Rae4685 wrote:Can someone explain how they can make record profits of £100 mil at the same time as making record losses of £81 mil??? Probably simple but I don't get it
Socrates wrote:Under UEFA rules they would be nowhere near qualifying.
Socrates wrote:Operating Profit(or loss) is measured before taxation, amortisation, interest and finance costs are taken into account. It is a useful measure of the state of the core business. The costs of capital, investment and taxation (if any) are then deducted to give the headline profit(or loss). When you are heavily in debt, it is perfectly possible for the interest payments to turn an operating profit into an overall loss.
Under UEFA rules they would be nowhere near qualifying. They can strip out fixed asset depreciation and academy costs (interim period I think amortisation can be discounted too) but those amounts cannot possibly be £80m as they have spent relatively little on players in recent years - if that is the declared loss (holding company loss would actually take it to 100m if that figure is that correct?)
Beefymcfc wrote:Fuck me, Sky don't half confuse things! Have United made an overall loss of 80 mil or have they made a profit of 100 mil minus 80 mil which makes a 20 mil profit?
And why is it that they only owe 522 mil now, I thought they'd got 500 mil worth of bonds on top of the 700 mil they already owed?
I'm sure I know but they do make it difficult for the poor public.
ronk wrote:Beefymcfc wrote:Fuck me, Sky don't half confuse things! Have United made an overall loss of 80 mil or have they made a profit of 100 mil minus 80 mil which makes a 20 mil profit?
And why is it that they only owe 522 mil now, I thought they'd got 500 mil worth of bonds on top of the 700 mil they already owed?
I'm sure I know but they do make it difficult for the poor public.
What we're seeing is that United are looking like they won't be able to dig themselves out. Despite everything working for them in terms of revenue increases, reduced spending on wages and higher operating profits they're still sinking.
They lost £83.6m pre-tax. About £68m of that was one-off charges related to the bond issue.
Scum have about £160m in the bank at the moment. Much of that is likely to get drawn down to help the Glazers pay off (some of) their £225m personal debt which they're paying credit card interest rates on (16.25%) and making no payments.
Beefymcfc wrote:ronk wrote:Beefymcfc wrote:Fuck me, Sky don't half confuse things! Have United made an overall loss of 80 mil or have they made a profit of 100 mil minus 80 mil which makes a 20 mil profit?
And why is it that they only owe 522 mil now, I thought they'd got 500 mil worth of bonds on top of the 700 mil they already owed?
I'm sure I know but they do make it difficult for the poor public.
What we're seeing is that United are looking like they won't be able to dig themselves out. Despite everything working for them in terms of revenue increases, reduced spending on wages and higher operating profits they're still sinking.
They lost £83.6m pre-tax. About £68m of that was one-off charges related to the bond issue.
Scum have about £160m in the bank at the moment. Much of that is likely to get drawn down to help the Glazers pay off (some of) their £225m personal debt which they're paying credit card interest rates on (16.25%) and making no payments.
Thought that was the case, but do you know what their overall debt is? I was under the impression that they owed approx 720 mil which included the 225 mil PiKs. They then went on to creat the Bond Scheme for a further 500 mil which was to be repaid in 7 years.
So, do they now owe 500 mil (+dividend) on the bonds as well as the 720 mil (PiKs and loans) previously reported, or is it just a flat rate 522 mil, or 522 bonds plus 225 PiKs now?
It's a strange one isn't it as I'd have thought they'd have paid off the previous bank debt with the issued bonds.
ronk wrote:Beefymcfc wrote:ronk wrote:Beefymcfc wrote:Fuck me, Sky don't half confuse things! Have United made an overall loss of 80 mil or have they made a profit of 100 mil minus 80 mil which makes a 20 mil profit?
And why is it that they only owe 522 mil now, I thought they'd got 500 mil worth of bonds on top of the 700 mil they already owed?
I'm sure I know but they do make it difficult for the poor public.
What we're seeing is that United are looking like they won't be able to dig themselves out. Despite everything working for them in terms of revenue increases, reduced spending on wages and higher operating profits they're still sinking.
They lost £83.6m pre-tax. About £68m of that was one-off charges related to the bond issue.
Scum have about £160m in the bank at the moment. Much of that is likely to get drawn down to help the Glazers pay off (some of) their £225m personal debt which they're paying credit card interest rates on (16.25%) and making no payments.
Thought that was the case, but do you know what their overall debt is? I was under the impression that they owed approx 720 mil which included the 225 mil PiKs. They then went on to creat the Bond Scheme for a further 500 mil which was to be repaid in 7 years.
So, do they now owe 500 mil (+dividend) on the bonds as well as the 720 mil (PiKs and loans) previously reported, or is it just a flat rate 522 mil, or 522 bonds plus 225 PiKs now?
It's a strange one isn't it as I'd have thought they'd have paid off the previous bank debt with the issued bonds.
£521.7m club debt (now mostly in bond form) + £225ish PiK debt.
£750m is a nice round number.
john@staustell wrote:Socrates wrote:Under UEFA rules they would be nowhere near qualifying.
Somehow I dont expect the press to mention that little problem in every Scum story from hereon in, like they do with us.
patrickblue wrote:john@staustell wrote:Socrates wrote:Under UEFA rules they would be nowhere near qualifying.
Somehow I dont expect the press to mention that little problem in every Scum story from hereon in, like they do with us.
I'm sure they'll make an exception for the scum. Like a bit of Fergie time until they get it sorted.
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