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Depends whether they can hang on and go into administration or whether the winding-up order succeeds I believe. Haven't posted about City here yet because I don't have details about our most recent finances but I'll make an effort post when I find it.
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Dec 31, 2009 16:17
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Lyric Proof Vest posted:please do, i still don't understand exactly how your owners are funding you and how it differs to chelsea's situation. Now Abramovic has supposedly written-off his interest free loans, not a lot - although of course we have bigger pockets. We are also buying up nearby land to COMS as well (the long-term plan is to have the youth team and main team training grounds in the same place hopefully on the far side of little COMS (a small stadium to the side of COMS used for reserve games)) and this land is being moved into a holding company at the moment - but as I said, I'll effort post once I find our financial breakdown - there was a huge Deloitte breakdown of finances of all the Premier League clubs but I can't find it anywhere at the moment.
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Dec 31, 2009 16:22
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Lyric Proof Vest posted:Glazers trying to sort out the debt. Interest payments were £69 million last year, insane. I'm trying to work out how much money Leeds have just cost them denying them a cup run, multiple millions certainly.
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Jan 3, 2010 16:28
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Vando posted:The best bit is that it seems absolutely noone from the society knew about this until trying to get out of the contract as it's bankrupting the club. You are all Mike Ashley. Robert Peston has a few words on United's debt.
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Jan 5, 2010 17:26
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Randy Lerner is doing ok.
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Jan 6, 2010 12:33
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Wiping out losses will take an unknown amount of time, getting into the Champions League and a bunch of top-4 finishes in the league will help a ton though. I don't believe Platini's threats are anything to worry about.
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Jan 7, 2010 12:19
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Scikar posted:It's not "something", we know exactly what it is - the club is paying for its own takeover by greedy American cunts. The big problem is finding a way out - the Glazers bought United believing they could later sell it on for a profit. The only way they will be gotten rid of is either an oil baron buying the club with his own cash (not really something that I think we should have more of in the EPL and certainly not an objective any club should be hoping for to balance the books), or the Glazers default on the loans and we become owned by a consortium of banks and investors who all want their money back (bye bye squad!). I've said it before, I don't want United to do a Leeds because no derbies would suck. The best thing might be actually to get shot of your owners soon, take the administration and restructure, because the loss of 10 points isn't going to mean poo poo to United for a season. Also your posts on United are fantastic by the way 
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Jan 11, 2010 22:00
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Lyric Proof Vest posted:Went poking around to have a look at how much the Fa cup and The champions league are worth to clubs financially. Especially given United's figures which are absolutely terrifying for any fan of theirs. United can sell out pretty much any game and ITV are guaranteed to show the cunts, I imagine the losses of getting Leeds'd are pretty huge - you get a lot of money for TV rights.
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Jan 12, 2010 12:12
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Spurs are a good bet, Newcastle are too actually. No money man in their right mind will go near United as it stands.
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Jan 12, 2010 15:25
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Dudley posted:Or to put it another way, Man City fans really didn't celebrate Liverpool's exit from the competition nearly enough. They will take the Europa league less seriously and it's good to have one of our rivals getting tied up in games, so I was actually fairly disappointed they got knocked out. It doesn't matter how much money Liverpool make from the Champions League - it's the league we are currently fighting them in.
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Jan 12, 2010 20:06
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If they'd won it and we had got 4th, well the odds on that would be ridiculous because there was no way Liverpool were going to win it this year but that's one of those "welp, it happens" situations, we'd have been setting out the stall for next year anyway.
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Jan 12, 2010 20:08
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Stim posted:http://www.guardian.co.uk/football/2010/jan/13/glazers-manchester-united-training-ground It's right next door to City. We could have a youth ground and bail out our neighbours perhaps.
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Jan 13, 2010 11:20
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Hey Onouha is class 
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Jan 15, 2010 11:04
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Vando posted:Duncan Bannatyne ensures no trophies are won by anyone for five years straight. You may have the largest attendance in the league, but frankly your Chicken Balti pies are rubbish - and for that reason I'm out.
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Jan 19, 2010 15:59
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1.8m a year to David Gill loving hell
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Jan 20, 2010 16:58
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Well here it is - firm details of the anti-Manchester City rules. Discouraging, United will probably not be affected, but this is a big problem for us if we want to play in Europe.
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Jan 22, 2010 12:25
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I'm not sure that supporting United's debt structure really means that it's a good set of rules. I mean they are fine with the current rules as they are turning a profit despite their crippling debt. I'm sure City will find a way around the rules, but it's a set of rules clearly targetted at City and to a lesser extent Chelsea rather than rules to really shore up the game.
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Jan 22, 2010 12:49
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Manchester United raise £504m in bond issue Well this might stave off the fateful day for a short while.
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Jan 22, 2010 19:58
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Starbucks posted:Gaddafi hated Thatcher, enemy of enemy etc...seems fit and proper to me. That's convinced me.
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Jan 26, 2010 11:05
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If we need to bail them out to avoid Liverpool gaining ground on us we can just pay them to take Benjani off our hands.
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Jan 29, 2010 11:25
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Jose posted:While there is a lot wrong with modern football Portsmouth really can't blame it all on that. They spent obscene money they didn't have, were dodgy as gently caress constantly and generally retarded to levels that are unfathomable. And they employed Harry Redknapp.
