corsasport.co.uk
  Not logged in [Login - Register]  
You Are Not Registered Or Not Logged In  

Corsa Sport » Message Board » Off Day » Sports Day » Man Utd to pay off debt - Nic and Cosmo rejoice


New Topic
New Poll 		  <<  1    2  >> Subscribe | Add to Favourites

You are not logged in and may not post or reply to messages. Please log in or create a new account or mail us about fixing an existing one - register@corsasport.co.uk

There are also many more features available when you are logged in such as private messages, buddy list, location services, post search and more.


Author Man Utd to pay off debt - Nic and Cosmo rejoice
Russ
Member
Registered: 14th Mar 04
Location: Armchair
User status: Offline
16th Nov 10 at 08:30   View User's Profile U2U Member Reply With Quote
http://news.bbc.co.uk/sport1/hi/football/teams/m/man_utd/9192771.stm


some of it anyway
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
16th Nov 10 at 08:37   View User's Profile U2U Member Reply With Quote
Money out of the club to pay them off, nice
mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
16th Nov 10 at 09:50   View User's Profile U2U Member Reply With Quote
It is not yet clear how the Glazer family were able to raise the money to pay off the PIK (payment in kind) loans but significantly it is not with funds from the club.
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
16th Nov 10 at 09:54   View User's Profile U2U Member Reply With Quote
That's changed since I read it as was on about taking £70m out of the club.

I'd be very surprised if they have raised the £200m+ without involving the club somehow.
Terry12
Member
Registered: 24th Sep 07
Location: Manchester
User status: Offline
16th Nov 10 at 10:01   View User's Profile U2U Member Reply With Quote
Even if the club is liable for this £220M they're paying off it will still be better rates than the PIKs.
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
16th Nov 10 at 10:02   View User's Profile U2U Member Reply With Quote
I'd be more concerned about them taking cash away from player purchases rather than the rates tbh.
Terry12
Member
Registered: 24th Sep 07
Location: Manchester
User status: Offline
16th Nov 10 at 10:06   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Cosmo
I'd be more concerned about them taking cash away from player purchases rather than the rates tbh.


Rumours are they've taken out lower rate finance to pay the PIKs. Not taken directly from the club funds meaning lower interest rates and less money out of the club in the long run.

[Edited on 16-11-2010 by Terry12]
Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
16th Nov 10 at 10:09   View User's Profile U2U Member Reply With Quote
Does this mean the end of Marc, Nathan, Cosmo Big Fat Gayer thread titles?
mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
16th Nov 10 at 10:18   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Terry12
quote:
Originally posted by Cosmo
I'd be more concerned about them taking cash away from player purchases rather than the rates tbh.


Rumours are they've taken out lower rate finance to pay the PIKs. Not taken directly from the club funds meaning lower interest rates and less money out of the club in the long run.

[Edited on 16-11-2010 by Terry12]


which leaves more money for transfers
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
16th Nov 10 at 10:58   View User's Profile U2U Member Reply With Quote
Well it doesn't really as you're not even covering the interest on the current loans (minus PIK which just rolled up the interest).
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
16th Nov 10 at 10:59   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Marc
Does this mean the end of Marc, Nathan, Cosmo Big Fat Gayer thread titles?


£500m+ debt still so no!
Nath
Member
Registered: 3rd Apr 02
Location: MK
User status: Offline
16th Nov 10 at 11:01   View User's Profile U2U Member Reply With Quote
DOOM AND GLOOM
Ben D
Member
Registered: 25th Apr 05
Location: South West
User status: Offline
16th Nov 10 at 11:04   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Cosmo
I'd be more concerned about them taking cash away from player purchases rather than the rates tbh.


I thought we didn't have any money for player purchases?
mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
16th Nov 10 at 11:05   View User's Profile U2U Member Reply With Quote
Like I have said all along it'll be reet. We won't be doing a Liverpool or worse.
Nath
Member
Registered: 3rd Apr 02
Location: MK
User status: Offline
16th Nov 10 at 11:06   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Ben D
quote:
Originally posted by Cosmo
I'd be more concerned about them taking cash away from player purchases rather than the rates tbh.


I thought we didn't have any money for player purchases?


No silly, Rooney signed a new contract just so United can cash in on him. Derrrrr, keep up Ben.
Ojc
Member
Registered: 14th Nov 00
Location: Reading: Drives : Clio 197
User status: Offline
16th Nov 10 at 11:09   View User's Profile U2U Member Reply With Quote
Man Utd are corrupt, I believe this money has been raised from Somali pirates kidnapping British citizens.
Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
16th Nov 10 at 11:14   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Cosmo
quote:
Originally posted by Marc
Does this mean the end of Marc, Nathan, Cosmo Big Fat Gayer thread titles?


£500m+ debt still so no!

Woop!
mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
16th Nov 10 at 11:37   View User's Profile U2U Member Reply With Quote
http://www.bbc.co.uk/blogs/davidbond/2010/11/loan_repayments_good_news_for.html
Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
16th Nov 10 at 12:03   View User's Profile U2U Member Reply With Quote
Anyone else think this was a bit mis leading!! We still have an overall debt off 500m. 200m is nothing on a debt this size!
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
16th Nov 10 at 12:10   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by mwg
Like I have said all along it'll be reet. We won't be doing a Liverpool or worse.


Doing a Liverpool? Being bought by owners who don't put debt on the club?
mwg
Member
Registered: 19th Feb 04
Location: South Lakes
User status: Offline
16th Nov 10 at 12:20   View User's Profile U2U Member Reply With Quote
Becoming a non top 4 side
Russ
Member
Registered: 14th Mar 04
Location: Armchair
User status: Offline
16th Nov 10 at 12:29   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Cosmo
That's changed since I read it as was on about taking £70m out of the club.
100% said that when i posted it, must've changed
Nath
Member
Registered: 3rd Apr 02
Location: MK
User status: Offline
16th Nov 10 at 12:32   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by mwg
Becoming shit


Don't hold back mate.
Cosmo
Member
Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
16th Nov 10 at 12:40   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Nath
quote:
Originally posted by mwg
Becoming Luton


Don't hold back mate.


Harsh
Nath
Member
Registered: 3rd Apr 02
Location: MK
User status: Offline
16th Nov 10 at 13:07   View User's Profile U2U Member Reply With Quote
Debt free aint so bad tbh.

  <<  1    2  >>
New Topic
New Poll

Corsa Sport » Message Board » Off Day » Sports Day » Man Utd to pay off debt - Nic and Cosmo rejoice 23 database queries in 0.0127821 seconds