@rooneygenius-Your right.Our situation in 2005 was ideal,but thats gone now.they seem to be taking the commercial side of the club forward....i have no reason to not believe the manager when he says that his hands have never been tied in the transfer market.they have  a plan to gradually remove our debt....my point is that the glazers are here to stay as they reiterated again today.,the sooner we accept it the better...because we cant do anything else.

marxx:

abhiram:

marxx:

So Many Financial Experts on this forum arn't there!!!!!!!!

Says the guy who trusts Gill- David Gill of all people.

Im not saying im a finacial expert, im not, thats my point, but so many on here seem to know everything.

And yes i do trust David Gill, he's not got to where he has through being stupid

True but he did say debt is the road to ruin and yet he might as well have a 1-man fan club devoted to the debt-saddling Glazers.. I know that no business (nevermind one as successful as United) is going to purposefully set itself up for a fall but I can't see the Glazer ownership being a good thing - and by that I'm not saying a RK ownership would be either... I don't know what kind of ownership would be as I'm no businessman but I know one thing for damn sure - debt ain't a good thing... I know everyone takes out loans etc etc but I think we have a tad more debt than most people so I can't see how anyone thinks the Glazer ownership is a good thing for us or am I wrong in thinking that anyone is of that opinion?....

Marxx you have a right to your opinion obviously but I can't understand it, to be honest, in relation to the Glazers... I mean, if they had never came anywhere near the club, would you have actually wanted owners that were going to saddle us with a seriously large amount of debt? I have my doubts so what's the up side to having the Glazers owning us?

So thats it then.I expected this to ne honest...no way that the glazers will be selling and there is no way that those "lifelong" fans will ever get anywhere near the club.Whether we like it or not,thats just the way it is.

red irish:

FootballJournalist:

redirish, what's your salary? not very high I take it? lol...

Oh look what the cat dragged in.....

lmao!! thats quality.

abhiram:

Why did Ronaldo sign a new deal only to walk away six months later. Also if he requested a move to Real, he would forfeit £8 million in signing on fees. Can you see any agent agreeing to sort out a deal where his client loses £8 million ????

Don't know why he would sign the new deal the turn around and accept the transfer.    It is not like the debt suddenly popped up in those 6 months it was there before he signed the new deal, so I doubt that had anything to do with.    The rumours of Real Madrids interest and his interest in Real Madrid were not new.    Perhaps, and this is just a wild guess, the new deal with United was part of the negotiating process, to make sure Real Madrid offered as much as we could get and Ronaldo and his agent could then use it as leverage in their negotiations with Real Madrid.  We know he had interest in Real Madrid before signed the contract, we know Real Madrid had interest in him, but would he have been completely against staying at United if a deal with Madrid had not been completed?  I don't know.

I have seen cases in American sports where new deals are negotiated between a player and his club in an effort to restructure the payment scheme (sometime parts of contracts in the US are paid out in annuities, not as one lump sum), to remove or add clauses the team and player agree to. 

You assume that Ronaldo actually ended up 8 mil poorer by taking the Real Madrid deal.   Got to be  honest, I don't know all the details of the contract he signed with Real Madrid, perhaps in the contract with Real Madrid even with giving up the 8mil bonus he actually makes MORE money.    Did he get a signing bonus at Real Madrid and how much was that for?

abhiram:

With all that in mind, do you seriously believe that United werent overly disappointed to sell Ronaldo..

I am not saying Fergie was happy with the situation.. Far from it, but I do suspect that the powers that be had a wry little smile on their faces when they heard what was on offer by Real Madrid...

Never said that anyone of the powers that be was horribly disappointed with his going, especially at that price.  good bit of business I guess..   From a talent perspective, SAF probably would have loved to have kept him, who wouldn't.   As you notice I don't at all dispute that his funds went to the debt.

But end of the day, when Real Madrid came a knocking he was more than willing to go, and that seems to have been the driving factor in the transfer.

Then again who knows when SAF retires and writes about this time period at United, perhaps some information will be divulged that sheds a bunch of new light on what was really going on behind the scenes.

 

roonalto:

Haiya..... why many fan act like they have a share in manchester united club.This club no longer public company.It is private owned. Just support the club... As a fan, we can critised but we doesn't have a rights to know or interefering on how the club run. Please don't make this situation worst.

 

Mate we know that the club is privately owned, but the fans are the ones that are financing the club with their hard earned money, so they have every right to care about what happens to the club. However the protests do have the potential to hurt the club!

There is no "I am right, you are wrong" here. At the end of the day, when all is said and done, we all want what's best for the club!

Haiya..... why many fan act like they have a share in manchester united club.This club no longer public company.It is private owned. Just support the club... As a fan, we can critised but we doesn't have a rights to know or interefering on how the club run. Please don't make this situation worst.

abhiram:

I cant claim to fully understand all the details of the Phoenix Fund but this is excellent reference.

http://www.joinmust.org/thefacts/whyitwillwork.php

Thanks Abhiram. From your link I can see that the intentions are good. I am not a Glazer supporter, neither do I condone their actions. I just find it difficult to see how the Red Knights are gonna be better at managing and at a later stage clearing the debt.

I wish that someone would publicly address the fans and help us to understand what their plan is once they take over the club. It's one thing raising the money to take over, but the key is how they are gonna take the club forward.

