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United ownership thread
Topic Started: Nov 15 2010, 11:42 PM (1,588 Views)
TheReturnOfTheKing
Definitely NOT a Terrorist
just to balance things out

before united paid no interest on the pik debts, because it was put onto the debt thus it was increasing

IF they sold assets in usa to pay it off fair enough

IF they took out a new loan, that means they will need to start paying interest of about 10--20m on it which will mean more losses
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Woody
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Grade A Leprechaun
The thing is no one knows how they paid the PIK's except for them. Atm its all just speculation. Maybe they did take out another loan, maybe they did sell an American asset but for now nobody knows
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mercedes
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aah well a third is way better than a quarter. i thought we had 800m debt
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treble
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The Chosen Juan
It was about £700m Mercs, now down to about £470-480m from what I've heard. A third is a big chunk but I always dealt in eighths myself :ph43r:

Whatever Glaziers wanna do for the loan is up to them, Utd have confirmed it's not related to the club so good luck to them.
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mercedes
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i think it was 800m at some point wasnt it? everytime there's an article about uniteds debt i just skip past it. i hate reading about it coz its sad. but i guess i just dont realise that some of the articles about the debt might actually be positive
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TheReturnOfTheKing
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bond 526, pik around 220m, damn it started off at around 140m, so much interest they have been paying

so their debts are at around 750m, if you look at how much united are worth (1bn) the value has gone up, i would find it very surprising if it is not another loan, which means their will be an additional interest from now on

if it comes to a point they cannot sustain it, united will be sold for around a billion and they make a healthy profit


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treble
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The Chosen Juan
debts are were around £716m, but not any more :) And 716-230 puts it at about £480-490m beginning of next week?

Even if they take another loan it won't be on Utd so I couldn't give a s**t tbh.
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TheReturnOfTheKing
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treble
Nov 17 2010, 10:51 PM
debts are were around £716m, but not any more :) And 716-230 puts it at about £480-490m beginning of next week?

Even if they take another loan it won't be on Utd so I couldn't give a s**t tbh.
it wont be on united but who will be servicing it, thats what you should be worried about
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treble
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The Chosen Juan
SACKWOY
Nov 17 2010, 11:09 PM
treble
Nov 17 2010, 10:51 PM
debts are were around £716m, but not any more :) And 716-230 puts it at about £480-490m beginning of next week?

Even if they take another loan it won't be on Utd so I couldn't give a s**t tbh.
it wont be on united but who will be servicing it, thats what you should be worried about
Yeh fair point, but hopefully it'll be less of an outlay than the PIK. It will be paid annually as opposed to being capitalised and that'll be a better thing anyway.
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Monty
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It will be much much much less than the PIK. The PIK is above 16% and the rate in which it is growing it's possible that 200m will be 700m in 6 years time.
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TheReturnOfTheKing
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NAN17
Nov 17 2010, 11:18 PM
It will be much much much less than the PIK. The PIK is above 16% and the rate in which it is growing it's possible that 200m will be 700m in 6 years time.
what i mean is you were not paying it in cash terms right now, if you get a new loan, you will have to start paying the interest in cash terms which you didnt with the pik

perhaps this is why you got the bond, you lowered your payments on the big loan to the bond 45m and can know afford to pay another loan off?
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TheReturnOfTheKing
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treble
Nov 17 2010, 11:16 PM
SACKWOY
Nov 17 2010, 11:09 PM
treble
Nov 17 2010, 10:51 PM
debts are were around £716m, but not any more :) And 716-230 puts it at about £480-490m beginning of next week?

Even if they take another loan it won't be on Utd so I couldn't give a s**t tbh.
it wont be on united but who will be servicing it, thats what you should be worried about
Yeh fair point, but hopefully it'll be less of an outlay than the PIK. It will be paid annually as opposed to being capitalised and that'll be a better thing anyway.
wouldnt surprise me if the bstards did what our ex owners, they pretended they paid it off to lie again, infact they went to usa banks got 7-8 percent loans, lent it to lfc at like 10 percent :rofl:

glad it all blew up in their face :lol:
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manu22
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Seriously why do u guys listen to these figures. The media are bull sh** and twist and turn things how they want.
Rivaldo greatest player in my time
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stacie
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They must have taken a loan. You'd surely have heard if they were selling something worth so much, especially with them under harsh spotlights both here and in the States. It's very generous of them, maybe there is something to be said for the green and yellow scarves and the fans' protests.
flak and gary love stacie and weep sorrowful tears when she's not around

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TheReturnOfTheKing
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stacie
Nov 18 2010, 07:13 AM
They must have taken a loan. You'd surely have heard if they were selling something worth so much, especially with them under harsh spotlights both here and in the States. It's very generous of them, maybe there is something to be said for the green and yellow scarves and the fans' protests.
yup, if they sold an asset for 200m+ united forums would have known, it could not be kept hidden away

the loan on the other can be until the financial reports which is what our ex owners did
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