Bert Le Clos Posted September 16, 2011 Share Posted September 16, 2011 BBC Sport reporting Man U declared a record ?110.9million operating profit for last year. Debt is down to ?308.3million, which is still a huge amount, but down ?72.6million from the previous year. Manchester United reports ?110.9m operating profit With only City looking like matching their pace early on, and with Ferguson still having a reported ?30-40million to spend if needed, the other teams and some posters on here who predicted lack of success, players being sold and Utd going bust now sounds a bit Hobo-esque...... Still nowhere near Barce though. so they'll have to make do with only dominating the English game for a few more years I suppose. Link to comment Share on other sites More sharing options...
DETTY29 Posted September 16, 2011 Share Posted September 16, 2011 BBC Sport reporting Man U declared a record ?110.9million operating profit for last year. Debt is down to ?308.3million, which is still a huge amount, but down ?72.6million from the previous year. Manchester United reports ?110.9m operating profit With only City looking like matching their pace early on, and with Ferguson still having a reported ?30-40million to spend if needed, the other teams and some posters on here who predicted lack of success, players being sold and Utd going bust now sounds a bit Hobo-esque...... Still nowhere near Barce though. so they'll have to make do with only dominating the English game for a few more years I suppose. The Glaziers are going to make an absolute mint out of Man U one day. Although maybe if they hadn't saddled the club with so much debt at the start - remembering Man U was debt free club when they bought them over - at least 2 more European Cups might be sitting in the Man U trophy cabinet - and Chelsea with a couple less EPLs, if any. Link to comment Share on other sites More sharing options...
Tazio Posted September 16, 2011 Share Posted September 16, 2011 The Glaziers are going to make an absolute mint out of Man U one day. Although maybe if they hadn't saddled the club with so much debt at the start - remembering Man U was debt free club when they bought them over - at least 2 more European Cups might be sitting in the Man U trophy cabinet - and Chelsea with a couple less EPLs, if any. To this day the way the Glazers financed their take over of Man Utd baffles me. Link to comment Share on other sites More sharing options...
DETTY29 Posted September 16, 2011 Share Posted September 16, 2011 To this day the way the Glazers financed their take over of Man Utd baffles me. And were allowed to. Link to comment Share on other sites More sharing options...
winningways Posted September 16, 2011 Share Posted September 16, 2011 The Glaziers are going to make an absolute mint out of Man U one day. Although maybe if they hadn't saddled the club with so much debt at the start - remembering Man U was debt free club when they bought them over - at least 2 more European Cups might be sitting in the Man U trophy cabinet - and Chelsea with a couple less EPLs, if any. Link to comment Share on other sites More sharing options...
winningways Posted September 16, 2011 Share Posted September 16, 2011 Phone playing up - meant to say speculate to accumulate.......let's hope Vlad has the same thing in mind,lol Link to comment Share on other sites More sharing options...
JamboAl Posted September 16, 2011 Share Posted September 16, 2011 Reports suggest the Qatari royal family buying next week. Link to comment Share on other sites More sharing options...
Ray Winstone Posted September 16, 2011 Share Posted September 16, 2011 And were allowed to. I think the proof is in the pudding, so to speak. They obviously had a business plan to begin with and it is proving to be very successful. With their plans to sell off ?600million of preferred shares while retaining control of the club and the apparent interest from the middle East, it appears as of they will eventually make the club debt free again and make a healthy return on their investment. Link to comment Share on other sites More sharing options...
jamb0_1874 Posted September 16, 2011 Share Posted September 16, 2011 They also moved a step closer today to raising an estimated $1 billion (?633 million) by listing its shares on the Singapore stock exchange. http://www.bbc.co.uk/news/business-14945421 Link to comment Share on other sites More sharing options...
Eckauskas Posted September 16, 2011 Share Posted September 16, 2011 I was never concerned about Uniteds situation. The debt was huge, yes, but totally managable. Link to comment Share on other sites More sharing options...
Tommy Wiseau Posted September 16, 2011 Share Posted September 16, 2011 Link to comment Share on other sites More sharing options...
Beats Posted September 16, 2011 Share Posted September 16, 2011 Link to comment Share on other sites More sharing options...
