we had Beckham left. Van Nistelrooy left. Ronaldo left. to some extend (and to please some of you here) Tevez left.

talisman leaving before? yes. Man Utd falter? not a chance.

to summarize things up...jz tell me whether Man Utd going to sell WAYNE?

to summarize things up...jz tell me whether Man Utd going to sell WAYNE?

Unless Sir Alex or David Gill is on this forum else NO ONE know the answer so don't expect anyone to answer that.

+1 dude 
1. The debt is big. But a large chunk of it's been controlled by the bonds. The club is more than capable of repaying interest on those bonds and the due date for the principal debt of those bonds aren't due till 2017, where, probably it will be refinanced again. The PIKs are the big worry for the short term, but we have to remember that the PIKs are secured against the Glazers. Not United. And the amount of money the Glazers can take out of United per season, has been capped by the bond issue as well. So there is a buffer. After seeing that the Glazers bought up some of the PIKs on the cheap as well as seeing United's superior cash flow, it's manageable. At least for now.

2. We need to differentiate a real cash flow loss vs a paper loss. The loss reported by the papers is a paper loss. This loss came about due to huge amortizations and depreciations on a lot of big ticket items as well as a lot of one off expenses. In terms of real money coming in and out, United have what is called, an operational profit. Meaning operational revenue > operational cost. As a matter of fact, EBITDA is up to 100 million pounds. This also explains, despite record accounting losses, United's cash balance last year vs this year is still roughly the same. United have 160 million pounds cash in bank for operational cash flow, as well as player purchases.

You have to take into account the fact that a lot of the reported losses come from amortizations, such as goodwill, unrealised losses from foreign exchange, as well as one off expenses such as the termination of swap deals.

You can read up more about it, here.

That's why I say my concern is not in the next 3 - 5 years. It's more along the lines of 10 - 17 years from now. Things get murkier due to the fact that we don't know whether United's success can be maintained, thus at least maintaining the revenue.

Unless Sir Alex or David Gill is on this forum else NO ONE know the answer so don't expect anyone to answer that.

like this dio sianz liao.....

why are you so eager that United sell Rooney anyway?

sell or not sell!!manchester united still manchester united!!!and we will still support manchester united!!

pinjam qoute politician
MU - dulu kini & selamanya

(donno how to translate in english - got cangkul in spm)

i'm not sure about the debt, but i know Glazer isn't that stupid to plan this debt in short term

u have to see the cash flow statement to justify their cash flow problem, from what David Gill said, we have 160m cash on hand, shouldn't be a problem for short term

I agree. I never said they have a cash flow problem. I even pointed out they have a healthy EBITDA and 160 million pounds cash in hand. The Glazers aren't stupid. Which is why I'm sure they'll do all that they can to expand Man United and strengthen it so that it can have the same brand power as Real and Barca. These clubs will survive a switch in managers because their brand is so good that all the best talents want to try their luck with it, no matter the league position.

However, as with all businesses, there will always be risk. For a heavily leveraged business like Man United, the risk is even higher. The Glazers will very damn well try. Whether they succeed is another matter altogether.

VDS

Rafael, Rio, Vida, Evra

Nani, Scholes, Carrick, Giggs

Berbatov, Rooney

I'm hoping for this

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Added on October 16, 2010, 9:07 pmVDS; Rafael, Rio, Vidic, Evra; Nani, Carrick, Scholes, Anderson; Berbatov, Hernandez

VDS, Rafa, Evra, Vidic, Rio. Anderson, Carrick, Nani, Giggs. Berba, Chicha

Subs: Rooney, Smalling, Scholes, O'Shea, Macheda, Gibson, Kuszczak.