The FA have today announced that Rio Ferdinand has been charged for comments he made on Twitter in reference to Ashley Cole, who gave evidence in defence of John Terry in his trial following allegations of racism towards Rio’s brother, Anton.
“The allegation is that the player acted in a way which was improper and/or brought the game into disrepute by making comments which included a reference to ethnic origin and/or colour and/or race.”
The term “choc ice” is referring to someone who betrays their race, being “black” on the outside and “white” on the inside.
Rio’s parents were in court, tutting and shaking their heads when Cole claimed to be a friend of the Ferdinand family.
It’s hard to see how Rio laughing at the comment of someone else is “bringing the game in to disrepute” but that doesn’t change the fact it was ridiculously stupid for our defender to say anything.
With Evans and Smalling injured, and Vidic battling to come back from an injury that has seen him out of action since December, we may now have to go to Goodison Park without Rio too. It’s hard for justify players keeping their Twitter accounts when their stupidity on their could cost their team points.
Man Utd News 24/7
8 months – just like last time.
White on the inside and black on the outside?
Just like the drugs test. Rio stupid. FA ridiculously harsh.
SAF, get him off of twitter now!
For annoying bloke who sits at the bar and talks about everything they have never done, read Twitter.
Anyways, he’ll get a fine at most. Not a cat in hell’s chance he’ll get a ban Scott.
What ever happened to freedom of speech, not that Rio has done anything wrong in my opinion.
What ever next ,the milky bar kid or the Ginger bread man
About time Fergie bans all these players using Twitter messages. Will probably be banned for some lazy comment on the internet.
Ferdinand has been a fantastic players for almost 10 years now, and I will always regard him as one of our best defenders ever on the pitch. However off the pitch hes been a right dick trying to keep some bad boy image up and the amount of times hes been slated for it he should have learnt by his age!!
As a senior player and ex-club captain hes setting a bad example for the younger players and giving Fergie a unnecessary headache, and tbh pissing off fans like me and probably his own team mates.
With him not getting any younger and talent breaking through is his time coming to a end where even Fergie may think its worth cashing in on him? Not so much for the money but for the progression of Evans, Smalling, and maybe even Jones not to mention the young defenders in reserve.
Rio shouldn’t have responded to that choc ice stuff. And what baffles me most is that ashley cole and his lawyer said they will not pursue any legal damage but it was them who indirectly reported it to the FA
I really wonder how they decide to charge someone? Where is the line drawn here?
are they seriously plannin to ban him for this??
a fine would suit well.. but it is United.. we are the ones who get made example of
Rio showed his frustration and he is right but he should be careful of choosing the right word. And I agree with many this twitter shit should be banned, Enough of this crap. But I owuld be surprised if he gets banned. Maybe a fine will do. Its so amazing that cunt terry is roaming free and now the question is against our Player. Fuck you Hippocrates FA
Rio needs to reel it in on Twitter, last thing we need is a ban.
@Alom
Totally agree mate, as usual the FA will make a example of him and Terry gets the last laugh!
Marq @ `6:39: “I really wonder how they decide to charge someone?”
Probably seen as “even-handed justice” for charging EBJT.
Let’s see if the FA charges Anton for “provoking” EBJT.
I reckon that Rio gave himself no defence – like Kanchelskis said @ 16:22, he’s been a very silly boy off the pitch.
Ashley cole to man united = No chance
Macheda was fined for making homobic comments on twitter so I don’t see why Rio would get anything harsher? £15,000 fine and a stern word. He was wrong to have commented on an oviously racial slur particularly during the current climate! What will piss me off though is immediately after Rio receives his fine Terry will probably get nothing!
It’s really quite amazing. You call someone a black cunt to their face and that charge gets swept under the rug by the FA until its convenient timing for a trial, but laughing at a twitter post? CHARGE HIM INSTANTLY. Can we charge the FA for racism plz?
Calling people coloured is not allowed, this is worse. Freedom of speech went years ago, sadly.
In my mind, let people say what they want and then you can see the bigots are and avoid them. Words are meaningless, it’s the context of how they are used is what carries the meaning. This was a joke IMO and no harm done.
Rio deserves the charge, because people need to judged by the same standards. It’s the standards that need to change. The FA are just doing their job and need to be seen to treat everyone the same.
Arsenal fan Carlton E. Banks celebrates getting one of our players into trouble:
http://thechive.files.wordpress.com/2011/07/carlton-dance_o_gifsoup-com.gif?w=320&h=239
Mufcmyreligion.
What? Fuckin what?
It’s generally a reaction of a man who was devastated with e result of trial. Rio had a bad summer. Lost e title to e bitters in such bitterly fashion, dropped from England and the bizzarre verdict which involves his brother. From what I see, it’s merely a tongue in cheek comment on cashley.
Bad boy image? I reckon you have not been reading bout the man. The contributions he made to society, the belief he brought to football with racism n diving cunts. So pls jog along now. All Rio needs is lotsa support coming out from the fans. Not some cheap comment bout shipping him off. Let the young boys learn from this man on e field.
He wasn’t involved in the case so should not have made any remarks.Suck it up Rio and learn.
I’m glad United fans have on the whole agreed that Rio should be dealt with on this matter. Liverpool blogs would be awash with “choc ice” is a term used as a mark of respect in west London and besides, he wasn’t laughing at that comment he was laughing at a previous tweet because he used a comma!! If it were one of their players!
Not condoning wat Rio did, but someone from the FA needs to come out & clarify the rules.
On a side note, notice how many of us agree Rio did something wrong? How big a difference are we to those blindly defending Suarez & Terry. Good job guys
FAO ZIBBIE:
Alex Morgan @alexmorgan13
“First purchase here in Manchester… Wearing it to Old Trafford for our walk through, gotta represent!”
http://p.twimg.com/AzD-TPBCcAEfhki.jpg:large
We will be getting 25 million a year in chevrolet shirt deal. Twitter says so. If it is true i will be fucking pissed. Just 25 million a year. We are manchester unite dammit. If I am not wrong arent the aon paying 40 millions per year.
Good point, Ash. I’m sure Dickie Arnold knows what he’s doing though. He’s the George Clooney of commercial directors.
This whole saga is fucking stupid. I read the guidelines about the use of twitter and they aren’t clear at all.
Players don’t go down the boozer as much and hang out with the fans like Best and the entire Bobby Moore FC team. Twitter is the place to do it.
We don’t want them on twitter and yet whine when they don’t mingle with supporters. I can tell you one or two things about one of our players that makes Rio’s twitter escapades look saintlike in comparison. In this instance he should never have retweeted that but probably did because Cashley was looking out for himself than the greater good.
How does this “choc ice ” thing work? Should I report my cousin to the police for calling me Bounty? So you can be racist towards your own? Fucking ludicrous.
The only reason this has been deemed racist is so the pigs can throw more ethnic people to the courts under racist charges because the fact is with recent actions man with white skin has come out looking quite bad.
M19ke
Spot on mate. With a lot of people getting into trouble due to making remarks on FB and Twitter, Rio needs to learn. What offends one person might not offend 10 others, it only takes one to make a complaint and you’re fucked. A fine and a slap on the wrist should be enough but with the FA’s history on Utd and our playing staff I wouldn’t be surprised if he gets a ban.
Totally agree. I think Rio should by now realize that different rules apply to United players when compared with the rest of the league. He should’ve realized that last season after what happened to Sir Alex and Rooney. The fact that he still chose to say something like that knowing there will be consequences means he should take responsibility for his actions.
However, what are the odds of a player from any other team being charged for their actions like that. Zilch. F.A. always make an example of United players and this time is going to be no different. A hefty fine I would think and maybe a 2 or 3 game ban just to rub the salt into the wounds.
Fred, Mamma mia! Best United fan ever. Period.
Well I may be wrong but if the FA have set a precedent by fining Macheda £15,000 for his homophobic comments on twitter, surely only the same can be applied to Rio. Anything else would suggest racist comments are deemed more offensive than homophobic comments?!
@mikekelly – When has precedent mattered when it comes to United players? As for racist comments being deemed more offensive than homophobic comments is a can of worms.
Kiko Mac wasn’t even gay-bashing, he wrote “gays “instead of “guys” or something. It was a typo/spelling mistake.
See? Even I make the odd typo. “Gays” instead of “guys”.
NRD
Hi mate. I can see what you’re saying and maybe I’m taking this out of context. But I work in houses where People from the Indian continent live, they work in the horse racing industry. The Indain, Pakistani and Bangladeshi grooms hate each other with passion and regulary get together for a punch up. I’m not so sure its fair to suggest its only people with white skin that are racist. Or did you?
I ask you as a poster who gets on with you very well.
The choc ice term was between two black people and I was led to believe its a slang term for a black man that is deemed to have betrayed his race or in other words black on the outside white on the inside.
Just to back Jimmy21 up, even though I personally am not offended by Rio’s use of “choc ice” or “bounty”, it could very easily be argued that the terms are insulting to white people.
Ash – That was 40 million dollars a year or 20 million pounds that we’re getting from Aon. Now, its ~50 million dollars or 25 million pounds. 20% increase in 2-3 years, fair enough I’d say!
Great point Atin. What do you have to say to that, Ash?
Fred
I can point out that I also wasn’t offended by it. I’d never actually heard the term to be fair.
I’ll say it again, a back up cb won’t go amiss. I have a dread feeling about our center back options.fact is we have no idea what kind of form vidic will be in.
http://seekingalpha.com/article/762181-ipo-watch-what-to-expect-from-manchester-united?
Nice artice about our IPO. We should remain positive. Mattbw7 should read this.
Off topic, fellas – Check out another great video from Aditya
http://youtu.be/wY4i80q5ZVA
Fantastic work….enjoy!
Atin- If thats the case then good work but I heard AON were paying 40 million pounds.
Oh dear, I see another of Britain’s great medal hopes, Tom Daley, flopped in the diving event!
Never liked that little brat. I wonder if he threw a tantrum and blamed his partner again, like in 2008.
ash – a poisonous toad does not change his spots.
@james21 – From my experiences mate it does seem that way. Of course white people aren’t the only ones who are racist. I am surprised that whole punch up thing still happens as often as it does. It got heated in Stoke and I probably should have been killed but it wasn’t like anything you described.
From my point of view it does seem that for years some white people have spouted out racist shite for years and when it becomes a national issue then they think its bad. However they seem to go out their way to try and drop people with ethnicities into it to somewhat make up for the forefathers bigotry. By that I don’t mean the cunt who calls me p”ki because I’m walking down the street hand in hand with a white woman, I’m talking about the cunts who subtly do it.
Unfortunately these types hold powerful positions. One of my old jobs as a teenager, manager used to say Good Morning to the staff he saw when he came in and shake their hands, I got a grunt as did a couple of the other Asian lads. How can you prove that in a tribunal? It might mean nothing but the first time I put my hand out to him he left me hanging looking like a cunt, furthermore never got an early shift until he left because of a promotion which was about 8 months later!! One of the lads complained. Guess what happened? He wasn’t working there much longer, because we were “overstaffed.”
These are the types I’m on about. They get found out and then try and say we’re exactly the same. What is it exactly. I’m not having a pop at you, but we welcomed into our countries whether it be the continent of Africa or India (which is now Pakistan as well after the British played us off each other and we’re still at war), and some bigots still treat as 2nd class when we’re in England. Why? Its this type of scum I’t
I don’t get it. From my point of view it seems white people can do 1000 atrocities, and Rio retweets something and all fucking hell breaks loose and he’s now being compared to Terry!!! What the fuck? Not even a comaprison. There’s a house in Ilford which had the word P*ki spray painted on the side wall. I first saw it in 2001 and it was only removed last year, the owner of the property wouldn’t remove it to prove a point. I’m not sure if the council sorted it or he sold the house, that says it all. This was in one of the better parts of Ilford as well.
This choc ice thing, Cashley did betray black people I don’t for a single minute believe what he said in court. The guy has no scruples look at his personal life, he left l’arse (a club he supported as a boy) for more money and he did it behind their back like he did Cheryl.
So the choc ice term doesn’t get used anymore. Another word will come up to desrcibe him. What if he was called turncoat? Is that racist. I get called Bounty from time to time simply because I’m not a huge fan of Bhangra music and the fact I’d rather eat pasta than Indian food. Do I find it offensive? A little. Do I find it racist? Hell Fucking No.
