Manchester United to be Qatari owned ??
Shock, Horror.... A respected publication in the UK has hinted that Man U may be sold and a Qatari consortium may be the buyers....
MANCHESTER UNITED have to pay back a staggering £1.1BILLION of debt in the next nine years.
And unless Malcolm Glazer and his family can refinance their borrowing or take drastic action, financial experts believe they are facing meltdown.
The controversial Americans could be forced to off-load top players, starting with Cristiano Ronaldo to Real Madrid.
Or they might have to sell the club to one of a number of potential new owners waiting in the wings. A Chinese consortium that was willing to pay £1billion for United two years ago is still interested while another group from Qatar is also watching developments at Old Trafford.
City analysts with connections to United fans' pressure groups have uncovered startling detail in accounts published this week by the club and its holding companies.
The Glazers will have to repay £75m in 2013, £150m in 2014, £150m in 2015, £150m in 2016 and a final payment of £600m in 2017.
The financial analyst told Sport of the World: "For the first time the accounts show the debt repayments that are due over the next nine years.
"The Glazers will obviously try to re- finance but that is not going to prove easy in the current global financial crisis.
"That could mean having to raise funds and could see the sale of players like Ronaldo against the wishes of the manager. Or they could sell the club for in excess of £1billion which would still give them a healthy profit."
United's finances are being monitored by supporters' action groups who have campaigned constantly since the Glazers paid over £800million for the club in 2005.
The bleak financial forecast contrasts sharply with United's trading figures. For 2007-08, the club's turnover increased to a record £256m to generate club profits of £66m - but these were wiped out by interest repayments on debts of £68.8m.
trusted Source : News of the World :)
Another 'biggest and best in the world' buisness basically bankrupt because it can't meet it debts and needs money from anywhere to survive.
I'm suprised the govrnment don't bail it out.
just eat another pie
double post my bad :D
what most united fans read in the news is how we are the richest club in the world, what litle know is that when the damned glazers bought the club, they put HUGE debts on it, what once was a debt free club, became a club that relies on winning trophies not for the glory but for paying of their debts.....that said, as long as the new owners have deep pockets, and they do not meddle with the clubs management as in the transfer policy is decided by the manager and the manager alone (ie roman abromovich and him deciding on who to buy, or the sheikhs seeking overpriced players in man city to prove some point they have) then i am fine with who ever owns the club...
to say
amen to the vengence thingy!!!!
Life is too short to think about the uneditable past and plan about the unpredictable future!!!!!
So take a chill pill
Relax, enjoy and savour the moment till u can and it lasts.
now i call that the second most creative piece of word art tonight!!!!
i have to biased and hand mine the first place!!!
but niceeee and appreciated!!!!
Life is too short to think about the uneditable past and plan about the unpredictable future!!!!!
So take a chill pill
Relax, enjoy and savour the moment till u can and it lasts.
You must be Beximus Liverpoolius, commander of the Armies of the North Lancashire, General of the Kopite Legions, loyal servant to the only true manager, Billus Shanklyus. And you will have your vengeance, in the league or the Champions Cup.
You sure know ur team !!!
i just thought about it as soon as i read the news and this is the picture i could draw up!!!
sounds awesum!!!
how about FROGIE in a head gear with just a red nose and chewing gum chopping jaw sticking out!!!!
gosh i need a cartoonist who is not a manu fan!!!!
this is gona be awesum!!!
Life is too short to think about the uneditable past and plan about the unpredictable future!!!!!
So take a chill pill
Relax, enjoy and savour the moment till u can and it lasts.
I understood you
"Deaths in the Bible. God - 2,270,365
not including the victims of Noah's flood, Sodom and Gomorrah, or the
many plagues, famines, fiery serpents, etc because no specific numbers
were given. Satan - 10."
He's talking about the theatre ofDreams, Ronaldo and Rooney - if I read him right..
You make no sense at all.Thanks for being nice.
Since half of anything owne by qatar has to be filled by QATARIs (as with VODAFONE and Qatar foundation)
that wud b awesum
me being a TRUE RED cant wait YALLA YALLA at the theatre of nightmares and the gelled TUMBLER nodding his head at it and PASSING the ball to the owner backd QATARI player and Looney toon fuming at the latest clear miss by the qatari after he had passed to him rounding off the keeper and leaving him with an empty goal but the QATARI passes up the chance coz he had to adjust his head gear first before taking the SHOT!!!!
hilariously awesum scenario!!!
i need a cartoonist to draw this!!!!
pleaseeee!!!!
Life is too short to think about the uneditable past and plan about the unpredictable future!!!!!
So take a chill pill
Relax, enjoy and savour the moment till u can and it lasts.
it would make great sense. Why would they not? If you were going to take over one of the best teams in the world, you would take over Man Utd.Thanks for being nice.
Who needs STC when Qatar Airways or RasGas can be major sponsors..
Fergie and Gas would probably be a good combination..
does that mean that players would need NOCs to transfer to other clubs?
adey - STC in Saudi are already United's Telecom partner!
the 100 million bid for Kaka and bid 200 million for Messi....
Q-Tel being the shirt sponsor!
"Deaths in the Bible. God - 2,270,365
not including the victims of Noah's flood, Sodom and Gomorrah, or the
many plagues, famines, fiery serpents, etc because no specific numbers
were given. Satan - 10."
Agree.. It will be a great coup for the Qatar.. Games played at the "Doha Stadium of Light" could be beamed accross the world by Al-Jazzerah..
Qatar wants publicity and craves acknowledgment. Yes buying Man U will cost them a lot of money but it will also give them masses of publicity. It also puts them in direct competition with a certain Abu Dhabi but with Utd they start off in a much better competitive position...
The Glazers need the cash and probably were hoping to refinance later on better terms, then the credit crunchy hit and life was not so easy....
trusted source News of the Worlds...lol
Anyway Qatari owner..Not sure, they would'nt know where Manchester is?..lol Coz they never get beyond Park Lane in London..lol
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HE WHO DARES WINS