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Lyric Proof Vest posted:liverpools owners tried to flip it Potential buyers looked at Liverpool and saw that the debt made any purchase a poor financial decision. United isn't there yet, but that debt is growing. If they don't sell in a few years, there'll be too much risk involved to buy it.
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Mar 23, 2011 16:38
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s0meb0dy0 posted:I'm not sure how that makes a difference. There are differences, but you're right in so much as they're not massive either way. H+G were cash poor and couldn't raise any more money to refinance the club on anything close to favourable terms. The Glazer's got their bond issue that bought them another 4 years. However, Liverpool's debt was owed solely to one company, a company that actually acted pretty responsibly when the crunch time hit, the mish-mash of investors that took up United bond won't (and by the nature of the bond issue, can't) do the same. The interesting thing about United finances is the 'missing' chunk of debt, where it got shifted to, where it got refinanced, or who bought it. As it stands we don't know and probably won't know unless things hit the fan. The Glazer's ownership of united is just as much of a cancer on them as H+G was on Liverpool, it's just taking longer due to bite to the relative starting positions and availability of credit/assets to guarantee against. You just can't support that levels of loss year after year while only paying interest on debt. They've either got some master plan to flip it we can't see, or are simply holding on in the hopes of some massive internet streaming/individual TV rights contracts to come about. But both of these are years and years away at minimum. But without the latter anyone buying it will think the same thing - 'these guys are ****ed, we can get this cheaper if we play hard ball or let them fail first'. The summer after next will be the interesting one at United, because they can probably blag their way through this next window without that much investment in players, but they can't stretch that next summer as well - not with the holes that their squad will have by then.
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Mar 23, 2011 19:31
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Allyn posted:Pretty sure the rules only check to see whether the club makes an operating profit, not a net profit. The cost of paying interest isn't calculated as part of operating profit. United have turned an operating profit for the last four years, but only turned a net profit in one of those (when they sold Ronaldo). Which means they'll never even be close to losing a European spot. pretty sure a huge part of the rules is interest from takeovers will be counted. I think stadium debt won't be though
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Mar 23, 2011 22:57
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Podcast with some uefa dude who made up the fair play rules or some poo poo http://www.beyondthepitch.net/podcasts/edition/index.cfm/beyond-the-pitch/2011/03/20/uefa-financial-play/
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Mar 24, 2011 02:28
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Can anyone who's familiar explain what's going on with the La Liga money and why games are being postponed?
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Mar 24, 2011 07:48
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Once per matchday one game is free to watch on Spanish TV. The clubs want all of their games on PPV (and thereby demand more money from the TV stations; €800m instead of €620m) and threaten the government with strike (not strictly a strike as it's the clubs that want it, not the players or staff). To show that they mean it, the upcoming matchday has been postponed by a week. Seven clubs of La Liga (Villarreal, Sevilla, Athletic Bilbao, Real Sociedad San Sebastián, Espanyol Barcelona, Real Saragossa and Málaga) were against it though. It is expected that the government doesn't buckle under the 'pressure', losing the one free game a week might be a deciding factor in the next elections.
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Mar 24, 2011 12:17
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Nice to see a couple of the bigger clubs making a stand as well. Not that they make much anyway due to the poo poo deal all of Spains clubs get
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Mar 24, 2011 12:19
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How is the free game decided? Is it a case of every team has 2 home games free to air per season or are they selected somehow?
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Mar 24, 2011 12:34
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It's usually the last game on Saturday at 10pm.
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Mar 24, 2011 12:45
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Healbot posted:Once per matchday one game is free to watch on Spanish TV. The clubs want all of their games on PPV (and thereby demand more money from the TV stations; €800m instead of €620m) and threaten the government with strike (not strictly a strike as it's the clubs that want it, not the players or staff). Isn't it kinda of shortsighted to have all the games on pay-per-view? What about recruiting new fans etc
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Mar 24, 2011 14:18
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hhhmmm posted:Isn't it kinda of shortsighted to have all the games on pay-per-view? What about recruiting new fans etc Who cares about fans when you only perceive moving money-pouches (it'd be a PR-disaster if it wasn't so pathetic)?
