Man Utd owners facing £1.1bn debt
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westham1995
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Man United are ******.
There is nothing to worry about as far as Manchester United fans are concerned, if it gets to the stage when they can't afford to run the football club anymore then they will have no choice but to sell because they have a legal obligation to pay back that debt. Manchester United are not going to go bust, there will be lots of buyers if Manchester United are put on the market.
Ride The Walrus
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Same post last night, close it.
Parker_Rangers_1873
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since when do you deccide which gets closed or not ?
Ride The Walrus
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Since there is another thread on the EXACT same topic, i'm being a good samaritan
1) it's the glazer debt not the clubs
2) man u are one of a few premeir league clubs to actually make a profit
3) a new owner would buy them because of the huge potencial
4) they will never go bust due to the profit and global reputation
but they need to sign some more players........
2) man u are one of a few premeir league clubs to actually make a profit
3) a new owner would buy them because of the huge potencial
4) they will never go bust due to the profit and global reputation
but they need to sign some more players........
MisterStubbs
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Manchester United are the biggest club in the world (not just because i support them) the amount of interest there would be if the Glazer family decided to sell. United will never die, go out of business, its just wishful thinking from fans who despise us! LUHG
To those of you that don't think this is a problem:
The debt that the club owes is bad, and will reduce the club's ability to use its financial muscle for transfers etc for several years. What's important about the debt that the Glazers owe separately to the club isn't that it is owed by United, but that United is the most-liquid asset the Glazers have - it's the only thing they own where they can raise cash quickly (by selling players) should they need to.
So while it's not a problem at the moment, it could be a problem should things get worse with the Glazers other companies. Also because it's the only cash-cow in the Glazer empire, it's the last asset they'll sell unless they can make enough on it to clear the rest of their debts and make a profit. So bad news in the other businesses won't force a sale.
The debt that the club owes is bad, and will reduce the club's ability to use its financial muscle for transfers etc for several years. What's important about the debt that the Glazers owe separately to the club isn't that it is owed by United, but that United is the most-liquid asset the Glazers have - it's the only thing they own where they can raise cash quickly (by selling players) should they need to.
So while it's not a problem at the moment, it could be a problem should things get worse with the Glazers other companies. Also because it's the only cash-cow in the Glazer empire, it's the last asset they'll sell unless they can make enough on it to clear the rest of their debts and make a profit. So bad news in the other businesses won't force a sale.
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And on that positive note...
They won't go bust. There maybe hard times ahead but, come on, this is Manchester United we are talking about. I will be shocked if you go under.
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If they keep getting into the Champions League and do decent in it, e.g get to quarters or something they'll be fine I should hope, you'd get a lot of revenue from that for winning matches and getting through the group stages etc.