Man Ure report losses of £80m

[Arn]

As much as this makes me laugh i think we all need to look at the bigger picture here. I think the league needs to put something into place to protect its club members from such financial ruin. Something has to be done to prevent these predators buying our clubs and putting purchase debt onto it.

Slowly month by month clubs are going into Administration yet **** all seems to be getting done about it at the FA or premier league.

We cannot continue to allow these ****ers from coming in transferring the purchase debt onto the club then taking the clubs profits for their own means. Surely they can make it illegal in the sport for someone to take control of a club through a leveraged buyout?

The PL should copy the Bundesliga.

[Fernandinho]

Get a load of this:

We were paying that much in interest a year with half the money borrowed, I guess they have got a really good rate...

[Imy]

I wonder how 'our' win today will effect Man Utd and the Glazers.

Surely they won't be stupid enough to ever be out voted on their own board?

[Tee]

I wonder how 'our' win today will effect Man Utd and the Glazers.

Surely they won't be stupid enough to ever be out voted on their own board?

I hope not.

[Baracus]

I think a big difference could be wewere majority funded by a british bank, they on the other hand are owned by various hedge funds and american banks. Public Pressure is hardly going to filter through to american banks. Just a thought

[Imy]

I think a big difference could be wewere majority funded by a british bank, they on the other hand are owned by various hedge funds and american banks. Public Pressure is hardly going to filter through to american banks. Just a thought

Good, I don't subscribe to all this bull **** of them being a great club, Utd, the team, the manager, the ungracious fans are all cunts - i really hope that they go tits up.

[Rich]

United generate a huge amount more cash than we currently do - they can still service their debt fairly easily, I don't think they have any worries short term.

The problem is mid to long term if they keep on rolling their debt and interest payments into new credit facilities. Then we'll potentially see United in a shed load of trouble.

Glazers don't care, they're taking huge sums out of the club each year, and aslong as the value of the club is greater than their liabilities they'll continue to milk it.

[Exiled_red]

I think the difference between what the Glazers have done to them and what Hicks and Gillett did to us comes down to two main factors, firstly they have a larger revenue stream to support the debt. Secondly their deal was secured long term before the credit crunch. Whereas Hicks and Gillett after the credit crunch were struggling to get fianance and as a result had to pay higher and higher interest rates. They pushed us beyond the level where our debts were managable with our revenue, I'm not sure if the Scum have reached that point yet, but they're recent net spend could suggest it's getting closer.