₦airaland Forum

@edoyad
U dey crase o.
Lol

so much ado over nothn

debosky:
sharrap! The league nonsense affected me this week - my games got cancelled and vital players crocked at crucial moments.

lol, so na only you?

my men on NL

happy birthday mehn!

whts crackin tonite?


40boi? where is the party at?

make we jam for town

you guys shd have a blast

RuuDie:
In terms of the raw amount of debt, we are in a bad way, but serious business people compare the level of debt to the value of the club. I don't think the debt as a percentage of UTD's value is as bad as it is painted.

Mint!!!!!!!!!!!

the 500million bond was snapped up in a week!

who are the fools?
the buyers? No

UTD is defintely a green buck for any would be investor
debt ridden or not


lets wait for Biinas days of gloom to manifest b4 we kill ourselves

as it is now, no wahala

debosky:
Still recuperating after a lengthy absence, played wide as a winger and not as a striker, with Arshavin leading the line.

I maintain, no recognised striker.

whos biz is it if u send asharvin to lead the line instead of Eduardo

is Eduardo a striker? Yes

A smart investor weighs the risk-reward ratio and looks at the cash flow of the investment vehicle. Football is becoming less and less of a profitable venture, and a look at the balance sheet of united buttresses this, as operating profit before amortization was £90m. Successful clubs are not selling clubs, and one should not expect ManU making much profits like this years £80m from player transfers (was £22m in 2008, £11m in 2007 and £12m in 2006). So very soon, you will have a club whose cash flow cannot service its debt. So any prospective buyer would have to pay off a substantial part of the debts to make the investment workable (otherwise he will be flushing money down the drain in a club he doesn't really own). All these were with ManU having record success in recent years, same will not be repeated in the near future.As if that wasn't bad enough, failure on the pitch and/or departure of SAF will further reduce revenue and goodwill, and its obvious that the more time united stay on this path, the closer they get to financial collapse.

lol so what are u saying?
a smart investor would look at the risk-reward ratio

tell me of any club who is more profitable than UTD?
the last time i checked, UTD's cashflow was supposed to be backed with a CDO to raise cash b4 going for this bond thingy
ol boi lets wait till SAF leaves or we stop winning, then we can now see if we'll become Leeds UTD

You are wrong. In exchange for increased interest payments, the bonds are being used primarily to buy time (the current debt capital are due from 2013) and to restructure the debt so that they can use funds from the club to tackle the 14.25% PiK loan which they cannot do under the current terms. A 3rd factor is that the bonds will be a fixed interests of no less than 8.5% (probably about 9%), while the current bank loans (which are the senior loans) are at about 8% currently but being fixed margin from libor makes them variable. One can argue either way for fixed v variable but only time will tell. With the bonds, ManU will be paying more than the 42m they paid last year

i agree with this; in essence buying time for the first capital repayment is to free up funds for the club b4 the first lump sum payment due in 2013
thts ma point. Under the present scenario, interest payment would hinder SAFs plan for the team

and why is deboksy sliding into oblivion?

Tevez is a tarado raise to power 2

it used to be Arsenal

only God knows where those Chelsea fans came from

4-5 years ago, you wont see them anywhere but now

its up chelski everywhere

its followed closely by Arsenal and i think the reason why the Arses are not that vocal is cos of their barren state
when they win a title, all those fake gunners in hiding will start showing their faces again

UTD come after those 2

i can count the number of Pool fans in Nigeria

hmm
i think im winning this AFCON fantasy league

Jaybee is sliding down and i can see Borat and A-40 pulling stuffs

im 3rd in Nigeria and if not for all my players that didnt play, i should be number 1 in Nigeria by now

lets see , lets see

Rooney must score at least 2 goals tmr

wanna move to 6th or 7th after tmrs game in the FPL

I think the mini league solves the riddle then

@Ruudie
I don't believe in luck or stuffs like that
I believe in who sabi play. Egypt will beat Cameroon in this tourney

No sir!
Judging from what I've seen the 2 sides play in this competition, the Egyptians shouldn't fear

The Cameroonians should be very afraid

But why should Only CAF knows how Zambia and Cameroon qualified and who came tops?

That has never happened in any WC or any UEFA competition!!
What kinda org is CAF. Even Kalusha had to call them to ask who came tops

Hilarious

Let's even use Goals scored to pick Cameroon and Zambia

How on earth will Zambia now come tops when head to head will favour Cameroon

Our football affairs in Africa is governed by confuzzled souls

Its a no brainer, Hayatou is a bleeding Arrow!!

Goals scored and against and difference for Zambia and Cameroon are the same

So how did Zambia come tops?
Are these CAF people confused?
Why didn't Mali qualify then?

