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 UNITED's debts situation.. is it getting out of hand? 
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Post UNITED's debts situation.. is it getting out of hand?
Manchested United 'may be forced to sell stars'

Manchester United may be forced to sell top stars such as Wayne Rooney to balance the books while the club's Carrington training ground and even Old Trafford may also be sold.

The American Glazer family, who privately own United, are struggling to raise money for transfers while recent figures showed only the £80 million sale of Cristiano Ronaldo to Real Madrid kept the club from recording a loss last year.

With debts mounting - the figure stands at £700m while £325m has been paid in interest since the unpopular takeover in 2005 - the club are issuing a £500m bond in a bid to attract investors.

The possibility of losing top assets such as Rooney was outlined in a prospectus sent out for this purpose - where by law the Glazers have to warn potential investors of all possible risk.

It stated: "(The situation could) limit our ability to acquire or retain top players... the indenture governing the Notes (bonds) will limit our ability to sell or transfer (some assets), but not prohibit us from selling or transferring our training ground facilities and our stadium."

Should Carrington - which is at greater risk than the stadium - or Old Trafford be sold, it is understood United would lease it back from the new owners.

However there is an acknowledgement that such a move would mean United have no say over their future use.

"Although in the sale or transfer of any of these properties, the transferee will be required to enter into a long-term lease with us to enable us to continue to have substantially the same access to such property as we currently do, if we sell or transfer either or both of these properties, we will no longer control them," the prospectus stated.

The club has already drawn a £36m cash advance on an £80m four-year shirt sponsorship deal with American insurance giant Aon, which does not begin until the summer.

United manager Alex Ferguson has said on several occasions that he has access to the money from the sale of Ronaldo, but has not seen anyone worth shelling out for.

However that claim seems hollow in light of the parent company's plans for the club.


26 thUTCp 2008
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Post Re: UNITED's debts situation.. is it getting out of hand?
tak nak la jadi cam Leeds... :8


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Post Re: UNITED's debts situation.. is it getting out of hand?
United fears laid bare
James Robson
January 13, 2010


UNITED have admitted for the first time that their Premier League supremacy is under threat.

Supporters have been shaken to core by financial results released on Monday, which laid bare the crippling effect the club’s mammoth £700m debt is having on Old Trafford.

With United now seeking £500m investment in the form of bonds, they have been forced to reveal the risks associated with buying into the club.

Primary among them is the fear that Sir Alex Ferguson’s impending retirement will prompt a downturn in performance and a failure to “attract and retain” top players.

United’s hierarchy have also pointed to the likes of mega-rich rivals like City and Chelsea as major threats to their continued dominance, while possible UEFA regulations on debt could “limit our ability to acquire or retain top players.”

The risks have been included in 322-page document distributed to potential investors as United look to issue the £500m of bonds that would considerably ease the debt taken on by the Glazer family when controversially buying the club in 2005.

Risks

It is standard procedure to lay out any risks associated with potential investments and the points highlighted can be considered worst case scenarios.

Also included is the threat of terrorism when United travel abroad or indeed on home soil at the “iconic” Old Trafford, described as a “potential target.”

But with United’s concerns laid out in black and white, they will only fuel the fears of supporters still stunned by Monday’s results.

Despite a year in which the club won the Premier League, Club World Cup and Carling Cup, while reaching the Champions League final and semi finals of the FA Cup, they still relied on the world record £80m sale of Cristiano Ronaldo to avoid announcing a loss of £31.8m.

They also enjoyed a healthy increase in matchday, media and commercial revenue, but still only made a profit of £48.2m. And the fact they made interest payments of £42m on a £509m loan demonstrates just how much of a burden their debts have become.

Experts say the bond issue will be attractive to investors and a sound business move for the club.

Grim

But it has also forced to United to face some grim possibilities.

Potential investors would obviously want to know what the future holds beyond Ferguson.

“Any successor to our manager may not be as successful as he has been,” the document bluntly reads. “A downturn in the performance of the first team may adversely affect our ability to attract and retain such coaches and players.”

Regarding the threat of City and Chelsea, it adds: “In the Premier League, recent investment from wealthy team owners has led to teams with strong financial backing. The increase in competition could result in our first team finishing lower in the Premier League than we have in the past and jeopardising our qualification for or results in the Champions League.”

Such comments will make chastening reading for supporters. But should the document have the desired effect in attracting £500m of fresh investment it will already be a sizeable step in ensuring such fears do not become a reality.


26 thUTCp 2008
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Post Re: UNITED's debts situation.. is it getting out of hand?
abes la. bsiap sedia utk bankrap


26 thUTCp 2008
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Post Re: UNITED's debts situation.. is it getting out of hand?
Loque wrote:
abes la. bsiap sedia utk bankrap


ayoyoyoy


26 thUTCp 2008
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Post Re: UNITED's debts situation.. is it getting out of hand?
aku dh start bersiap sedia sejak Glazers ambik alih United.
F*ck Glazers.


