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United ownership thread
Topic Started: Nov 15 2010, 11:42 PM (1,589 Views)
TheReturnOfTheKing
Definitely NOT a Terrorist
stacie
Nov 16 2010, 08:57 AM
So United were paying off the loan but not the interest payments? It's good to not have it at all but at least you weren't paying interest on it.
the interest was put on top of the loan

for example

200m at 10 percent in 2009

was

220m at 10 percent in 2010
no
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Jeffers
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Ginger Prince
http://www.skysports.com/story/0,19528,11667_6511299,00.html

artical on increasing revenue
"I don't play against a particular team. I play against the idea of losing." - Cantona
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EL.I.AM LEGEND
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------------------------
If they have sold other assets and put the money in to Utd. Eventually they will want to take it back out.

Then back to square one
You'll Never Win Anything
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Monty
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I'm a naughty boy
Erm no, cos they aren't putting any money into Utd by doing this.
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stacie
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Dipped in chocolate, bronzed with elegance
SACKWOY
Nov 16 2010, 03:42 PM
stacie
Nov 16 2010, 08:57 AM
So United were paying off the loan but not the interest payments? It's good to not have it at all but at least you weren't paying interest on it.
the interest was put on top of the loan

for example

200m at 10 percent in 2009

was

220m at 10 percent in 2010
Yeah but the article says that the Glazers have shouldered the interest payments, too afraid to put them on the club.
flak and gary love stacie and weep sorrowful tears when she's not around

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TheReturnOfTheKing
Definitely NOT a Terrorist
i swear keano told me no interest payments were being paid by anyone on the pkr loans, instead they were put back onto the debt
no
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stacie
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Dipped in chocolate, bronzed with elegance
just going on what the article's saying, that the glazers are paying the interest and want to pay the whole thing off now before interest payments get bigger and make the loan huge.
flak and gary love stacie and weep sorrowful tears when she's not around

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Monty
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I'm a naughty boy
The Glazers are liable for the PIKs, not the club. The fear most people had was that they would take out dividends to pay for their debt. They have never done that.
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mercedes
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Old Hag
i dont get any of this and i know 200m is only a dent in our debts but if thats gonna be paid off then its still brilliant news that the owners are willing to pay a quarter of it off when they have been absolute jerks so far. every little helps and all that
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GET YOUR KIT OFF
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treble
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The Chosen Juan
mercedes
Nov 16 2010, 08:51 PM
i dont get any of this and i know 200m is only a dent in our debts but if thats gonna be paid off then its still brilliant news that the owners are willing to pay a quarter of it off when they have been absolute jerks so far. every little helps and all that
It's £230m and equates to about a third of the total debt from what has been reported so it's a pretty decent dent.

Although there are concerns about the debt and about the Glaziers, they seem to be a lot more financially secure than ppl have given them credit for in recent times. Ppl are talking about where this money is coming from, but even if it is a loan from some unrelated business venture all it shows is that in the middle of a recession and a credit crunch, banks and/or other lenders still consider the Glaziers a sound investment to give £230m to. Considering Gillette and Hicks went everywhere cap in hand and couldn't get a pot to p*** in, this shows the difference with the Glaziers. Ofcourse it may not be a loan at all and that would also show they are a lot more financially secure. This has come out of the blue and can only be considered a good thing for the club.

On another note, there are rumours this is being done in order for them to sell the club.
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Papa_Lazarou
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Randolph
Maybe they are selling it to a consortium lead by Hicks and Gillette :please: :lol:
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Oppa Papa Style
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treble
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The Chosen Juan
:rofl: it could be worse, they might be selling it to the green and gold campaign :cry:
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Monty
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I'm a naughty boy
Them winkers will be all over the media spouting their shite if that was the case.
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treble
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The Chosen Juan
I'm sure they'll be on soon enough preparing a phantom bid.
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The Derry Pele
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Free Suarez
They have started renting out grannys to wayne rooney :ph43r:
F**k Damien Duff
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