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Old 07 June 2010, 08:53 AM
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urban
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Default United's debt

As many have already suspect the Glazers have not been telling the whole truth

http://news.bbc.co.uk/1/hi/uk/10237268.stm
Old 07 June 2010, 10:54 AM
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ashdey
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great news, but hardly new.
Old 07 June 2010, 12:05 PM
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Oh what a shame.................NOT

The sooner either the Premiership, or Blatter, gets on top of this cheating debt culture, the better.
Old 07 June 2010, 12:09 PM
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We'll the it was on the BBC news this morning and they're showing the Panorama programme on Tuesday night(8th)
Old 07 June 2010, 12:40 PM
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FlightMan
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Football is going to implode. The current business model is not sustainable.
Old 07 June 2010, 10:48 PM
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United's buisness model is very sustainable and profitable.

Anybody that thinks United are even close to any kind of administration/bankruptcy are clutching at straws, and clearly do not understand simple buisness.

The Glazers on the other hand, now that is certainly questionable

Anyway the main point from the protest against the Glazers is the amount of money being taken out of the club instead of being reinvested, although it remains to be seen if as said there is plenty to spend. I don't buy it along with most others.

Old 09 June 2010, 08:25 AM
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Little Miss WRX
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Originally Posted by alcazar
Oh what a shame.................NOT

The sooner either the Premiership, or Blatter, gets on top of this cheating debt culture, the better.
Blatter???? Don't be ridiculous.

LOL get yourself the book "Foul" then read up on how Blatter likes to get on top of cheating......

Football is corrupt from the top to bottom.
Old 09 June 2010, 10:41 AM
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Originally Posted by Little Miss WRX
Blatter???? Don't be ridiculous.

LOL get yourself the book "Foul" then read up on how Blatter likes to get on top of cheating......

Football is corrupt from the top to bottom.

BUT: He doesn't seem to like the English, so is the man most likely to get on top of OUR cheats. Him or Platini, but someone needs to.
Old 09 June 2010, 08:56 PM
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Originally Posted by alcazar
BUT: He doesn't seem to like the English, so is the man most likely to get on top of OUR cheats. Him or Platini, but someone needs to.
Well United, Arsenal and Spurs are ok by one of the rumoured proposals. Not sure who or what you mean by cheating though as nearly all the top clubs throughout europe are in some kind of debt, or expenditure is more than their revenue. Buisness's are run all over the planet with overdrafts and loans etc, how any of the idiots at FIFA or more so at UEFA can do anything about it i don't know.

Aaron
Old 09 June 2010, 09:15 PM
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alcazar
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"Cheating": unable to pay debts, but still allowed to spend stupid sums on transfers.
Going into administration and "losing" all your debts. Yet STILL allowed to do transfers.
Old 09 June 2010, 09:26 PM
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Originally Posted by alcazar
"Cheating": unable to pay debts, but still allowed to spend stupid sums on transfers.
Going into administration and "losing" all your debts. Yet STILL allowed to do transfers.
Not relevent to Utd though


(yet)
Old 09 June 2010, 09:36 PM
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Originally Posted by alcazar
"Cheating": unable to pay debts, but still allowed to spend stupid sums on transfers.
Going into administration and "losing" all your debts. Yet STILL allowed to do transfers.
All for teams entering into european competition though is what FIFA are getting involved in, and it's across almost all of the bigclubs in europe this problem When the PL has negotiated the Tv rights for abroad the PL is going to significantly increase in profit for the 20 clubs.

Plus any club that goes into administration does get punished and while in admistration can not make transfers 'IN'.

Originally Posted by Moley_WRX
Not relevent to Utd though


(yet)
Exactly, you can only spend what you earn from 2012 to participate in European competition.

Aaron
Old 13 June 2010, 06:23 PM
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chocolate_o_brian
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Originally Posted by azz250478

Plus any club that goes into administration does get punished and while in admistration can not make transfers 'IN'.
I think Jeff is referring to the situation not so long back involving Leicester and debt. Sure he will fill in the gaps.
Old 13 June 2010, 07:27 PM
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Originally Posted by chocolate_o_brian
I think Jeff is referring to the situation not so long back involving Leicester and debt. Sure he will fill in the gaps.
If so, then i'm not sure they've ever spent "stupid sums" on transfers
Old 13 June 2010, 09:42 PM
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If you have just cheated your creditors, 1p is a stupid sum. Thousand, more so and millions, just un-believable
Old 13 June 2010, 09:43 PM
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it's a genius business model from the Glazer's point of view

load the club with debt - take cash out - all underpinned by the fans financial commitment
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