While I still feel like it ...
in [Liverpool]
|
From: Red Rackham on 22 Apr 2010 14:57 "JAB" <nochance(a)nohope.com> wrote in message news:RV0An.30542$TL1.6656(a)newsfe06.ams2... > On 22/04/2010 8:33 AM, Diablos Rojos wrote: > >> The debt only becomes a worry when it is above the value of the club, but >> yet again that stock has risen. Forbes only yesterday announcing that >> MUFC >> is the most valuable sports club on the planet with a worth in excess of >> $1.8billion dollars, so it looks like the Red Knights might need to >> cough >> up at least �1.2billion to get their hands on the club. >> > > Well I think the dotcom boom showed that isn't overly true! You cannot compare a dotcom company, often with no tangible value at all, with a football club that has again been declared the most valuable sports franchise in the world at �1.2billion. The more > important aspect is do Man U have the cash flow to pay off the debt while > at the same time keep the club running ... to which the answer is yes at > the moment. The worst case scenario is having to sell players to balance > the books leading to a downward spiral in popularity and therefore income > to service such a large debt. Which is why players won't be sold to service the debt. Will it happen ... > probably not. I expect Man U to be sold in the next five years or so and > the Glazers to go away with a large smile on their faces. More worrying is the prospect of Roman leaving after deciding half a billion quid for 2 premierships isn't good value.
From: JAB on 22 Apr 2010 16:29 On 22/04/2010 7:57 PM, Red Rackham wrote: > "JAB"<nochance(a)nohope.com> wrote in message > news:RV0An.30542$TL1.6656(a)newsfe06.ams2... >> On 22/04/2010 8:33 AM, Diablos Rojos wrote: >> >>> The debt only becomes a worry when it is above the value of the club, but >>> yet again that stock has risen. Forbes only yesterday announcing that >>> MUFC >>> is the most valuable sports club on the planet with a worth in excess of >>> $1.8billion dollars, so it looks like the Red Knights might need to >>> cough >>> up at least �1.2billion to get their hands on the club. >>> >> >> Well I think the dotcom boom showed that isn't overly true! > > > You cannot compare a dotcom company, often with no tangible value at all, > with a football club that has again been declared the most valuable sports > franchise in the world at �1.2billion. > > > The more >> important aspect is do Man U have the cash flow to pay off the debt while >> at the same time keep the club running ... to which the answer is yes at >> the moment. The worst case scenario is having to sell players to balance >> the books leading to a downward spiral in popularity and therefore income >> to service such a large debt. > > > Which is why players won't be sold to service the debt. > > > Will it happen ... >> probably not. I expect Man U to be sold in the next five years or so and >> the Glazers to go away with a large smile on their faces. > > > More worrying is the prospect of Roman leaving after deciding half a billion > quid for 2 premierships isn't good value. > > <yawns>
From: JAB on 23 Apr 2010 04:29 On 23/04/2010 9:19 AM, Diablos Rojos wrote: > "JAB"<nochance(a)nohope.com> wrote in message > news:AAcAn.35629$xE4.32757(a)newsfe29.ams2... >> On 23/04/2010 9:03 AM, Diablos Rojos wrote: >>>> It's a shame the Liverpool model wasn't followed where the club did have >>>> the debt put on to it! >>>> >>> >>> You've confused me there, was that sarcasm? >>> >> >> It may have been ... I just remember all the gloating about how the >> Liverpool take over was going to be different from the Man U one and they >> weren't going to be saddled with debt etc. not quite how it turned out if >> I remember! On a more serious note the situation at Liverpool does >> indicate why the PL needs to think hard about who can buy clubs and how >> they are run. It could still go horrible wrong for Liverpool ... >> > > What a shame that would be. > > Well the current owners have put the club up for sale... I'm thinking the > �800 million asking price is a bit o the steep side though. > > .... and that's the point I was making about some of the evaluations we see of clubs. �800 million for a club that needs a new ground and some serious investment in the team to enable it to compete for the title. Not exactly the sort of price I would of had in mind ...
From: Diablos Rojos on 23 Apr 2010 04:33 "JAB" <nochance(a)nohope.com> wrote in message news:HTcAn.35630$xE4.26611(a)newsfe29.ams2... > On 23/04/2010 9:19 AM, Diablos Rojos wrote: >> "JAB"<nochance(a)nohope.com> wrote in message >> news:AAcAn.35629$xE4.32757(a)newsfe29.ams2... >>> On 23/04/2010 9:03 AM, Diablos Rojos wrote: >>>>> It's a shame the Liverpool model wasn't followed where the club did >>>>> have >>>>> the debt put on to it! >>>>> >>>> >>>> You've confused me there, was that sarcasm? >>>> >>> >>> It may have been ... I just remember all the gloating about how the >>> Liverpool take over was going to be different from the Man U one and >>> they >>> weren't going to be saddled with debt etc. not quite how it turned out >>> if >>> I remember! On a more serious note the situation at Liverpool does >>> indicate why the PL needs to think hard about who can buy clubs and how >>> they are run. It could still go horrible wrong for Liverpool ... >>> >> >> What a shame that would be. >> >> Well the current owners have put the club up for sale... I'm thinking the >> �800 million asking price is a bit o the steep side though. >> >> > > ... and that's the point I was making about some of the evaluations we see > of clubs. �800 million for a club that needs a new ground and some serious > investment in the team to enable it to compete for the title. Not exactly > the sort of price I would of had in mind ... You're forgetting something else very important too.... �800million for a club that is not even in the money spinning Champions League next year and not even guaranteed entry into the other cup whatever they call it now.
From: JAB on 23 Apr 2010 04:40
On 23/04/2010 9:33 AM, Diablos Rojos wrote: > "JAB"<nochance(a)nohope.com> wrote in message > news:HTcAn.35630$xE4.26611(a)newsfe29.ams2... >> On 23/04/2010 9:19 AM, Diablos Rojos wrote: >>> "JAB"<nochance(a)nohope.com> wrote in message >>> news:AAcAn.35629$xE4.32757(a)newsfe29.ams2... >>>> On 23/04/2010 9:03 AM, Diablos Rojos wrote: >>>>>> It's a shame the Liverpool model wasn't followed where the club did >>>>>> have >>>>>> the debt put on to it! >>>>>> >>>>> >>>>> You've confused me there, was that sarcasm? >>>>> >>>> >>>> It may have been ... I just remember all the gloating about how the >>>> Liverpool take over was going to be different from the Man U one and >>>> they >>>> weren't going to be saddled with debt etc. not quite how it turned out >>>> if >>>> I remember! On a more serious note the situation at Liverpool does >>>> indicate why the PL needs to think hard about who can buy clubs and how >>>> they are run. It could still go horrible wrong for Liverpool ... >>>> >>> >>> What a shame that would be. >>> >>> Well the current owners have put the club up for sale... I'm thinking the >>> �800 million asking price is a bit o the steep side though. >>> >>> >> >> ... and that's the point I was making about some of the evaluations we see >> of clubs. �800 million for a club that needs a new ground and some serious >> investment in the team to enable it to compete for the title. Not exactly >> the sort of price I would of had in mind ... > > You're forgetting something else very important too.... �800million for a > club that is not even in the money spinning Champions League next year and > not even guaranteed entry into the other cup whatever they call it now. > > Does that really make that much difference to the asking price if you assume that you need to invest to challenge for the title. What's the CL worth, �20-�30mil? |