Latest PSU headlines:

Page 1129 of 1229 FirstFirst ... 111911291139 ... LastLast
Results 28,201 to 28,225 of 30703
  1. #28201
    Earthbound
    dc89's Avatar
    Join Date
    Jan 2008
    Location
    Taking my seat at the Fancy Pets Council
    Age
    25
    Posts
    15,674
    Rep Power
    108
    Points
    2,210 (72 Banked)
    Items Final Fantasy VIIFinal Fantasy VIIIFinal Fantasy IX
    Achievements IT'S OVER 9000!
    I think the point I'm trying to make is United fans have been lied to for the whole Glazer ownership period.

    Sure, it was plain to see. But it doesn't excuse the fact you've all been lied to by the manager and Chief Exec. If United were a bank, they'd be pressured to resign or something.
    Quote Originally Posted by neoxthexone View Post
    DC is the hero PSU deserves, but not the one it needs right now. So we'll ban him, because he can take it. Because he's not a hero. He's a single guardian, a watchful protector. The DC.

  2. Likes LC77 likes this post
  3. #28202
    Ultimate Veteran
    Tutankhamun's Avatar
    Join Date
    Aug 2006
    Age
    24
    Posts
    21,503
    Rep Power
    128
    Points
    2,334 (16,356 Banked)
    Achievements IT'S OVER 9000!
    Quote Originally Posted by dc89 View Post
    I think the point I'm trying to make is United fans have been lied to for the whole Glazer ownership period.

    Sure, it was plain to see. But it doesn't excuse the fact you've all been lied to by the manager and Chief Exec. If United were a bank, they'd be pressured to resign or something.
    I don't feel lied to. There's nothing in the filling (from what I've seen) to suggest the debt or the Glazers have upon this day impacted the business. They have declared that it may in the future. You have to understand they must declare every possible direction the bussines may take in an SEC filling. It doesn't mean it will happen simply that it may.
    Other opinions are available.

  4. #28203
    Master Guru
    manutdfan's Avatar
    Join Date
    May 2009
    Location
    The Port
    Posts
    6,607
    Rep Power
    59
    Points
    33,405 (0 Banked)
    I just hope the Glazers sell the club!!!!
    20...

  5. #28204
    Dedicated Member

    Join Date
    May 2008
    Posts
    1,096
    Rep Power
    49
    Points
    6,279 (0 Banked)
    Quote Originally Posted by Tutankhamun View Post
    Man United will register as a company in the Cayman Islands and are seeking to list stock in that company on the New York Stock Exchange (Wall Street). They will offer an IPO (initial public offering) to give investors an opportunity to buy stock. This will then generate revenue. If it will be good for United is hard to say right now.
    Long-term, they may offer to sell more stocks and thus reducing/giving up their ownership of United. I would say this is a necessary step the Glazers have to do to create income hopefully they use said income to pay off the debt. This is also a step for them to ultimately sell Man United but who knows how and when such a deal can happen and in what terms it would be made.

    It is also very important to understand what SEC filling is, such a filling is required by the U.S government to list stock it includes forward looking statements that may or may not come to fruition. Therefor, it is important not to read too much into such a document. But it does give an unique outlook into the thinking of the management of Man United.
    Not with the type of shares they are offering. The Glazer mafia will never sell the golden goose I'm afraid. And why would anybody sell a business that makes money? If and when they ever clear the debts, they will be quids in.

    The thing that jumps out is the Cayman Islands. With all the tax avoidance going on in the UK, have the Glazers now slapped a huge target on OT?

    When Cameron hears about this, he will have a lob on.


    Quote Originally Posted by dc89 View Post
    It's good and bad. But more so, it's sad it's had to come to this. And I feel it could be a case of it being 6/7 years too late. Reading it makes you realise the Glazer take over is the worst thing that could have happened to United.

    I'll give you some key chunks:

    United's wage bill for 2011 was £135.57m.

    United's interest bill for 2011 was £167.5m.

    Document also states that between 2009 and 2011, United paid £244.916m in interest on the debt.

    in 2010 United borrowed £502m to pay off the PIK's.

    if they float in the US they are then liable to pay US income tax which is currently at 35%. United will operate in the UK so they will also pay the going rate in the UK too. Two tax bills to pay.

    Finally the document has admitted, and I quote, "debt may affect our ability to compete for players and coaching staff". NEVER have United admitted that before, which leads us on to Gill and Fergie who have defended the Glazers to the hilt.

    Gill: "Debt doesn't impact what we do."

    Document: "Our indebtedness could adversely affect our financial health and competitive position."

    Gill: "There has been no impact in terms of our transfers."

    Document: "Debt reduces cash flow to fund the hiring and retention of players.".

    They have lied to United fans for years. Fergie didn't have to say anything negative against the owners. His silence would have been enough.

    The sad thing though is Fergie will probably be asked to speak in a video or a presentation about this prospectus an lie again. No one can doubt the man is a genius, the best footballer manager of all time but his support of the Glazers is ridiculous.

    And he'll probably ban any journalist who has the balls to question him on this.
    Not sure you're correct on this.