That to me is the reason why I have reservations about the Red Knights. I would love for a Knight in shining armour to rescue us and ride us off into the glorious sunset, but right now, it seems like there aren't too many viable options!

man utd cap:

Yes, that is exactly the problem that I have, because I have not heard a single one of the Red Knights come out publicly and say that that is exactly what their intentions are. Man Utd may have rich fans, granted, but how many of them are willing to donate to the cause. Until they publicly state that they have no intention of making a profit on their investment in Man Utd, then the jury is still out for me!

What really surprises me and another thing that I find hard to swallow is, if these businessmen love man Utd so much, why all the anonymity and secrecy? And I can understand if a few of them were modest and didn't want to be in the spotlight, but all of them?

Like I is said earlier, I have not seen the Red Knight's business plan, so I find it difficult to trust them. Enough with the cloak and dagger stuff! They should come clean!

I cant claim to fully understand all the details of the Phoenix Fund but this is excellent reference.

http://www.joinmust.org/thefacts/whyitwillwork.php

 Yes I'm aware that Ronaldo wanted to go. My point is, if other clubs want to sign talented players, United will always be first on their list to look in because of our "little" situation. Don't get me wrong, I know many players are tempted to leave for other clubs due to bigger salaries and better weather, that's how it always has been, but the finincal issue is just making everything worse. 

Oh and saying we had a nice profit of 60£ mil this year was certainly one of the biggest jokes - as if we didn't buy Valencia we'd have a profit of 80£ mill - hmm 80£ mill sounds familiar, I wonder where that came from. I mean it's not even funny but calling it a profit based on this season's performance is just not right. I know the team could have done better in the league this year, but so could chelski - as if they didn't have some laughable results as well and its their manager's only first year mind you.  

abhiram:

I think the core problem is here that you don't seem to be able to get your head round the idea that anybody could care enough about the club to bother. Is there a law that says United fans cannot be rich?

Yes, that is exactly the problem that I have, because I have not heard a single one of the Red Knights come out publicly and say that that is exactly what their intentions are. Man Utd may have rich fans, granted, but how many of them are willing to donate to the cause. Until they publicly state that they have no intention of making a profit on their investment in Man Utd, then the jury is still out for me!

What really surprises me and another thing that I find hard to swallow is, if these businessmen love man Utd so much, why all the anonymity and secrecy? And I can understand if a few of them were modest and didn't want to be in the spotlight, but all of them?

Like I is said earlier, I have not seen the Red Knight's business plan, so I find it difficult to trust them. Enough with the cloak and dagger stuff! They should come clean!

RedYankee:

 

evian133:

selling superstars like Ronaldo just to get rid of debt. 

Ummmm, not for nothing, but you don't help your cause making comments like that.   He was sold because he wanted to go.  Now whether the money was used to pay the interest on the debts, that is another issue.

OK, we all know Ronaldo wanted to go. Thats fair enough, and we knew that in time he was going. Anyone who disputes that is an idiot.

Well United tied him up into a nice new contract only months before he left. Ronaldo would have had the option to refuse that deal, but chose to sign it. He maintained he wouldnt be leaving United and was happy to stay.

Less than 6 months later, he's on the plane and he's gladly signed for them with Uniteds blessing for him to go, despite Fergie saying he wouldnt sell them a virus let alone Ronaldo..

So what changed ?

Why did Ronaldo sign a new deal only to walk away six months later. Also if he requested a move to Real, he would forfeit £8 million in signing on fees. Can you see any agent agreeing to sort out a deal where his client loses £8 million ????

Supposing we HADNT sold Ronaldo.

If we hadnt sold him, then we wouldnt be clearing off the debt with what we got for him. Nor would we have the £75 million credit facility because we all know United was maxxed out on debt and unless some debt was cleared off then no other debts would be allowed..

By selling Ronaldo United got rid of £80 million worth of highly toxic debt, plus opened up the scope for a £75 million transfer budget.

With all that in mind, do you seriously believe that United werent overly disappointed to sell Ronaldo..

I am not saying Fergie was happy with the situation.. Far from it, but I do suspect that the powers that be had a wry little smile on their faces when they heard what was on offer by Real Madrid...

marxx:

Im not saying im a finacial expert, im not, thats my point, but so many on here seem to know everything.

I have never ever claimed to know everything(although I can be a prik sometimes), but what I do know is that we've won the league 3 times in 4 years, raised 100m profits on player sales over the last two seasons, got a 40million down payment  from a long-term shirt sponsor and we're still struggling to meet the interest payments alone and we need to borrow money to finance the funding of new players, as noted by many financial experts and indirectly, by the release of the bond prospectus.

That is enough to tell me that it is not all "sun and birds tweeting in the sky", contrary to what your beloved Gill tries to portray.

evian133:

I don't understand why they keep saying we have money, to keep us reassured that we don't have any problems?

Probably because whenever he does an interview the reporter(s) ask the question.    Most of the time when you see a person quoted in an article, well it is because the reporter asked a question. 

   

evian133:

selling superstars like Ronaldo just to get rid of debt. 

Ummmm, not for nothing, but you don't help your cause making comments like that.   He was sold because he wanted to go.  Now whether the money was used to pay the interest on the debts, that is another issue.

 

 I don't understand why they keep saying we have money, to keep us reassured that we don't have any problems? I'm no Red Knights supporter but if they can buy us out of our debt, I'm all in for backing them up, because if Fergie resigns while we still have debt of over 400£ mill, then oh it's going to be a lot of fun cause I'd think we'd be going straight to hell. Oh and those magical bonds have an interest rate too you know, that's how money works in the modern world. 

 If nothing happens, the next few years might be a sad time for United, having owners who don't care about the club at all and selling superstars like Ronaldo just to get rid of debt.