₦airaland Forum

presido1:
When Arsenal won their last EPL coloured TV never reach Gambia

dayokanu:
Tevez cant be called expensive If we put Berbasuck at 30m into consideration and his goal return

biina:
There are currently only 8,000 executive seats  and you think they can add 20,000 more? 
You think no matter how much they charge, someone will always buy. They are already having difficulty selling existing ones (with 16% of corporate and executive tickets unsold as at September 30, 2009). You are just saying nonsense.

Whatever, the expansion is not happening this season.

I have not said it was a bad campaign but that it is unlikely they would be more successful than they were last season, as it requires them to win both the EPL and CL.

typical response after a false claim 

Increase in capacity? I think u meant increase in prices.
The question is how high can they increase the prices before hurting revenue. The demand for ManU tickets is not perfectly inelastic.

La liga has been independent in the recent decades. while EPL has been collective. Both do not offer a fair comparison for which is better, as they didnt try the other method. The Serie A switched between both and thus offers a better comparison. Still I

chic2pimp:
Gary cook and co have denied that they paid that much for tevez. As far as I am concerned, the british transfer record still stands @ £32m

presido1:
Haba Is emirati cup not trophy? I heard he wanna celebrate it(open roof top) around seven sisters next season If Spurs will allow them.

tkb417:
@loyiks
If our players could do it in a more prestigious and competitive game last season
Be rest assured, they'll replicate that feat next week

loyika:
Anyways, you are still a muppet for trying to give logic to Mick's selection!! He will only be justified if Wolves don't go down at the end of the season.

Besides the statements were for TKB and not for your Darkship  Hey!! Go take a dump , Jay Bees is sticking his tongue out!! .  Guess he is hungry or something.

We lost!! Shyte happens!!
To use your logic; if we beat Villa during the week, Arsene will be justified .

chic2pimp:
Man city did not pay £47m for tevez. The figure is just being vastly overexaggerated by the media.

loyika:
Sharon
How many timews have we told you not to let all thses your illegitimate children out on the loose DARK LORD!!

Do they bow to you as well
Jay Bee Do you kiss Sharon's ring Or lick his bum clean when he takes a dump!!

loyika:
It seem when you become a Manc supporter you get a free "I am Dumb" T-Shirt along with your membership pack

Wolves' decision to field a weaken team had consequences for 19 other teams in the league (which is based on points) Arsenal fielded a weakened team (No Excuse for the defeat) in a cup game HOW DOES THAT AFFECT ANYONE ELSE Or you think if Arsenal had won, other teams would have loved to get picked against Arsenal in the next round

Anyways being a Scummies comes with being "Foolish"

At Sharon

I really see tha Harmony among the United supporters, what with all the debts and Glazer bashing. I can imagine how MUTV will cope if United win nothing this season and have to flog Rooney to service their debt.
Arsenal lost to Stoke in the Cup!! We move on.

Tkb
When was the last time you beat us at the Emirates in the league mate Sunday can't come quick enough

tkb417:
@sauron
The annoyin thing is any season they go trophyless, they blame it on inexperience!!

When will the toads grow?

mike oscar:
I heard He actually had tears in his eyes after after the 3rd goal /
BTW how did he come by the name Prof, or is he really one?

ayusman16:
How come you are always nowhere to be found anything Man. United losses?

ayusman16:
Should that give you sleepless night?

ayusman16:
Can you remember what division is the team that sent Man. United packing from the FA Cup?

tkb417:
I can't wait to play these arses

loyika:
Sharon

Shut it If Stoke fans sang that, what were Leed fans singing Anyways lets see how you do against Citeh during the week.

Eastbay:
.Sauron,
We've been hearing the same story for God-knows-how long.Are you Sure Fabregas isnt 12?The team of the future that will never come.

Carlos Tevez and the philanthropic folk who own his "economic rights" constructed a myth around themselves that El Apache was pushed out of Old Trafford by Manchester United's coldness. In their version, Carlitos trudged across town to join Manchester City because the champions just weren't showing him enough love.