There’s no chance Rio will shut down his twitter account, he’s too much of a narcissist. He’s been a brilliant servant for United and he does come across as a half decent bloke, but fuck me is he a plonker at the same time!
Stupid Rio.Close down your fucking Twitter.
I am all for players getting charged for (supposedly insulting) comments they make on the pitch. If Rio said this to Cole’s face and that led to a brawl during a game, the charge would be justified. Just like it was for Terry and Suarez. But this is pisstake. More of the politically correct bullshit that’s starting to make me wonder if Gestapo is still around.
Got charged for a retweet. Dear Lord…
he should not have said anything. He was exposing a CON and a LIAR so I advice that he accepts the charge and moves on unlike some twats in merseyside who will rename unnamed.
Atin
You are right buddy our deal with aon was 20 million pounds and now with chevrolet it is 25 million pounds eventhough the exact amount is still not disclosed but the deal could be 28 millions also. With this we have surpassed the sponsorship deal of barca and bayern. So apologize for my wrong information.
http://www.telegraph.co.uk/sport/football/teams/manchester-united/9438661/Manchester-United-sign-seven-year-25m-a-year-shirt-sponsorship-deal-with-US-carmaker-Chevrolet.html
I think Rio got what he deserved, he didn’t have to respond to the idiot. Being called a choc ice is the same as being called a cocanut and an Uncle Tom it is very disrespectful. If someone called me that I would be livid, Rio knew what he was doing when he replied with his tweet. At least he will be more careful on twitter, to be honest I don’t mind Rio’s tweets he comes across quite well and loves a bit of banter. I don’t think the FA are picking on United, Frimpong recently got a fine for using an offensive word on Twitter, quite a few get in trouble with the FA. I have no problem with players being on Twitter it’s their business as long they do not use it negatively.
16 month ban
Sell him sign Heskey to get in defence
Get in!
Eye is doing things – seems by doing things it’s getting better – have no bloody idea what’s going down only that I’m okay and in need of something though can’t quite put my finger on it
Crazy days
19
Anyone for a Chevrolet then?
Speaking of Chevies, I’d much prefer it if we were sponsored by the Wagon Queen Family Truckster, but that’s just me.
GOOD EVENING EVERYONE
SAO PAULO FC HAVE COMPLETED THE SIGNING OF ADMELISON 18 YR OLD ATTACKING MIDFIELDER . REPLACEMENT FOR MOURA MAYBE. HIS PARENTS ARE APPARENTLY IN MANCHESTER. hopefully we can wrap this one up
@ ash
Barca only get £23 million a year for their shirt sponsor and that was the world record before we signed this deal. Real’ is £22 million, so it’s a tidy deal for us, plus I’ve heard it’s closer to £28 million a year and there’s add ons for success.
@ ash
Sorry didn’t read your later post pal!!
Long time no see, Gee. You still loving our wonderful owners?
In all seriousness though it was a stupid thing by Rio to say and he knows it
However it is not as serious as calling a player a fucking black bastard/cunt etc etc though it is what it is – when you open your mouth and say such a thing their is no going back – you must accept the consequences no matter how irrelevant the consequences
But here is the funny bit
The incompetent FA do not do fuck all to JT for the best part of the season and everything is left in the air to be resolved by other’s.
The FA may have hauled Suarez but they couldn’t stop Liverpool from acting like idiots and hauling them in for their insincerity – something which I find incredible – it had to take action from Manchester United’s part to stop the bullshit
Rio gets done for laughing at a tweet am I assuming or did he write it? In any case should have known better – because at United we expect better from our players especially those that are older and experienced.
Stupidity has it’s own sword to fall on – I guess some things are learnt the hard way
19
Oh and the other funny bit as mentioned is that Ashley Cole doesn’t want Rio to be in the docks for such a tweet
Excellent! at the hearing I’m thinking Rio’s first and only witness will be Ashley Cole and according to the news he’ll be a United player anyway.
MG, I don’t want that choc ice anywhere near OT.
NRD
No worries mate.
The thing is, without going into this too deeply, Women have also suffered this kind of treatment that you mention over the years and in some cases it still goes on. Its pathetic how some men still see a woman as a second rate citizen.
As for Rio I’m not sure if its being treated in the same light as John Terry, I maybe wrong because I haven’t taken much notice.
MG, Yeah, somebody tweeted something about choc-ice and Rio mentioned and laughed at it. The word still has a permanent resting place in his history and it was a pretty daft thing to do to be honest. I love Rio to bits and I love following him on Twitter even more because he is one of the few people who actually use the medium to communicate with fans. But Sir Alex really should have a talk with him to make him stop doing idiotic things like this. He should, of all people, know how the F.A. treat United players.
james21 – women belong in the kitchen pal. Plain and simple.
@MG
if cashley cole becomes a united player i will walk the rest of my life naked. LETS SIGN TERRY AND SUAREZ
Good. Fucking twatter addicts get on my fucking nerves. Far too much to say for themselves. Perhaps he will learn from this and now concentrate on the season ahead.
Harry for United manager
Of course Mourinho and Pep will have no chance his CV says so
Naa, im with Rio on this. There’s lots of words to describe the same sort of attitude and cop out in the face of racism that Ashley Cole has shown and its a bit rich for a panel of white men to tell Rio Ferdinand what language he can and can’t use to call out little sell outs like Ashley Cole when it comes to defending racism. (not that he said it, and it wasnt just racism but racism against his brother)
I’m with Rio on this 100%. fuck the FA! self righteous cunts!
Balaji – dare I say Rio probably just forgot how the FA treat United players? He has got form. Cheers!
Fred
Now you’re talking. Not many look as good as Nigella.
MG, he’d be a triffic manager.
How is a retweet even remotely offensive?
Rio should have learned by now, a stupid comment and it’s probably going to cost him and us. Personally I’ve never understood anyone taking an interest in Twitter. Why the fuck does anyone want to know what somebody’s had for breakfast or when they last had a good dump.Get a life for fuck’s sake.
LOL James, so true.
To be honest James, if Nigella was in my kitchen, I’d never be out of their either!
“there” even.
Fred
Knowing my luck I’d get Delia Smith.
No doubt Fred no doubt.
Well said Balaji and ARUN I’ll hold you to that – gentlemen that’s me done till tomorrow
19
Never fails to make me laugh: http://www.youtube.com/watch?v=Q6MkmonoaSw “They say he is a legend…”
Evening reds around the world,
yeah i was right, we all know now why they charged Terry, so that they could charge Rio as well..
Cunts of first class..
Fred/James
Nigella’s a fat slut!!! I’d rather have the hairy bikers round!!
West ham loan carroll for 2 mil.
Option to buy him for 17 mil next year.. Fucking hell.. Are the clubs daft? Don’t they recognise a troll when they see one?
I wouldn’t pay 19 rupees for carroll forget pounds.
Fred:
Now that is a real fan with some very nice tekkers
Ash, Fred and Eric – This deal is worth 175 million pounds over 7 years starting 2014/15 season, going through to 2021/22 season.
Meanwhile, the 2014/15 season is also key due to the fact that will be last one with Nike for the kit as per the current contract. This contract guarantees us 24 million pounds per year + a percentage of any sales over and above that. With the recent tie-ups by Nike with France Football Federation for 38 million pounds a year for 7.5 years and Barcelona for 26 million pounds a year, we can easily expect somewhere around 40 million pounds per year (at the minimum), inclusive of the additional percentage given the 659 million followers and (growing) consumption in Asia. That is roughly 400 million pounds over a decade! Now, imagine that + the increased TV share from this season onward for the EPL/ FA Cup/ Carling Cup, not to mention whatever we make from the Champions League (min of 28 million pounds even if we get pounded out in the Group Stage). Safe to say, we are a fuckin’ cash cow!!
And couple that with the characteristics of this squad (average age, academy players, reserves quality, etc.), training facilities, stadium, MUTV, increased land acquisition in and around the stadium, commercial deals by the day, not to mention the growing fan base, one can only imagine the worth of this institution!
Evening all,
How is everyone doing?
The FA are a bunch of fucking idiots and full of ABU’s! Although, Rio should indeed have stayed clear of this and could’ve avoided it! Wouldn’t be surprised if those clowns gave him a match ban to show their “non-tolerance” towards racism! Bloddy hypocrites, the lot of them!
Oh and forgot to mention the DHL deal for the training kit for 40 mn pounds for a 4 year duration is the only one of its kind in world football.
Hey eric – how are you?
Got any links for that troll movement you just mentioned?
Andy Carroll for 17 million pounds? Berbatov’s shorts alone would be much more worth than that fucking pony trolling “walk in the park” cunt!
Atin – Reuters have higher values for the sponsorship:
‘General Motors Co signed a sponsorship deal with Manchester United valued at as much as nearly $600 million (382 million pounds) one day after the U.S. automaker’s global marketing chief was ousted in connection with a deal with the popular English soccer club.’
‘Under the seven-year deal, which makes Chevrolet the jersey sponsor starting in the 2014-2015 season, GM will pay $60 million to $70 million a year — at least double the current fee paid by insurance broker Aon, said a person with knowledge of the contract who asked not to be identified. GM also will pay the club a $100 million activation fee, the person said.’
Atin – also there is there is GM’s other United sponsorship announced in May, apparently worth ‘tens of millions of dollars’
lol GM spending the US taxpayers bailout money wisely
Atin @ 18:38: “Safe to say, we are a fuckin’ cash cow!!”
Don’t tell that to those financial nincompoops who think that the sky is falling in because of “the debt”.
Atin – hey I’m great mate. Fucking astounded the troll went for 19 mil got links can’t post from phone. This is an antique piece.
So we are to understand andy fucking carroll has commanded transfer fees of 54 mil in his short and disastrous career..
He’s a perfect fit for big sam. Sherk and his protege..
Drededred – that activation fee explains the added signing and the announcement of this deal.. 100mil dollars is roughly 70 mil pounds if I’m correct.. That’ll buy us moura and RVP..
On another note, our dear 20LEGEND will lead out Molde against FC Basel for their third round of Champions league qualification on Wednesday! Here’s hoping Sir Ole can get them into the group stages and get that valuable European experience under his belt!
And now for an off topic ROM moment….
The silly season is upon us and there’s a few cliches that come along this time of year that really get the ol’ zebra thong in a twist:
Scuppered – annoying as fuck
Ace – honesty, Benayoun was once listed a Liverpool “Ace”
Wizard – “Stuart Downing, midfield ‘wizard’ completes switch to L’pool”
Intimated – Say what? So you’re essentially paraphrasing some random remark to make it sound more credible?
And couldn’t help but laugh at thisd tidbit: “Sky Italia suggests the battle to sign Robin van Persie is a two-horse race between United and Juventus, cites tuttojuve.com. The Dutchman reportedly wants to join a club with “history and heraldry” according to the Italian source.”
Seems him wanting “history and heraldry” has all but “priced” Manchester City out of a “swoop” for the Glass “Hitman.”
Am not Sorry for Rio at all, he admitted that lads, had expressed that they were uncomfortable with whats he was doing, but he ignored. I’ve also seen United fans expressing it here, their dislike about twitter. Fergie said it too! !!! OFFTOPIC:: ” CONGRATS!! To United fans in Malaysia, for putting Shitty and Cunt Tevez where they belong! “In the toilet!”
Anyone on twitter should check out and if possible report @riley69. That sick fuck just made a very disgusting comment about tomdaley’s father. Even sky news reported it.
Disgusting person.
DreadedRed -
382 million pounds for a 7 year period means 54+ million pounds a year! That’s fucking crazy money!
That’s like City paying 18 mil for Santa Cruz 
On a serious note, the second para of the Reuters part in your comment body gives more details. $100 mil activation fee + $60mil*7 or $70mil*7 = $520 mil or $590 mil during the 7 year duration of the deal. This in pounds is 330-375 mil for 7 years. I’ll frankly be glad with 330 also, given that I had earlier calculated it to be 175 mil pounds in my previous post! Good times!! B)
Regarding the previous sponsorship, that one saw Chevrolet replace Audi as the Club Car sponsors, so I’m guessing that was just an incremental add of 25-30% at best over the Audi deal. This one is the real sweetener and value-add to the Club from GM’s perspective.
