Masa depan MU suram? (diskusi)

[alphasierra]

Success for Manchester United as Glazers raise £504m from bond issue

• No shortage of investors for MU finance bond
• Seven-year scheme gives owners breathing space


Manchester United today successfully completed their controversial refinancing as expected, raising £504m that will be partly used to repay the onerous hedge fund loans taken out by the Glazer family to buy the club.

It is understood that the bond issue, which has provoked a furious backlash from some fans as it laid bare a business model that has saddled the club and their owners with debts of £716.6m, was twice over-subscribed.

The success of the MU Finance bond issue, combined with the fact that the interest (yield) that must be paid on it was within the hoped for range of the five banks that managed it, suggests that the club's argument that they could continue to grow revenues, invest in the squad and meet debt repayments was accepted by investors.

The Manchester United chief executive, David Gill, has over the past fortnight led a global roadshow across Asia, Europe and the US to sell the idea to investors, arguing that the club's iconic brand and global commercial potential made them a safe bet despite the large debt they are carrying.

While some traditional funds were unable to touch the bond because it was unrated, and some fund managers argued the club's debt made it too risky at the price, the issue was still oversubscribed by a factor of two.

The money has been raised in two tranches – £250m at 8.75% and $425m at 8.375%. It will be used to pay off the £509.5m that United owe to four banks at an interest rate of just over 5%.

The seven-year scheme will give the Glazers further breathing space to pay back the money they loaned to buy Manchester United and, crucially, allow them to use money from the club's cash flow to service their high interest £202m "payment in kind" debt that has been secured on their shareholding in it. The original loans had already reached £202m and were rolling up at 14.25% a year, a rate due to increase to 16.25% this summer.

But, although the Glazers will now be able to reduce their own onerous hedge fund loans, it leaves the club carrying a debt that must be repaid at a higher interest rate over a longer term.

The small print of the 322-page bond prospectus circulated to shareholders last week provided for the Glazers to channel up to £127m, including a one-off payment of £70m out of money raised from matchday income, TV contracts, sponsorship deals and transfer fees, to their parent company in the first year.

Supporters were also alarmed at provisions that will allow the Glazers' parent company to take control of the Carrington training ground and sell it on a lease-back basis as well as the fact that much of the revenue raised by the club was being used to service debt. Accounts for the Glazers' parent company show that, even allowing for a profit of £80.7m on player transfers, the parent company made a profit of only £6.4m due to the need to service debts.

The details of the bond issue have angered fans' groups who say it proves the extent to which the Glazers have taken money out of a profitable club simply to pay for their purchase. Six family members have taken £10m in loans at preferential rates and the bond issue makes provision for £9m a year in fees and management costs.

Some fund managers had said a double-digit return would have been more in keeping with the risk profile but it is believed the club's strong brand, a buoyant market for new issues and the fact that some of the hedge funds involved had already invested in the club's debt helped the Glazers and Manchester United executives get the scheme away.

http://www.guardian.co.uk/football/2010/jan/22/manchester-united-glazer-bond-scheme-success

=====

hmmm ...

[Balthazar]

^^ Wah itu sama saja artinya dg memperpanjang nafas hingga 7 tahun ke depan, namun memasuki tahun ke delapan maka beban yg harus ditanggung akan menjadi amat sangat lebih besar........

[Dark]

Originally Posted by Balthazar

^^ Wah itu sama saja artinya dg memperpanjang nafas hingga 7 tahun ke depan, namun memasuki tahun ke delapan maka beban yg harus ditanggung akan menjadi amat sangat lebih besar........

menutup lobang dengan menggali lobang lain...

[pampam]

Originally Posted by alphasierra

Success for Manchester United as Glazers raise £504m from bond issue

• No shortage of investors for MU finance bond
• Seven-year scheme gives owners breathing space


Manchester United today successfully completed their controversial refinancing as expected, raising £504m that will be partly used to repay the onerous hedge fund loans taken out by the Glazer family to buy the club.

It is understood that the bond issue, which has provoked a furious backlash from some fans as it laid bare a business model that has saddled the club and their owners with debts of £716.6m, was twice over-subscribed.

