KingTom:

You have said the truth and shamed the devil

I have never doubted this fact, have I?

KingTom:

The devil's advocate abi?

I'm not sure. Just discovered the gif online

KingAlabi:


Oga SUCCESSFUL for a club like united is the LEAGUE and the UCL, not baby cups, if ole goes on to win the Yoruba league I will celebrate it, but that doesn't mean he was SUCCESSFUL as a UNITED Manager.

In my books, NONE of the managers post Ferguson have been SUCCESSFUL.

When I said the same thing, some of your folks pointed to our league positions over the past couple of years in a bid to remind me that we're not a top team anymore...This thing is two way, you can easily argue for or against and that's why I respect Doc and others who hold a neutral POV.

patrickmuf:
When I said the same thing, some of your folks pointed to our league positions over the past couple of years in a bid to remind me that we're not a top team anymore...This thing is two way, you can easily argue for or against and that's why I respect Doc and others who hold a neutral POV.

The thing is that, we are looking to get back there(the top), and it won't happen overnight.
Mou tried, gaal tried, I won't mention nwoyes because he was average at best, for ole he is showing a bit of promise.

Leyqute, you son of Nimrod, have they deducted points yet from you scummies for the show of shame displayed yesterday?

Skimpledawg:
Leyqute, you son of Nimrod, have they deducted points yet from you scummies for the show of shame displayed yesterday?

Look at who's talking. Instead of you to be concerned about your gested fixtures you dey carry Manchester United matter for head. Better go and declare 40 days and 40 nights on Mount Sinai so that your sins (fixtures) will be atoned by the Lord.

I come in peace.

KingAlabi:

The peniiisss mahnn, no mind me jare, there are plenty ways to correct an error, I just used one.

That been said, I dey hardly insult na, if you insult me,I return the favour, but if na jabs, I dey guilty.

The bolded

adebayo201:


Look at who's talking. Instead of you to be concerned about your gested fixtures you dey carry Manchester United matter for head. Better go and declare 40 days and 40 nights on Mount Sinai so that your sins (fixtures) will be atoned by the Lord.

I come in peace.

na ingested Oga Bayo.

We go swallow the fixtures ... You scummy

adebayo201:


Look at who's talking. Instead of you to be concerned about your gested fixtures you dey carry Manchester United matter for head. Better go and declare 40 days and 40 nights on Mount Sinai so that your sins (fixtures) will be atoned by the Lord.

I come in peace.

Tor

nitrogen:


Why should they buy with 100 percent equity? Wait, so you think that dem billionaires make investments using their cash? Hahahaha when interest rates are fuvking low?

Also, you think that billionaires have cash? most of their monies are unrealized because they are in stocks and equity investments.

The mistake dem Glazers made was, they did not restructure the organization, and take the loan above Man uTd level (like put it in an entity above the club so man utd looks debt free on the surface). That’s what Abramovich and other club owners did and are still doing. I am sure there are reasons why the Glazers have not structured it that way.

Unfortunately, we don’t have access to financials of City Football Group, because it’s not a listed entity. I am sure there is a lot of debt in the books of the entity, while City and other clubs owned by City Football Group appear debt free. If the banks decide to go after their monies, the subsidiaries (e.g. Man City) will be in trouble.

No emotions. Facts. Football is business.

Skimpledawg:

na ingested Oga Bayo.

We go swallow the fixtures ... You scummy

Pastor Skimple

Na person won buy Arsenal so. Spotify guy and some other people.

Baba is ready to talk business.

No be to enter field. Boycott games, wear your old jersey, don't buy new ones.

Fans get power but no go use am.

Skimpledawg:

na ingested Oga Bayo.

We go swallow the fixtures ... You scummy

So you dey bet too?!

TrebleChamp:
The bolded

odizeey:

Pastor Skimple

Points should be deducted ffs

odizeey:


No emotions. Facts. Football is business.

That's part of the issue. You cannot remove the emotions out of football completely. It has to be a healthy mix of emotions and business.

Skimpledawg:
Leyqute, you son of Nimrod, have they deducted points yet from you scummies for the show of shame displayed yesterday?

Kindly fokoff, dear profeth

MRTA7:


That's part of the issue. You cannot remove the emotions out of football completely. It has to be a healthy mix of emotions and business.