And if reports are true and West Ham are in for Carroll, I’ve got a couple of old traffic cones in my shed I could loan them. Wouldn’t even cost them 2 million punds for the pylons, I’d be content with half that amount!
I’m sure juventus and the italian refs could promise RVP 20 goals + 220K a week. They’d ‘fix’ that up quite easily.
@ Ididnotzeeit
Heard we were “gazumped” by Shitty for RVP? And, how about us “hijacking” Shitty’s bid for him?
eric keane – the $100 million activation fee will only be paid when the deal is activated – in two years time (2014/2015) By then it will likely only buy 1 top player.
So that’s why GM fired the guy responsible for this deal… That’s an obscene amount of money.. Fucking hell. US taxpayer isn’t gonna be to chuffed at how their money’s being spent. Who the fuck cares as long as we get and invest it…
JULY 30, 2012 AT 20:09
eric keane says:
…
Drededred – that activation fee explains the added signing and the announcement of this deal.. 100mil dollars is roughly 70 mil pounds if I’m correct.. That’ll buy us moura and RVP..
Eric – That activation clause should normally kick in in 2014/15 only. So, I’m guessing this money won’t be the one that’ll help us get Moura/ RvP/ any one else at present. Although, if we’re being this 100 mil dollars as a signing-on fee (!), then that’s a different matter altogether!
JULY 30, 2012 AT 20:07
Denton Davey says:
Atin @ 18:38: “Safe to say, we are a fuckin’ cash cow!!”
Don’t tell that to those financial nincompoops who think that the sky is falling in because of “the debt”.
Denton – I guess it’s all a matter of perspectives, risk-appetite, etc. much like in business. Personally, I like to view the whole situation as “If Gill is comfortable, I’m comfortable”. I’ve come to regard him as the SAF of the commercial side of the club. In addition to that, being more of an optimist, I prefer to look at the potential turnover and relatively constant/ stable costs as a clear indicator of higher profits and therefore bankability to make interest payments. In any case, once the debt comes down to 150-200 million pounds, it’s gonna get comfortable. All we need is SAF to remain at the helm for another 3 years min. Post him we’ll have to dig some money up for squad strengthening + New Manager Assuaging.
In my opinion the decision against Rio is justified. Choc Ice has double meaning and was a fekkin stupid thing to agree too that someone else tweeted. Im more than cheesed off by this stupid tweets and facebook shite where footballers think the world cares what they say.
I think Fergusson should tell him to end his twitter account now, if Rio does not want to agree then we sell him. Hes one of the best defenders around but its about time we started to get the power back in the managers hands rather than the players. Forlan didnt change his studs/boots when asked by Fergie, the result was a transfer.
We can argue all day whether what was said could be deemed racist or inapropriate etc etc bla bla but for me the crux of the matter is Rio has just given himself a holiday when Sir Alex and Manchester United need him. Not a footballing incident, not a silly tackle and a red card, not too many yellows but a silly petulant remark. Fucking cheesed off but Im not going to shit on the FA for this one.
Dreadedred – ah okay. Well there must be some signing on bonus as well?though we couldn’t possibly hope for a better deal.
Extra sponsorship means higher turnover resulting in more cash for player wages.
I don’t think any money will be routed to player purchases.
Rio was just plain stupid saying what he did. It’s really innocent but black and white can be interpreted in many ways.
People calling Rio a wide boy and this and that are also wrong. Rio is the best role model at the club. He has a good family life, invests his money wisely and does a shed load for charity.
Top player, Top man
http://www.dailymail.co.uk/sport/football/article-2181208/Andy-Carroll-loan-fee-agreed-West-Ham.html
Eric – got the link! Also if, as you say, the GM guy got fired for this obscene amount, I’m wondering what happened with the guys who paid 35 mil for Andy Carroll earlier and what’s potentially gonna happen to the guys ready to pay 17 mil for him at the end of this season??!!! Tarred and Feathered followed by a slow pit roast???
On Topic: Rio, mate, shut your f’in tweet hole. You’re supposed to be a United role model, a leader an example to our youngsters of how to conduct yourself. Praying there’s no ban involved but let’s just hope this serves as an example to all Reds.
What was the old adage? When confronted with accusations of stupidity, it’s best to keep one’s shut than to remove all doubt? Let’s just operate under the pretense that everyone in the world thinks tweeters are fucking idiots and not give them validation of said claims, yeah? Good.
Rio will be fined, of that I’m sure and quite sure as well, to him, it will be pocket change. Lesson learned, twitter’s for rubbish journos, soap opera die hards and those folk who just can’t last a day with out knowing what Justin Bieber ate for lunch.
Wayne – that would mean that technically my tax money is sponsoring united…
I can see Rio, Rooney and Nani all driving Chevy F-350 trucks everyday to carrington…
Ah alright. Didn’t really understand the meaning of activation fee.
Re carroll – if that fuckwit is worth 17 mil then berba should be 170 mil..
eric keane – hopefully that scumbag is caught and punished.
Wow, the young Lithuanian girl who just won the 100m breaststroke was absolutely stunned that she’d won! Great stuff.
Another 25 mil a year for Uncle Malc and his sprogs to spunk on interest payments. Investment in the team? lower ticket prices? dream on gentlemen.
united.george – Anderson would be the most likely one. Fuckin’ bugger
Seems to be the most fun personality in the squad based on pictures I’ve seen.
@ Fred
How are you doing mate? I am sure as hell you are betting on Andy Murray to win the gold this time round? There’s this new chap by the name of Federer who is creating some headlines. Have any inside info from twitter on him?
…and Rio driving in with hydraulic pumps on each tyre with Lil’ Wayne/ some rapper blasting through the woofers!
Come on you guys, as if West Spam are going to fork out the full £19m.
All they’ll be hoping for is a good season from Carroll to help cement their PL place for another season, and if he does then it will be £2m well spent.
I have to say regardless of me being a United fan and regardless of my feelings towards Ashley Cole Rio is out of order for calling him a “Choc-Ice.” I can understand he is frustrated in many ways for being frozen out of the England set up, the fact John Terry was taken to Euro 2012, the racial abuse Rio has received just because Anton is his brother through Twitter, and the abuse he received on the pitch from Chelsea fans.
However it is important to vent this frustration in the right way. He has been at United for 10 years and needs to set an example to the younger players at United. This is not a good example to set the younger players who need to understand that anything deemed out of line will be punished by The FA and even the Police because they represent such a high profile club in United.
But in the end he is also only human and he has been hung out to dry by The FA. I don’t know why he would really want anything to do with the England set up anymore but if he turns his back on them he will be further criticised by England fans. He is in a difficult situation.
Then in the coming season we are going to have to contend with whether Rio and Terry shake hands at the next Chelsea game in addition to whether Evra and Suarez shake hands when United meet Liverpool.
A VERY SAD STATE OF AFFAIRS INDEED.
Prasan – Murray is a cert for the gold medal mate, especially after being dumped out of the doubles in the first round. This Federer kid is all hype. He’s no threat to Andy.
Andy Murray after being dumped out of Olympics, “Ah, well, the weather is so gloomy, don’t feel like going out there, it’s just a fucking event which sees some clowns turn up every 4 years! Off to sleep!”
Yeah, that Federer kid seems a bit of a womanizer as well it seems, the new bad boy of tennis I guess then!
AlphaRS’s name always reminds me of Alpha Flight, the Canadian superhero team in Marvel comics. Probably just me though.
Alpha don’t forget that Rio didn’t call Ashley a choc ice, he just laughed at someone else calling him that.
Prasan – he’d say the exact same if he won it tbh!
Anderson is like the fat kid at school, no one is picking him in their team but a good laugh none the less. He reminds me of chunk from the goonies I bet Rio makes him do the truffle shuffle to get in the dressing room.
LOL Giggs12
@ Fred
Hahaha…absolutely mate! And, what about these reports that I am hearing that Barcelona are selling Messi to West Ham as a part of an insurance policy just in case the legend Carroll misfires? Heskey would be an able replacement I guess!
Sad state of affairs why atheletes seem the need to vent their spleens and even worse that clueless brainless arseholes follow them on twitter and think they’re cool. Not just Rio getting into trouble. Some Swiss athlete/footballer sent home because he said the South Koreans were all mongoloids or to that extent. And a greek long jumper because something was said out of place about African imigrants.
Certainly a fekkin sad case of affairs and I can only see it get worse.
Michael Phelps training hard for the 200m butterfly final: http://www.brokencountry.com/wp-content/michaelphelps.jpg
Good old David Bernstein.
Alright lads, off to bed now..take care all, stay happy and keep it RED! Good night!
Night Prasan!
Manchester United today commenced its initial public offering of 16,666,667 Class A Ordinary Shares. Manchester United is offering 8,333,334 Class A Ordinary Shares and the selling shareholder is offering 8,333,333 Class A Ordinary Shares. The underwriters have an option to purchase up to an additional 2,500,000 Class A Ordinary Shares from the selling shareholder. The Class A Ordinary Shares will be listed on the New York Stock Exchange.
http://www.marketwatch.com/story/manchester-united-commences-initial-public-offering-of-class-a-ordinary-shares-2012-07-30
Fred
Saw that young Lithuanian girl win. 15 years old, well done to her and Lithuania’s first ever Olympic medal in the pool, thought the American was going to catch her.
Thanks Fred she is lovely!!!
Earlier today Sir Alex said:
“The Monday night start doesn’t bother me, that’s not a big factor. The fact it’s Everton away holds much more weight. It’s a tough fixture and we’ve not found it easy there in recent years, despite some good results. We can’t complain, though. We had a tough start last season, too. We played Tottenham, Arsenal and Chelsea very early and ended up getting off to a flyer. We’ll be aiming to do the same this year.”
Regarding United’s exit at the CL group stage:
“That was very careless. We can’t accept that. We’re better than that. And I played a part in that as well. I took too many risks with team selections, played too many young players in certain games. That won’t happen again next season. We’ll qualify from the group stages. I’ll make sure of it. European football is hugely important to this club and we need to be competing for the biggest trophies. We need to make a statement and show everybody last season was just a blip.”
$$$$$$ makes the world go round so says Pink, Floyd s sister.
http://www.youtube.com/watch?v=JkhX5W7JoWI
“Manchester United Ltd plans to raise as much as $333 million in a U.S. initial public offering. The company and its selling shareholder, the Glazer family, are offering 16.7 million shares at $16 to $20 each, according to a regulatory filing today.”
http://www.bloomberg.com/news/2012-07-30/manchester-united-seeks-up-to-333-million-in-ipo.html
James – she was in absolute disbelief. Amazing!
Dr Dread nice stuff man!
Class A ordinary shares, eh? That’s the hard stuff, so I believe.
Fred
Yeh she couldn’t believe it, hadn’t sunk in. Good on her.
GB hockey team thrashed the Argies. Get in there!
333 million Dollars = 212 million pounds at today’s exchange rate.
wow! Current Debt of 423 mn pounds gets reduced to 211 mn pounds. Very very manageable with our Turnover and EBITDA as per the financial stmts of the last couple of years. It does seem real now and a proper turn around. Just hope it gets subscribed fully!
At $16 to $20 each, I’d like a share.
Does seem like a very well placed share price, allowing sentimental investments at relatively cheaper rates!
Great stuff guys keep it coming, on topic great stuffing gays, keep them cuming.
FUCKIN TPYE O’S!!!!
iF i HAD A TWITTER THING, i WOULD BE JAILED FOR MU TYOE ooooooooo
Van Ice baby
http://www.youtube.com/watch?v=0_orLmbhUhQ
42 million supporters x $16 covers that 423 mn pound debt.
Dr Dread where do I send my check!
I went with Dr, Judge was to easy!
SAF has a list, he’s checking it twice, RVP and Lucas are coming to town….
Some defender and a CDM as well. please Sir
Don’t send it to me Inzibbie!
In fact, I should be sending you the cash, and you go stake our claim.
WEB site won’t be cashed till we hit our goal!!!!!!!!!!
21 mil send $32… hum
Looks like the IPO is a go. 16 to 20 bucks a share. Hopefully we do well and generate some cash but I am seeing something that really has me pissed. The Glazers are reportedly set to take HALF of the earnings from the IPO for their personal pockets? what kind of owner is that? does he not want his investment to yield in leaps and bounds? So fucking selfish.
