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'Manchester' United approaching banks over cash woe

iNSOMANiAC Avatar
6y, 11m agoPosted 6 years, 11 months ago
The Daily Mirror is reporting that 'Manchester' United are desperately approaching banks with colour prospectus to try and refinance their debt which is spiralling towards £1 BILLION pounds.

Lets hope it doesnt all collapse around them

http://www.mirrorfootball.co.uk/opinion/columnists/the-mole/Manchester-United-approaching-banks-over-cash-woe-article254377.html
iNSOMANiAC Avatar
6y, 11m agoPosted 6 years, 11 months ago
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#2
fingers crossed they go tits up and are kicked from the football leagues completely
#3
casparwhite
fingers crossed they go tits up and are kicked from the football leagues completely


2012 is the moment it all collapses, thats when the majority of the debt has to be paid. Plastics seem to think someone will just come along and buy them up but theres not that many people in the world with the kind of cash flow to get them out of the mire theyre currently in.
#4
Why 'Manchester' United and not just Manchester United? :?
#5
Foxy102
Why 'Manchester' United and not just Manchester United? :?


bitterness :thumbsup:
#6
Foxy102
Why 'Manchester' United and not just Manchester United? :?


Its not something I want to go into again, just check a map of manchester
#7
What a load of rollacks
#8
Much as I like the idea of ManUre going bust, I don't really think that the Mirror is the soundest source of financial stories. :roll:
#9
tony_s1
Much as I like the idea of ManUre going bust, I don't really think that the Mirror is the soundest source of financial stories. :roll:


It'll do for me !
#10
casparwhite
fingers crossed they go tits up and are kicked from the football leagues completely


I totally agree their whole empire has been built on finance
buying players from anywhere for all sorts of money is their own mistake
taking football out of reach for the average working man
serves them right
banned#11
The Mole has learned that Manchester United's desperation to land a refinancing deal for debts that are spiralling towards £1billion has prompted them to approach a top accountancy firm.
I hear they are asking them to produce a glossy prospectus aimed at banks and financial institutions who have so far been unwilling to offer the self-proclaimed biggest club in football any business.


2 sentences, hardly a breaking story. Looks like good business sense. Look at if from another angle, Man U seek to launch major transfer campaign.
#12
aScottishBloke

2 sentences, hardly a breaking story. Looks like good business sense. Look at if from another angle, Man U seek to launch major transfer campaign.


True, we've all known they have been debt riddled for years, Im not sure where you get 'Major transfer campaign' from, I think they are more concerned with keeping up the interest payments at the moment, transfers are wayyyyy down the list of priorities hence bacon faces recent announcement that theyll be no big transfers.
#13
i like the headline "Sir Alex Ferguson calls for added time to be taken out of referees’ hands after Aston Villa defeat"

didnt see that 1 coming ................much:roll:

the old fella is going out of his mind
#14
aScottishBloke

2 sentences, hardly a breaking story. Looks like good business sense. Look at if from another angle, Man U seek to launch major transfer campaign.


It could mean anything though I prefer insomaniac's take on the story.
[mod]#15
Oh, I really hope they don't have to go into liquidation - being relegated and points deducted (as what happens to other teams in the UK) could be the end of this once great club.
#16
casparwhite
i like the headline "Sir Alex Ferguson calls for added time to be taken out of referees’ hands after Aston Villa defeat"

didnt see that 1 coming ................much:roll:


Surely the rules are that, when United are 1 behind, the game goes on until they equalise? If so, then the ref was obviously wrong and should be taken out and shot and six points awarded to United.
#17
casparwhite
i like the headline "Sir Alex Ferguson calls for added time to be taken out of referees’ hands after Aston Villa defeat"

didnt see that 1 coming ................much:roll:

the old fella is going out of his mind


Magnanimous in defeat once again, the man is absolute scum
#18
I agree with that statement too, he looks like a raddled old wino. Arrogant to the hilt.
#19
spammers
I agree with that statement too, he looks like a raddled old wino. Arrogant to the hilt.


He seems like the type smell of whiskey and stale urine.
banned#20
tony_s1;7202810
Much as I like the idea of ManUre going bust, I don't really think that the Mirror is the soundest source of financial stories. :roll:


iNSOMANiAC;7202941
True, we've all known they have been debt riddled for years, Im not sure where you get 'Major transfer campaign' from, I think they are more concerned with keeping up the interest payments at the moment, transfers are wayyyyy down the list of priorities hence bacon faces recent announcement that theyll be no big transfers.


Major transfer campaign relates to not having to pay as much debt back within original schedule, hence freeing up funds to exploit the transfer market. It's all spin and gossip you know :roll:
#21
aScottishBloke

Major transfer campaign relates to not having to pay as much debt back within original schedule, hence freeing up funds to exploit the transfer market. It's all spin and gossip you know :roll:


you are mad if you think man utd are gonna be spending much if anything at all in the transfer window

fergus has already said he wont be spending in an "inflated market" same as wenger

The chances of mid-season imports into the respective squads of Manchester United and Arsenal may be minimal, according to Sir Alex Ferguson and Arsene Wenger, and the reasoning behind both predictions comes down to a question of economics.

For Ferguson, an "inflated market" is preventing the Scotsman from adopting an aggressive policy of recruitment. The Old Trafford maestro is sceptical about making big-money transfers when there is a chance he may not get his money's worth.

"I don’t see any value in the market and that’s why I didn’t buy anyone more in the summer," he is reported to have told the Daily Mail. "The prices we were quoted for players were not reasonable and that’s why I didn’t do anything more.

"There’s a danger this could continue but it doesn’t change my view that we must look for value," Ferguson said.
#22
anyway... colour prospectus?

If they're that skint what about a good old-fashioned Xeroxed A4 pile put in a holepunched folder with the lovely green tags holding it together? That's bound to swing it.:roll:
#23
spammers
anyway... colour prospectus?

If they're that skint what about a good old-fashioned Xeroxed A4 pile put in a holepunched folder with the lovely green tags holding it together? That's bound to swing it.:roll:


Presumably you got that idea from the Portsmouth prospectus. :whistling:
#24
Dont knock it, it worked for Michael Owen http://bigfourza.files.wordpress.com/2009/09/owen.jpg
#25
http://img27.imageshack.us/img27/3900/39510530278e601952e3o.jpg

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