saulman wrote:I'm sure this has been mentioned somewhere but I've just been reading yesterdays MEN and there's an advert for tickets to the Semi Final at their place.
Now it's not too long ago that some rag was giving me shit because City were taking out huge ads in the MEN advertising for games and he was saying that THEY never need such things because they have a properly supported club.
Also, I'm sure this has been posted somewhere, but Fred Done had some interesting comments the other day
http://www.crainsmanchesterbusiness.co. ... 1/breakingOh, how the mighty fall. Cunts.
I would be extremely surprised if this bond was anywhere near fully taken up. Institutional investors wont touch this with a bargepole, and private wealthy individuals are generally wealthy because they are not stupid.
The ongoing viability of the business is highly questionable, as their ability to compete in the transfer market 100% hinges on Champions League money. We have already seen a depletion to the quality of the squad with Ronaldo money not being spent yet still finding a big hole in the books. When this hole in the books is combined with the problems of an ageing squad, a soon to retire manager - one chunk of missed income like that could easily cause the wheels to come off, simply because they wouldnt be able to find the money to allow a new manager to replace those players who are retiring.
Plus, if anyone wants to sell their bond before redemption, they are likely to lose a lot of money. Global interest rates over the term of the bond WILL recover, and with each step to recovery the market value of the bond is going to fall.
The only possibility that the bond could increase in price is if the financial situation at United improves to an extend that it becomes an investment grade bond - but that would never, ever happen to a football club because the income shifts from one year to the next can be huge.