People act like robots without remorse, sympathy or empathy. Detaching themselves from humanity, going with the phrase "football is business" but You need the fan base o...they’re emotional and fanatical...lots of them buy full Season Ticket upfront. if the fan base is destroyed, it affects the valuation of the business.


Yeah you need to be ruthless in business but at what cost? I no fit work with people with that kind of mentality they might be successful but not for long.

Skimpledawg:

Points should be deducted ffs

How are we sure it's not Chelsea fans that went there yesterday, disguising?

MRTA7:


That's part of the issue. You cannot remove the emotions out of football completely. It has to be a healthy mix of emotions and business.

Can you convert emotions to cash?

Panther7:
People act like robots without remorse, sympathy or empathy. Detaching themselves from humanity, going with the phrase "football is business" but You need the fan base o...they’re emotional and fanatical...lots of them buy full Season Ticket upfront. if the fan base is destroyed, it affects the valuation of the business.


Yeah you need to be ruthless in business but at what cost? I no fit work with people with that kind of mentality they might be successful but not for long.

Yeah. Na people for here dey chase De Gea now when fresh boy don show.

When Fernandez came they said Pogba out.

You forgot emotions that time o.

Where was emotions when Fred was our best player before Fernandez came? Now they want him out because he makes mistakes.

odizeey:


Yeah. Na people for here dey chase De Gea now when fresh boy don show.

When Fernandez came they said Pogba out.

You forgot emotions that time o.

I guess you missed the part where I said fans are emotional and fanatical, it's expected from fans that's why you can't take the emotions out of the game.

odizeey:

Can you convert emotions to cash?

Can you have football without the fans emotions?

A very good article on Bloomberg. Take note of the equity amount contributed when acquiring (about 33% of total purchase price), how much they've taken out (less than equity amount invested), and the fact that capital appreciation may never be realized unless some billionaire coughs out close to $3 billion dollars for the club.

Emotional fans, you are on a long thing, if you don't find a willing buyer. Glazers won't sell until they realize their capital and get good returns because if they had invested in other ventures in 2005, they would have realized both capital and returns by now.

Who Would Spend Billions to Buy Manchester United and Arsenal?

Without a European Super League, owners are left with teams whose value can only be realized by selling up.

Soccer is not a very good business. That’s why the billionaire owners of Manchester United Plc. and Arsenal F.C. wanted to join the ill-fated European Super League. Now that those plans have combusted, the owners are left with teams whose value can only be realized by selling up. The problem is, there are no rational buyers for clubs with a sticker price in the billions of dollars.

United fans perennially complain about how much money the Florida-based Glazer family has taken out of the club since buying it in 2005. From a combination of dividends, consulting fees, proceeds from the 2012 initial public offering and a $96 million stake sale just last month, the Glazers have received, by my calculations, about $375 million in cash from Man Utd since 2005.


As a headline number, that’s a lot of money. But it averages out to $25 million a year, or the same as the annual salary of David de Gea, the Spanish goalkeeper who’s reportedly the team’s highest-earning player. On that basis, they may not yet have even covered the cost of their initial investment 1 .

In other terms, however, they have recorded massive gains on what they put in. The family’s 790 million-pound ($1.1 billion) takeover was a leveraged buyout — it was funded by debt to be repaid from the company’s future profits. That debt has already cost Manchester United almost 1.1 billion pounds in the form of both interest and debt repayments. That’s money that could have been used on the playing squad, but has instead repaid the family’s takeover costs. That cash has translated into the Glazers’ 75% stake in the club, which is now valued at $2.1 billion. Even the dividends are partly debt funded.

Through this lens, the six Glazer siblings have generated a return of about 500% on their initial outlay. But because it’s mostly in the form of stock, the value is largely theoretical. They don’t have $2.1 billion sitting in a bank account. As long as there’s scope for the share price to improve, it makes sense for the family to hang onto it. The Super League provided such scope by promising not just to increase revenue but also to cap salary costs. Indeed Man Utd’s stock jumped 10% after the competition was announced, before falling again after the tournament’s rapid demise.