Gary Neville was right in spirit to assert that Tevez was "not worth £25m" but applied the wrong sum. City have yet to present a convincing denial of the revelation that Tevez actually cost them £47m, or £83m if you include a five-year contract at £140,000 a week. If the rebuttal comes from Garry Cook, the City chief executive who got his dates all mixed up over the approach to Roberto Mancini, that £47m figure is just going to sound more credible.

The £25m charge for Tevez's signature related only to his two-year loan deal with United. It wasn't his general transfer fee. In those two seasons in the red half of town he won a couple of Premier League titles and a Champions League medal, which enabled his owners to bump the price up. City are reliably reported to have paid £15m, plus two further lumps of £16m: or £47m in all.

United admit they pushed the negotiations to keep him "to the wire" but were influenced by a decline in his effectiveness in matches and on the training ground. His second season (five Premier League goals in 29 appearances) was much less impressive than his first (14 in 34 games). The coaching staff were giving him lower marks on the fields of Carrington. As the dénouement approached, Tevez's advisers were insisting they had not spoken to other clubs while United were being told that Chelsea and City had offered more to the consortium than the original £25.5m.

Neville thinks Tevez is over-priced and Tevez fires back that Sergeant Nev is an "idiot", a "boot-licker" and a tarado (slowpoke). Which accusation are you going to go with? The origin of the bitterness among some United players is their suspicion that Tevez acquiesced to a lucrative move to Eastlands while posing as a victim of lovelessness. "He's been disappointed at the way he's been treated," said Kia Joorabchian, the head of his entourage. Like United's fans, the players clocked those "Welcome to Manchester" billboards featuring Tevez in sky blue. Part jest, part provocation, the posters still come up in conversation most days around the two clubs.

As for the charge of being poor value, City's hot-streak scorer has struck against Arsenal, Chelsea and United this season and is on a crusade to kick his old club out of the Carling Cup. An expert once described him to me as a "busy fool", meaning that his industriousness sometimes lacked an outcome. Evidently he loves a grudge. But his general scoring record of one every three matches for United hardly entitled him to shoot up to fifth on the all-time list of highest transfer fees, behind Cristiano Ronaldo, Zinedine Zidane, Zlatan Ibrahimovic and Kaká. He's not in their class.

City's willingness to pay over the odds was legitimate gesture politics of the sort that brought Robinho to the club for £32.5m. The intention there was to break the British transfer record and scatter the herd. Nothing wrong with that, in football's twisted terms. You don't bring Chelsea and United down playing Uriah Heep. But the truth is that United had offered the full £25.5m to his owners when he announced it was all "too late" and framed his move to City as a matter of principle.

That's principle spelt "£140 grand a week": an estimated 75% pay rise. Alternatively, you could write it as £50m. Whoever the people are who own him, they bought those economic rights in 2004 for £14m. Tevez and Javier Mascherano were like two people blindfolded and cut loose in an alien metropolis when they were parked at West Ham pending a more lucrative arrangement. Mascherano found one at Liverpool and Tevez earned the syndicate an £8m loan fee for two seasons at United, before City's approach offered them a chance really to cash their chips.

Interesting dude, though, Tevez. Selling your soul to a speculator is bound to seem more attractive if you start out from Fuerte Apache, the notorious barrio near Buenos Aires. And Tevez could argue that it all worked out with his summer sashay across Manchester. Carlitos Way, they could call it. Even his yap-yap gesture at Neville was hardly offensive until he followed it up with his shoe-sucker or boot-licker crack on Argentinian radio.

