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Post by kstandhand on Sept 22, 2022 12:11:25 GMT
£62 mil servicing debt ffs
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Post by mightyez on Sept 22, 2022 12:13:14 GMT
The United Stand @unitedstandmufc · 2m Richard Arnold: "Ultimately, we know that the strength of Manchester United rests on the passion and loyalty of our fans, which is why we have made fan engagement a strategic priority." #mufc just fuck off! Let's be honest that's a massive u turn from, we are healthy position, commercial money rolling in blah blah blah. He is basically saying we are stuffed and fan protests etc are biting.
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Post by mightyez on Sept 22, 2022 12:14:33 GMT
£62 mil servicing debt ffs the nature of the debt and the way it was structured is dire. You literally need to lump sum pay it off which is clearly beyond the owners means. That debt payment and dividend is over £100 million.
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Post by kstandhand on Sept 22, 2022 12:19:57 GMT
£62 mil servicing debt ffs the nature of the debt and the way it was structured is dire. You literally need to lump sum pay it off which is clearly beyond the owners means. That debt payment and dividend is over £100 million. they cannot turn this around
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Post by Paul on Sept 22, 2022 12:27:51 GMT
the nature of the debt and the way it was structured is dire. You literally need to lump sum pay it off which is clearly beyond the owners means. That debt payment and dividend is over £100 million. they cannot turn this around It's not that they can't. They have no intention to. They've proved this by refusing to bring the debt down and the amount of money they've taken out of the club. It's a cash cow to them and nothing else. The part thats also sickening is that when/if they end up selling up they'll walk away with billions of profit from a project they invested 0 into. That being said it's what needs to happen because they have no place being here, they're certainly not wanted.
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Post by Bestie on Sept 22, 2022 12:45:49 GMT
they cannot turn this around It's not that they can't. They have no intention to. They've proved this by refusing to bring the debt down and the amount of money they've taken out of the club. It's a cash cow to them and nothing else. The part thats also sickening is that when/if they end up selling up they'll walk away with billions of profit from a project they invested 0 into. That being said it's what needs to happen because they have no place being here, they're certainly not wanted. No, they literally can't. That size of capital isn't there, in the club or in their other assets.
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Post by Bestie on Sept 22, 2022 12:49:01 GMT
Our actual real cash on hand (I've mentioned it before) is now around £ 20 million. That's basically nothing.
For reference and comparison, pre-Covid we had between £ 230 (2016) - 308 (2019) million COH.
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Post by Bestie on Sept 22, 2022 12:52:05 GMT
£62 mil servicing debt ffs Current debt 630 million, plus the 220 million in transfer fees from the summer. So potentially around 800-850 million in unpaid debt by the next earnings round, depending on what fees were up front.
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Post by Paul on Sept 22, 2022 13:18:10 GMT
It's not that they can't. They have no intention to. They've proved this by refusing to bring the debt down and the amount of money they've taken out of the club. It's a cash cow to them and nothing else. The part thats also sickening is that when/if they end up selling up they'll walk away with billions of profit from a project they invested 0 into. That being said it's what needs to happen because they have no place being here, they're certainly not wanted. No, they literally can't. That size of capital isn't there, in the club or in their other assets. I mean even if they had the capital to do so they wouldn't have any intention to do it. All I'm hoping for is it'll force their hand to sell up.
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Post by Paul on Sept 22, 2022 13:24:03 GMT
A disgrace.
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Post by kstandhand on Sept 22, 2022 13:35:00 GMT
"Earlier this year, we appointed master planners to explore options for potential redevelopment of our stadium and the club-owned land which surrounds it. We are at an early stage of a multi-year project and will continue to gather input and feedback from our fans and other stakeholders on these options before making any firm decisions, and we will update the market in due course.
"While remaining committed to long-term investment in the stadium, we will be disciplined in our capital plans, which must be sustainable, and mindful of the macroeconomic pressures and inflationary environment currently impacting the UK and wider global economies."
They haven't got the money ,this translates to more cheap paint jobs.
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Post by kstandhand on Sept 22, 2022 13:36:17 GMT
£62 mil servicing debt ffs Current debt 630 million, plus the 220 million in transfer fees from the summer. So potentially around 800-850 million in unpaid debt by the next earnings round, depending on what fees were up front. Todays biggest winner..Sir Jim! The Glazers really should be begging him to save their asses & buy them out!
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Post by kstandhand on Sept 22, 2022 13:49:02 GMT
Toe In The Water @toeinthewater1 · 1m Rangnick got £14m for the cancelled two-year consulting contract. He had to sign a non-disclosure agreement meaning we don't get to hear his side of the story. It's expensive to keep the lid on your disasters hey Dickie?
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Post by mightyez on Sept 22, 2022 14:04:26 GMT
Toe In The Water @toeinthewater1 · 1m Rangnick got £14m for the cancelled two-year consulting contract. He had to sign a non-disclosure agreement meaning we don't get to hear his side of the story. It's expensive to keep the lid on your disasters hey Dickie? Complete and utter madness. The payouts are criminal really. Financially we are in a complete mess. Really need champions league football but more importantly Murtough has to shift players on sales, personally I’d sack him if he can’t get Williams, AWB, Jones, Maguire out in January. He has to start doing the work now, or really should have started the moment the window shut
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Post by kstandhand on Sept 22, 2022 15:13:10 GMT
Toe In The Water @toeinthewater1 · 1m Rangnick got £14m for the cancelled two-year consulting contract. He had to sign a non-disclosure agreement meaning we don't get to hear his side of the story. It's expensive to keep the lid on your disasters hey Dickie? Complete and utter madness. The payouts are criminal really. Financially we are in a complete mess. Really need champions league football but more importantly Murtough has to shift players on sales, personally I’d sack him if he can’t get Williams, AWB, Jones, Maguire out in January. He has to start doing the work now, or really should have started the moment the window shut Regrettably are problems are more significant than shifting players,previously we were approaching tipping point financially. The first 1/4 years accounts are going to include this summers spend,we will be well passed tipping point then. Sir Jim doesn't need to rush in now,just needs to be wait & be patient now. The finances & capital expenditure required are now well beyond anything other the Glazers are capable of funding from other assets or personal wealth.
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