Originally posted by Reece
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Desperation from Utd?
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If they ever get rid of the glazers they will be a phenomenal force. The amount of money they generate is sickening.
They had a good squad,they didn't need to spend much to keep winning which suited the owners but they are finally falling behind.
Here's to the Glazers holding them back for at least 20 more years.
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On a happier note
Andy Green @andersred
Complete U-turn from Glazers. Personally taking half #MUFC IPO proceeds. http://www.sec.gov/Archives/edgar/da...10287zf-1a.htm …
Andy Green @andersred
Quote from prospectus "We [United] will not receive any proceeds from the sale of the Class A ordinary shares by the selling shareholder."
Andy Green @andersred
#MUFC to only repay £73m of total £425m debt. #chicken****
Andy Green @andersred
Net interest saving for #MUFC from this is.... £4.2m per year. #glazernomics
Andy Green @andersred
Glazers selling 10.2% of #MUFC, attempting to raise (at mid price) $300m.
Andy Green @andersred
16m shares to be issued to #MUFC senior management under "2012 Equity Incentive Award Plan". That's why Gill has stuck around....
Andy Green @andersred
There is no way to positively spin this #MUFC IPO. Glazer family in desperate need of cash. That takes priority over club.
Andy Green @andersred
Will Sir Alex Ferguson be a beneficiary of the "2012 Equity Incentive Award Plan" total value $288m?
Andy Green @andersred
Cost of this IPO? £7.7m. Almost two years' interest saving.... #glazernomics
Andy Green @andersred
Apologies £75m face value of bonds will be repaid (not £73m). Still **** all though.
Andy Green @andersred
The saving on £75m of repaid bonds is only £6.5m per year or £4.2m after tax. That's 5% of a Ronaldo each year. #glazernomics
Andy Green @andersred
Six Glazers will each get $25m from #MUFC IPO.
Andy Green @andersred
And remember..... the Premier League has NO VIEW on any of this.
Andy Green @andersred
Who's entitled to 16m shares under the #MUFC 2012 Equity Incentive Award Plan? "selected employees, consultants and non-employee directors"
Andy Green @andersred
And some scraps in the #MUFC prospectus about the 2011/12 results.... Such as:
Andy Green @andersred
Revenue down 3-5% vs. 2010/11
Andy Green @andersred
Operating costs (mainly player wages) up 4-5%
Andy Green @andersred
EBITDA down 16-18%
Andy Green @andersred
#MUFC cash in the bank 30 June 2012 £70m.
Andy Green @andersred
That's having spent £50m on interest in 2011/12.
Andy Green @andersred
#MUFC were already a Cayman Islands company when Aguero scored his winner. Registered 30 April 2012.
No wonder fergie has been defending the Glaziers he is on for a nice payout from this deal
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That's disgusting.Originally posted by Chazza1978 View PostAndy Green @andersred
Six Glazers will each get $25m from #MUFC IPO
Why isn't it being reported by the mainstream media?.
Suppose you have a physicist and a sociologist standing at the side of a field, observing a set of events unfolding on the field. The physicist does [describes] it using the terminology of mass and velocity and frequency of radiation and the rest. And the sociologist does it by describing it as a rugby match.
May the Lord bless this post.
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