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No Signings At United This Summer
Topic Started: May 19 2010, 07:47 PM (163 Views)
DaG
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Quote:
 
"There may be one signing but it's not easy in the present climate. The market is very difficult. The structure of our squad is good in terms of ages, the balance, the numbers and there's a lot of good young players."

lol, that reads exactly like a Wenger quote.
Edited by DaG, May 19 2010, 07:49 PM.
https://twitter.com/mediocentroEN
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I BOW TO RAIDZ
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living la vida loca
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he's an idiot if he thinks chelsea and the rest of europe will stand still. barca bought villa and maybe fabregas, madrid will buy big again, chelsea will get aguero + another big name and city will buy.

buying 1 player wont even win us the league next season, we need 3 top quality players if we are to even think about europe.
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DaG
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I don't think Chelsea are after Aguero tbh with Anelka signing a new deal. I think they'll go for Kaka or Ribery.
https://twitter.com/mediocentroEN
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erm307
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Great. Nothing for us next season then...
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MattyCantona
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I dont buy that story. United will and have to do big signings.

1. Teams like Chelsea, City etc are already looking at improving their squad for the next season. If we dont then we will be lucky to finish in the top four.

2. With all the glazer stuff and fans wondering if they should renew their season tickets, United need to bring in new star players to encourage us to renew, else i can see season tickets being sold at an all time low.




EDIT: Believe half of what you see
None of what you hear
-Jay-Z
Edited by MattyCantona, May 19 2010, 11:18 PM.
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Mr. LVG, this is Ed. Ed's the winner for our Key103 'Meet Van Gaal' competition.
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rollingstone
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MattyCantona
May 19 2010, 11:16 PM
Believe half of what you see
None of what you hear
-Jay-Z
:cheers:
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reebokmecca
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Steve Howard from The Sun;

Quote:
 
ALEX FERGUSON'S admission that Manchester United will make no major summer signings confirms their fans' worst fears.

That the club is starting to spiral out of financial control despite claims from the dreaded Glazers that all the sums add up.

Among the many questions asked by United supporters is: What's happened to the £80million the club received for Cristiano Ronaldo?

The answer became clearer this week when another snippet of hugely damaging news seeped out of Old Trafford.

It's vanished into thin air.

Or, more precisely, it's gone to pay off the extra interest required to fund the club's ruinous debt.

United fans will find it incomprehensible how the Glazers have taken out a repayment plan that will burden them with a minimum debt of over £1BILLION by the time they attempt to pay it off in 2017.

The bottom line is the £138million loan they took out in 2006.

Now if you or I took out a mortgage, we would generally pay it off over the course of its life. But the Glazers, in their wisdom, decided to pay off their loan at the end.

Incredibly, this means that, because of a hefty 14.25 per cent interest rate, the sum required to repay that £138m will have risen to a mind-boggling £588m by 2017.

But wait, it gets even worse.

After breaking fiscal rules governing the loan, the interest rate has now gone up another two per cent. Which means the total payback has increased to £662m.

The difference between £588m and £662m is £74m.

Or practically all of the Ronaldo transfer fee.

As Chris Kamara might say: "Unbelievable, Jeff!"

Financial advisors will claim this is an over-simplification.

But then they would say that as they are in the business of duping mugs into paying way over the odds.

If a mate landed himself with interest payments like this, we would tell them: "They must have seen you coming, pal."

And yet this is far from the end of the tale. The overall debt of the club is over £700m, including that original £138m loan that now, because of interest, stands at £200m.

Subtract £200m from £700m and you get £500m. Add that to the £662m the Glazers have to pay back in 2017 and total debts by then will be a minimum £1.1billion.

We are told that a club the size of United, with its massive revenue streams, could never go bust.

Yet in the USA, investment banks with 100 times the revenue of United went down the Swanee. And, nearer home, so did Lloyds and RBS.

The latest accounts of United's parent company - Red Football Joint Venture Ltd - revealed operating profits of £80m.

This was at a time when United reached the Champions League final and saw TV revenue increase by 50 per cent.

Yet that profit was decimated by interest repayments of £68.5m.

Take all this into consideration and it's little surprise the Red Knights, the cavalry charging to the rescue, are having second thoughts.

So where does it all end?

The United commercial department say they hope to put in place new deals in time to boost profits.

But there is only so much blood you can get out of this particular stone.

As for TV revenue - the remarkable cash cow that supports so many clubs - they, surely, cannot continue to rise? Especially with the Premier League product slowly being eroded by an exodus of star names to Spain.

United fans have every reason to be concerned.


:deepthought:

in honesty this bloke is usually 99% wrong about everything and anything football related.

but there is a 1% chance he could be right.
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THECRIMSONLEGACY
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Wrighty
May 19 2010, 07:47 PM
Quote:
 
"There may be one signing but it's not easy in the present climate. The market is very difficult. The structure of our squad is good in terms of ages, the balance, the numbers and there's a lot of good young players."

lol, that reads exactly like a Wenger quote.
I thought the very same thing when I saw the press conference.
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MrM
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Steve Howard is a cock
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I BOW TO RAIDZ
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if that article is true then the glazers have destroyed the biggest club in the world
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