The Glazers are saying: “If you don’t like the debt, buy a share and pay it off!”
I hear the IPO will really help us settle the debt.
@Goat
As far as the Greek triple jump athele is concrned, the tweet was a joke. Not a funny one, but in no way was it racist. Some PC facists latched onto it and suspended her from the Olympics. Unless you start forbidding athelets from using twitter, you can’t expect them to act like robots the entire time. The Swiss athlete was a moron and got what was coming, but punishing people for having a laugh on twitter is ridiculous.
Why do Polish people have such big noses, I know why Italians do, hot weather, breath in more air to cool our bodies. Why in a cold weather region?
Costas hello, I think Willie has been eaten by his new recliner????????????
Guys,
Glazers are taking 50% of IPO offering for themselves. Assuming fully subsribed, our debt will only be reduced by 50% of the offering – about 78m pounds. United will receive nothing from the 8m or so shares being sold directly by the Glazers. This is not good.
In other news, Chevrolet sponorship rumoured to be circa $60m per year with a $100m initial payment. That is immense news.
Kebab, I was at a friends this week, just happens to be Greek, 1st gen. What a meal!!!!!!! He is 3 years my elder, a girl in my class he married, arranged????!!!! We joke with him about that, if so he won. She is a wonderful person bore him 3 sons and is lovely and hot all in one.
Glazers have done a massive u turn on their original statement which said all proceeds from the IPO will be used to reduce the debt! It now seems only £75m will be used to pay off debt!!! This is fuck all.
Hi Zibbie. I think I just saw him on twitter. Looks fine to me.
The GM deal Americanises the club for ‘domestic’ investors.
More than that, it shows all investors the ‘brands’ value, and it’s perceived future.
Timing by the Glazers, who by many reports last week had cancelled their intentions.
People have knock there logo? and AON looks good? me confused, happens easy sometimes.
@andersred: 16m shares to be issued to #MUFC senior management under “2012 Equity Incentive Award Plan”. That’s why Gill has stuck around….
Kebab thanks man, either the recliner ate him, or the delivery guys killed him, active imagination I have.
@Zibbie
Until a few decades back, plenty of Greeks were married based on some kind of arrangement between the familes. Thankfully it’s no longer around. I like to make my own luck.
Willie told me to tell you that he will return tomorrow. I didn’t even know he took time off, lol.
Thanks Kebab!! LOL
Laughing at the people surprised Glazers taking half of IPO, they’re great owners remember and thats what great owners do. Let’s see where we are in a couple of years after new sponsorship kicks in before we start rejoicing on how we’re saved.
‘But how can you make a profit? You lose two cents an egg.’
‘But I make a profit of three and a quarter cents an egg by selling them for four and a quarter cents an egg to the people in Malta I buy them from for seven cents an egg. Of course, I don’t make the profit. The syndicate makes the profit. And everybody has a share.’
Yossarian felt he was beginning to understand. ‘And the people you sell the eggs to at four and a quarter cents apiece make a profit of two and three quarter cents apiece when they sell them back to you at seven cents apiece. Is that right? Why don’t you sell the eggs directly to you and eliminate the people you buy them from?’
‘Because I’m the people I buy them from,’ Milo explained. ‘I make a profit of three and a quarter cents apiece when I sell them to me and a profit of two and three quarter cents apiece when I buy them back from me. That’s a total profit of six cents an egg. I lose only two cents an egg when I sell them to the mess halls at five cents apiece, and that’s how I can make a profit buying eggs for seven cents apiece and selling them for five cents apiece. I pay only one cent apiece at the hen when I buy them in Sicily.’
‘Now I really don’t understand. Why don’t you sell your mess halls the eggs for seven cents apiece instead of for five cents apiece?’
‘Because my mess halls would have no need for me then. Anyone can buy seven-cents-apiece eggs for seven cents apiece.’
‘Why don’t they bypass you and buy the eggs directly from you in Malta.’
‘Because then there wouldn’t be as much room for profit. At least this way I can make a bit for myself as a middleman.’
‘Then you do make a profit for yourself,’ Yossarian declared.
‘Of course I do. But it all goes to the syndicate. And everybody has a share…’
@andersred: Six Glazers will each get $25m from #MUFC IPO…… Fucking joke!!
Rio should be banned for the Chelsea game just in case he improperly conducts himself during the pre-match handshakes with Ashley Cole.
Off topic;
I love the way Glazers Whore out United to the highest bidder, keep it up ! Soon we’ll have PIMPs and then can field our first Manchester Whores XI and knock Arsenal Slags off their perch
On Topic:
How about that Oh-lym-Pics?
Giggs being magical with our Creg Bellas….Thomas looking like Scholes minus the passing range and goals and young Mischa Richards showing why he wasn’t picked by Woy. But Clevs is hitting the ground running after a slow start against Brazil and Senegal, keep it up…that Joe Allen is doing well but average, thought he was in the Clevs Bracket.
Off Topic;
Had sex on the beach and got my arse burnt by the hot sand
Kebab a few decades well she was born in 1961, rumor has it the deal between the parents was set then
STR mate…
You wrote: “It’s hard to see how Rio laughing at the comment of someone else is “bringing the game in to disrepute” but that doesn’t change the fact it was ridiculously stupid for our defender to say anything”
Really? As much as I like some of your articles this has the be the worst of em all. I’m not trying to be bias towards Rio, but this sort of “journalism” is sub daily mail….
The fact that FA,you and everyone else has no fucking business in Rio’s or anyone else’s affairs, let it be by tweet/facebook or song, you should be the the last person to spew it across the Mancunia pages with criticism as such.
Anyways…. enjoy your players/idols on field/stage and let them live. The fact that we all can get a tweet/comment out of someone famous without it going though a legal team is refreshing.
Before you come up (or don’t) with something to this comment, blame the FA….. not Rio.
Fuck you STR
Good evening everyone
Just wanted to make my one and only post on here to say hello. Your friend Cedars is taking time off the blog but he got me addicted! Sadly I am not a United supporter, in fact I dislike the game, I am more of a rugby girl he he he I do love this place though, some of you guys make me laugh
Heller created Milo Minderbinder’s famous saying “What’s good for Milo Minderbinder, is good for the country” as a parody of Charles E. Wilson, who said “What is good for the country is good for General Motors, and what’s good for General Motors is good for the country” during a hearing of a Senate subcommittee in 1952. Wilson was the head of General Motors.
Costas
All my knowledge on the banned greek athlete comes from football sites who are putting a side article to show that Rio is part of a bigger problem. I had no idea that a greek or a swiss had been banned nor would I have if Rio got off scott free and never made the news.
Life just seems to get from bad to worse for the poor Greeks at the moment, the bloody drugs cheats dont help either. A nice bit of luck is what the Greeks need to lift spirits, that or Mataxa.
mezza – get lost. You are rude, wrong and likely despicable.
A £16m pot for senior management, aye no cunts all right.
MEZZA
I half agree with you and see your point. I too have felt for along time why should footballers be good roll models. Where did that whole concept begin. Do we ask Bank managers to be roll models, do we ask police officers to be roll models. We expect them to be but fuck knows what they say on twitter between themselves and their friends. But Im sure that if their employer found disturbing messages by their work force then they would have something to say. Afterall you hire a person on the back of an interview which is there to judge a persons character not just a glance through his/her resume. Maybe this is the point. Rio Ferdinand is Rios employer not the FA so I can see your point about the FA should keep their noses out but it shouldnt alter the fact that the employer, Manchester United, should be having stern words with the lad. Blaming the FA? I cant do that as they think its their job to punish – I dont as its not particularly football related (on the field of play were said offence gives an unfair advantage over other teams) – Blaming Rio? he should have more fucking sense knowing the busy body politically correct nany state world we live in.
Pappi I have a brown but, so no sun burn. But young and can’t stop, when sand got in her cuchi fuck had road rash on my cock, it hurt for weeks. I digress it was way worse for her.
Are you planning to buy a share mattbw7?
I predict a social media ban from SAF, following this episode. I mean, look how Wazza blundered his way through his early encounters on twitter, allowing himself to get sucked into silly exchanges with Piers Morgan which did his image (or the club’s) no favours. And didn’t Lindegaard manage to upset the residents of Alderley Edge with a posting? (actually, bad example – they deserved that one,)
Its a shame too, ‘cos I think there is a real value in fast, real time reactions from those connected to the club, before, during and after big games. But the risk of a misconduct charge is a risk too far. If we go into the season another centre half down then I’ll mighty pissed off with Rio.
So it’ll be a twitter ban, 2 weeks wages fine and a new company car – the uber cool Chevy Spark!
matt cunt off, a guy owns a business he can make money, get the fuck out of the 50,s other can express shit. They are not cunts! like You! Parasitical fuck!!!!!!!!
Have at it boys going to get layed!!!!!!!!!!!!
Rio will plead guilty and apologise. No doubt.
In an effort to broaden the marketing, United and its underwriters are conducting a two-week roadshow with two management teams, one to canvass institutions in the US and the other international, including both Asia and Europe.
The institutional roadshow officially kicks off Wednesday after management teach-ins at each of the underwriting banks. Pricing is planned for August 9 after the close of US trading.
Jefferies is lead-left bookrunner on a syndicate that also includes Credit Suisse, JP Morgan, Bank of America Merrill Lynch and Deutsche Bank. Eight additional banks were enlisted as co-managers to provide additional support to both the Asian and European bookbuilds.
The US roadshow follows a typical format with visits in the Mid-Atlantic states to be followed by Boston, New York (Monday), the Midwest and West Coast. Internationally, club management plans to visit investors in Hong Kong, Singapore, Malaysia, London and Continental Europe.
http://www.ifrasia.com/equities-manu-plans-global-tour-in-support-of-ipo/21032878.article
@Goat
I know that the story about the Greek athlete has been picked up by numerous foreign websites, but you have to know Greek to know the exact context of her tweet. I didn’t find it racist. But even those that did overreacted ridiculously. She was suspended from the Olympics even though she apologised and she wasn’t even asked to explain her actions by the Greek Olympic Commitee.. Funnily enough, those that tested positive for drugs were treated with more respect. Figure that out…
And that’s what pisses me off about the twitter business. It’s like we’ve solved all the problems we have in our life and our main worry is whether a celebrity will make a racist remark or how racist it is. People are really starting to overreact over the racism issue. I guess Balotelli throwing darts at the City youth players didn’t bring the game into disrepute…
Red Football Limited Partnership state:
“Following this offering, we will have two classes of ordinary shares outstanding: Class A ordinary shares and Class B ordinary shares. The rights of the holders of our Class A ordinary shares and our Class B ordinary shares are identical, except with respect to voting and conversion. Each Class A ordinary share is entitled to one vote per share and is not convertible into any other shares of our capital stock. Each Class B ordinary share is entitled to 10 votes per share and is convertible into one Class A ordinary share at any time.”
The total Class A ordinary shares to be outstanding after this offering is 39,685,700 shares and the total Class B ordinary shares to be outstanding after this offering is 124,000,000 shares. Manchester United intends to use the proceeds it receives to pay down debt.
Here is the company’s breakdown of the voting rights:
“The Class A ordinary shares and Class B ordinary shares outstanding after this offering will represent approximately 24.2% and 75.8%, respectively, of the total number of shares of our Class A and Class B ordinary shares outstanding after this offering and 3.1% and 96.9%, respectively, of the combined voting power of our Class A and Class B ordinary shares outstanding after this offering.”
http://247wallst.com/2012/07/30/manchester-united-ipo-on-track-terms-set-still-looks-like-facebook/
@andersred: Clarification. Draft prospectus published 3rd July said all IPO proceeds would pay down debt. V clear. Revised prospectus today says half.
Fucking Glazers!
SLICE THE WHOLE INBRED FAMILY IN PIECES.
Fuck off.
@andersred: I’d like to re-state two numbers. Amount to be raised from investors: $300m, share options to be issued to employees: $288m!!!!!!
Mikekelly12 – What does that exactly mean?
http://sec.gov/Archives/edgar/data/1549107/000104746912007537/a2210287zf-1a.htm#bg71301a_main_toc
Link to the Full SEC filing.
