04 Feb 2011 23:11:05
Manchester United Rumours
Must admit Diuof looks good. He's got alot of pace and looks a good finisher and has done alright so far at Blackburn. Might get more of a chance now the other Diuof has gone. Think he's worth at least £7million.
Ive always felt Man Utd sell their players on cheaply. Every player Man Utd go for always costs them so seeing how Man Utd are a massive club we should demnad more for our players. Makes sense.
Ed what do you think. {ed's note - sometimes you get better money for players because they come from United though, I think it is a bit swings and roundabouts. You get more for the ones that have barely figured because they got a couple of appearances for such a huge club. But you lose out because players you are selling are unable to be sold as first teamers due to the size of the club blocking their route into the first team. Am I explaining myself properly?}
Ed spot on.
Just been thinking we seem to have alot of really good youngsters at the moment. I wonder if this is why Fergie doesn't seem to be buying players other than Lindegaard. R.Morrison looks really good. We will have Wellbeck and cleverley too all three players would definately make a difference to Man Utds 1st team squad. Also Pogba in another years time, although that will depend on how he progresses i.e pre-season he might be given a chance with 1st team to see how he does
Ed what do you think? {ed's note - Morrison has got the making of a star, if he sorts his head out he will be top class. Pogba is good too, and it would be silly to block either's route to the first team.}
Manchester United Rumours Archive February 04 2011
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04 Feb 2011 20:22:19
Manchester United Rumours
Ye - an not a single player bought - great
@Umm wasn't Lindegaard bought?
Sydney!
He is married. . .not single
04 Feb 2011 17:03:56
Manchester United Rumours
I appreciate that an L.B.O is very different to a normal mortage in both size, concept and the conditions of the "loan" but as long as Manchester United make money at the same rate then the glaziers will make their money but only if the club is sucessful to do that they will need to spend(speculate to accumulate) which they will do when it's needed. Just think of it this way the glaziers bought us as a plc in 05 then changed us into a ltd which ment we didn't suffer in the stock market crash in 08 as badly as we would ave if we were still a plc. Now they didn't do that for our benefit but it did help us. Just a thought.
Shappy
04 Feb 2011 16:33:28
Manchester United Rumours
As of January 2011, not a single penny from Manchester United has gone in owner dividends. FACT.
ye - an not a single player bought - great
@Umm wasn't Lindegaard bought?
Sydney!
04 Feb 2011 16:31:52
Manchester United Rumours
If they do take dividends then it will be in addition to the bond interest of £45M. How much would that leave to pay for players?
Red Man
@Red, I am not sure you understand mate, whether the Glazers have taken out another loan or not, they can still take out dividends. Even if they were debt free, they would still be entitled to take out dividends.
Ed, am I explaining this right?
Sydney! {ed's note - owners are always entitled to take dividends, bonuses and salaries.}
04 Feb 2011 16:13:16
Manchester United Rumours
I think your argument is fruitless, i understand the Glazers are entitled to take out dividends regardless of if they have debt or not? So why does this change anything? If United make profits then they are entitled to half of them, that is there right as the owners, just like the investors at Arsenal take out their dividends. Its business.
I hate the Glazers as much as the next bloke but they are entitled to their dividends regardless of whether they have a loan out or not. The PIKs or the PIKs replacement loan is nothing to do with the club.
To un-named
How many times
If they do take dividends then it will be in addition to the bond interest of £45M. How much would that leave to pay for players?
Red Man
04 Feb 2011 15:47:21
Manchester United Rumours
{ed's note - I think you are being a bit harsh on Rodwell mate, Moyes is holding him back just like he did with Rooney. Rooney could barely get in Everton's side either, I think we can safely say he passes muster.}
Maybe a bit harsh but he's 20 in March and only has 50 odd first team caps, alot from the bench. Everton don't have the squad to be blooding in players like that. He should have been a first team regular by now. The reason Rooney was held back was because of the nature of the beast, it was the mental side of Rooneys game that was dangerous. I was at a game back in 03 i think, Rooney played, he took dogs abuse from the fans and should have been sent off for chopping Ronaldo in two, i couldnt see Rodwell doing that. He has great potential but the money they want especially for English youth is madness. Great site by the way, i'v passed many an hour here.
