UK time is: 02:29:03
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

United - Whose Laughing Now?

They say he who laughs last laughs longest!

I bet those Chelsea fans who didn`t see the funny side of our guffawing when we took great delight in the London club losing millions and millions every year have a smile on their faces now.

The shocking revelation that Manchester United revealed losses of 84 million has certainly spawned a few column inches this morning with many along the lines of how can a great institution, like United, can register such a loss.

It appears though that United are now caught between the devil and the deep blue sea. Our revenue streams are being drained by the loans that need servicing courtesy of the Glazer family.

Indeed the media have pointed out that the loss is directly attributed to these loans with interest debts alone accounting for 40 million and another 65 million going on re-arranging loans.

Both are mind-boggling amounts and amounts that could quite easily have been used to bolster the team, instead we`re left to ponder where it will all end.

Whilst Manchester City and Chelsea are no doubt troubled by their losses at least they can relax safe in the comfort that their respective owners have the funds to cover them and didn`t have to borrow grotesque sums to get their hands on their two football clubs.

Astonishing, sad and worrying times I fear!

Join The Vital Debate

Vital Man United on: facebook

Vital Man United on: twitter




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



Click here to join in the debate on the club forum.

The Journalist

Writer: Red Boy Mail feedback, articles or suggestions

Date:Saturday October 9 2010

Time: 2:54PM

Your Comments

Being honest i'd rather take a serious drop down the table and force the Glazers to sell and get some proper owners who can afford to run the club and invest money (liverpool-esque style) than keep on skimming it up top watching the glazers take the profits and let the debts build and have an uncertainty about whether we will collapse the next season.
TheFamousNo7
Yid in peace, Seems like the Glazers are very similar to Hicks and Gillet, only slightly smarter! They've increased the revenues at United to a point where they seem safely able to repay the debts and interest (sadly therefore reataining ownership of the club). The downside being, it seems there's a period of "austerity" (as our new PM's would call it) ahead for United. While you'll still be much wealthier than 80-90% of the league, hard to buy top European and World class talent for a little while (or certainly not in big numbers). There's a good breakdown of it all on BBC website. http://www.bbc.co.uk/blogs/davidbond/2010/10/crunching_the_numbers_at_old_t.html
The Horses Mouth
Thefamousno7, I'd agree, I think the real danger is that by 2017, the Glazers could be debt-free ownes of the club, and therefore able to fleece the club for many years to come, a short, sharp fall from grace, and United could rebuild itself with a new owner in charge!
The Horses Mouth
2017 - feck me that's a long way off but you're right, I'm laughing now!
merlin
well atleast if we cant cover the loans and glazers are forced to sell i cant see there being lack of interested buyers
Reddevils4ever89
the Glaziers are not dumb - each year they are at least now reducing the debt - as long as ManU don't implode on the pitch (unlikely) then they know they will end up owning one of the best cash-cow businesses money can't buy....and that's a hell of a pension income they're have! Sorry Guys but I think you're stuck with them for a very long time to come...
spursex
I thought you might be! But don't panic, I'm sure we'll surivive!
Red Boy
I thought you might be! But don't panic, I'm sure we'll surivive!
Red Boy
i hava feeling the Glazers WILL be owners for a long time yet.... a 1,1 BILLION Price tag, (if the papers are to be believed) is an unrealistic sum.... even for a OIL Sheikh....... and cant see the Banks lending some multi millionaire 'consortium' the money, even the so called RED knights....
cityman51
Worrying times for your club, similar to ours. Merlin can laugh all he wants, i wouldn't be if my clubs very existence was in the hands of one man. No Roman = No Chelsea. Now wouldn't that be amusing?
KB1
Very amusing KB1.
TheFamousNo7
very true...roman will want to leave at some point and will want his money back... and i wonder who will step up
alexpant
 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Manchester United Articles

Phelan Makes a Return to Carrow Road (Thursday November 20 2014)

Will This End Those Rumours? (Thursday November 20 2014)

Who Is Telling the Real Story? (Thursday November 20 2014)

That Rooney Celebration! (Thursday November 20 2014)

The Return of Nani? (Thursday November 20 2014)

Rooney Gets His Wish (Wednesday November 19 2014)

De Gea Might Be Fit for Arsenal (Wednesday November 19 2014)

Surely Not another Striker? (Wednesday November 19 2014)

Not another Injury? (Wednesday November 19 2014)

Archived Manchester United Articles

List All Vital United Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. TheFamousNo7 53
2. Kanchelskis 48
3. MotorMad 20
4. Red Boy 1

League Results (view all)

Latest Results
Man Utd 1 - 0 Crystal Palace
Man City 1 - 0 Man Utd
Man Utd 1 - 1 Chelsea
WBA 2 - 2 Man Utd
Man Utd 2 - 1 Everton
Man Utd 2 - 1 West Ham

League Table (view table)

Team P W D L GD Pts
4. West Ham 11 5 3 3 5 18
5. Swansea 11 5 3 3 4 18
6. Arsenal 11 4 5 2 6 17
7. Man Utd 11 4 4 3 3 16
8. Newcastle 11 4 4 3 -2 16
9. Stoke 11 4 3 4 -1 15
10. Everton 11 3 5 3 2 14

Breaking League News

Our Number One
Chelsea : 20/11/2014 18:53:00
Tell Us About Yourself - Kolagold25
Chelsea : 20/11/2014 18:47:00
Irvine - We Can Pull Off A Shock
WBA : 20/11/2014 18:25:00
Injury Boosts For Pearson
Leicester City : 20/11/2014 18:16:00
Villa Support 21st Minute Initiative
Aston Villa : 20/11/2014 17:59:00

Current Site Poll (view all polls)

Arsenal v Manchester United?
Suggested By:  Red Boy
Home win! 0%
Away Win! 100%
Score Draw! 0%
0-0! 0%