Manchester United bond issue suffers from lack of support

[Squiggles]

[quote author=SaintGeorge67 link=topic=38789.msg1049084#msg1049084 date=1265293417]
It seems like an easy target to identify from a B-52 or something similar, with minimal chance of civilian casualties.
[/quote]

What's the proverb, 'do not use a cannon to kill a mosquito'?

In which case why use a bomb to destroy a rat infestation?

 

[Jürgen4PM]

Nick Leeson's views:

Across Manchester, United are straining under the heavy burden of their £716.5m debt, and Leeson admits that the club’s recent bond issue to raise £500m should set alarm bells ringing.

He said: “We dealt with bonds at Barings in Singapore and they are all well-and-good for raising funds, but they are really only a measure that forestalls the inevitable.

“Virtually everything that United generate goes towards servicing the interest on the debt and the situation they are now in is no surprise based on the Glazers’ business plan.

“There was something fishy about it right from the start and all they have done is raised even more debt. They aren’t dyed in the wool United supporters, so what is their motivation?

“If the fans stop buying season tickets and the income streams begin to slow, then the Glazers will have to go back to basics and look at their wage structure, but that will not be easy.â

 

[Y1]

I am sure there will be more suckers out there willing to buy more bonds to finance the Mancs

 

[Avmenon]

Is he still in securities?

Cripes.

 

[manwithnoname]

Next week, Rose West discusses modern parenting techniques

 

[Rosco]

[quote author=Rafa4PM link=topic=38789.msg1049092#msg1049092 date=1265293988]
Nick Leeson's views:

Across Manchester, United are straining under the heavy burden of their £716.5m debt, and Leeson admits that the club’s recent bond issue to raise £500m should set alarm bells ringing.

He said: “We dealt with bonds at Barings in Singapore and they are all well-and-good for raising funds, but they are really only a measure that forestalls the inevitable.

“Virtually everything that United generate goes towards servicing the interest on the debt and the situation they are now in is no surprise based on the Glazers’ business plan.

“There was something fishy about it right from the start and all they have done is raised even more debt. They aren’t dyed in the wool United supporters, so what is their motivation?

“If the fans stop buying season tickets and the income streams begin to slow, then the Glazers will have to go back to basics and look at their wage structure, but that will not be easy.â€

[/quote]

And if anybody knows anything about collapsing a company, Nick Leeson does.

 

[Rosco]

[quote author=themn link=topic=38789.msg1048899#msg1048899 date=1265278501]
*waits for Rosco*
[/quote]

Y1 has it spot on.

 

[themn]

[quote author=Rosco link=topic=38789.msg1049168#msg1049168 date=1265308780]
[quote author=themn link=topic=38789.msg1048899#msg1048899 date=1265278501]
*waits for Rosco*
[/quote]

Y1 has it spot on.


[/quote]

*reads Y1's posts*









*waits for Rosco*

 

[Sunny]

[quote author=Brendan link=topic=38789.msg1049166#msg1049166 date=1265308289]
Next week, Rose West discusses modern parenting techniques
[/quote]


Hahahaha. I was thinking along those lines.

 

[the count]

[quote author=Sunny link=topic=38789.msg1049194#msg1049194 date=1265315264]
[quote author=Brendan link=topic=38789.msg1049166#msg1049166 date=1265308289]
Next week, Rose West discusses modern parenting techniques
[/quote]


Hahahaha. I was thinking along those lines.
[/quote]

Followed by a guest appearence on "Gardners world"

 

[themn]

[quote author=the count link=topic=38789.msg1049199#msg1049199 date=1265315808]
[quote author=Sunny link=topic=38789.msg1049194#msg1049194 date=1265315264]
[quote author=Brendan link=topic=38789.msg1049166#msg1049166 date=1265308289]
Next week, Rose West discusses modern parenting techniques
[/quote]


Hahahaha. I was thinking along those lines.
[/quote]

Followed by a guest appearence on "Gardners world"
[/quote]

PAOW !

 

[Farkmaster]

God, he has the finances to live in my dream house, he get's half way there by building it underground with grass on top, but where's the circular door, where's my fucking hobbit house?

 

[Boozer]

[quote author=Farkmaster link=topic=38789.msg1049202#msg1049202 date=1265316103]
God, he has the finances to live in my dream house, he get's half way there by building it underground with grass on top, but where's the circular door, where's my fucking hobbit house?
[/quote]

Nearly 3 hrs and Themn still hasn't posted a picture of hobbits fucking.

 

[themn]

[quote author=Boozer link=topic=38789.msg1049269#msg1049269 date=1265325581]
[quote author=Farkmaster link=topic=38789.msg1049202#msg1049202 date=1265316103]
God, he has the finances to live in my dream house, he get's half way there by building it underground with grass on top, but where's the circular door, where's my fucking hobbit house?
[/quote]

Nearly 3 hrs and Themn still hasn't posted a picture of hobbits fucking.
[/quote]

And I can't now !

Cheers.