Clearly states that Man Utd Ltd., the holding company of the club is selling 8.3 mn shares at 16-20 $per share (Amounts to ~ $141 mn which is ~80 million pounds) and the proceeds from the other 8.3 mn shares will not be coming to MU Ltd. Which effectively means, they go to the Glazers holding company, Red Football Limited. Which means they split the 80 mn pounds among themselves!
Btw, any of you have a link to Andersred’s blog pls? Am sure, they’ll be something up by tomorrow morning there!
Hey Mike – thanks for the assist the other day with the chants. Need another one now, got the name of andersred’s blog?
the glazers are total fucking muppets theve gone to far now selling 10 percent keeping half and listing under the name MANU. are they complety fucking stupid
Zelh
It basically saying that after previously stating that ALL proceeds of the IPO would be used to pay off the debt only half will now be used. Also 16.6m shares will go to “principle shareholders” I’m guessing these will include Gill and Sir Alex? Interesting what their stance will be on this element of the IPO?! Anybody taking such huge amounts of cash from a club $550m in debt should be seriously questioned.
Just started reading that book by Daniel Harris, On The Road, a journey through a season. Looks good.
FA = ABU
But Rio has only to look at himself. Someone up there does not like Rio. Never has. Never will.
Dont post here often but from what I read of the “Use of proceeds” section, what they state is that they expect to make $116m from this sale and use all of that to buy back the bond.
If they make anything over that figure, they will take half of that and for themselves.
So if they sell the stake for a net of $125m, they will use $116m to pay off the bond, $4.5m to pay of sterling notes and take $4.5m for themselves…
I dont think what they have done is really horrible UNLESS they really undervalued their expected price of a share. And I dont think that would be a smart move in the first place.
Costas
Mmmmm and I bet that German will get away with nazi saluting infront of the future queen of England, lol.
Im more amazed at people even bothering with what celebrities say or do. Im also as amazed that a pop star is cool if he does heroin, smashes up a hotel room, piss in the street, maybe a little rape but if a footballer says something along the lines of Rio he gets a punishment (even though I agree to it, not for the FA’s pleasure but because Im a hard task master and expect the employees of Manchester United to be holier than thou).
Worlds fucked up my friend and I want no part of it. Manchester United, Toronto Maple Leafs, my jags, my wife and my boy my house is all I give a fuck about. maybe a few free speach websites I visit, oh and alcohol. The rest can go circle jerk.
Atin
http://www.andersred.blogspot.com
they could give that 4.5 to fergie to seal the deal for lucas
We need a new tread on the IPO.
My reading of p9 is that if the price is $18/share.
The glazers will retire.
1. $116,800,000 = 83/8% US dollar senior secured notes due 2017
2. $13,400,000 = £8.3 million in aggregate principal amount of our 83/4% pound sterling senior secured notes due 2017.
3. our senior secured notes previously purchased by us in open market transactions will be contributed to MU Finance plc and retired.
So the Glazers make some money to the tune of $25M each for good business? or whatever. You are daft buggers if you thought they were doing this for you.
Bit more surprised that Fergie and Gill will also get a winfall. Now that makes you question fergies credibility just a tad. Doesn’t it?!
So then goes on to say that every $1 over 18/share goes directly into reducing the debt. Maybe I’m not reading it right, but if that is true. We all best hope for a large increase in price by day 2 of the sale.
Zibbie I have naturally a olive coloured skin tone…so you can imagine my arse to be bright orange now
Shes fines, burnt face, chapped lips and a full tan….my arse and balls came off the worst burnt/sore
Papii LMAO!!!!!!!!!
Fletch, spot on man.
“So the Glazers make some money to the tune of $25M each for good business? or whatever. You are daft buggers if you thought they were doing this for you.” say fletch
Papii, I was in a relationship for almost 6 yr, over now. A month back or so I went to a friends open mike, we have been friends since we were 14. He is an awesome drummer. I do a free form, improve white boy rap rock thing. After a 1/2 of doing my thing. This hot babe jumps on me, raps her legs around my waist and her arms around my neck and kissed me with both her lips. It had been 4 months for me… eeek.. I walked out of the bar with her still on me. She says she could not wait lets go to this motel next door, so we did. She is half my age and wow…… she showed up here and an hour 1/2 latter leaves me for dead as she went to work…. Her mom was 2 years younger then me in school, she told me her mom had the biggest crush on me back then..
she’s off to get her doctoral in Colorado at the end of August, she could kill me by then. What a way to go.
Ten Thoughts on United’s Preseason thus far:
In the format of STR’s postgame follow ups
1. Not sure we need another LB. Brady looks feisty and solid at the back, less so going forward.
2. What in the fuck was the Shanghai manager wearing? Laugh riot.
3. Yes, Anderson is fat. But he’s not finished yet.
4. John Terry, still a cunt.
5. Valencia looks fantastic in 7
6. Dear, Macheda…. It’s been great getting to know you. Good luck with your future football career. I suggest a return to QPR, where you can link up with Fabio, Park, and Hargreaves.
7. WTF with all the hostilities here on ROM? People calling each other out for a fight at OT? Hilarious. I’ll be at vending motherfucker! Unless you look huge when you show up, in which case I’ll be over here, in the bathroom, smoking a doob, hoping you mistake me for that West Brom fan.
8. Fergie, Fergie, sign LUCAS up. (Moura, please, not the bag of ass hats from Liverpool)
9. Other than him, we don’t need any more signings IMO.
10. Pass the bottle, I think I just blew my load.
Random Thoughts: we should sign Nene from PSG, then we could start a front line of Nene, Nani and Bebe… Lol
Nice JC.
http://soccernet.espn.go.com/news/story/_/id/1128493/manchester-united-owners-the-glazers-confirm-share-plans?cc=5901
Half the money directly to glazers? I don’t really trust ESPN’s reporting as they have proven to be faulty media outlets over time but can anyone confirm or deny this?
Zibbie ….get in !
I bagged a juicy mongolian….I hear the oriental “feel” the best…a folk story among my mates who also love their far east asians. I must say…they don’t feel the best…but they sure do make you feel as young as them, now I only left Uni a few years back but the new gen are either picking up new tricks or are oppressed as fuck because this bird was a fucking fucktard….she just didn’t understand the words “Im done its been 30 mins” she insisted we go on till neither was fit to continue.
Anyways it seems we both love Ryan Giggs and support United too !
I was set to fucking propose…then she drops a bomb on me….she’d rather have Sneijder than Scholes…that was a warning flare…fuck off…Literally !
She loved Park too but fancies the pants off Shinji more….haha
well , on the brighter side. our club has three percent less glazers.. .
kindly do not kill me for this optimism
sab chutiye mar gaye. !!
This IPO needs to fail, in it’s revised form it’s relatively minor in terms of benefit to the club (though nice to see senior management getting a drink out of it) but despite obvious evidence of more millions being leached from United, we’ll probably sign RVP and some of you on here will claim all is well at MUFC and AF isn’t a c**t as he laughs all the way to the bank with his pot of gold, if he does profit from it , he should be paid in pieces of silver.
mattbw7
I have not seen a negative daft fan like you. You say ipo will fail Without giving any reason. We are fucking expected to raise $333 million. Now thats a fail for you. Yeah I agree that glazer are acting like dick by having 50% of the shares but I will still not comment on that untill I know the full detail. But you seriously are a jerk. Everytime you come here and spread negativity. Being realistic is one thing which you are not but being negative that is what you are.
so if i own a company in debt while myself being in debt, get the company to go public and i’m not expected to make a profit on the IPO. that’s daft guys. this is how the world is. be happy atleast some of the debt is getting wiped off.
if we raise 333 mil then 50% of that is 166.5 which reduces our debt from 423 mil $ to 256.5 mil $ at mid-price selling.. that’s good enough…
this is my personal opinion, i am in no way an expert on these things. so in case it is wrong kindly point out.
eric keane
Sorry to disappoint you but our debt is 423 million pounds. We are expected to raise 210 million pounds. So half of that is 105 millions pounds. So our remaining debt will be 317 million pounds which is also quite an amount. Honestly if the glazer taking 50% thing is true then it shows their true colours. I have never been against glazer but after this I will be. I read somewhere that all the amount will not go to wiping the debt as some will go for buying players. Now I read that glazers are pocketing half the money which is ridiculous. They may have some plan like spending that money in our club itself but then they should be open enough to tell that.
Ash the full detail is in the IPO offering, go read it before you comment
Eric keane, about £74 m will be left after fees and costs, not to mention the pot that SAF and GILL will profit from, it’s all there in black and white in the prospectus. Seeing as the bonds cant be repaid until 2017 it means at best about a £4 m off the interest bill per annum, which is currently a minimum £40 m a year, with not one iota of the actual debt reduced and these figures all depend on the IPO being a success, the best you can hope for is it fails and it completely fucks the gimps.
Mattb7,
keep your fucking argument with Glazers,
why abuse Sir Alex?
Respect the man, dont call him with those bad words, this aint a sissy, be constructive in your criticism, not abusive..
you can fuck right off if you abuse the legend again!!
##
your hate should be on Glazers and Gill..not Sir Alex..
the doubters will suck again..
and he pockets what he is worth and no fucker can deny that..
If you are fucking entitled to your opinion, then so is Sir Alex..
so you not man enough to take his opinion eh?
and come here and abuse the legend..
clowns..
So its ok to profit from the rape of the club if your name is SAF? Right ho.
eric – get your pounds and dollars in line damnit!
http://andersred.blogspot.co.uk/2012/07/the-red-issue-forum-letter-to-sir-alex.html?m=1
ah fuck. i always keep messing up conversions.
thanks for putting me right guys..
@atin – i try. its fucking confusing
eric keane, our debt is 423m pounds ~ $665m. This IPO does fuck all to reduce our debts. I don’t know. Anyway, not like we can do anything about it. Let’s see what happens!
Morning shit bags
Matt…. You know my thought on your comments regarding Sir Alex and your constant negativety and your unneeded spat with Cedars the other night, so I won’t go into that, however, Matt is correct regarding the IPO!! The fuck bags told us that ALL money raised would be used to pay off the debt, which has now been openly recognised as affecting our ability to compete! Last night in their “revised” prospectus, they tell us they will pocket half… Don’t give any reasons for the U turn, just 2 fingers up at us and a big fat fuck you! Now I’ve mentioned before my limitations with finance but from what I make out, the ABSOLUTE maximum we will get to pay off the debt is £75m based on the amount of shares being released! Fuck all. I also believe that the othe Glazer lineage who have FUCK ALL to do with the club, will receive £25m each! 116m shares will be given to the bigwigs… This includes Gill and Sir Alex, however, until they have made clear their intentions with this money I will not comment. Has Sir Alex earned it? Of course he has, however, I’m curious to hear his comments on the matter.
Wayne – you’re always a good commentator on the financial side of things. Is there anything I have got wrong here? Is there any positivity to this news because unfortunately I can’t see any!
@Mike – Here is where I am confused. We know that we get half the proceeds from IPO. So, if the Glazers get £25m each, then the total they will be getting is £300m. And we get £75m. How is that possible? The Glazers and us are supposed to make the same amount of money. :-/
Correction. Glazers get £150m. Which is still not equal to £75m.
Those who understand better, please explain the point on p9 where it says. every dollar of share price over 18/share will go into the debt.
A generous reading of this statement would be that the Glazers take their cut, but every dollar over 18/share goes directly into debt reduction.
Is this not correct? If it is correct then 18/share gets a $130,200,000 off the debt, and ever additional dollar gets $20M reduced. The high point of expected return was predicted at 24/share which would knock off a total close to $200M of the $680M debt (stated in US $)
So let’s be hoping for the higher price. No?
mattb7,
can you just tell me what is Sir getting pocketed which is not legal?
come out of your fucking anti Sir Alex mindset..
M19ke,
hello mate, how are you?
yeah you are right there..
I aint objecting his views on IPO,
but my porblem is him abusing Sir Alex and coming up with fuck all conspiracies that he is pocketing money and such shit..
oh fuck off..
give me a break..
RedmanWalking
You can read the whole sorry thing here: http://t.co/glUxsxR4. It’s not classed in the report as a straight 50/50 split, rather on percentage of shares released etc.
