Not much good if the debt overwhelms the company after purchase.
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Didn't this used to be called 'embezzlement'?Originally posted by BlackenedBiker View PostAnd what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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You see my dear lefty friend I’m a bit of an olde worlde capitalist who believes the purpose of a business is to attract capital from those who provide it voluntarily (people who give loans or buy shares), then set out to work to gain returns on that capital for the people who have provided it by providing a service or product whose utility is of such value for customers that they will pay for it. Put simply, a man gets a loan and uses his savings to buy chip shop and stock up on cod and potatoes, then makes delicious fish and chips and sells them to people who want to eat and tell all their friends about the fine new fish and chip establishment, then uses the profits to pay off the loan with interest and give himself a return on his investment. Of course, someone else might be a shareholder (who also put his savings in), and that person also rightfully expects and shall receive a share of the returns. Everyone happy.Originally posted by BlackenedBiker View Post
But let’s say someone secures a mortgage on someone else’s chip shop and uses the money to buy that chip shop, then splits up the chip shop into ‘profit units’ like delivery moped, shop floor, kitchen, personnel and so on, pays himself a salary for doing so, then sells each ‘profit unit’ and cashes the money while the business goes bankrupt and the original lenders or shareholders (and of course employees) are left with nothing, then that person is a conman, a scoundrel and a cad. Or in common terms, a ‘private equity fund manager’.And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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It's quite impressive how Glazers have taken a debt free profiatble club and completely ****ed it over in such a short space of time. As for them doing a Leeds I think it may happen. As a United supporter I think it stinks how they have been put into the sh1t in this wayRule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.
I preferred version 1!Comment
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They knew even before the sale was agreed that this is what was going to happen. The debt was just going to be put on the club's books.Originally posted by TonyEnglish View PostComment
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SAF will be retiring very soon. Apart from being nearly 70, from next season he will need Uefa Pro Licence.
I wonder whether the retirement of SAF would make it harder for Man U to raise funds.
Cats are evil.Comment
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I believe coaches with over 10 years continuous top-flight management experience are exempt and/or awarded the title automatically. Ferguson is a strong supporter of these qualifications.Originally posted by swamp View PostSAF will be retiring very soon. Apart from being nearly 70, from next season he will need Uefa Pro Licence.
I wonder whether the retirement of SAF would make it harder for Man U to raise funds.
I'm pessimistic about United's medium to long-term viability.Comment
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The new Leeds.
Rooney's off to Barca for £70m to pay the 2010 interest bill. Berbatov will be off to Macc Town for a tenner.
Old Trafford will eventually be sold off to be turned into a huge Tesco.
At least it won't affect the Manchester based teams.
Guy Fawkes - "The last man to enter Parliament with honourable intentions."Comment
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Bear with me, I don't follow football but...
Manchester United? The club everyone hates because they have more supporters globally than any other team?
The club whose shirts every other boy wears?
The club who changed its strip during the year so the fans would buy extras shirts?
The club that has millions of fans in China?
The club that was doing spectacularly well?
How on earth can they possibly be making a loss?
My all-time favourite Dilbert cartoon, this is: BTW, a Dumpster is a brand of skip, I think.Comment
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