Mumbles
04 Feb 2011 15:33:29
Manchester United Rumours
Evening all
I'v been reading this site daily for about a year now, I have no inside info on the club or the players just a fan like the rest of you. The problem I have is the minute someone mentions a player ie "Sanchez" "Rodwell" "Herderson" they're the only names anyone can talk about. These are the players we know we have a little interest in but Fergie keeps his cards close to his chest i don't see these players joining (maybe Rodwell but hes struggling to get into a poor Everton side) I don't think we'll sign a world beater, a few more 8-10 million youngsters/ early 20's. The team just needs a tweak and a lift you get from new blood and we're away in a manger.
Cut the editor some slack, whats the point of football if ya can't argue with the enemy.
Mumbles {ed's note - I think you are being a bit harsh on Rodwell mate, Moyes is holding him back just like he did with Rooney. Rooney could barely get in Everton's side either, I think we can safely say he passes muster.}
04 Feb 2011 15:20:14
Manchester United Rumours
03 Feb 2011 15:22:38
Manchester United Rumours
As of January 2011, not a single penny from Manchester United has gone in owner dividends. FACT.
ye - an not a single player bought - great
04 Feb 2011 15:10:14
Manchester United Rumours
"Ravel-morrison-returns-as-united-reserves-hammer-rochdale-6-1, does that answer everyones question with regards to Ravel Morrison, back , up for it and ready to sort his head out and progress"
@He looked top quality too, he looked a step above everyone else, even King who got his hat-trick. It would have been a damn shame to lose him, if you think Wilshere & McEachran are talented, wait to you see Ravel.
Sydney!
04 Feb 2011 14:11:47
Manchester United Rumours
Ravel-morrison-returns-as-united-reserves-hammer-rochdale-6-1, does that answer everyones question with regards to Ravel Morrison, back , up for it and ready to sort his head out and progress
04 Feb 2011 13:11:55
Manchester United Rumours
Must admit Diuof looks good. He's got alot of pace and looks a good finisher and has done alright so far at Blackburn. Might get more of a chance now the other Diuof has gone. Think he's worth at least £7million.
Ive always felt Man Utd sell their players on cheaply. Every player Man Utd go for always costs them so seeing how Man Utd are a massive club we should demnad more for our players. Makes sense.
Ed what do you think. {ed's note - sometimes you get better money for players because they come from United though, I think it is a bit swings and roundabouts. You get more for the ones that have barely figured because they got a couple of appearances for such a huge club. But you lose out because players you are selling are unable to be sold as first teamers due to the size of the club blocking their route into the first team. Am I explaining myself properly?}
04 Feb 2011 12:54:32
Manchester United Rumours
Shappy . what the glaziers have done is called a L B O , hardly a normal run of the mill house loan
04 Feb 2011 12:38:40
Manchester United Rumours
Thanks guys. I'd like to see mame diouf get a chance as well otherwise pointless buying him. I'd like to think macheda would fetch double figures. And i'd probably try and get higher on gibson and obertan as well. I do think we don't always ask for as much as we should when selling
04 Feb 2011 12:23:36
Manchester United Rumours
What does the editor think? {ed's note - I think Diouf will fetch more, goal scorers are valuable and he is a good, pacey goalscorer.}
I was tempted to put 7m down as in a footballing team he would score a lot more goals than he would at Blackburn. I would send him on loan to Bolton next season. {ed's note - or get shut of Owen and give him a chance at United? He would offer something different.}
04 Feb 2011 12:16:02
Manchester United Rumours
""I think we all think the same players will be leaving this summer. The likes of tommy k, gibson etc. Just wondering what kind of values people would put on those two, macheda and diouf?""
Gibson 5m
Diouf 5m
Macheda 8m
Obertan 5m
Kuszczak 3m
What does the editor think? {ed's note - I think Diouf will fetch more, goal scorers are valuable and he is a good, pacey goalscorer.}
04 Feb 2011 12:08:04
Manchester United Rumours
I agree with REDFAITH it is just as likely they are trying to cover up a sale or even new investment as it is they are covering up a loan. . I guess we may never know for sure.
