
I reckon so Arthur, although borrowing billions or having a sugar daddy doesn't guarantee success it could well do in the future.
Komakino (U7809)
Pretty much or not quite the same?
Our recent history has been poor by our own standards, but in that time we never dropped out of the top flight and won a couple of trophies.
Your recent history suggested you were not going to win anything and might well have gone back to a bit of yoyo-ing.
Not sure why you're starting us, it was a simple question "can the league be won again without buying it?" Why get offended? are you going to tell us you haven't bought it? Are you saying you were knocking on the champions league door before the money turned up? were you competing in numerous finals before the money turned up?
Do you believe Chelsea would have had all their success had the russian not turned up.
Lets get one thing straight neither City or chelseas owners will ever see a profit from these two football clubs, all other clubs have to at least break even over time or the owners would pull out.
Manchester United says its revenues for the last six months of 2011 increased to £175m, as it released its latest financial figures.
It is an increase of £18.5m on the Old Trafford club's revenues for the same period last year.
The Premier League club said debt was £439m at the end of 2011, less than the £508m reported 12 months previously.
Last year, United said it would partially float on the Singapore Stock Exchange, but that has yet to happen.
The team, currently second to rivals Manchester City in the Premier League, are also competing in the Europa League.
Match day revenues (up from £52.4m to £54.5m), media revenue (up from £53.7m to £60.9m) and commercial revenue (up from £50.4m to £58.6m) were all ahead
So they are self sufficient.
They can still be accused of buying success, albeit from a position that their fans can be more proud of than City's
I think the one thing this article is showing is that Chelsea and now Man City have bought all their recent trophiss and Man United are borrowing money at a very unhealthy rate to win their trophies.
If you cast your mind back to 99 when united won the treble, they were the world's first sports club valued at over 1bn, since then the glazers made a leveraged buyout of the club, something quite common in the U.S, thus putting the club in debt to raise the finances needed to acquire it, if you believe united are existing beyond their means then you need to do a bit more research.
Otis Driftwood
I think you also need to do a bit of research into why their are so many clubs going into administration in the past 5 years because they are all borrowing money that they are no chance of paying back. Man Untied are to my knowledge nearly three-quarters of a billion in debt.
Debt in the new modern world will not now be tolerated.
Three quarters of a billion, maths not your strong point then?
Otis. Before you post think.
http://oxforddictionaries.com/words/how-many-is-a-billion
1 billion is a thousand million, so how is 439m three quarters of a billion?
"In essence is buying the title the way forward now?"
Have to believe that there is a new Cloughie out there, who is capable of assembling a mixture of old hands + youngsters to do another Forest.
That is why Swansea have been so pleasing to watch and track this season.
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With Man City looking for all the world
Page 2 of 2
posted on 25/2/12
So i guess if they bale out it depends if they leave the debt to whoever takes it over ?
All that money going into someones pocket who does not even care about the club makes me so angry.. giveme Levy anytime
posted on 25/2/12
comment by Wearethefamousthfc... and wer'e off to Wembley (U10288)
posted 5 minutes ago
Sorry.. but how can Man utd be self sufficient when they are 700 million in debt ?
===================================
Wow that's shot up, last time i checked it was 439m, but let's not split hairs eh.
posted on 25/2/12
There you go - they are paying it off
posted on 25/2/12
last yr it was 750 so you must of paid a lot off
posted on 25/2/12
So in essence it is not possible to win the title without either borrowing billions or having a sugar daddy owner.
posted on 25/2/12
I reckon so Arthur, although borrowing billions or having a sugar daddy doesn't guarantee success it could well do in the future.
posted on 25/2/12
Komakino (U7809)
Pretty much or not quite the same?
Our recent history has been poor by our own standards, but in that time we never dropped out of the top flight and won a couple of trophies.
Your recent history suggested you were not going to win anything and might well have gone back to a bit of yoyo-ing.
Not sure why you're starting us, it was a simple question "can the league be won again without buying it?" Why get offended? are you going to tell us you haven't bought it? Are you saying you were knocking on the champions league door before the money turned up? were you competing in numerous finals before the money turned up?
Do you believe Chelsea would have had all their success had the russian not turned up.
Lets get one thing straight neither City or chelseas owners will ever see a profit from these two football clubs, all other clubs have to at least break even over time or the owners would pull out.
posted on 25/2/12
Manchester United says its revenues for the last six months of 2011 increased to £175m, as it released its latest financial figures.
It is an increase of £18.5m on the Old Trafford club's revenues for the same period last year.
The Premier League club said debt was £439m at the end of 2011, less than the £508m reported 12 months previously.
Last year, United said it would partially float on the Singapore Stock Exchange, but that has yet to happen.
The team, currently second to rivals Manchester City in the Premier League, are also competing in the Europa League.
Match day revenues (up from £52.4m to £54.5m), media revenue (up from £53.7m to £60.9m) and commercial revenue (up from £50.4m to £58.6m) were all ahead
posted on 25/2/12
So they are self sufficient.
They can still be accused of buying success, albeit from a position that their fans can be more proud of than City's
posted on 25/2/12
I think the one thing this article is showing is that Chelsea and now Man City have bought all their recent trophiss and Man United are borrowing money at a very unhealthy rate to win their trophies.
posted on 25/2/12
If you cast your mind back to 99 when united won the treble, they were the world's first sports club valued at over 1bn, since then the glazers made a leveraged buyout of the club, something quite common in the U.S, thus putting the club in debt to raise the finances needed to acquire it, if you believe united are existing beyond their means then you need to do a bit more research.
posted on 25/2/12
Otis Driftwood
I think you also need to do a bit of research into why their are so many clubs going into administration in the past 5 years because they are all borrowing money that they are no chance of paying back. Man Untied are to my knowledge nearly three-quarters of a billion in debt.
Debt in the new modern world will not now be tolerated.
posted on 25/2/12
Three quarters of a billion, maths not your strong point then?
posted on 25/2/12
Otis. Before you post think.
http://oxforddictionaries.com/words/how-many-is-a-billion
posted on 26/2/12
1 billion is a thousand million, so how is 439m three quarters of a billion?
posted on 26/2/12
"In essence is buying the title the way forward now?"
Have to believe that there is a new Cloughie out there, who is capable of assembling a mixture of old hands + youngsters to do another Forest.
That is why Swansea have been so pleasing to watch and track this season.
Page 2 of 2