Quarterly Quarrel: Financial Discussion Part 4

and what is the " good" you speak of ?

 

Read the thread NM and you will find it

 

Club's performance, record profits, strong commercial growth.

 

Club's performance has been in spite of them.

Having record profits and commercial growth when it's being spunk away on debt payments is like having 10 brand new lamborghini and having no gas for them. The money is being wasted away

 

On a related note, apparently we just signed a global partnership deal with Epson.

 

http://www.telegraph.co.uk/sport/fo...the-current-health-of-the-Premier-League.html

 

According to https://twitter.com/#!/andersred, 1.7 million from commercial income is an inaccurate numbers because the writer used wrong numbers. And it also makes no sense why it'd be only 1.7 milion.

 

Yeah.

I remember posting the right numbers in this thread before. And the money we were wasting in paying dividends and taxes as well.

 

so according to andersred the commercial revenue prior to Glazer takeover £45m but there was also £55m takeover-debt interest.

also don't think he used the "wrong" numbers. he used the MUFC Ltd 2005 accounts for the number in the article. he explains it more on the timeline: https://twitter.com/#!/diggermattscott

 

Why he assumption that the increase revenue is related to the glazers? Gill was running the club before the glazers and he is running it now. Although to be fair, the additional revenue from increased ticket prices is the galzers' doing.

 

Because they added staff specifically detailed to increase revenue streams.

 

Come on, man! Even with all the hate NM has for the Glazers, I do not think even he would tack on credit at the lapels of David Gill!

 

No it isn't you fcukwit! It isn't as though United's debt is infinite or perpetual. Increasing our revenue, particularly through commercial exploits is brilliant. Most of these advances will remain for years to come and when the debt is finally paid off we'll be raking in far more than we did in the past and the club will be all the better for it.

Don't get me wrong. I'd rather we were debt free with a fcuk-ton of money to spend on players too, but there's no guarantee that we would have. I also think that we could have been taken over by someone who wanted to drain United of money instead of building the club up. To deny that the Glazers are making us more commercially viable is deny reality.

 

We are a club about the long run, right? Well if we never had this debt then we would never be having the commercial growth surge that we are having as well. The debt is being chipped away at and will be gone within ten years. Then guess what? We've got all that money to piss around with and we aren't accumulating massive debts like City, Madrid, Barca, and Chelsea. We may be ::Insert favorite doom verb here:: but we will be fine, in fact we'll be better than fine. We'll be great.

 

There's always a worst-case scenario and you never know what'll happen after Ferguson leaves. United could get into middle of the table mediocracy and that 10 years suddenly become 15 or even 20. And I don't even know if the debt can be repaid in 10 years with optimal conditions, it's anybody's guess, not even the Glazers know that.

 

How subtle.

 

sick of this shit man. started w/ the doom crap when it was first announced and I literally begged folks to wait 3-4 years and see where we were. But noooo, he had to go all die glazer die from the word go and now he's been doing it so long he has no idea how to do anything else. By all accounts of the doom lords, the corpse of United should be relegation fodder in the Championship by now after all our assets were sold off to pay the debt.

 

Jitty, I always find your posts really interesting, but often find myself lost within your contemplations and reasonings. Im asking you what your general point is? Is it that wed be better off without the Glazers? That we will eventually collapse?