My major pickle with this IPO is that the Glazers are going to pocket a SHITLOAD of money. I find that irritating. When we are in heavy debt that the bastards loaded on the club and we have loaned them money that they STILL have not paid back and now they want to profit some more from this?
I hope we clear a little bit of the debt but I have read a deep analysis of what would happen should the IPO fail. It would mean that the Glazers would have to sell the club or get fucked financially. At this point, that is not a bad option. Everyone on here knows that I am not too invested in this anti-glazer thing cuz I think they have been ok up till now but this I cannot stand.
On topic: just looking at the Rio tweet. Based on Terry’s defence of how his comment was inferred, although the magistrate found it very unlikely, it could not be proved beyond reasonable doubt. In the same respect, “choc ice is classic” could be construed as Rio claiming that the said ice cream was a classic. However unlikely, it could not be proven beyond reasonable doubt that this is what he meant. Therefore, the charge brought about by the FA on Terry should be no different to Rio in terms of Terry being found not guilty.
Any way you slice it. The Glazer take (expected to be $150M US) could purchase:
3 Lucas Mouras at the full asking price of $48M US (€40M = £32M)
or 1 Moura, 1 RVP, 1 Wes Wes and you could still probably toss in a couple decent left backs.
That does hurt a mite.
Dannysoya
They need to sell up and fuck off! I’ve mentioned before that from a business perspective and maximising revenue they’ve done a great job, but at NO point along the way have any of their decisions been in the interest of the club, other than to make profit for them. And why should they? They dont support United. But I’m pretty sure there are business men out there who are just as business savvy and less unscrupulous in their dealings. To say one thing and then do the polar opposite 3 weeks later which involves taking millions from a club THEY put into multiple million pounds of debt is a massive kick in the bollocks!! How this was ever allowed in the first place, the mind boggles!
It’s like me buying my mum and dads house from them that they’ve paid off, but because I’ve had to get a massive mortgage I’ve told them they’re gonna have to pay me rent to pay off the interest on the mortgage! I get a shit load of money off people who want to own a share of my mum and dads house, but instead of reducing their rent or buying that new kitchen they needed, or getting that boiler replaced, I use the money to buy myself a new car and a rolex and some new clothes! Cheeky as fuck that isn’t it!
Ridiculously overpriced IPO…
And they dont even carry ownership—just 1/10th of voting rights, no dividends at all ever…piss-take..
Going by current year earnings, its a price-earnings multiple of 95! And before people bring up the point about this being a below par year on the pitch – think again…we had a 29 million tax credit which wont be there every year, so that sets it off….even with the increased sponsorship and all kicking in a few years later, we’re still talking about ridiculous multiples of 50+
No other industry in the world commands those sorts of multiples…its like the IT boom scenarios of the 2000′s and we all know how that ended…
And on top of that, just half is gonna be used to pay down the debt, by just 74m pounds after absorbing ALL the IPO costs….good lord..
I’ve tried avoiding all talk of the Glazers and all the alleged conspiracy theories about Fergie being a bumboy for them, BUT, the fact that it took me 1.5 hrs to drive my wife to her office (normally a 20 minute distance) has loosened me up on a rain drenched day, when by all rights I should be riding down the highway with an open jeep, a beerbox and good mates, instead of having to work for a living…sigh….So, here goes, and kindly bear with me…
1. I don’t like the Glazers and their ownership model. Not one bit. I do understand leveraged buyouts, and that its “normal” business practice to get the acquired entity to pay its debts. However, because it is “normal business practice” does not mean it’s what we should welcome with open arms as United fans.
2. Having said that, I do appreciate that the Glazers have probably (cause and effect is difficult to divine from our vantage(!) position, and it cuts both ways – I’ll try and point out accordingly) brought in a more efficient marketing and commercial regime, and we are seeing the benefits of that.
3. Also, what is the alternative? I don’t believe football clubs should go public, neither do I believe in fan based ownership, nor in sugar daddies. So, is a responsible private billionaire who doesn’t believe in leeching the club too much to ask for? I don’t see one in the horizon, do you?
4. The big picture is that 5-6 years down the line, the debt will be repaid, we will be an extremely profitable, cash rich football club with an unmatched fanbase, traditon, success, and a brimming talent base.
5. HOWEVER, there are big risks, and this is where Fergie starts coming into the picture. Step back for a moment, and think – how long did it take Liverpool to slide from 2 points short of League winners to its current morass of mediocrity? 2-3 seasons, not all that long eh? That rosy Big Picture flies quickly out of the window, along with a good proportion of sponsorship money, and star players, in a quasi-doomsday scenario if we fail to qualify for the CL one year.
Unlikely to happen. And many will point out that United still had a huge fan following when we were winning sweet fuckall. My rejoinder would be, and not compare ourselves with dipper scum, that Liverpool also had (before Suarez spat it out) a fantastic history and fan base (smaller than ours, but still pretty significant), and it didn’t stop Adidas(?) from pulling out. Also, that “very unlikely to happen” scenario, IMO, changes dramatically, once you take a certain Knight of the Realm out of the equation.
7. So, coming to the point, it is madness to wish for anything other than a prolonged Fergie reign, and maintenance of status quo till the debts are repaid. There is no man alive who could guide the club through these difficult times, with greater adrotness.
8. Certainly, I admire Fergie beyond any living personality in football, but I also see the man in his totality, and there is a lot that I personally don’t agree with. Both football-wise (his transfer non-activity for the midfield, the refusal to ditch 4-4-2, the Berbasaga), and non-football wise. The latter is probably more relevant in this context. Let us not forget the Rock of Gibraltar fiasco, the “fuck off and support Chelsea” comments (which I personally felt were below the pale – famous Govan temper and all that, but extremely hurtful to a lot of fans).
9. BUT, if you really come down to it, what is done is done. I think it’s idiotic to expect Fergie to openly protest against the Glazers. Think of the ramifications – ABUs have a field day, Glazers are forced into taking some sort of action, mercenary players (and you’re kidding yourself if you think we don’t have any) and their agents desert the ship as vultures flock. If you are thinking of fighting the Glazers from the barricades, you’re having a laugh – this is no 60s, and there is absolutely no place for street-fighting men. It’s the age for compromise, lawyers, moneymen, twitter, and none of us can change that. Play the game.
10. So, if you ask me, my personal belief (again cause and effect are nebulous, just my thoughts, and reasoning) is that Fergie realizes a lot of this. And more. He undoubtedly feels a deeper sense of responsibility towards the club that anybody alive. He has to think about what shape he leaves the club in. What is done is done. However, just as that should not stop anybody from pointing out what’s wrong with the Glazers model, it should also make us realize that there is one man who stands tallest among all of this. The die is cast. But you still have Sir Alex Ferguson. The man who made Manchester United what it is. Don’t know about you guys, but I wouldn’t have anybody else. The decisions he has to make, the position he finds himself in, and the choices he has to make, would break a lesser man. The die is cast. But we still have Sir Alex ferguson to make the best of it. Enjoy the man, enjoy the ride. Calling him names isn’t going to help.
Peaceout.
The first and foremost thing is that the amount that the Glazer’s pocket will be the same as what MU Ltd. gets. That is determined by the no. of shares each is offering. This amount stands at roughly $150 million for a mid-range price of $18 per share. Thus, total IPO is for $300 million – $150 mil apiece.
After paying off the underwriters and commission for brokers etc. involved, the balance left over with MU Ltd. will be $141 million. Now this whole amount is going to go into lowering the debt. And I quote, “We intend to use all of our net proceeds from this offering to reduce our indebtedness by exercising our option to redeem and retire…” Loan A and Loan B. Now, we need to understand there are two types of loans on the books. One is a dollar loan and the other is a sterling pound loan
1. Dollar Loan: This amount stands at ~264 million pounds (After conversion, it is at $414 million) as of fiscal 2011, i.e. June 30, 2011. MU Ltd. plans to retire 73 million pounds ($116.8 million) of the principal of this loan/debt. In addition to this, it will also pay back interest accrued/ due till date.
2. Sterling Pound Loan: This loan amounts to ~195 million pounds (After conversion, it is at $306 million) as of June 30, 2011. MU Ltd. plans to retire 8.3 million pounds of the principal of this loan/ debt + interest accrued/ due till date.
Now, the total sums here for the debt are $720 million or 458 million pounds as of June 30, 2011. This SEC Filing clearly states that as on 31st March 2012, this mountain is slightly reduced to $665 million or 423 million pounds.
Post the IPO, this amount would reduce to $530 million or 340 million pounds.
While that doesnt really make the debt go away, it definitely is a step in the right direction. Though the 8.3 mil shares that the Glazers are selling from their kitty would have helped much greatly to bring it all down to $395 million or 257 million pounds, which would have been one of the best things to happen at this time.
Jeet – got stuck in the rain?
I chucked going to office today. “Attempting” to work from home 
Fletch – You asked this question a while back on what happens if the share price is higher than $18. With reference to my post above, it means that the debt repayment is gonna be higher by the same amount that a higher share price brings in. Eg. If share price is $19, an increase of $1 per share, the net coming into MU Ltd. increases by 8.3 million pounds (or $13 million). This translates into a further debt reduction of the same amount. Thus, debt becomes $517 million or ~332 million pounds.
With each subsequent dollar increase in share price, this debt decreases by slightly less than 8.3 million pounds or $13 million, accounting for premium payouts for before-time debt repayment, technicalities, etc.
In a Manchester United career spanning 25 years and 4 decades, Sir Alex Ferguson has achieved a collection of honours greater than any other manager in the history of British football. His management and tenure has seen Manchester United United dragged from their underperforming FA Cup winning era of the 70′s & 80′s and returned them to the title winning and European conquering era’s of the 50′s and 60′s. Importantly, he’s achieved it by playing attack minded football the United way.
However, there’s a growing sense of distaste amongst the Manchester United fans for the greatest manager of all-time, the man who has undoubtedly brought them footballing moments they never dreamt they would see thanks to comments he’s alledged to have said recently. Red Issue have pencilled and forwarded a letter to Mr Ferguson in the hope he’ll find the time to respond and answer the questions put to him about how he sees The Glazer’s, the clubs debt and more importantly asks….what is a real fan?
Here’s the letter in full.
Dear Sir Alex,
As lifelong Manchester United fans, we are disappointed and concerned by quotes attributed to you in a recent interview. Many of us are the same fans who protested to denounce Cubic Expression back in 2005. These are the same fans who had previously offered you their unwavering support during your private dispute over Rock of Gibraltar’s breeding rights, despite Cubic Expression raising some very pertinent questions. In the spirit of fairness, we would like to invite you to clarify these comments by responding to a brief summary of our concerns:
1. You suggested that ‘the majority of real fans will look at it [Glazer ownership] and see that it’s not affecting the team’. Can you clarify what constitutes a real fan?
2. With thousands of fans leaving the club in protest over the Glazer regime, do you consider these time-served reds to be less than real fans?
3. Have you personally met with any of the dissenters to determine how deep their commitment and affection for United may be?
4. What are your thoughts on an atmosphere which gets markedly worse each season as more and more local, traditional fans are marginalised and alienated from the club?
5. You are also quoted in the interview as claiming ‘I’m absolutely comfortable with the Glazers situation. They’ve been great’. You are clearly aware of the opposition from the United fan base – does that not make you uncomfortable in any way?
6. What, in your view, would constitute poor owners?
7. You have repeatedly claimed to have been backed financially whenever you have requested transfer funds. Is this your only consideration when determining what represents great ownership?
8. You continued the interview by saying that, ‘the salaries, agent fees – is just getting ridiculous now’. Whilst we agree in tone, it does represent a sea change in attitude from pre Glazer transfers. Agent fees in both the Ferdinand and Rooney transfers were criticised at the time for being excessive, so why does the club now refuse to meet market conditions for the top players?
9. Do you believe Jorge Mendes’s £2.6m cut of the Bébé transfer, a full 35% of the total fee paid, represented good value?
10. With more than £250k leaving the club each day to service the Glazer debt, totalling over £500m since the takeover, is it so reprehensible for us to question your constant references to ‘value’?
Given your personal background and previous support for fan involvement we hope you take the trouble to respond to our deep concerns about both the club’s situation and the wording of the interview quoted.
Signed:
Concerned Manchester United Fans
Atin, Cheers, my point exactly, so we should all hope for a high price.