"It was lack of respect for a compañero," Tevez complained of his former team-mate's original remark. Notice that it was a taunt based on money that set him off.

coded guy:
@ sauron
i dont know for d life of me why a club who has not won anything in 4/5 yrs would not be sacked. It has been said, only a madman will continue doing d same thing and expect a diff outcome. Atleast in Rafa's case he can be said to be threatened, but wenger, d chief culprit, d guy stand gidigban, no shaking. Him dey kampe.
Shame sef nor gree d guy resign.

biina:
How much room (if any) there is for ticket price increase is less dependent on the true price, and more on the fans willingness to pay for it. That margin will be put to test soon
Total matchday revenue last season from the 76K seats was £108.8m, and you are now claiming that 20K seats will generate 2x that amount    
More importantly is that stadium expansion is not an overnight business, and will take over a year to complete. United do not have that kind of money to tie down.

Well then lets see if you will win the EPL and CL, cos that is the only way this season is more successful than the last

which billionaire? please provide source to back up your claim.

Again, we will soon see how willing the fans are to stick with a further price increase.

They cant as the TV rights are owned by The Football Association Premier League Ltd. They will need the support of other clubs to do so, but unfortunately clubs like Chelsea support the collective rights. Also, while the collective right will pay the big clubs in the short term, the resulting widened disparity in finances will weaken the league and thus reduce the value of the individual rights in the future. The issue of individual vs collective media rights has been well researched, with good arguments on both sides. For example, Serie A tried the independent bargaining from 2007 but will be reverting back to collective TV rights this year. 

Eastbay:
sauron,
i still think he can make a difference on the left.It should be a weapon he could use for us if if could play on both wings like CR before him.I think it's a mental thing for him.I was pleased with his performance yesterday but it wasnt anything near the promise he showed 07/08.We hope he builds on it though

coded guy:
@ sauron,
Are u sure u r d first to break that news to them. I cud have sworn they knew dat from the onset. Ask a certain Dr kit.

HNIC:
see the scummies talking
At least we werent knocked out by a league 1 side

Eastbay:
Sauron,
i got to give it to you.You called it right about Nani playing out right.However I would like for him to replicate that form on a more consistent basis,especially down this stretch of crucial games.I think CONSISTENCY is his problem even though it would seem he's more comfortable on the right.

RuuDie:
Nobody is disputing Tevez's worth to UTD or how good a player he is. . . . but since y'all are dragging the issue too much - lets see how he fares with City and how UTD fare without him and then we can judge from there!

& for the records. UTD did offer the asking price for Carlito but he chose to go to City, so

Dr Kitaun:
@Chac
where went u when I called u to remind that Tevez was/is greater than Manure few days ago ? why are u just reporting for duty ?

how come this same Tevez under less-accomplished managers have done better than all your players this season ?

I reckon Tevez is higher in global rankings this season than Rooney . . .yes ?

Dr Kitaun:
Bookmarked against Wednesday the D DAY !!!

I remember how jumpy Jackal was about forcing it down our throats that Tevez was the best thing since toast bread and fried ojojo . . .that was the then that he now so despises . . .how fickle can a man get

~Borat~:
Ruudie you're a sock-sucking boot-licker. . .
Sharon you're a tarado. Tevez has spoken countless times on the pitch this season. Where else do you want him to speak? In your bed?

Dr Kitaun:
yeah rite !
why couldnt your bunch of obertans do the talking on away ground?

do u really think that your boys can out-do themselves by winning Citeh ?

abeg . . . just forget this one jare  Tevez might just about score another brace cos as long as Mancini doesnt replace him in all of 90 minutes like he foolishly did the last time, Rooney would be largely anonymous 

biina:
That is just pure misinformation. United were not paying 14%-16% on the loans.
manU debts prior to the Bonds were :
1. A £509.5m bank loan secured against the club's assets at about 5% above LIBOR which was equivalent to about 8.25% last year. The interest bill was £41.9m last year and this is the only loan the clubs has been servicing since the refinancing. These debts principal were due to be paid from 2013 to 2017.
2. A PiK loan of £202m at a rate of 14.25% (which will be increased to 16.25% by August if the debt/revenue ratio remain above 5x) and is due in 2017. The PiK loan is secured against the equity of the Glazers in ManU i.e. if they dont pay it, they will transfer control of the club to the edge funds. Under the loan structure, the bank loan above was the senior debt and the Glazers were not allowed to use money from the club to tackle the PiK loan and thus they havent paid up on it, but rather have been letting it rollover.