I think we are playing Cameroon.
CAF stupid head to head will make them top the group.

Nigeria vs Cameroon
Interesting!

lol
blind optimism call it anythn

if i can get you clearly, what ure saying is
> UTDs debt are spiralling out of control- Yes and No

Yes, in the sense that the bond is another debt instrument which adds to the existing debt/backlog interest payments

No, in the sense that the bond is being engineered to actually reduce the interest payments and free up funds for the team

Oga, if uve not been following the trend of events in footie world then na u sabi. The arabs are out there to launder their cash and oh yeah footie especially England is the best place for that to happen. lest i forget, who told you the arabs are only interested in the mid size clubs?
the only reason why the midsize clubs come handy is because of their cost of acquisition and relatively little or no ambition if you compare them with the top clubs in europe ( a club with lil or no ambition will not offer any resistance to a take over- West ham is an example)

fyi, Roman wanted Manchester United b4 but shying away from making steps to acquire it cos of the perceived inherent hostile atmosphere the investment in UTD would bring

lets assume a debt ridden Manchester United would not be attractive to smart money holders, lemme point it to you that a suave and smart invester who has got the cash would prefer a debt ridden manchester united whose enterprise value is zero to a midsize club whose pedigree in the footie world is zero.

a debt ridden UTD would be a hotcake for any sane human being & the brand UTD cannot be bought

a club with an edifice like OT, a club with the largest fan base in the world, a club with money making machies spread across the globe would be worth every arab penny

good we agreed on one thing- the Glazers would sell when the right time and the right buyers come

Syenite:
Your first degree is like a steping stone towards achieving your set targets in life. Simply put if you graduate with a 2:2 or less you have started badly.

case closed!!!

lemme add this, you work harder to erase the bad start

woye77:
Super Eagles coach Shaibu Amodu has said that the Indomitable Lions of Cameroun do not scare him if both teams meet in the next round of the Africa Nations Cup.

Speaking after the Eagles‘ 3-0 victory over Mozambique on Wednesday, Amodu said he would prefer to review the match again before thinking of any other opponent in the quarterfinals.

He said, ”Cameroun in the quarterfinals? That‘s no problem but I want to savour this victory first, go over the match again before focusing on the next opponents.”

Amodu said [b]the victory was not just a flash in the pan but one that was pre-conceived, stressing that his criticisms do not bother him.

He said, ”We would have played safe and drawn the match and still qualified. But we needed to test our work and see how we can win with big margin. Many people have criticised me but it only makes me work more. Even if I win the World Cup, Nigerians will still have things to say about me.”[/b]Meanwhile, Osaze Odemwingie has prised his teammates for Nigeria‘s qualification for the quarterfinals

He said, ”We played as a team and better than before. I scored twice and I am happy but I could not have done it if the team had played badly. I am satisfied with our performance , our focus will now be on the quarterfinals.”

na the first time wey i dey hear say coach dey test to win big be this
na friendly match be this?
amodu don kolo

when they start enforcing

carry placards to alausa or better still seal up the property

werrin concern agbero with overload

calyx:
@Poster

Please help us post the law as it affects the un-sitting-yet tenants. Thanks

lol
the law that covers the sitting tenant will be applicable to the un-sitting-yet tenants

chosen04:
Called regulation? In a de-regulated economy?

are u serious?

de-regulated economy?

tell me the name of the company that supplies u power in the country

and de-regulation means what?

throwing a wild party for capitalists? no frameworks by the govt to ensure sanity?

is that what de-regulation means? No sir!

Otobroto:
You need not rest your case, because it is very obvious that, many of such laws never saw the light of day!.

gimme one of such laws

i hope lastma people in lagos havent arrested u b4

or lets put it this way, try taking a one-way and lets see if ur anti-govt pranks/disposition will save u frm an arrest

Fhemmmy:
How do they plan to enforce it.
There is still something called Demand and Supply.

and their something called regulation

Fhemmmy:
Very soon, i am sure that it is the Tenant that will take the govt to court, when there is no house for them to rent.

are u for real?
so the landlord prefers his house empty?

dayokanu:
Abeg who paired me with Chamotex?

Dem wan make I kill person or dem wan turn me to tkb who promotes murder??

Abeg make people come carry Chamo corpse o

who dey promote murder?

hope no be ma own tkb sha

who be this? wormedup

are you still on planet earth?

hapi nu year man

of course, when we all carry placard to carrignton and ask dem to sell to a saudi prince, they'll respond

besides, if the yearly interest payment cannot guarantee marquee signings anymore then the handwriting will be on the wall for them to fck off

lets see as it pans out but as of today, no crisis yet