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Manchester United cuts debt costs |
Posted by: themarksquared - 24-05-2013, 04:53 PM - Forum: Man Utd News
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Good day, Red Devils.
We have some news regarding the club's debt costs. I'll be quoting only the important segments in article. Should you want to read the full article, here is the source.
Quote:Manchester United has struck a new loan deal to cut the amount of interest it pays on its huge debts.
Quote:The Premier League club, which is owned by the Glazer family, has refinanced £178m of outstanding debt, a move that should save it £10m a year.
Quote:It still has about £307m in debts, but has continued to enjoy on-field success under the Glazers, with five Premier League titles and one Champions League victory.
Quote:Its finances continue to be bolstered by TV revenues. In the 2012-13 season, it is reported to have made more than £60m - more than any other club.
Quote:Last year, the club paid about £50m in interest alone.
Quote:David Bick, chairman of Square1 consulting, told Radio 5 live that the deal meant Manchester United would now be paying off their debts "on more reasonable terms".
He said the club still had "a long way to go" in paying off its debts, but said the Glazers appeared to have made the most of the club's global presence, which has drawn revenue in from places such as East Asia.
"It's a massive global brand, they have extracted commercial income from all corners of the globe," he said.
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Sad News: Former United Star, Brian Greenhoff Dies |
Posted by: Noucamp99 - 23-05-2013, 11:51 AM - Forum: Man Utd History
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It was with sadness that I just read this sad news on the Sky Sports website:
Quote:Former Manchester United and England star Brian Greenhoff has died aged 60.
Greenhoff, who was born in Barnsley, joined United in 1968 and played in the same team as his brother Jimmy, who joined the club in 1976.
The central defender, capped 18 times for his country, scored 17 goals in 271 appearances for United and was part of the victorious FA Cup final team of 1977.
He joined Leeds United in 1979 but left when they were relegated three years later.
After brief spells in South Africa and Finland he returned to play for and coach Rochdale before calling time on his football career in 1983.
Manchester United said on their website:"Everyone at Manchester United is shocked and deeply saddened by the news. Our thoughts and prayers are with Brian's family at this difficult time."
Earlier a statement had been released to the Manchester Evening News by Greenhoff's family that said: "We regret to inform of Brian's passing this morning.
"Brian was a proud and much loved brother, husband of Maureen, father of Paul, Brian and Peter, grandfather to Jack, James and Harry and will be sorely missed by his family, who he made very proud in his distinguished life and career."
I remember listening on my radio to the United games in the 70s and being fascinated as a kid that brothers made it to play together at the same great side.
RIP Brian
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Manchester United 12/13 Season highlights |
Posted by: themarksquared - 22-05-2013, 01:37 PM - Forum: The Lounge
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<embed flashvars="file=http://www.youtube.com/watch?v=wpNaT8XwWbo&autostart=true" allowfullscreen="true" allowscripaccess="always" id="player1" name="player1" src="/vidplayer/player.swf" width="480" height="300" />
Check this out! Some guy on YouTube named theAntonAlfy made a video showing the highlights of Manchester United's 2012/2013 season. I, for one, find it very inspirational. You should watch it, too.
Congratulations to Manchester United for having one of the best seasons in the club's history. You deserve the trophy. Glory, glory Manchester United!
PS: I apologize if it's only just a link. I can't embed videos yet. Thanks!
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I never said them things: Manchester United's Wayne Rooney denies putting in official |
Posted by: themarksquared - 22-05-2013, 01:25 PM - Forum: Transfer Talk
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Good day, Red Devils.
One of the most controversial topics during off-season is the transfer season. Today, I have some news for you about the said topic, this time regarding Wayne Rooney.
Here is the source should you want to read the full article. I will only be quoting the important parts of the article.
Quote:Wayne Rooney fears he is being forced out of Manchester United and into exile as Paris Saint-Germain.
Rooney is adamant that he has NOT made an official transfer request, despite newly-retired manager Alex Ferguson publicly insisting that he HAD asked to leave the Old Trafford giants.
Quote:England striker Rooney had been hoping to start discussions about a new contract, yet United appear to be pulling the rug from under his feet - and that could force him out.
Quote:The Mirror understands that Ferguson had even explored using Rooney as bait in an incredible player-plus-cash swap deal to bring Manchester City keeper Joe Hart to Old Trafford.
Quote:Rooney has been left disappointed to see himself being accused of twice asking for a move in the past three years.
While he admits to having clear the air talks with Ferguson, as he sought assurances about his future, Rooney remains adamant that no formal transfer request was put in.
What do you think? Feel free to comment! Let's start a discussion!
GGMU!
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