04 Feb 2011 10:21:52
Manchester United Rumours
""Given this latest information about Delaware and until we know how the PIK loans were repaid we must assume there is still a loan to be repaid. It again brings the liklihood of the Glazers taking dividends this year very sharply into focus.
That would give the explanation for the non purchase of players as they would want to maximise profit to take maximum dividend. (They could then make a small purchase in August which would be next financial year)
We need answers and it is in the interests of every single fan to ask what is happening. Seasons will come and go but our financial wellbeing is our future. I keep seeing people post on here that they don't want to think about the finances, well if we truly get in a mess there won't be a club to watch or if there is it won't be one challenging for the top.
I await REDFAITH and Sydney! to say all is ok but everyone should be concerned that the Glazers are manipulating their finances in secret and it could have a major impact on us.
No they havent taken a dividend yet, but why the secrecy? It smells and everyone needs to be aware and ask know what they are doing to our club.
Red Man""
I think your argument is fruitless, i understand the Glazers are entitled to take out dividends regardless of if they have debt or not? So why does this change anything? If United make profits then they are entitled to half of them, that is there right as the owners, just like the investors at Arsenal take out their dividends. Its business.
I hate the Glazers as much as the next bloke but they are entitled to their dividends regardless of whether they have a loan out or not. The PIKs or the PIKs replacement loan is nothing to do with the club.
04 Feb 2011 09:56:32
Manchester United Rumours
""Can anyone clear up if we do have a buy back clause in rossi contract and if so how much is it?hes been banging um in for villareal and I think would be a good signing!""
We have a clause but it's only a first dibs clause, there is no set fee involved. It's the same clause as the Shawcross clause.
04 Feb 2011 00:42:21
Manchester United Rumours
And you thought you could catch us out, here's to another significant increase on ticket prices boys
Love Malcolm. Read and Enjoy
Manchester United and the Glazers
The Glazers are up to more tricks, and the footballing authorities, as they have done for years now, just sit back and let corporate plunderers destroy what's left of the professional game in this country. Here's what the Glazers are up to now:
By Paul Kelso 8:40PM GMT 02 Feb 2011
Delaware is rated the most secretive financial location in the world, and the change means that it will be even harder for supporters and media to establish the implications of the club's corporate structure.
The most pressing issue concerning Manchester United's highly-mobilised fanbase is how the Glazers managed to clear £249.1 million of payment-in-kind (PIK) loans that had been incurring interest at more than 16 per cent before it was abruptly paid off in November last year.
Delaware's secrecy rules mean that the directors, officers and shareholders of the new company are unknown, as is the source of the money used to repay the PIKs.
The PIKs were controversial because they were secured against the Glazer family's shares in United's holding company, meaning that ultimately the club could have been passed to the hedge-fund lenders in the event of default.
The Glazers have declined to say how they paid off the PIK loans, and whether any debt incurred to do so is still secured against the family's shareholding in the club or related entities.
Financial analyst Andrew Green, who blogs on football finances as Andersred, said the move suggested the Glazers were trying to obscure the source.
"It is almost as if the Glazers are trying to keep information about the PIK repayment secret, " he wrote. "Naturally we can't ask the Glazers anything about this as they won't talk to the fans and their employees in M16 don't appear to know. In my view that is not how the biggest football club in the world should be managed."
US-based sources have suggested that the Glazers have taken a new loan at a cheaper rate to clear the PIKs rather than turning to third-party investors or using personal cash. It is unclear what security they have offered against the loans, and with United apparently their most valuable asset there remain concerns that the club revenues could still be required to service the loans.
According to UK regulatory filings lodged with Companies House the new Delaware company, Red Football LLC, now owns 100 per cent of the shares in the club's UK parent company Red Football Shareholder Limited (RFSL).
RFSL was the vehicle by which the PIKs were paid off, but is now hidden behind the new structure in Delaware.
Last November two new shares in RFSL were issued at a combined value of £249m. RFSL then bought two shares in its subsidiary Red Football Joint Venture, which owned the PIKs, and the money was used to pay off the loans.
Manchester United and the Glazer family declined to comment on the changes, but a spokesman said the Glazers remain the ultimate owners of the club.