That said, I would also like to reitterate my point from July 3. How can there be so little response to the posting of the shares as MANU on the NYSE ticker?
Is there anyone with any pride or sense working at Manchester United Ltd?
This is just THE most disrespectful name they could have picked.
Please use MUTD, MUFC, UTD or ZZZ, but not this
@G12G0: Have to say that I can’t find much issue with that letter….BUT, is it wise? Bit of a rock and a hard place situation for all concerned, dont you think?
devilz11 Cheers mate. Just picked up on your post from 23:28. Completely agree. Shocked!
Jeet
75 million from 210 going back into the club from the IPO, Is it not time our club was being treated like a cash cow. Where does it stop? Glazers taking 25 ,million each not to forget Mr Gill. Im sure he wont be paying his straight off debt.
I am officially regretting renewing enough is enough for me now.
The only option left is to boycott. I’m sick of this Glazer business. It’s just another slap in the face.
No merchandise. No tickets. Fuck them. The club is being pillaged.
I am I right in that John Terry has not been charged by the F A for saying you fucking black cunt . Yet Rio has for saying choc ice
G12G0:
Totally agree, mate. The fuck thing is, I don’t see any amount of fan opposition making any difference whatsoever, more’s the pity…sign of the times, maybe the best thing is to ride it out and hope Fergie’s health permits him to see us through it. Being negative probably, but I’ve thought long and hard about it – just don’t see fans making any differennce whatsoever. TBH, I think neither does Fergie.
My father was a union man, a leftist who went underground for a couple of years…in the end, it left him a broken man, as he saw his union leaders getting richer by the day….
I just don’t believe in revolutions, as much as I’d like to. Times have changed too much.
Sandeep1878 says:
mattb7,
can you just tell me what is Sir getting pocketed which is not legal?
come out of your fucking anti Sir Alex mindset..
Did I say it was illegal? It’s fucking immoral when Sir Matt found out Louis Edwards was about trying the milk the club, he threatened to walk out, it stopped Edwards in his tracks even though Sir Matt stood to profit from it, whether it would have the same affect today who knows though it’d be hard to flog an IPO on the back of the managers opposition to it, while you defend SAF over this it’s worth pointing out again that £500m has left the club in interest and charges since 2005 and it’s set to rise.
And will the people who keep saying the club will get half the money pleases stop, the fees and charges for the IPO will be borne out of that half as will the pot that Gill and SAF will have their mits in and it won’t reduce the debt one iota as that can only be repaid in 2017 under the bond terms, meanwhile it costs £40 mill a year to finance this so you could say with the £74 mill the club are likely to get the interest payments will be eased by just less than £4 mill per annum, doesn’t look so great now does it.
Those that defend the Glazers, I can to a point understand, after all they are just performing to type, business people who see an opportunity and maximise it’s potential for their gain alone, however the same can’t be made for Gill and most certainly not Sir Alex Ferguson.
Not that it changes the situation for the better, but I believe each Glazer gets 25 mil dollars, not pounds. Which is around 15-16 million pounds. There’s an addition 45 million of the IPO that I don’t know where it’s going. Any ideas?
Costas, I think this is the part that go to the Directors. Which to my reading are the Directors of Manchester United. This would be Sir Bobby and the like.
Not sure how people came up with the view that Fergie was part of the Directorship. I don’t think he actually is. Not that I would begrudge him a couple quid if everyone else is diving in.
Some of it would go towards the fees and IPO costs and underwriting expenses and similar stuff mate…the Investment bankers don’t come cheap I can assure you
Costas, there’s at least six of the Glazers that stand to benefit from this.
Actually, rereading the IPO release. I am not sure I understand what Directors are being paid. So will withhold judgment.
Andy Green suggested, tongue in cheek I presume, that some journo work up the courage to ask Fergie if he was one “of the “selected employees” entitled to a payout under this IPO”.
Might be worth the ban the lad would receive just to earn our collective admiration
@Fletch, Red Devil
Thanks guys. Now it’s really simple.
I’ve heard people speculate that Fergie might get a sum as well, but it’s something I’d rather not comment on until there’s actual proof.
Dazbomber
Terry has been charged.
Giggs12
I hear you mate, but it won’t make one jot of difference. There’ll always be someone else buying that ticket! The only way to stop them is if EVERYONE subscribes to boycott which is impossible due to the sheer size of the club!
Many apologies for the error in pasting the whole of the IPO doc, hopefully admin will edit it out, instead follow the link scroll down a little to see the table of contents and click on proceeds.
Ta
FOFYFC
Costas
That may yet still be the case…But its not mentioned clearly in the IPO documents…just mentions ‘selected employees’ as Fletch says…
So you’re right it would be wise not to speculate on Sir Alex receiving anything, but I think it would be safe to say that David Gill will be definitely receiving something…Company CEO’s usually get a cut or a % of IPO, usually in the form of free or cheaper shares, and sometimes even a direct part of the cash.
@Fred July 30, 2012 at 20:44
How did you know I was in Alpha Flight?!
I see what you mean now that Rio didn’t actually call Ashley Cole a Choc Ice now. He was just responding to somebody else tweet…!
Well I know a brilliant defence for Rio now much akin to the one Terry used.
“I was just repeating what I thought somebody had said to me…!”
That defence seems to get you out of trouble when you call someone a black cunt.
Ah, there it is p107 Clear as day!
Executive Officers and Directors
Name……………….Age………….Position
Avram Glazer………51………Executive Co-Chairman and Director
Joel Glazer…………45………Executive Co-Chairman and Director
David Gill……………54………Chief Executive Officer and Director
Edward Woodward..40………Executive Vice Chairman and Director
Richard Arnold…….41 ………Commercial Director and Director
Michael Bolingbroke..46……Chief Operating Officer
Jamieson Reigle…….35…….Director of Corporate Development
Kevin Glazer…………50…….Director
Bryan Glazer…………47…….Director
Darcie Glazer Kassewitz.44.Director Designee
Robert Leitão………..49…….Director
Manu Sawhney……..45…….Director Designee
Red Devil, it will get released, however I think we have to realistic as in other sales of this nature many senior employees benefit, it would be more odd if SAF wasn’t included but that’s ok, he’s deserves it.
There you have it….David Gill will get a cut…
One thing, SAF doesn’t have to be listed as he’s not a director, plus it means Gills pot is coming out the Glazer bit.
@Red Devil
With that kind of money, I bet Gill will buy some of the best state of the art cameras out there. Can’t wait to see him take more pictures of the Ch.League winners next season.
or
MUFC 2012 Equity Incentive Award Plan? “selected employees, consultants and non-employee directors”
Plus they know the majority of fans will object to this so best to get it away before the season starts to avoid any public protests, every single one of us should be appalled at this, but then if you are to quote the great man you wouldn’t be “real fans” what a disgusting comment.
FOFYFC.
Got to admit though, Darcie Glazer Kassewitz deserves a slice for all she has done for the club throughout it’s rich history!………absolute cunts! Where is our cut? I’m pretty much we deserve a piece of the pie!
@Mike
I was going to say where’s Sir Bobby’s cut, but obviously, his contributions don’t hold a candle to Mrs Kassewitz’s.
Costas
Hopefully we can be there somewhere in those pictures
But really on a different note….I dont understand, what made David Gill change his tune on the “Debt can be the road to ruin” – line?
Yes, debt does have its place in a capital structure and has benefits, but he of all people should have realised the excessive debt that had been involved in the takeover…I mean, we ignore the PIK’s in the discussions nowadays, but 14.25% to 16.25% rates of interest in the developed world?? It was tremendous, the kind of strain being put on the club’s finances…
I mean, just imagine where our financial position would be now, if we hadn’t pocketed 80m from the sale of Ronaldo!
Sir Alex is a football man and I can understand him saying that the owners have never interfered in the playing side of things – although I’m sure some budget cuts and rules regarding signings have been put in place – but David Gill should have realized what was happening…
I can understand about pleasing your boss and keeping your job, so I hope he will come out and reveal all when he steps down as CEO — or maybe his silence will be bought by a golden handshake package or non-disclosure clause or something…
All right then, who’s leading the march to Old Trafford? Where are those 659 million when you really need them?
jeet says:
All right then, who’s leading the march to Old Trafford? Where are those 659 million when you really need them?
Buying shares?
ahh, matt, wouldn’t that have been something? Madly oversubscribed IPO, prices going higher till the pie becomes large enough for the glazers, as well as the club (funny, I thought they were one and the same?)….More like munching their prawn sandwiches as they browse through online merchandise would be my guess…
I seriously think that Ferdinand and all our players must start thinking before they post anything, and must put this issue behind him for the team
Costas
I’m sure Mr Kassewitz will also se a large chunk!!
Mattbw
Putting FOFYFC is very disrespectful. Sir Alex has voiced his opinion, something that you champion so why carry on with it? I’d guarantee we’d be in bigger shit if Sir Alex Fucked Off, believe me .
What does FOFYC stand for?
Mikey – “I’d guarantee we’d be in bigger shit if Sir Alex Fucked Off, believe me” is truer than many a word spoken on the issue…
Point 9 in that letter stinks, absolutely reeks of rotten eggs. Then we say that paying what Chelsea paid to Hazards agent was excessive. It boggles the mind.
If anybody has studied game theory…doesn’t this sound like the perfect prisoners dilemna? It’s actually in everybody’s interests to make this a very, very succesful IPO (yes the glazers will get a lot of money, but that’s a given puke raiser, at least let the club get some too), or am I reading it wrong?
This is a nice article I wrote for the Daisy Cutter about the Glazers’ time at united…
http://www.thedaisycutter.co.uk/2012/07/the-glazers-at-manchester-united-a-potted-history/
jeet
A very apt comparison mate…
I’d second the thoughts of Mike
If it hadn’t been for Sir Alex, we’d be in much much deeper shit now…
I doubt Sir Alex could have done much to stave off the takeover, but Gill definitely could have…
And once the deed was done, he didn’t have much choice but to do his best to save this great institution…
Lets pray to God, if all goes well, the club continues to be successful, commercial income keeps rolling in, people keep paying over-inflated prices for shares, TV money keeps on going up…we might just make it out relatively unscathed and the only man who can guide us through that is Sir Alex..he doesn’t have much reason to do it at the age of 70 if it isn’t to protect his legacy and the club he so loves..
Jeet – agree. It is a catch 22. You don’t want them to have anything but you definitely want the club to get some. Buggers, them glazers!
Jeet
Based on previous comments I’m guessing it stands for Fuck Off Fergie You Fucking Cunt?
The Glaziers & our debt has nothing to do with Sir Alex. Period. So don’t link them together
@Red Devil: You echo my thoughts. The almost unbearably sad thing is that there doesn’t seem to be ONE good alternative to what we have now. The Glazers won’t sell at any reasonable price, alternative ownership structures have their own perils, and the fans protests have, sorry to say, done absolute sweet fuckall, to driving them out. Though I will give it to folks who have voiced their opinions loud and clear, that without them awareness on the issue would have been far lower, and simply for them devoting so much of their time and energy to the “cause”, I salute them.
It’s a repulsive idea, but maybe now is the time for all of us to spend what we can on the “club” in any which way, hoping that some of it will actually trickle down to Manchester United?
I seriously don’t see what else fans can do to impact the situation positively….
MIkey – if that’s indeed the meaning, it’s grossly disrespectful, and very shortsighted to the point of stupidity, if you ask me…
Andy Green on Sky News now
FOFYC is beyond direspectful its a joke and embarrassing. Matt you are more than welcome to an opinion but that is a just an attack on the greaetst manager of all time.
I actually agree with you opinion of Fergie tarnishing his legacy as I am at a loss with his support for the Glazers given his roots and a vioce for the worknig class man, them days are long gone. What I can not agree with and think you need to tone it in a bit is the lack of respect for what Fergie has done for the football club away from financial matters. Surely there must be a balance.
That sort of abuse is unpardonable, and is actually counterproductive – it just leads to more divisiveness amongst fans and confuses the reall issues…
Marq
“The Glaziers & our debt has nothing to do with Sir Alex. Period. So don’t link them together”
Thats not true mate Fergie was the catalyst for the take over for non football related issues, so he should no more than anyone not to express his opinion on the fans. Im not asking him to go against the Glazers but how the fuck are tehy good owners and the fans are in the wrong?
