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From: Diablos Rojos on 23 Apr 2010 04:03 "JAB" <nochance(a)nohope.com> wrote in message news:zkcAn.35628$xE4.17176(a)newsfe29.ams2... > On 23/04/2010 8:28 AM, Diablos Rojos wrote: >> "JAB"<nochance(a)nohope.com> wrote in message >> news:RV0An.30542$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! >> >> >> Come on.... ridiculous to compare the two. >> > > Why is it ridiculous? EPL clubs aren't exactly know for being money making > machines so why such high evaluations. Manchester United were though, the dotcom boom was people buying into an idea there was no actual physical property. > Maybe the expectation that if they back the right club it will be the one > that gets the jackpot of individual TV rights etc.? > > Who knows if football and in particular English football will be as > popular as it currently is. Would you have predicted what's happened to > the Italian league. > Theres still plenty of money in the Italian league, corruption was rife though and all the top teams were heavily punished for rigging matches and underhand deals they still haven't fully recovered obviously. It's a lot easier to get away with that level of corruption in a third world country like Italy. >> >>> 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. Will it happen ... probably not. >> >> Exactly >> >> >> >>> 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. >>> >> >> I've been saying from the beginning of their takeover when the scare >> mongering was in full flow about them stripping the club, selling assets >> etc >> that they weren't interested in that and the way they were going to make >> money was to keep the club successful and hold onto it for a number of >> years >> and sell on at a ridiculous price. They could do that now and walk away >> with a �500,000,000.00 profit.... not bad going eh? the fuckers! >> > > They may not be selling assets as such but they are certainly taking money > out in a somewhat dubious manner. They are but it's their club at the end of the day, we've still been buying players, we've still been winning trophies. I suppose like I've said earlier this close season will be the tester... whether big money is available for fergie to spend or not. > 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?
From: JAB on 23 Apr 2010 04:08 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 ...
From: Diablos Rojos on 23 Apr 2010 04:19 "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.
From: Red Rackham on 25 Apr 2010 05:37 "JAB" <nochance(a)nohope.com> wrote in message news:dl2An.35847$c71.1922(a)newsfe24.ams2... > On 22/04/2010 7:57 PM, Red Rackham wrote: >> "JAB"<nochance(a)nohope.com> wrote in message >> news:RV0An.30542$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 >>>> $1.8billion dollars, so it looks like the Red Knights might need to >>>> cough >>>> up at least �1.2billion to get their hands on the club. >>>> >>> >>> Well I think the dotcom boom showed that isn't overly true! >> >> >> You cannot compare a dotcom company, often with no tangible value at all, >> with a football club that has again been declared the most valuable >> sports >> franchise in the world at �1.2billion. >> >> >> The more >>> important aspect is do Man U have the cash flow to pay off the debt >>> while >>> at the same time keep the club running ... to which the answer is yes at >>> the moment. The worst case scenario is having to sell players to balance >>> the books leading to a downward spiral in popularity and therefore >>> income >>> to service such a large debt. >> >> >> Which is why players won't be sold to service the debt. >> >> >> Will it happen ... >>> probably not. I expect Man U to be sold in the next five years or so and >>> the Glazers to go away with a large smile on their faces. >> >> >> More worrying is the prospect of Roman leaving after deciding half a >> billion >> quid for 2 premierships isn't good value. >> >> > > <yawns> Damn, and your post was so interesting.
From: JAB on 25 Apr 2010 09:07
On 25/04/2010 10:37 AM, Red Rackham wrote: > "JAB"<nochance(a)nohope.com> wrote in message > news:dl2An.35847$c71.1922(a)newsfe24.ams2... >> 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> > > > Damn, and your post was so interesting. > > Interesting enough for you to reply to it I see Le Dieu ... funny that. |