ManU Debts out of control! gonna be like Leeds?
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Of course its a risk... Even buying Aston Villa or West Ham was also a risk! Every business venture comes with a risk. Had West Ham gone down last season... Their 100 million investment in the club with their new players on high salaries would all very fast become lesser value... Every investment comes with a risk... And in most cases, the greater the risk, the greater the returns or the greater the lost... Its a simple logic.Originally posted by Saltiga:wow, wasn't expecting such a lenghty reply but guess you've probably just broke the sports folder's record for longest post.
790million is a risk or not a risk? may i ask you? you started off saying they took a risk with the investment while reverting back to say that its no big deal with such a sum given that ManU is such a profitable company, so its a risk or no a risk?
everyone is in for the money no doubt but the direct investment from Roman cannot be spoken with the same breath as Glazer, if media reports are anything to base on Glazer families hardly took out a cent from their own pocket for those purchases made by the club all those are self generating funds and budgets from past years.
Man City's case is of polictical issue so lets not touch on it.
about Tampa Bay? Check the season tickets price before and after 2002 to get the pic!
Manchester, Liverpool or Newcastle can never to compare with London and i bet you're not going to buy a property in Jurong base on price from of a property town do you?
When is it a risk? I would say the first step when they decided to buy it fully for $790m with bank loans which the Glazer family will be solely responsible for. That was already about 2 and a half years ago... There was no guarantee that the EPL was going which direction... Had the deal turn bad, they will be the ones that the banks will go looking for... But the "no big deal" comes from the fact that it has been about 2 and a half years since... The Tv deals that were mentioned back then have materialize therefore they can expect a guaranteed yearly sum of $30m just for being in the Premiership and probably $50m should they become champions.
Nevertheless, this still does not take into account the new long term sponsorships deals struck with companies like AIG, Nike (Both American companies) and other "smaller ones" since the Glazer family came... And in the Champions League... They could also make anything from minimum $10m to a sum of maybe $40 to $80m yearly... depends on how far they progress in the competition... And apart from all these... They still manage to have a full house 70+ thousand fans to every match... The gate collections probably come up to around a few million every match.
The fact that the fundamentals of the club is strong, it is known worldwide and has strong support around the globe that why i said its not a big deal cos over a period of 5 to 10 yrs... they could actually clear everything. The money that the club generates are more than adequate to service their yearly loans.
From how i see it, the only difference the investment made by Roman and Glazer family is... Malcolm Glazer took a greater risk. He probably put half of his fortunes into it whereas in Roman's case... even the whole of chelsea with all its signings... probably cost $500m, would not really cost him much worry should he lose it if he is worth $18b.
It sounds rather silly when you said "Glazer families hardly took out a cent from their own pocket for those purchases made by the club all those are self generating funds and budgets from past years." I have to tell you that when you takeover a business or company, you take over its past, its present and its future as well. You also takeover its debts should it have any as in Newcastle and Liverpool's case. You cannot say that what was created in the past does not belong to them cos once they officially takeover, everything from the light bulb in the stadium to the grass on the field belongs to them already... and even the club's bank account for they paid for it in their $790m deal.
About Tampa Bay... Of course it will go up. Prices in 2002 can't be the same as in 1995 right... Even here in Singapore, can you tell me that most tickets prices today are the same as in 1995? Even my bus fare ticket is going up...
But more importantly, The Tampa Bay Buccaneers team was a bunch of losers... Tickets were hardly going easily because the team was losing most of the time. It was only after Malcolm Glazer took over that investments were made... New qualified football coaches were brought in... Better quality players came as well which finally enable them to their first Super Bowl victory... Malcolm Glazer paid $192 million for it in 1995 and today its worth a few time more.
And finally, Manchester and London isn't exactly our Jurong and town areas compare... More like our Orchard and Bukit Timah kind of comparison... For Manchester is a major city in it own right and probably bigger then some other European cities. Anyway, i don't think i broke any records... But i can write longer if you like...
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I also find this a rather interesting thing to pick up on... Hope you don't mind i post here...Originally posted by stellazio:this is a good arguement on facts and opinions.longest postings i have ever seen in sports too, I hope those clones don't come in and disturb.. interesting..
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woah, another super duper long post.
anyway like i've mentioned before in another thread i think, the fact that man utd is big and famous, they do not need to worry about the glazers.
Because even if the interests from bank loans spirals out of control and the glazers are unable to pay off the debts, they just need to put up their shares for sale probably them making a loss in return but doing which i am 99% sure that some other rich businessmen will do a takeover like Roman's case to clear the debts and start anew again.
If Leeds went bankrupt during this past 1 or 2 seasons, i'm quite positive that some big player might have taken over to play his game too as is the case with the EPL nowadays. -
yeah man, can read about things i didn't know at first.Originally posted by stellazio:this is a good arguement on facts and opinions.longest postings i have ever seen in sports too, I hope those clones don't come in and disturb.. interesting..
if clones come in a disturb, i nth to say -
Great! ManU kick out of Carling.