Red Devil the term used at Glagow Rangers was Loyalty Bonus.
Lol…
some loyalty!
NOTE: What I am about to say is not in defense of the Glazers as they have irritated me by going back on their word and palnning to take half of the potential proceeds from the IPO. This is in defence of Sir Alex Ferguson and Manchester United’s overall financial health.
Seriously let us go back to what Sir Alex said. How is that a disgusting or disgraceful comment? Are some of us trying to say that Sir Alex only cares about his pocket and does not care about the overall health of the club? He’s one of the major reasons why United are even where they are today in terms of financial strength. He changed the culture att he club. Where were we in the money standings before 86?
The fact is, the Glazers have NEVER interfered with his transfer dealings. Whenever he’s gone to ask them for money they have given him. That’s the best a coach could ask for. Newspapers love to sensationalize a lot of things. They talk like Sir Alex would have spent 900 million in two seasons if United were not in debt. That is complete RUBBISH. They talk like the entire club is crumbling.
Consider this. If the club was crumbling, we would NEVER be allowed to trade on any stock exchange ANYWHERE. not even in the worst stock exchanges. The SECs need you to prove that you are healthy enough to make impact in their stock exchange before they allow you to trade on it.
Also, I laugh at some of our fans all over the world who think that this could potentially lead to us going bust. It seems like some of us do not know the value of the club we support. Even if the Glazers fail and are forced to sell, you think they’d have a hard time getting potential buyers?. Business Giants and Moguls are lining up to have a crack at taking control of the club. A club that is valued in excess of 1.5 Billion dollars? Who the hell would not want to own an investment like that?
Trust me, I want the Glazers out as much as you all do but we need to cut out the doomsday prophecy.
Cant even begin to understand high finance but would tend to agree with you regarding the financial strength of United and the trustworthiness of our manager.
No one is talking doomsday mate…
But the fact that it is hindering the club and its progress is evident for all to see. Sure we’ll find investors if worst comes to worst, but by then a lot of the playing staff will have abandoned the club because of the instability and legal wrangles and financial mess till the time the new owner lands up. And remember, no new owner will want to be ripped off just to get hold of United. The rich are usually greedy and never stupid you see.
The point about SEC ensuring you are sound and “healthy to make an impact” as you say – you mean to say no listed US company has ever gone bust or fallen into trouble subsequently ?
I agree that if the Glaziers do a U turn then their cunts but there’s something glaring obvious that i don’t think anyone has picked up on i read last night based on the share prices the Glaziers are valuing the club at 3.3bill when we all know its closer to 2bill.that’s a over valuation of around 40% and they intent to take 50%,not defending them i hate liars but the amount put back would be very close to the same if the shares were being sold for the correct value
Giggs12Gerrrad0 – good day sir!
Here are MY answers to the questions that Red Issue have asked Sir Alex.
Please give me feedback, thanks!
- – - – - – - – - – - – - – - – - – - – - – - – - – - – - – - – - – - – - – - – - – - – - – - – - -
1. You suggested that ‘the majority of real fans will look at it [Glazer ownership] and see that it’s not affecting the team’. Can you clarify what constitutes a real fan?
DreadedRed replies: – In this context, SAF included all those against the Glazers as ‘real fans’
2. With thousands of fans leaving the club in protest over the Glazer regime, do you consider these time-served reds to be less than real fans?
DreadedRed replies: – ex fans that have abandoned the Club are by definition no longer fans, and therefore are not ‘real fans’
3. Have you personally met with any of the dissenters to determine how deep their commitment and affection for United may be?
DreadedRed replies: – determining a specific group of fans depth of commitment and affection for United by meeting them personally carries no weight, and would be a waste of our manager’s time.
4. What are your thoughts on an atmosphere which gets markedly worse each season as more and more local, traditional fans are marginalised and alienated from the club?
DreadedRed replies: – those traditional fans that have chosen to abandon United would not improve the atmosphere by attending home games, as they are no longer United supporters.
5. You are also quoted in the interview as claiming ‘I’m absolutely comfortable with the Glazers situation. They’ve been great’. You are clearly aware of the opposition from the United fan base – does that not make you uncomfortable in any way?
DreadedRed replies: – The opposition from a portion of the United fan base is directed against the Glazers, not against Sir Alex. Also, SAF specifically said “So there has always been wee pockets of supporters who have their views – and there’s nothing wrong with that.” Therefore, it is clear that SAF is not uncomfortable with the right for fans to express their views.
6. What, in your view, would constitute poor owners?
DreadedRed replies: – Millions of factors would potentially indicate poor owners. Asking Sir Alex to list them is pointless.
7. You have repeatedly claimed to have been backed financially whenever you have requested transfer funds. Is this your only consideration when determining what represents great ownership?
DreadedRed replies: – No.
8. You continued the interview by saying that, ‘the salaries, agent fees – is just getting ridiculous now’. Whilst we agree in tone, it does represent a sea change in attitude from pre Glazer transfers. Agent fees in both the Ferdinand and Rooney transfers were criticised at the time for being excessive, so why does the club now refuse to meet market conditions for the top players?
DreadedRed replies: – The Ferdinand and Rooney transfers have proven to be financially wise. We considered them to be good value, bought them, and their value has since been proven. This is not a license to now spend more on a player than we believe him to be worth. Market value is determined by the demand (our valuation) and the supply (the sellers valuation). Just because your neighbour is happy to pay 500 quid for a pint of milk, doesn’t make milk worth 1000 pounds per litre.
9. Do you believe Jorge Mendes’s £2.6m cut of the Bébé transfer, a full 35% of the total fee paid, represented good value?
DreadedRed replies: -We do not evaluate worth by examining the destination of funds paid to secure goods, services or employees.
10. With more than £250k leaving the club each day to service the Glazer debt, totalling over £500m since the takeover, is it so reprehensible for us to question your constant references to ‘value’?
DreadedRed replies: – Questioning by fans is not reprehensible.
After reading this thread…Am going for a drink…
Its clear how Rio feels about the situation and in a way shows that Terry is Guilty as hell. But if the clear video evidence and lip readers couldn’t convince the court then no-one can.
But Rio should have kept his comments off twitter. He should have know better. All United players have to do is fart and the FA punish them. Sad thing is it will be most likey rio will get a bigger ban and fine than Terry.
Dr. Dread fucking perfect!!!!!!!!
Man crush on your articulated knowledge….. :mrgeen: mr. green with envy. Envy and I a rare bed fellows.
DreadedRed – Im good mate how about yourself pal?
Answers below:
1. DreadedRed replies: – In this context, SAF included all those against the Glazers as ‘real fans’ Gigges12 – He isnt mate he is suggesting only real fans will not question due to success of the team.
2. DreadedRed replies: – ex fans that have abandoned the Club are by definition no longer fans, and therefore are not ‘real fans’ Giggs12 I have many friends some of my best pals who have know since day zero are massive reds but will never step foot in OT under Glazer regime. Trust me when i say they are top reds. One lad will not give Glazers a penny and has been to every European away game since 2005 rather than going home games.
3. DreadedRed replies: – determining a specific group of fans depth of commitment and affection for United by meeting them personally carries no weight, and would be a waste of our manager’s time. Giggs12 this is reverse psychology we are asking how can w be questioned as real fans due to our opinions yet he doesn not know us?
4. DreadedRed replies: – those traditional fans that have chosen to abandon United would not improve the atmosphere by attending home games, as they are no longer United supporters.Giggs12 As per point 2 mate they are massive fans, i would love for you to have a beer with myself in the ground im like a choir master, i do not shut up for 90 mins.
5. DreadedRed replies: – The opposition from a portion of the United fan base is directed against the Glazers, not against Sir Alex. Also, SAF specifically said “So there has always been wee pockets of supporters who have their views – and there’s nothing wrong with that.” Therefore, it is clear that SAF is not uncomfortable with the right for fans to express their views.
Giggs12 – Fergie has the right to feel how likes he has earnt that right imho, Fergie doesnt wanty a civil war he thinks we should just concentrate with matters on the pitch.
6. What, in your view, would constitute poor owners?
DreadedRed replies: – Millions of factors would potentially indicate poor owners. Asking Sir Alex to list them is pointless. Giggs12 we are sking him because he thinks they are great and a large % of fanbase certainly think otherwise. We wnat to know what the barometer is for a poor owner? We say a poor owner is someone who takes a valuable asset debt free and riddles it with debt, pays that debt off with Manchester United money whilst never using any of their own money. The biggest issue i have is we save all their US businesses yet they dont have the decency to talk to fans.
7. You have repeatedly claimed to have been backed financially whenever you have requested transfer funds. Is this your only consideration when determining what represents great ownership?
DreadedRed replies: – No. Giggs12 ecactly mate yet thats all fergie tells us.
8. DreadedRed replies: – The Ferdinand and Rooney transfers have proven to be financially wise. We considered them to be good value, bought them, and their value has since been proven. This is not a license to now spend more on a player than we believe him to be worth. Market value is determined by the demand (our valuation) and the supply (the sellers valuation). Just because your neighbour is happy to pay 500 quid for a pint of milk, doesn’t make milk worth 1000 pounds per litre. Giggs12 i agree mate but it was ten years since we bought Rio for the money we did only to be beaten once with the signing of Berba? We should be smashing that for players we want regradless of market conditions, other top teams do.
9. DreadedRed replies: -We do not evaluate worth by examining the destination of funds paid to secure goods, services or employees. Giggs12 Bebe?
10. Questioning by fans is not reprehensible
Do any of you think I’m happy to call Ferguson to account, do you not think I’d rather he’d kept shctum about the Glazers, not commented about “real fans” and not profit from the IPO, he made those choices, the Glazers are just doing what they do, what state will the club be in at the end of all this, well it doesn’t look good and the man that’s supposed to have the best interests of the club at heart cannot escape responsibility.
It makes me sick that the club is being emptied by rapacious businessmen, aided and abetted by men who should know better, if the Glazers ever fuck off and Fergie admits his hands were tied in the transfer market, he can fuck off, he nor the people that buy his current line can have it both ways.
Sir Matt Busby Stand has a better ring to it.
aWESOME RESPONCE g!@ i FUCKING LOVE THIS PLACE.
mat FUCK OFF IN THE NICEST WAY!!!!!!!!!
Giggs12Gerrrad0 – I’m very well thanks! At least, I’m as well as can be expected under the trying circumstances that the Glazers greet me with this morning. They should not take any money out until the debts they incurred by buying the Club are no longer owed by United.
With regard to our ‘answers’ listed above:
1 and 3- Sir Alex is not suggesting only real fans will not question due to success of the team.
In fact, Sir Alex called all the fans (that are against the Glazers or for the Glazers) “real fans”, and described the real fans who believe that the Glazers ownership has not affected the team as “realistic” SAF has not questioned your ‘real fan’ status, he has actually confirmed it.
2 and 4- The fans you mention are “real fans”, but as they will not support United at Old Trafford, it stands to reason that they wouldn’t vocally support them at Old Trafford either. Therefore, their absence is not to the detriment of the noise levels. The other fans that have completely abandoned United are no longer ‘real fans’ and would be useless at cheering the team, home or away. What would be more accurate of Red Issue to say is that the support was better before the Glazers alienated many top Reds.
6 and 7 – Perhaps Red Issue should list their factors that constitute bad owners, and then ask if SAF agrees. The question as it stands is vague, and the answers predominantly irrelevant.
8 – Again, the question is off-topic or poorly worded. A better question would be: Why have we bought players when there is ‘no value in the market’?
9 – Another poor question from Red Issue. The agents cut is not relevant, the total cost to United is what we should be concerned with. Take ‘the next Ronaldo” for example: If he costs us 5 million, and we sell him for 50 million, why should we care how the 5 million was shared among the parties concerned? Even if the agent got all of it, we got the player we wanted at a cost we felt was fair.
I’m late for work now, so I have rushed this reply. I will log on later (from work) and consider your responses. I will post a comment on the latest thread redirecting you back here after I have replied. Cheers, and keep your chin up. We shall overcome!
Ha ROM’s resident lunatic resurfaces,Who ever that Psychiatrist is that keeps releasing you into the community deserves to lose his right to practice.Fucking Bam.
@Giggs12
So how do you define a good owner?
Name me a good owner out there