RuneEdge
Silent Assassin
- 1 October 2003
- Manchester United
Re: Manchester United Supporters Thread.
There's a lot of possible explanations and it doesnt have to be as complicated as you're making it out to be. I personally still dont like the idea but IMO it's not as bad as you think it is.
I guess it is too much to ask for, especially with the recession and everything. If I was asked to contribute about £500 of my own money for nothing but to keep the club alive, I'd do it without thinking (providing you could guarantee that the money wouldnt go to waste). I just assumed more fans would be as generous but I guess thats not being realistic.forget it mate.... it's 716 millions overdraft we're talking about here (and more than 1 billion to get the whole club)... maybe, if man utd fans were 1\6 of the entire world population u could do something about it....
lazio fan tried that in 2004 (before lotito's rescue). lazio had about 2 millions fans all around the world those days.... sure they're probably a lot less than united fans...... but then again, their debt was much smaller than united's one aswell (it was 250 millions euros, wich is about 225 millions pounds).... and it was also much easier for them to help their club than it would be for u. lazio was a listed company so they could buy shares directly (instead of buying merchandising products, wich is a way more abstract process)......yet it didn't work.
there's really not much fans can do in theese kind of situations, sadly. just wait and hope for the best.![]()
I understand what you're saying but these things are obviously considered before the Red Knights were "formed" and the proposal was made. Obviously no one is gonna contribute £20million without knowing where they stand in terms of where and when they'll get a return on their investment. These people claim to be United supporters. Maybe they just see it as a personal expense like buying an expensive house or car, without caring too much on how they'll get their money back. Kinda like how Chelsea and Man City's owners just threw money into the club almost for personal entertainment. Football clubs seem to be the new toy for rich people to play with so I wouldnt be surprised if this was the case. Or maybe not all of the Red Knights are long term investers but just lending the money temporarily to help their fellow millionaires, who would then pull out once they've been paid off.mate it's way more complicated than this..... and investing +1 billions euros on a company which as 716 millions debt (that's the figure i heard) doesn't sound like a great idea..... it could never sound like a great idea.... no matter how we put it, this is a huge loss... the best outlook is to hope for a return on investment in, say, 5, 6 years..... it's hard to imagine a worse way to invest your money. and mate, being a millionaire doesn't mean u don't care about profits... quite the opposite actually.
that's why i said it must be a group and it must be an english group.... not because a group would turn this into a great idea..... it would still be a terrible idea, from a financial perspective...... but at least it would be possible (while it's pretty much impossible for a single billionaire to get persuaded to close such a deal).
the loss would be distributed over many people.....obviously so would the incomes (so, from a financial point of view, this would still be a terrible move). but since the loss would be less substantial, some motives (other than business) might actually persuade some people to get involved (getting world wide exposure, or contributing to saving the club you love, things like that)...... but as i said, that wouldn't make this deal a great idea... at all. it would just make it possible. but possible doesn't mean easy..... i mean, finding a group of people who are willing to inject such a huge ammount of cash.... to wait years for a return on the investment.... to share the lead with other 30, 40, 50 billionaire........ that's really not easy.
so if theese people are serious, that's your best chance to survive.... and u're already lucky u got this chance.
There's a lot of possible explanations and it doesnt have to be as complicated as you're making it out to be. I personally still dont like the idea but IMO it's not as bad as you think it is.
I know what "profits" mean. What I'm saying is that the Glazers have bought the club on borrowed money. The Red Knights wont be buying the club on borrowed money, so first of all they wont be paying any kind of interest on a loan. Secondly, the money is coming out of their own pocket so they arent gonna be looking for a return ASAP like a bank would, cuz I'm assuming these people could take a £20million hit if they're as rich as I think they are. So that reduces our outflow by quite a lot whilst still maintaining our high income that we've always had. I dont see how that doesnt make us profitable.well "profits" equals to incomes minus outflow (expenses, contracts, taxes, amortation, interests over debts).... so even though u're still making a lot of money that doesn't make u a profitable company coz your outflow is more substantial than your incomes.
i can't be 100% sure of that, of course, coz i don't have access to united's balance sheet, but i heard that this season, without the departure of ronaldo, united would have been reporting a loss of over 30 millions pounds...