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Mar 24, 2011 14:48
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hhhmmm posted:Isn't it kinda of shortsighted to have all the games on pay-per-view? What about recruiting new fans etc I assume by pay-per-view he means subscription channels like the way the Premier League is on Sky/ESPN rather than a pay by the game set-up?
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Mar 24, 2011 16:21
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Mickolution posted:I assume by pay-per-view he means subscription channels like the way the Premier League is on Sky/ESPN rather than a pay by the game set-up? I am not so sure. I remember hearing a few years ago that all spanish games were televised there but they were all but one on a pay per view basis. I would assume that it's still the same.
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Mar 24, 2011 21:04
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Wow, didn't know that.
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Mar 24, 2011 21:32
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GutBomb posted:I am not so sure. I remember hearing a few years ago that all spanish games were televised there but they were all but one on a pay per view basis. I would assume that it's still the same.
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Mar 24, 2011 21:41
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Big Black Sock posted:Any idea on how much the games cost? Depending on the price this sounds like either the best or worst case scenario for a fan. Some very old info (2001) I found on the web says that back then all games were pay per view, save for one on broadcast TV, and all games were about €5 except Real Madrid or Barcelona games which were €10.
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Mar 25, 2011 16:07
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cheaper than some of the lovely packages americans have to pay for to see eggball out of market (directv) or even cable sports plans
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Mar 25, 2011 18:25
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Johnny Mnemonic posted:cheaper than some of the lovely packages americans have to pay for to see eggball out of market (directv) or even cable sports plans Off topic a little bit but I would gladly pay per game for NFL sunday ticket. It sucks spending $300 per year so I can watch 13 games (broncos are usually nationally televised like, 3 times a year so those 3 are exempt from the package) games per season.
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Mar 25, 2011 19:13
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I see United are suing their own fans now. Brilliant.
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Mar 26, 2011 21:11
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c0burn posted:I see United are suing their own fans now. Brilliant. I wish they wouldn't but any company would do the same if their client list was posted online.
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Mar 26, 2011 21:42
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You're as bad as the deluded bellends on RefCafe. I agree on the company thing though. You removed Football Club from your badge, after all.
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Mar 26, 2011 21:52
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Manchester United P.L.C never forget
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Mar 26, 2011 22:00
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c0burn posted:You're as bad as the deluded bellends on RefCafe. What did I say that was objectionable? I wish they wouldn't do it but every major club would do the same thing to protect their corporate clients, you're delusional if you think Liverpool wouldn't have done the same thing in the same position. It's hardly the Redskins suing a 72-year old: http://www.rmmag.com/Magazine/PrintTemplate.cfm?AID=4012 delicious beef fucked around with this message at 22:27 on Mar 26, 2011 |
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Mar 26, 2011 22:24
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I mentioned this at the time, but the company I work for had their name on the list. Load of United fans decided it was a great idea to plaster the front of our building with "Love United Hate Glazer" stickers. Removing them ended up damaging our sign as the paint got pulled off. My boss ended up kicking off with United over the data leak, and we put a sign in the window saying that we supported the campaign and had reduced the amount of tickets we bought.
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Mar 26, 2011 22:27
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Johnny Mnemonic posted:cheaper than some of the lovely packages americans have to pay for to see eggball out of market (directv) or even cable sports plans It is literally "make a stupid generalized comment about American sports" day, is it? Huge difference between there being 4-6 games a week (approximately 25 to 40% of all competitions) being on free television (no annual license required either) and every single game being PPV.
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Mar 27, 2011 18:12
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Taff posted:My boss ended up kicking off with United over the data leak, and we put a sign in the window saying that we supported the campaign and had reduced the amount of tickets we bought. lol that's nearly as bad as all the fans you see wearing this years shirt with green and gold scarves
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Mar 27, 2011 18:37
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GLazers! sell up NOW or i'll buy less tickets. not no tickets. but less tickets. how do yyou like that M$lc$m?
