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The Glazers' business model is borrow money using the club/ground as collateral then put themselves on the payroll. So they get a fat paycheck and the club has to make huge interest payments.
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Dec 31, 2009 18:31
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Fat Turkey posted:I'm surprised there's not more discussion about this. We already knew, the Glazers have taken out retardedly stupid loan deals to finance the buy out, and now the club have to pay huge interest on them. As soon as they get these PIKs covered with lower interest loans they will be fine. I don't think selling Ronaldo has much to do with turning a profit, it's a drop in the ocean as far as the debt is concerned and even if we hadn't sold him we would have lost less money than Chelsea, it was just too good a price to turn down.
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Jan 11, 2010 22:16
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Fat Turkey posted:I might be wrong but from reading this paragraph, I get the idea that you think the idea of the club having debt is bad. This is not true. The debt a football club can have needn't be any worse than the debt you enter when you buy a mortgage. They don't NEED to sell off capital assets to pay off the debt ASAP in a perfect world, because the business is financed to gradually pay off or at the very least maintain the level of debt+interest. The problem stems from the fact that Man Utd can have a fantastic seaosn and still be £33m in the shitter. That was pretty much my point, saying that we had to sell Ronaldo to cover debt is dumb, 'cos it doesn't even come close. Getting a mortgage to buy a house is not bad debt, as long as you can afford the payments, we can't right now, that's why they are trying to cover these high interest PIKs, which will escalate from $100m to $500m with lower interest loans.
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Jan 12, 2010 22:37
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TyChan posted:I don't think it's just United fans who need to be reminded of this. Your point is exactly what I was trying to drill into brapbrapbrap's head in the EPL thread earlier this week. I don't think it stuck. That's because he's a myopic united hating moron.
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Jan 20, 2010 20:33
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brapbrapbrap posted:What I'm saying is that it's very easy for Man Utd fans to say they want their club to be relegated to get back to grass roots, owned by the fans etc (and this is not the first time I've heard this view expressed), as they can posture and pretend to be REAL FANS when in reality they're comfortable in the knowledge that it'll almost certainly never happen. Yes, the obvious solution to the problem of having greedy owners who are bankrupting the club whilst lining their own pcokets is to support another club. Genius.
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Jan 22, 2010 09:08
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Yes, encouraging clubs to be fiscally responsible insead of spunking money like a lottery winning chav indicates a a clear anti city bias. I mean they're the only club to spend a ridiculous amount of money on players recently, right?
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Jan 22, 2010 17:12
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Transatlantic Gulp posted:It's more that they're banging on about trying to secure the long-term stability of clubs while the regulations would do more damage to City when it's pretty clear that our long term stability is probably looking better than yours at this moment in time. They're not saying you can't invest in the club, just that, if you do, you have to return a profit on it.
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Jan 22, 2010 17:37
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Lyric Proof Vest posted:especially as Arsenal had an amazing team to play with while the academy started up Arsene's method of becoming a top four team. First start with a top two team and sell your best players.
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Jan 28, 2010 04:01
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Transatlantic Gulp posted:Vladimir Weiss is off at Rangers to get experience Yeah he's getting experience of the bench.
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Sep 20, 2010 04:45
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why isn't MOTD available on iplayer or is it now, and if so, how can I watch it from the US?
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Oct 26, 2010 20:36
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If David Luiz is on 40k he must have a worse agent (or the same?) as van der Vaart And lol 60k for Sturridge to literally not play
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Jun 21, 2011 17:49
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w00bi posted:I think I remember Sturridge saying he came to Chelsea to win stuff. And he already has two medals so he probably thinks he made the right choice. what did Bolton win?
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Jun 21, 2011 18:01
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Iggy Pop Barker posted:also, 13 minutes in each season so £13k a minute, surprised more teams weren't jumping on that
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Jun 21, 2011 18:18
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Ninpo posted:loving hell. clever that, imo
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Aug 23, 2011 02:07
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