View Full Version : A glaze awaits the Red Devils
As Glazer takes over.
Not being a Devils fan myself I can't understand the reaction but I know how I would feel if such a thing took place with my Reds.
All the best to the Devils as the season draws to a close.
sytaylor
05-13-05, 05:43 AM
They're screwed, royally, RIP Man Utd the world force in football.
£30 million a year to repay his borrowings....
/me shakes his head...
Old Trafford will be sold and leased back...
SFA is leaving....
Playes will break their contratcs..and nothing left...
Devils are becoming the Real of the world. Maybe they can match the Galactico's success?
Real has a benefactor who can it up with his own money.
Glazer cannot
just too upset
intania
05-23-05, 09:32 PM
Summary
Glazer has taken on up to £921 million of debt, both personal and corporate, to acquire United.
If this debt is allowed to run for at least 7 years, then the accumulated repayment value could reach as high as £1.5 billion.
The debt leveraged on United’s assets could be as much as £700 million within 6 months of closing of the offer.
Servicing that £700 million debt (interest & principal repayments) would average out at approx. £85 million p.a. for the first 7 years,
increasing substantially thereafter
Glazer could reduce the debt burden by the sale & leaseback of Old Trafford, which might net him £200 million.
In that case, servicing the debt could still cost the club an estimated £55 million per year, plus the annual OT lease payment.
The offer document contains no detail on how the club might generate enough cash to pay down this debt and no commitments
on transfer funds or other key issues for United fans and small shareholders.
Manchester United is in peril as never before. No other football club has ever had a debt burden of this size,
and there is no real prospect of clearing this debt for many years to come.
The rest is here
http://suforum.org/newforum/announcement.php?f=28&announcementid=14
I am already a member of Shareholders United and get tehir newsletters and such.
I fear for the worst now... :(
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