The success of the MU Finance bond issue, combined with the fact that the interest (yield) that must be paid on it was within the hoped for range of the five banks that managed it, suggests that the club's argument that they could continue to grow revenues, invest in the squad and meet debt repayments was accepted by investors.

The Manchester United chief executive, David Gill, has over the past fortnight led a global roadshow across Asia, Europe and the US to sell the idea to investors, arguing that the club's iconic brand and global commercial potential made them a safe bet despite the large debt they are carrying.

While some traditional funds were unable to touch the bond because it was unrated, and some fund managers argued the club's debt made it too risky at the price, the issue was still oversubscribed by a factor of two.

The money has been raised in two tranches – £250m at 8.75% and $425m at 8.375%. It will be used to pay off the £509.5m that United owe to four banks at an interest rate of just over 5%.

The seven-year scheme will give the Glazers further breathing space to pay back the money they loaned to buy Manchester United and, crucially, allow them to use money from the club's cash flow to service their high interest £202m "payment in kind" debt that has been secured on their shareholding in it. The original loans had already reached £202m and were rolling up at 14.25% a year, a rate due to increase to 16.25% this summer.

But, although the Glazers will now be able to reduce their own onerous hedge fund loans, it leaves the club carrying a debt that must be repaid at a higher interest rate over a longer term.

The small print of the 322-page bond prospectus circulated to shareholders last week provided for the Glazers to channel up to £127m, including a one-off payment of £70m out of money raised from matchday income, TV contracts, sponsorship deals and transfer fees, to their parent company in the first year.

Supporters were also alarmed at provisions that will allow the Glazers' parent company to take control of the Carrington training ground and sell it on a lease-back basis as well as the fact that much of the revenue raised by the club was being used to service debt. Accounts for the Glazers' parent company show that, even allowing for a profit of £80.7m on player transfers, the parent company made a profit of only £6.4m due to the need to service debts.

The details of the bond issue have angered fans' groups who say it proves the extent to which the Glazers have taken money out of a profitable club simply to pay for their purchase. Six family members have taken £10m in loans at preferential rates and the bond issue makes provision for £9m a year in fees and management costs.

Some fund managers had said a double-digit return would have been more in keeping with the risk profile but it is believed the club's strong brand, a buoyant market for new issues and the fact that some of the hedge funds involved had already invested in the club's debt helped the Glazers and Manchester United executives get the scheme away.

http://www.guardian.co.uk/football/2010/jan/22/manchester-united-glazer-bond-scheme-success

=====

hmmm ...

Originally Posted by Dark

menutup lobang dengan menggali lobang lain...

seperti yg udh gw duga sebelum nya....ternyata Glazer benar2 seorang pebisnis....

[fazza]

Originally Posted by pampam

seperti yg udh gw duga sebelum nya....ternyata Glazer benar2 seorang pebisnis....

Yup,, memang sedari awal bukan kah sangat terlihat bahwa Glazers mengambil alih United semata-mata untuk faktor Bisnis... Keberanian mereka dalam melangkah dengan berhutang juga dapat menunjukkan bahwa mereka merupakan pebisnis yang sangat berani mengambil resiko...

Bahkan bukan tidak mungkin mereka (Glazers) telah memperkirakan bahwa hal ini akan terjadi di kemudian hari (saat mereka mengambil alih United)

Originally Posted by Dark

menutup lobang dengan menggali lobang lain...

Iya,, Gali Lobang... Tutup Lobang... Cuma lobang-nya semakin lama semakin dalam... Karena tanah yang seharus-nya untuk menutup lobang itu justru dipake untuk membuat Gunung sendiri...

[Balthazar]

Fergie statement

We Must Remain Loyal to the Cause of MUFC

On Saturday supporters demonstrated outside Old Trafford before the 4-0 Premier League victory over Hull City that saw United regain top spot in the standings. Fans were chanting "Glazers Out" even after Wayne Rooney opened the scoring.


United manager Alex Ferguson used his programme notes to appeal for unity in the face of the financial pressures facing the club and the opposition from fans to the Glazers.


