Marc
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Registered: 11th Aug 02
Location: York
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http://news.bbc.co.uk/1/hi/business/10194568.stm
Red Knights 'to drop £1bn Man Utd bid
The Glazers are said to value the club at £1.5bn.
On Friday the club announced a cut in debt from £543.3m a year ago to £520.9m for the January to March period.
In Man Utd's quarterly financial results, the figures also showed net assets of £794.9m and a cash balance of £95.9m.
The Old Trafford club said that in the nine months to March, year-on-year revenues were up 13.5% from £193.3m to £219.3m.
However, losses for the quarter were up from £5.87m to £65.94m, mostly relating to various financing charges and costs.
They were also knocked out of the Champions League in the quarter finals, and have ended the season relatively unsuccessfully by their standards, winning only the League Cup.
Earlier this year the club launched a seven-year £538m bond that enabled them to refinance much of their more costly debt.
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Nath
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Registered: 3rd Apr 02
Location: MK
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mwg
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Registered: 19th Feb 04
Location: South Lakes
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As much as I dont agree with the debt they've got us in to I think its time to stop the protests at matches and get 100% behind the players instead.
They are in it for the long haul and thinking about it would the Red Knights been able to pay off this debt as well fund new players? If not we'd be no better off than we are now.
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Nath
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Registered: 3rd Apr 02
Location: MK
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Keith Harris is shady as fuck too.
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Marc
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Registered: 11th Aug 02
Location: York
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quote:
Originally posted by mwg
As much as I dont agree with the debt they've got us in to I think its time to stop the protests at matches and get 100% behind the players instead.
They are in it for the long haul and thinking about it would the Red Knights been able to pay off this debt as well fund new players? If not we'd be no better off than we are now.
Its like has been said in the media by David Gill, theres fans who are protesting, theres fans protesting but don't understand why. Then there are fans who are just interested in the football.
So far, I'm amongst the latter. Should things start to get really bad I may take it more seriously, I certainly won't start protesting, boycotting and even ceasing to support the club!
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Rick Draper
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Registered: 10th Feb 01
Location: Cheshire
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The GAY protests are becoming a joke TBH, even the legend keeper that is ben foster said so.
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Terry12
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Registered: 24th Sep 07
Location: Manchester
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quote:
Originally posted by Rick Draper
The GAY protests are becoming a joke TBH, even the legend keeper that is ben foster said so.
Least some fans care enough to protest, When your team struggles you jump ship and support someone else.
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Rick Draper
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Registered: 10th Feb 01
Location: Cheshire
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quote:
Originally posted by Terry12
quote:
Originally posted by Rick Draper
The GAY protests are becoming a joke TBH, even the legend keeper that is ben foster said so.
Least some fans care enough to protest, When your team struggles you jump ship and support someone else.
Yep, good call really.
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Rick Draper
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Registered: 10th Feb 01
Location: Cheshire
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Terry12
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Registered: 24th Sep 07
Location: Manchester
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It's good but I prefer this app.
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mwg
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Registered: 19th Feb 04
Location: South Lakes
User status: Offline
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PMSL
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Marc
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Registered: 11th Aug 02
Location: York
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LOLZ
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