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Feb 10, 2010 10:21
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FullLeatherJacket posted:IIRC half of the money coming in goes toward prizes, and the other half is split equally. This is about right but some filters down and others bits are used for the parachute payments to the relegated (over 3 years).
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Feb 11, 2010 16:31
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I think the payment is likely to take place, as has been pointed out the knock on effect for the other teams if one goes under is pretty severe - plus the nagging thought in clubs like Liverpool's minds that they might be next.
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Feb 12, 2010 20:22
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4 million is a hideous amount of debt for a League 2 club, they are hosed.
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Feb 18, 2010 16:47
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Biggy_ posted:What cunts Kasper and Sol Campbell are Yes cunts to accept a high salary offered to them...
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Feb 18, 2010 17:14
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Biggy_ posted:Dropping 3 divisions for a payday is pretty cuntish, especially when you're only 23. He was probably on something not much less at City. And yes, he's a bit poo poo.
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Feb 18, 2010 17:23
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Byolante posted:Man City want 4th. They are floating there levelish with liverpool. Liverpool goes up by 6 points if pompey folds. I can see them paying 20m a piece for those 3. We won't. It's 'when' not 'if' that we make the top 4, our owners aren't fools and we can afford to wait a season or two - sorry Pompey.
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Feb 18, 2010 20:37
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Pompey would have fallen foul of a properly enforced law, the arms-dealing dad and all that.
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Feb 19, 2010 13:21
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Mickolution posted:Yeah, I know that and that's how Bosman came about. That's why I say, if there was anything in it, it would have happened back then/by now. There's no interest from either party. Clubs would have players walking out all the time and players get a cut of the huge fees so they aren't going to change their approach either.
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Feb 19, 2010 22:01
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Jose posted:Well I'm probably misremembering/misreading because it seems odd, especially a 20 point deduction. You get a deduction the next season rather than this with a certain amount of time remaining, I think it's end of March and afterwards. As Jakiri says, I think there is something where you get two penalties if you try to take administration knowing you are hosed anyway but I have no idea how that is measured. The other clubs should stop dragging us down debt-wise 
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Feb 24, 2010 11:28
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Bovine Delight posted:20 point deduction in the Championship, everyone gunning for Pompey scalp and what remains of the team is going to be sold off. Loans will all end. Wonder if Pompey will pull a Leeds? Seem likely. They can't really 'do a Leeds' because that implies they are a big club like Leeds were/are. Pompey overspent massively and paid the price for it, that's all.
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Feb 25, 2010 18:37
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Brilliant post, thanks Iggy Pop Barker.
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Mar 1, 2010 19:10
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Lyric Proof Vest posted:when five live talked to pompey fans, only half put their hand up when they asked if they would trade the fa cup for not being in a mess. No matter what people say, in the end they are going to walk through the turnstile and want their team to be doing well. I'm not sure that increasing United's debt by cutting their ticket income is a great way to be able to afford buying the club. Also the Glazers are already making money, the accounts show they are skimming loads off the top.
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Mar 1, 2010 23:05
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Luigi Thirty posted:Doesn't stop American sports teams from being successful. It's a closed market, there is no competition from outside the country. In football, footballers just gently caress off to Spain.
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Mar 4, 2010 14:45
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I support my club, I don't support the club's owners. I didn't support the owners even when it was Wardle and the rest of the old regime who were really pretty harmless. I don't like Thaksin and I'm not a huge fan of the Sheikh. However I am a fan of Manchester City.
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Mar 4, 2010 21:40
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Flayer posted:People in London are richer than northerners so it makes sense that tickets cost a bit extra. The average yearly income in London is around 30k while if you are from Wigan or something you'll be lucky to earn enough to pay tax. But people in London are the ones who go to United games, so the price comparison is totally fair.
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Mar 5, 2010 16:51
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FullLeatherJacket posted:Yeah, if you make £30k in London, you're not going to the football. You'll be lucky to be able to go outside. It's grim oop north! GravityDaemon posted:I was listening to the BBC World Service this morning and they had a bit about the Red Knights. They interviewed a couple of "international" fans about what they think of the Glazers, and while they unanimously hated them, they couldn't come up with any better reason to depose them other than "Anything is better than them!". No doubt they cherry-picked some idiots, not that that is particularly hard as most football fans are idiots.
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Mar 5, 2010 17:22
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Adnar posted:When I went to Sunderland with Everton, it was hilarious how everyone kept going on about how grim it was and why would anyone want to live in this poo poo hole. Apart from it coming from the mouth of some pretty poor looking scouses, we hadn't actually been anywhere apart from the motor way and the stadium. Love an indoctrinated stereotype It's a tiered system, at least Manchester/Liverpool have some culture etc, Birmingham is wasteland and don't even mention the north-east. Basically every area of Britain hates every other area, generally for poo poo reasons.
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Mar 5, 2010 17:46
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Incitatus posted:Look at Lord Fontelroy taking the Tube and cabs. Nothing wrong with your 24 hour busses in London. Just because you can't expense your transport
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Mar 7, 2010 14:08
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The only good thing I have to say about Bolton is that they saw the error of their ways fairly quickly and sacked the ginger man.
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Mar 10, 2010 13:22
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