FlightMan

http://www.newsoftheworld.co.uk/sport/260841/GLAZERS-FACING-MELTDOWN-OVER-UNITED-DEBT-Old-Trafford-owners-must-re-finance-to-meet-massive-demands.html

STi wanna Subaru

iTrader: (1)

It's not an ideal situation to be in in the current climate I'd imagine. I however wouldn't be taking the NOTW as a reputable info source.

In terms of big clubs and debt situations Liverpool are the club with the most pressing concerns I believe.

davegtt

The most interesting sentance there is in the last Paragraph

Although I doubt United should be too worried. Not like there wouldnt be a high list of people willing to buy the club out. Safe as houses

FlightMan

Look in the financials, it's there as well.

As for Liverpool having the most pressign concerns, well you'd like to think so , but our debt is but a garden pond compared to the ocean your sinking into.

STi wanna Subaru

iTrader: (1)

You don't think the impending 350mil due to be paid back to the RBS at the end of the season is a concern to Liverpool? Shows how smalltime Liverpool fans are when they're taking pleasure in looking at what could happen to United rather than considering the problems their own club faces.

FlightMan

The Glazers will have to repay £75m in 2013, £150m in 2014, £150m in 2015, £150m in 2016 and a final payment of £600m in 2017.

Maybe they can bung a couple of quid on the price of a prawn sandwich?

Hammer man

iTrader: (25)

thought you meant Sheffield Utd or Newcastle United......

Aaron1978

iTrader: (12)

the key word there is the "Glaziers". Manchester United aren't in debt the Glaziers are, yes £500+m is secured against the club but if the Glaziers can't pay it back there is reportedly 7-8 interested partys waiting to buy, one of which is the arab(not sure what he's called) who competes with the dude thats bought Man City.

When a house gets repo'd it doesn't get knocked down someone else buys it!

I'd be worried if "Manchester United" where losing money

CrisPDuk

Glaziers

Have Pilkingtons bought ManU and I missed it

FlightMan

It was a cut and paste from a website.

ash1

iTrader: (2)

how said this for years, but as they show a profit then the debt is seen as insignificant.

UEFA should look at clubs with this level of debt and do something about it. its unethical.

Aaron1978

iTrader: (12)

Manchester United don't have the debt a seperate company do, the Glazers pay THEIR debts with money THEY make from Man UTD. Man UTD is a profitable club that makes more money than it spends, a lot more.

Funkii Munkii

I think you're wasting your time mate, this thread was never about the facts after all, it was just bait.

I'll take the middle eastern chappie with the oil wells

davegtt

Nar mate, the money United makes is wiped out by the interest payments on the debt

Off course United are safe, as long as someone is willing to pay the price for the club and as long as Glazier will sell at the right price too. He is still in charge of the place and can strip the club of its assets before selling if hes forced to at a reduced cost. Ive seen it happen to many other clubs, albeit smaller than United but in principle its the same. Cash in say £70m for Ronaldo etc before selling the club....

STi wanna Subaru

iTrader: (1)

it's all going off eh...

Gav

I fail to see how any Liverpool fan can comment on debt in football???