"The family of Manchester United is under pressure as a result of all the issues and controversies surrounding the ownership and financial situation of our club that have been stirred up in the media," Ferguson wrote.


"Everyone is entitled to their opinion and to express their disapproval if they don't like what they see around them, just as it has always been the right of fans to let it be known if they are not happy with the way their team are playing.


"I'm not slow to express disapproval myself if there is something I don't agree with, even in the boardroom with the directors, but once I walk out of the meeting I get on with my job as manager of the team."


Ferguson recognised there was discontent among some fans but stressed the importance of maintaining focus.
"Some of our fans are clearly unhappy with the financial position but we mustn't allow the situation to become divisive," Ferguson added.


"The danger... is that we could be presented as being split, which would be harmful and inaccurate because I believe the vast majority of United fans are behind us and appreciate the importance of standing together in support of the team.


"I could see our opponents rubbing their hands with glee at the thought of watching us fall out among ourselves if we don't all think carefully about what we are doing.

"We must not lose our focus, which from where I stand is about building a strong football team that will win trophies. That's what we are about, or at least should be."


Reuters

http://uk.eurosport.yahoo.com/24012010/58/premier-league-bond-issue-costs-united-54m.html

Fergie mendukung sepenuhnya Glazers?....

atau hanya berusaha mendinginkan suasana dg bersikap moderat?...

[igha_cr7]

mnurut gw sh gampang aja..
tinggal datengin pemain sebutuhnya kyk sekarang..
trus lebih manfaatin reserve aja biar hemat..
ato ngga cari pemain brazil murah lagi, kayak si kembar da silva...

buat masalah benzema, emang dia gila harta kali, tp buat ljajic, mungkin emang 10 juta pound trlalu gede, padahal little kaka, harusnya brkorban dikit, ato buang aja anderson, ganti ljajic!!

buat masalah utang, itu harus lunas 2017,
jadi ya slow aja...
lagian, apa para jutawan dunia tega ngeliat tim kita bakal degradasi karna g punya duit, pasti ada yg ngurus.. hahaha
lagian yg bawa utang kan si keluarga bangsat glazer, jadi kalo dia jual, ya brarti kita bergantung ma pemilik setelahnya...

pokoknya, doakan MU slalu jadi yg trbaik!!
AMIIIN!!!

GLORY MAN RED!!!

[fazza]

Originally Posted by igha_cr7

mnurut gw sh gampang aja..
tinggal datengin pemain sebutuhnya kyk sekarang..
trus lebih manfaatin reserve aja biar hemat..
ato ngga cari pemain brazil murah lagi, kayak si kembar da silva...

buat masalah benzema, emang dia gila harta kali, tp buat ljajic, mungkin emang 10 juta pound trlalu gede, padahal little kaka, harusnya brkorban dikit, ato buang aja anderson, ganti ljajic!!

buat masalah utang, itu harus lunas 2017,
jadi ya slow aja...
lagian, apa para jutawan dunia tega ngeliat tim kita bakal degradasi karna g punya duit, pasti ada yg ngurus.. hahaha
lagian yg bawa utang kan si keluarga bangsat glazer, jadi kalo dia jual, ya brarti kita bergantung ma pemilik setelahnya...

pokoknya, doakan MU slalu jadi yg trbaik!!
AMIIIN!!!

GLORY MAN RED!!!

Wuih,, gw suka semangat lo langsung post disini... Tapi kenalan dulu ya...

disini :

Salam Kenal (Klik)

* dan usahakan menghindari kata-kata umpatan (walau kita memang kesal)
** postingan lu cukup menarik tuk di counter,, tapi kita lanjut diskusi-nya nanti setelah lo kenalan...

[Sloid]

Originally Posted by Balthazar

Fergie statement

We Must Remain Loyal to the Cause of MUFC

On Saturday supporters demonstrated outside Old Trafford before the 4-0 Premier League victory over Hull City that saw United regain top spot in the standings. Fans were chanting "Glazers Out" even after Wayne Rooney opened the scoring.


United manager Alex Ferguson used his programme notes to appeal for unity in the face of the financial pressures facing the club and the opposition from fans to the Glazers.