Since any imminent prospect of a Super League is dead, the club’s financial prospects will remain closely tied to its on-field performance. That and the lack of salary caps makes profit hard to predict — that’s unlike U.S. sports such as the NFL or NBA, where teams can’t fall out of the top division based on their performance, and there are strict rules about wage spending. No matter how much lucrative broadcast deals boost soccer revenue, the clubs just end up spending more on player salaries. In 2011, Man Utd allocated 46% of its 331 million pounds in revenue on wages. Last year, revenue had jumped to 509 million pounds, but salaries gobbled up an even greater proportion of income, at 56%.

As such, now seems as good a time as any for the Glazers to crystallize the value of their holding by selling it, and reinvest the proceeds somewhere else with better financial prospects, like an index fund.

The same applies to Stan Kroenke, the American billionaire owner of Arsenal Holdings Plc. Even though the team has spent less on the playing squad and has lower financing costs — it’s still repaying debt raised in 2006 to fund a new stadium — it’s less profitable than Man Utd. Unlike the Glazers, Kroenke has never extracted a dividend, and said on Tuesday that he has no plans to sell. However, Spotify Technologies SA co-founder Daniel Ek, a self-proclaimed lifelong Arsenal fan, has declared his interest in buying the London-based club.

Fans should be careful what they wish for. Although the Bloomberg Billionaires Index values Ek at $4.7 billion, 97% of that stems from his stake in Spotify. It’s hard to imagine the Swede selling down his ownership of the music streaming platform to fund a deal for the club, which was valued at 1.8 billion pounds when Kroenke completed his takeover in 2018. So any deal would likely require a lot of leverage, creating a situation akin to what happened when Manchester Utd was bought. And fans don’t like seeing profits go to pay off debt.

The problem for both teams is that without significant changes to the financial structure of professional soccer — at least to ensure sustainable profits — there aren’t many serious businessman who would pony up the cash to acquire them. What’s left are irrational buyers with agendas other than profit, such as sovereign wealth funds eager to burnish their nations’ standing.

A Super League would have made their teams profit machines. Its failure means the Glazers and Kroenke are now left holding assets that are extremely valuable in theory, but that generate little cash and whose value is all-but-impossible to realize in its entirety.

The Glazers invested at most 272 million pounds of their own capital in the club when they acquired, though it's possible some of that was also funded by debt. At 2005 exchange rates, that would have been $507 million.

https://www.bloomberg.com/opinion/articles/2021-04-30/european-super-league-who-would-spend-billions-to-buy-manchester-and-arsenal

odizeey:


How are we sure it's not Chelsea fans that went there yesterday, disguising?

I'm shocked that you are shocked for realizing that you have scums as fans.

Like 15 points should be deducted to serve as a deterrent to avoid a repeat.

Rabbish!

Panther7:
People act like robots without remorse, sympathy or empathy. Detaching themselves from humanity, going with the phrase "football is business" but You need the fan base o...they’re emotional and fanatical...lots of them buy full Season Ticket upfront. if the fan base is destroyed, it affects the valuation of the business.


Yeah you need to be ruthless in business but at what cost? I no fit work with people with that kind of mentality they might be successful but not for long.

When you want to sign Sancho and Dortmund calls 90M for you, can you table the 90M in emotions and give to Aki Watzke

When its time to renew Penandes contract, table that 400K a week of emotions and he will take it

Skimpledawg:

I'm shocked that you are shocked for realizing that you have scums as fans.

Like 15 points should be deducted to serve as a deterrent to avoid a repeat.

Rabbish!

na shekpites way be that.

raumdeuter:


When you want to sign Sancho and Dortmund calls 90M for you, can you table the 90M in emotions and give to Aki Watzke

When its time to renew Penandes contract, table that 400K a week of emotions and he will take it

ABI na. They'll gladly take it.

Source: https://www.bloomberg.com/opinion/articles/2021-04-30/european-super-league-who-would-spend-billions-to-buy-manchester-and-arsenal

The first picture shows the valuation of Utd. Unrealized! Returns earned cannot be realised until they sell at min of $3 billion enterprise value.

Second picture shows performance of Utd shares relative to the broad S&P index. If an investor had invested in the market vs Man Utd stock, they would have earned massive returns, compared to man utd.

Third picture just shows the level of underperformance by Arsenal and Man utd. Man u still try na, Arsenal no even try at all.

odizeey:

ABI na. They'll gladly take it.

And 2 months down the line, the same emotional and passionate fans who don't want debt, dont want expensive gate fees will want a 120M Haaland and start cursing and swearing for the other

Soup wey sweet na money kill am