After the bonds:
1.£9.5m remaining from the bank loan as the money from the bonds have been used to pay off £500m from it. This is still at 5% above LIBOR rates but are expected to be cleared up in the coming weeks.
2. A £500m bonds at an interest rate of 9% giving a fixed annual interest bill of £45m (higher than that associated with the bank loan it replaced). The bonds are all due in 2017, though United can buy them back before then. The bonds, like the bank loan they replaced, are secured against the clubs assets.
3. The PiK loan of £202m which remains unchanged. What has changed is that with the bank loans now taken care of, the Glazers can now use money from the club to service their PiK loan essentially putting the PiK debt on the club. The PiK loan will attract an interest bill of £29m this year

In summary, after the issue of the bonds, the interest bill of the club is now £45m plus whatever the Glazers want to pay on the PiK loans. If they want to pay at least the interest on the PiK to stop it growing, the club will have to pay £74m total. The other detail is that the entire debt is still due by 2017.
United's revenue last year was £278.5 (which included about £40m upfront payment on the Aon sponsorship deal). The operating cost was £187.2 resulting in a profit before deductions of £91.3. United had deductions (depreciation and amortization) of £81.9m. This left a profit after deductions of £9.4m, which is all united would have had available for servicing the interest bill if they did not make a profit from player transfers. United made a profit of £80.7 on player transfers with £80 coming from selling CR.

United's revenue will likely take a big hit as they will not be getting anymore upfront payment from Aon and unless the fans are silly enough to pony up for exorbitant ticket prices, dont expect much in increased ticket prices too.

Stadium expansion will cost ManU over £100 million and I doubt they can afford such a long term investment, when they need more money on the short term.

Last year united won the EPL and Carling cup, got to the final of the UCL, and got to the semi-final of the FA cup. This year they are already out of the FA cup, almost out of the Carling cup, and are less favored to win the EPL or the UCL. It will be wishful thinking to expect ManU to be more succesful this season than they were last year.

Until you can name that Dubai billionaire, you shouldn't get your hopes high. Billionaires that buy clubs often buy them as toys and not as profitable ventures, which makes United's brand value less important than the cost of acquisition.  Liverpool are yet to find that dubai billionaire and united also will soon find out they are more scarce than it would seem. The Glazer are more likely to sell to investors from the far east than the middle east.

Most of these bonds were sold below the 9% united had to offer. The reason other club might not be able to raise £500m is mainly because they dont have the assets to secure it.
The Glazers have been increasing ticket prices, but face reduce sales, which means they are not far from zero marginal returns.Even if they get away with another increase, I doubt it would 'soar'.

The TV right have been sold up to 2013, and I doubt United can unilaterally pull out from it without huge financial and legal penalties.

Ibime:
Breaking News: Mubz has overtaken Galacticos!

The King is dead. Long live the King!!!

nateevs:
This brand thing is really getting in the way of simple figures.
There is one thing you all should know especially Chac.

The debt has not been paid off like you claim. The debt has only moved ownership.
The big question here is . . . Will there be interest payments on the bonds?

However, as the bonds are due in 7 years time. UTD will have to have sold one Ronaldo every season to make anything reasonable towards a payoff. As this is not feasible, one can only assume that Biina perception of "The postponement of doomsday" holds true.

This scenario is with the assumption that UTD doesn't pay interests on the bonds (I don't know about that) . . The safe scenario.
How bad then will things be if they do pay interests. . ?

The brand thing is simply getting in the way. Those who secured bonds have nothing to lose. . because their money is secured against UTD assets as I understand. That's the main reason why the bonds what successful . .

There is nothing however to suggest that ManU can pay off their debts except they sell assets. Until anything otherwise, the situation doesn't look good.