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Post Re: UNITED's debts situation.. is it getting out of hand?
nazq wrote:
aku dh start bersiap sedia sejak Glazers ambik alih United.
F*ck Glazers.

Aku baru nak ckp F**k Glazers..da tau xde cash nak beli Utd, jgn beli..ni beli pkai full loan..beli moto pon ade deposit la Uncle Sam..hope kalu tol kelab kite menuju kehancuran, ade la org kaye bli Utd..


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Post Re: UNITED's debts situation.. is it getting out of hand?
riochan wrote:
nazq wrote:
aku dh start bersiap sedia sejak Glazers ambik alih United.
F*ck Glazers.

Aku baru nak ckp F**k Glazers..da tau xde cash nak beli Utd, jgn beli..ni beli pkai full loan..beli moto pon ade deposit la Uncle Sam..hope kalu tol kelab kite menuju kehancuran, ade la org kaye bli Utd..

sdg kan city pun ada yg beli.. tak kan tak ada pak-pak arab yg minat ke nak beli club kita nih? hukhu.. :8


26 thUTCp 2008
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Post Re: UNITED's debts situation.. is it getting out of hand?
sekali-sekala kita layan championship la plak pas ni.. ok per.. :nod:

seriusly kita kena kick glazers ASAP.. so sapa agak2 korang yg layak ganti glazers as New United's owner?


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Post Re: UNITED's debts situation.. is it getting out of hand?
nr_nan87 wrote:
sekali-sekala kita layan championship la plak pas ni.. ok per.. :nod:

seriusly kita kena kick glazers ASAP.. so sapa agak2 korang yg layak ganti glazers as New United's owner?


fans2 United worldwide kene wat kutipan derma utk beli balik Utd :frown:


26 thUTCp 2008
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Post Re: UNITED's debts situation.. is it getting out of hand?
nr_nan87 wrote:
sekali-sekala kita layan championship la plak pas ni.. ok per.. :nod:

seriusly kita kena kick glazers ASAP.. so sapa agak2 korang yg layak ganti glazers as New United's owner?

Bill gates.. gamaknyer dia jer yg mampu byor hutang2 kita semua tuh.. hukhuk..


26 thUTCp 2008
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Post Re: UNITED's debts situation.. is it getting out of hand?
riochan wrote:
nazq wrote:
aku dh start bersiap sedia sejak Glazers ambik alih United.
F*ck Glazers.

Aku baru nak ckp F**k Glazers..da tau xde cash nak beli Utd, jgn beli..ni beli pkai full loan..beli moto pon ade deposit la Uncle Sam..hope kalu tol kelab kite menuju kehancuran, ade la org kaye bli Utd..

ni la prob jd plc, sape2 je leh beli. tp mslhnye, diorg x ckp klu org tu kene pki duit die or pnjm dr tmpt laen. xde larangan utk org cm glazers. tu la mslhnye...


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Post Re: UNITED's debts situation.. is it getting out of hand?
Quote:
Latest News :

Glazers May Sell OLD TRAFFORD!!!


The Glazer family's admission that they may have to sell off Old Trafford to ease their debts at Manchester United looked even more embarrassing when it emerged that they explicitly vowed it would never happen shortly after buying the club.

Sportsmail revealed that United's owners may sell the famous stadium and lease it back if their crippling financial problems get worse.

The Glazers' admission that selling Old Trafford and, in more likelihood, their Carrington training centre is a possibility came in the document distributed to potential investors this week ahead of a £500million bond issue aimed at relieving the pressure of the family's £699m debts.

BIAR BETIK!!! ;O

Jgn kata player jer nak kena jual.. Stadium ngn Training ground pun dah nak kena Lelong!!! Giler ar.. :8

p.s: pasni Man UTd home ground main kat stadium merdeka then training plak kat wisma FAM.. hukhuk... :P


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Post Re: UNITED's debts situation.. is it getting out of hand?
faizul-azlan® wrote:
Quote:
Latest News :

Glazers May Sell OLD TRAFFORD!!!


The Glazer family's admission that they may have to sell off Old Trafford to ease their debts at Manchester United looked even more embarrassing when it emerged that they explicitly vowed it would never happen shortly after buying the club.

Sportsmail revealed that United's owners may sell the famous stadium and lease it back if their crippling financial problems get worse.

The Glazers' admission that selling Old Trafford and, in more likelihood, their Carrington training centre is a possibility came in the document distributed to potential investors this week ahead of a £500million bond issue aimed at relieving the pressure of the family's £699m debts.

BIAR BETIK!!! ;O

Jgn kata player jer nak kena jual.. Stadium ngn Training ground pun dah nak kena Lelong!!! Giler ar.. :8

p.s: pasni Man UTd home ground main kat stadium merdeka then training plak kat wisma FAM.. hukhuk... :P


what on earth is going on!?


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Post Re: UNITED's debts situation.. is it getting out of hand?
ntah la din.. risau dah saya dibuatnyer.. -.-'


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