One Cup less to earn $$$ to pay their interest! -
to all who just love to hate MUFC or manure, I only got one thing to say..
please continue to scold..
the day you die, MUFC will still not die, and they won't even feel a thing..
as for MUFC's fans, it is like waters off a ducks' back..
the more they shout, means MUFC successful.. so let these mad dogs bark lor..
for me, it is like music to my ears.. -
and I just love to see those clones coming up..
imagine all the trouble just to hide their identity and start a thread...
mufc divers, mufc in debts, mufc ugly, manure...
something new please... it is kinda boring and I starting to question your intellect.
last thing, while you searching your empty brains to come up with something new, keep scolding, spawning new threads, it is really enjoying..
by the way, whatever things you scold, shout about MUFC, same to your mum..
bye. -
You are not a Manure fan. The true Manure fans are at F.C. United of Manchester.Originally posted by iceFatboy:and I just love to see those clones coming up..
imagine all the trouble just to hide their identity and start a thread...
mufc divers, mufc in debts, mufc ugly, manure...
something new please... it is kinda boring and I starting to question your intellect.
last thing, while you searching your empty brains to come up with something new, keep scolding, spawning new threads, it is really enjoying..
by the way, whatever things you scold, shout about MUFC, same to your mum..
bye. -
Dun be lame la... what u said give me the impression that "Man U is the best of the best in the world" which is of course NOT TRUE.Originally posted by iceFatboy:to all who just love to hate MUFC or manure, I only got one thing to say..
please continue to scold..
the day you die, MUFC will still not die, and they won't even feel a thing..
as for MUFC's fans, it is like waters off a ducks' back..
the more they shout, means MUFC successful.. so let these mad dogs bark lor..
for me, it is like music to my ears..
chill88 is sure "Man U will be champion again". We shall see at the end of the season. Anyway what chill88 posted are worse than ghimpeng. -
And the clonemaster has managed to revive this thread. I know I'm adding to it but just to point it out to a few others.
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Why not, the MU clone kings Sumone aka icefat-girl kept posting wif his clones id.
Of course ppl follow suit lor. -
football is football, how can you mix up clubs with their personal families?Originally posted by iceFatboy:and I just love to see those clones coming up..
imagine all the trouble just to hide their identity and start a thread...
mufc divers, mufc in debts, mufc ugly, manure...
something new please... it is kinda boring and I starting to question your intellect.
last thing, while you searching your empty brains to come up with something new, keep scolding, spawning new threads, it is really enjoying..
by the way, whatever things you scold, shout about MUFC, same to your mum..
bye.
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Man, you are confused as always. Not just when it comes to soccer.Originally posted by innosaint:Why not, the MU clone kings Sumone aka icefat-girl kept posting wif his clones id.
Of course ppl follow suit lor. -
Yeah man, why bring families into it?Originally posted by stellazio:football is football, how can you mix up clubs with their personal families? -
I remembered is ManU girls here started it first. Kept bi+ching about how Chelsea "bought" it's titles, Dive , poach players..... blah blah.... ..all these thing ManU, Arsenal & Liverpool already done countless of times since when policeman wear shorts dat time!
Yet they can talk about The Blues, but nobody can talk about their loser team.
That's why lah! -
Originally posted by gangsterkillar:
And this thread was started by....?
[b]I remembered is ManU girls here started it first. Kept bi+ching about how Chelsea "bought" it's titles, Dive , poach players..... blah blah.... ..all these thing ManU, Arsenal & Liverpool already done countless of times since when policeman wear shorts dat time!
Yet they can talk about The Blues, but nobody can talk about their loser team.
That's why lah![/b] -
Originally posted by ultimate_s&l:
it's funny to see you replying to yourself
[b]Oh no! No wonder some United players are pondering a move to some other top clubs earlier this season!
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Originally posted by gangsterkillar:
Last time policemen wear shorts; Dinosaurs run on the road; Old folks know how to climb trees!
[b]I remembered is ManU girls here started it first. Kept bi+ching about how Chelsea "bought" it's titles, Dive , poach players..... blah blah.... ..all these thing ManU, Arsenal & Liverpool already done countless of times since when policeman wear shorts dat time!
Yet they can talk about The Blues, but nobody can talk about their loser team.
That's why lah![/b] -
this kind of manure suxporter really no manner, must bring families into picture. his behaviour is much worse than ghimpheng.Originally posted by stellazio:football is football, how can you mix up clubs with their personal families? -
is troll ma, ignore lorOriginally posted by 798:this kind of manure suxporter really no manner, must bring families into picture. his behaviour is much worse than ghimpheng.
dunch angry la -
u mean icefatboy?Originally posted by gigabyte14:is troll ma, ignore lor
dunch angry la -
are you any better? hidding around after throwing cheap shots at people is what you does best?Originally posted by 798:u mean icefatboy? -
798, your "bunnie" pics really put blood on my nose leh!
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no, TSOriginally posted by 798:u mean icefatboy? -
ManUre fans here are like dat. Fvcking losers who admire faggot of a coach in a Red diving club.Originally posted by 798:this kind of manure suxporter really no manner, must bring families into picture. his behaviour is much worse than ghimpheng.