"The family of Manchester United is under pressure as a result of all the issues and controversies surrounding the ownership and financial situation of our club that have been stirred up in the media," Ferguson wrote.


"Everyone is entitled to their opinion and to express their disapproval if they don't like what they see around them, just as it has always been the right of fans to let it be known if they are not happy with the way their team are playing.


"I'm not slow to express disapproval myself if there is something I don't agree with, even in the boardroom with the directors, but once I walk out of the meeting I get on with my job as manager of the team."


Ferguson recognised there was discontent among some fans but stressed the importance of maintaining focus.
"Some of our fans are clearly unhappy with the financial position but we mustn't allow the situation to become divisive," Ferguson added.


"The danger... is that we could be presented as being split, which would be harmful and inaccurate because I believe the vast majority of United fans are behind us and appreciate the importance of standing together in support of the team.


"I could see our opponents rubbing their hands with glee at the thought of watching us fall out among ourselves if we don't all think carefully about what we are doing.

"We must not lose our focus, which from where I stand is about building a strong football team that will win trophies. That's what we are about, or at least should be."


Reuters

http://uk.eurosport.yahoo.com/24012010/58/premier-league-bond-issue-costs-united-54m.html

Fergie mendukung sepenuhnya Glazers?....

atau hanya berusaha mendinginkan suasana dg bersikap moderat?...

NGGAK..

Sederhananya yg Fergie bilang:

"Silakan protes ke Glazer, tapi tetep 100% mendukung tim, jangan melakukan sesuatu yg "membahayakan" tim.."

Don't worry Sir, that's exactly what we are doing...

[Balthazar]

Glazer sepertinya melakukan pendekatan dg cara2 yg cukup REPRESIF dalam menghentikan laju Green and Gold campaign protest :

Repost dari postingan bung Anggot berikut : http://www.indomanutd.org/showpost.p...7&postcount=52

Disgraceful BBC censor United fans green and gold protests :

For the entire 90 minutes chants of “LOVE UNITED HATE GLAZER” and “WE WANT GLAZER OUT” were sung by dedicated fans waving their green and gold scarves in protest at the spiralling debts the Glazer’s have placed on the club.

Yet anyone watching Match of the Day last night wouldn’t have heard this at all.

Sky’s Football First program showed highlights of the match and you could hear the chants loud and clear and they showed images of the fans waving their green and gold scarves. But the Match of the Day highlights appeared to be completely edited to get rid of all traces of the protests. There were no audible chants and no visible green and gold scarves.

An institution such as the BBC, paid for by the fans(TV license holders), is supposed to be 100% neutral and this act of censorship is a blatant contradiction of everything the BBC claims to represent.

They might be able to censor us on Match of the Day, but they won’t be able to censor us at Wembley in 3 weeks time for the Carling Cup final against Villa. So bring your green and gold scarves, t-shirts, hats and flags and be sure to make your voice heard.

http://www.strettyender.com/disgraceful-bbc-censor-united-fans-green-gold-protests

dan juga dari berita terbaru yg ini :

Club’s Not So Subtle Hint – No Green & Gold Banners In Milan

Club’s Not So Subtle Hint – No Green & Gold Banners In Milan

The Manchester United website launched a not so subtle warning ahead of our away leg against AC Milan next week. With protests being lined up for both games against the Italians, our club are clearly in a panic over what might happen.


As not to be embarrassed in front of the eyes of the world, the club has informed our fans that they are wasting their time in planning any green and gold flags for the San Siro.


“Flags not in club colours may not be allowed into the San Siro.”

http://therepublikofmancunia.com/clubs-not-so-subtle-hint-no-green-gold-banners-in-milan/

atau lebih lengkapnya ada himbauan RESMI dari klub sendiri :

http://www.manutd.com/default.sps?pagegid={48C41513-A376-4D1F-981D-660FC5BB193E}&redirectorid=news_story&newsid=6646191

.....

daripada pusing mikirin protes nya para fans, kenapa juga ndak malah mikirin hal yg LEBIH KRUSIAL seperti bagaimana melunasi hutang dan membuat neraca klub menjadi lebih sehat?...