Eckauskas Posted September 16, 2011 Share Posted September 16, 2011 You'll find a lot of United fans haven't changed their stance on the Glazers. Link to comment Share on other sites More sharing options...
topcat Posted September 16, 2011 Share Posted September 16, 2011 BBC Sport reporting Man U declared a record ?110.9million operating profit for last year. Debt is down to ?308.3million, which is still a huge amount, but down ?72.6million from the previous year. Manchester United reports ?110.9m operating profit With only City looking like matching their pace early on, and with Ferguson still having a reported ?30-40million to spend if needed, the other teams and some posters on here who predicted lack of success, players being sold and Utd going bust now sounds a bit Hobo-esque...... Still nowhere near Barce though. so they'll have to make do with only dominating the English game for a few more years I suppose. Actually quite close to Barca's last reported Turnover of ?350 As for dominating the English game the combination of Manchester United's ownership needing to take money out to pay the money that the Glazers needed to borrow to pay the previous owners with the injection of cash from the owners of Chelsea and Manchester City who are willing to run huge losses means that the three clubs are competing on relatively even financial terms with each of them effectively having about a quarter of a billion available. Last Figures I could find: United: ?334m-?81m=?253m City: ?125m+?121m=?246m Chelsea: ?206m+?70m=?276m Link to comment Share on other sites More sharing options...
Harry Palmer Posted September 16, 2011 Share Posted September 16, 2011 How is the Green and Gold shite protest going? Manure being blatant in their Sellick links eh? Norwich must be spewing. Link to comment Share on other sites More sharing options...
Eckauskas Posted September 16, 2011 Share Posted September 16, 2011 How is the Green and Gold shite protest going? Manure being blatant in their Sellick links eh? Norwich must be spewing. Bin dippers trying their hardest to play down the obvious affiliation Liverpool have with ra Sellik. Not gonna work, though Link to comment Share on other sites More sharing options...
Harry Palmer Posted September 16, 2011 Share Posted September 16, 2011 Bin dippers trying their hardest to play down the obvious affiliation Liverpool have with ra Sellik. Not gonna work, though Aye, totally.. Link to comment Share on other sites More sharing options...
Bert Le Clos Posted September 16, 2011 Author Share Posted September 16, 2011 Although maybe if they hadn't saddled the club with so much debt at the start - remembering Man U was debt free club when they bought them over - at least 2 more European Cups might be sitting in the Man U trophy cabinet - and Chelsea with a couple less EPLs, if any. I'm not so sure you know. I don't think under the Magneir and McManus regime Man U would have spent any more than they have under the Glazers. And look at the sides they've lost too; under Mourinho Chelsea were unbelievable in the Premier League, and the side Man U have lost 2 European Cups to are generally considered to be one of the best sides ever. Link to comment Share on other sites More sharing options...
Prince Buaben Posted September 16, 2011 Share Posted September 16, 2011 They also moved a step closer today to raising an estimated $1 billion (?633 million) by listing its shares on the Singapore stock exchange. http://www.bbc.co.uk...siness-14945421 And thats legal income under the financial fair play rules and not having bend them with dodgy stadium sponsorships Link to comment Share on other sites More sharing options...
Eckauskas Posted September 16, 2011 Share Posted September 16, 2011 And thats legal income under the financial fair play rules and not having bend them with dodgy stadium sponsorships Now, if I understand the FFP properly, the likes of City and Chelsea will have to cut back their wage bill and spending due to their constant losses, whereas United are free to spend as they please because it's covered by their income. Link to comment Share on other sites More sharing options...
Harry Palmer Posted September 16, 2011 Share Posted September 16, 2011 Now, if I understand the FFP properly, the likes of City and Chelsea will have to cut back their wage bill and spending due to their constant losses, whereas United are free to spend as they please because it's covered by their income. Pretty much as it is Eck.... But with the 'Sponsorship' deals...what's the point? Loopholes etc. Link to comment Share on other sites More sharing options...
GazzaBroon Posted September 16, 2011 Share Posted September 16, 2011 Here's a good site I found recently Company Financial Checks This is also interesting Man Utd Link to comment Share on other sites More sharing options...
VALDOS Posted September 16, 2011 Share Posted September 16, 2011 Reports suggest the Qatari royal family buying next week. Yeah it was mentioned on Talksport this morning, apparently they have a fortune of ?290Billion! Link to comment Share on other sites More sharing options...
Eckauskas Posted September 16, 2011 Share Posted September 16, 2011 Pretty much as it is Eck.... But with the 'Sponsorship' deals...what's the point? Loopholes etc. Only so many things you can sponsor though. The bottomless pit of money at Stamford Bridge and Wastelands is soon to be filled in. Link to comment Share on other sites More sharing options...
kingantti1874 Posted September 17, 2011 Share Posted September 17, 2011 Only so many things you can sponsor though. The bottomless pit of money at Stamford Bridge and Wastelands is soon to be filled in. I agree excessive spending needs to stop,but this financial fair play thing will only make the cartel that is European football worse, the rich teams will get richer and the poor teams will get poorer.... There will be no hope for any non champions league teams of ever making a sig io any breakthrough without private investment Link to comment Share on other sites More sharing options...
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