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Mar 27, 2011 19:07
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Iggy Pop Barker posted:GLazers! sell up NOW or i'll buy less tickets. not no tickets. but less tickets. how do yyou like that M$lc$m? Pretty sure Malcom's dead, he hasn't been seen for like 5 years.
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Mar 27, 2011 19:46
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c0burn posted:Pretty sure Malcom's dead, he hasn't been seen for like 5 years. Neither has Kim Jong-il. Co-incidence?
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Mar 27, 2011 20:15
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Bhyo posted:Neither has Kim Jong-il. Co-incidence? Really makes you think
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Mar 27, 2011 20:18
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Just FYI: German second division football club TSV 1860 Munich is in desperate need of almost 9 million Euros until Friday or they'll face bankrupcy and relegation to the fourth (!!!) league. On the weekend there was a huge demo in Munich with around 100.000 participants. That was the one against nuclear power. A total of 150 fans of 1860 meanwhile stood on Munichs Marienplatz in dire desparation. The atmosphere supposedly was very aggravated and in the following night the FC Bayern HQ was vandalised with blue paint, being 1860s colour. Why would they attack Bayern now? Because they offered to "The Lions" from insolvency (again) by loaning them the money they need at a 4% interest rate (2% to the bank, 2% to Bayern). 1860 still ows Bayern around ? 2mio in rent for the Allianz Arena. 1860s president Schäfer was called a traitor on several banners while meeting with fans on the weekend because he talked to Bayern about the loan offer. In the end the deal was called off. The fans seem to agree that the death of their club is inevitable and somehow a good thing, a chance to start anew. They will be especially ecstatic about the prospect of not playing in the Allianz Arena anymore, since the contracts are only binding down to the third league. They will most probably play in the Grünwalder Stadion again if they get relegated, together with Bayern Munich II who will most probably get relegated to the fourth league as well (they suck poo poo). So there will be still a derby in Munich  Well let's wait and see what the next five days bring, perhaps they somehow manage to postpone the inevitable again for a few months...
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Mar 28, 2011 11:32
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That's what happens when your (old) management is not only criminally incompetent but also criminal.
Healbot fucked around with this message at 11:43 on Mar 28, 2011 |
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Mar 28, 2011 11:37
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Lyric Proof Vest posted:lol that's nearly as bad as all the fans you see wearing this years shirt with green and gold scarves Well it was a difficult one, as we were using them to take corporate clients to matches. The amount of seats we had taken had been reduced already, and we wont be renewing them at the end of this season. It just seems silly that the fans decided the best idea for the data leak was to vandalise properties .
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Mar 28, 2011 11:45
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Is the sign ok though? It must have been a waking nightmare seeing stickers on things.
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Mar 28, 2011 12:00
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BunnyX posted:Is the sign ok though? It must have been a waking nightmare seeing stickers on things. The stickers pulled paint off it and we had to have it touched up. All is well now.
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Mar 28, 2011 13:03
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Taff posted:The stickers pulled paint off it and we had to have it touched up. All is well now. I hope the people who did this are prosecuted to the full extent of the law. No excuses for stuff like this in football imo. Loving Africa Chaps fucked around with this message at 13:38 on Mar 28, 2011 |
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Mar 28, 2011 13:19
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My dad almost died trying to get some stickers off a sign once so this is a subject very close to my heart. Do you have photos of the damage?
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Mar 28, 2011 13:32
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Lyric Proof Vest posted:I hope the people who did this are prosecuted to the full extent of the law. No excuses for stuff like this in football imo. The real horrors of the Glazer regime.
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Mar 28, 2011 14:09
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BunnyX posted:My dad almost died trying to get some stickers off a sign once so this is a subject very close to my heart. Do you have photos of the damage? Good news, I do indeed. Heres a small portion of the horrors that awaited me when I came to work that day 
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Mar 28, 2011 15:01
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Taff posted:Good news, I do indeed. Heres a small portion of the horrors that awaited me when I came to work that day dear god....
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Mar 28, 2011 15:04
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