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United - Debt Increase!

According to reports surfacing in the media, our wonderful owners, the Glazers, are about to unleash further debt on us.

It`s being reported that an additional 75 million could be heaped on our debt total due to a forthcoming interest rate rise.

It seems that the interest rate on the 220 million loan increases from 14.25% to 16.25% come August prompting a financial source in the city to pipe up,

"The pressure is growing on the Glazers to sort their debts out as soon as they can before they go too high."

"They will have to find this money from somewhere and I imagine it will come from the club."


When did our wonderful game become all about money, somebody please enlighten me?

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The Journalist

Writer: Red Boy Mail feedback, articles or suggestions

Date:Wednesday May 19 2010

Time: 9:00PM

Your Comments

I asked myself the same question when Berbatov left.
DubaiSpur
Oh, and Carrick. And I will ask myself that again if Modric leaves.
DubaiSpur
How does a 2% interest rate rise become 75m? Surely that 75m is just a worse case scenario based on penalties that would occur over the life time of the loan? From what I understand, the interest rate is reviewed yearly and the club made the INTENTIONAL decision to incur a 2% increase THIS YEAR, because it wanted to use more profits than our loan agreements allows, to pay down the debt. Next year, the interest rate will go back down. Essentially this is a non-story designed to make it look as though our debts are spiralling out of control (which I doubt is true, but cant confirm until our latest accounts are issued later this month).
tuscan3000
You have nobody to blame. The greed and the need to purchase players rather than use home grown has got you exactly what you deserve. The whinging when things go wrong is immediately focused on purchasing the best of players no matter what the cost. Ferguson has been guilty of some really massive blunders over the years that would have had all other teams managers heads on the block. But no not you, you heap rewards on him and are so blinkered by his miserable returns. I'm glad, come back into the real world, build on a local base and earn respect not try and buy it.
Only-Sleggin
Not too fussed, even if we did go into uncontrollable debt it will just force the Glazers to sell. Always look to the bright side.
TheFamousNo7
Are you drunk? If United had not purchased a single player in the last 5 years we would be in 700m worth of debt. Even the most anti-united fan could never look at Fergies reign (either recently or overall) and describe his return as miserable. Hell, if fergies return is miserable - who do you consider to have a good return? United have as many home grown players as any top team in the premier league. In fact we were only a left-back and left winger away from being able to put out an all english 11 this seaon (Foster, Neville, Brown, Ferdinand, Hargreaves, Carrick, Scholes, Welbeck and Rooney). If you want a team more local than that, you'll have to go to a park - because professional football in england is not going to satisfy your need to see players who were born within a stones throw of the stadium. Anybody who's respect has not yet been earned never will be. Teams have spent far more than United and achieved a lot less. If you're gonna be WUM at least try and come out with something which doesnt expose you as being retarded.
tuscan3000
Only-Sleggin, though I still retain some slight bitterness against United due to the nature of the Carrick and Berbatov transfers, I think you've stepped way over the mark with your rant. Tuscan3000 has already summarized what I was going to say, anyway. Without any transfers in, United would still be loaded up with 500 million pounds+ worth of debt, if Fergie's return is miserable, then I'm sorry, but there's no manager in the world today whose return is anything above miserable. The last man who could be described as better than Fergie died leading Scotland to the World Cup, Jock Stein. And if you are such a proponent of building a local base, I'd like to know how-many home grown players your team has in its starting eleven. Top-flight football demands that you play the best, regardless of their nationality, and in that respect, United have done rather well with their home-grown quota.Now, I'd be happy to hear a coherent argument from you about why United deserve their debt, but pontless rants against a team you clearly dislike only wastes our time And yours.
DubaiSpur
Only-Sleggin, though I still retain some slight bitterness against United due to the nature of the Carrick and Berbatov transfers, I think you've stepped way over the mark with your rant. Tuscan3000 has already summarized what I was going to say, anyway. Without any transfers in, United would still be loaded up with 500 million pounds+ worth of debt, if Fergie's return is miserable, then I'm sorry, but there's no manager in the world today whose return is anything above miserable. The last man who could be described as better than Fergie died leading Scotland to the World Cup, Jock Stein. And if you are such a proponent of building a local base, I'd like to know how-many home grown players your team has in its starting eleven. Top-flight football demands that you play the best, regardless of their nationality, and in that respect, United have done rather well with their home-grown quota.Now, I'd be happy to hear a coherent argument from you about why United deserve their debt, but pontless rants against a team you clearly dislike only wastes our time And yours.
DubaiSpur
Whoops, double post again. Sorry, fellas.
DubaiSpur
Its fine DubaiSpur posting it twice just makes you more correct! ;)
tuscan3000
:) Just reiterating the point DubaiSpur. Finance is something people are paid ***** loads of money for! For us to try get or heads around it and fully understand its implications is silly and we no one is sure if the Glazer's have the nous to build this brand suitably to take care of it eventually. We have had a slew of large sponsorships after they have come in. Some people will argue without the glazers we could have used that money, who is to say they are not doing their bit in the whole thing? Far as I am concerned, Fergie's still here and we have the core of a good team, unless every united fan pitches in with a couple of year's earnings, no point complaining about the owners. Ignore that ignoramus Only-Sleggin....
elvido
Debt debt debt... poor you!
JT_daniel
"When did our wonderful game become all about money, somebody please enlighten me?" Why not read David Conn's "The Football Business", and you will find out; he points the finger at the big clubs, and most of all at United - citing Louis Edwards underhand campaign to secure enough United shares to run the club, to the foundation of the Prem, which was intended to improve English football, but was hijacked by United, Liverpool and Arsenal to give them the greatest share of the spoils. Odd you didn't know that already? Not been a United supported long then?
JeremyP
The truth is out there, it is facing you and the truth hurts. I take the comment of being retarded quite offensive and really quite typical of the arrogance surrounding the club and its supporters. It is clearly the case that you cannot introduce an argument without someone struggling to grasp the conception. Oh dear better go to the Chelsea site then, at least I will get some constructive comments. "Treason, like beauty, is in the eye of the beholder."
Only-Sleggin
OS, we are arrogant because we have earned it, so it is typical. I am not sure what concepts we are struggling with here. The only issue other fans bring in on this site are the usual tripe about finances which we all know so there's nothing to add to. Talking bull ***** about Fergie's minimal returns is not even a argument, forget being a constructive one. When the like of Benitez have spent that much more over the last few seasons than us, you still accuse of buying and not having British players. Either you're just a jealous blinkered tit or you can't grasp the idea of trophies and titles!
elvido
Feel free to introduce an argument. If you have any valid points, I'd love to debate them with you. However, nothing you said in your previous post constituted an argument as none of it had any basis in reality - it was nothing more than the inane ramblings of a fool. In fact, the most intelligent thing you've posted here has been a quote from the x-files.
tuscan3000
Tuscan, thanks mate, I am finding it harder than you to rationalise to these morons. We are capable of intelligent discussions, unfortunately our visitors can't seem to make one!
elvido
 

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