    Don't they only have to pay tax on the initial sale of shares? And isn't that the reason they are moving to the Cayman Islands regarding income tax? The only income tax the new company will pay, will be on money made within the UK, all monies from the rest of the world will go via the Cayman Islands.

    Seems to be common with US companies, Amazon & Apple do similar a thing.

    Davil Gill, August 2004, "debt is the road to ruin".
    Last edited by LC77; 07-04-2012 at 13:15.

  6. #28205
    Master Poster
    santinomarella's Avatar
    Join Date
    Nov 2008
    Age
    24
    Posts
    3,485
    Rep Power
    53
    Points
    7,092 (0 Banked)
    Items Battlefield 3Assassins Creed EzioPlayStationManchester UnitedGoogle Chrome
    Quote Originally Posted by three3-times View Post
    Yes we need a back up, but we should be looking for someone who can eventually replace him, baines is only 4 years younger than pat and soooooooooooo average, but like i mentioned, all the best LB's are gone.

    Pat has been on the the decline since the World Cup. Still love the guy.
    Which is probably why Fabio has gone out on loan. If he can have a good season then he could be making regular first team appearances in the 13/14 season. Just like Cleverley and Welbeck in recent years who had good loan spells then returned to got more first team opportunities.


  7. #28206
    Ultimate Veteran
    Tutankhamun's Avatar
    Join Date
    Aug 2006
    Age
    24
    Posts
    21,503
    Rep Power
    128
    Points
    2,334 (16,356 Banked)
    Achievements IT'S OVER 9000!
    Quote Originally Posted by LC77 View Post
    Not with the type of shares they are offering. The Glazer mafia will never sell the golden goose I'm afraid. And why would anybody sell a business that makes money? If and when they ever clear the debts, they will be quids in.
    There is a few instances where they theoretically could be better of selling. One would decline in growth. Another would be a bid coming through that is big enough for them to decide they are better off taking their winnings and getting out. Owning a football team isn't a stable business, there are considerable risks with it. At some point, the Glazers will sell because they are betting against the odds so to speak, sooner or later something may blow up. It might be legislation's from the government or FIFA rules etc making it less profitable to own football clubs.

    Quote Originally Posted by LC77 View Post
    The thing that jumps out is the Cayman Islands. With all the tax avoidance going on in the UK, have the Glazers now slapped a huge target on OT?

    When Cameron hears about this, he will have a lob on.
    As detailed in the SEC filling, there will be subsidiaries to Man United and those subsidiaries will pay taxes in their respective countries. Including the U.K where the majority of the revenue will come from.

    Quote Originally Posted by LC77 View Post
    Not sure you're correct on this.

    Don't they only have to tax on the initial sale of shares? And isn't that the reason they are moving to the Cayman Islands regarding income tax? The only income tax the new company will pay, will be on money made within the UK, all monies from the rest of the world will go via the Cayman Islands.

    Seems to be common with US companies, Amazon & Apple do similar a thing.

    Davil Gill, August 2004, "debt is the road to ruin".
    Apple is listed in Delaware in the U.S still.
    Other opinions are available.

  8. #28207
    Dedicated Member

    Join Date
    May 2008
    Posts
    1,096
    Rep Power
    49
    Points
    6,279 (0 Banked)
    Quote Originally Posted by Tutankhamun View Post
    Apple is listed in Delaware in the U.S still.
    But pays taxes elsewhere.

    http://www.nytimes.com/2012/04/29/bu...ions.html?_r=3
    Last edited by LC77; 07-04-2012 at 13:21.

  9. #28208
    Ultimate Veteran
    Tutankhamun's Avatar
    Join Date
    Aug 2006
    Age
    24
    Posts
    21,503
    Rep Power
    128
    Points
    2,334 (16,356 Banked)
    Achievements IT'S OVER 9000!
    Quote Originally Posted by LC77 View Post
    Apple is a global company they pay taxes in a lot of places. If you want to bring back money to the U.S you'd pay taxes then on the money collected in other places. So it's supposed to even itself out but most companies just keep their money abroad. More than 50% of Apple's cash is actually abroad.
    Other opinions are available.

  10. #28209
    Super Carlton
    33x's Avatar
    Join Date
    Dec 2007
    Location
    SW London
    PSN ID
    JMEWalterblack
    Age
    33
    Posts
    13,373
    Rep Power
    101
    Points
    30,178 (0 Banked)
    Items PS3 Slim360 SlimiPhone 4 BlackGears of WarGoogle ChromeManchester UnitedUser name style
    Achievements IT'S OVER 9000!
    huh?

    Of course the glazers have $#@!ed us as a club!!! how can any fan think differently?!!?!?

    no value in the market, means i have no money to get who i want

    Thanks to Final for the sick sig!

  11. #28210
    Earthbound
    dc89's Avatar
    Join Date
    Jan 2008
    Location
    Taking my seat at the Fancy Pets Council
    Age
    25
    Posts
    15,674
    Rep Power
    108
    Points
    2,210 (72 Banked)
    Items Final Fantasy VIIFinal Fantasy VIIIFinal Fantasy IX
    Achievements IT'S OVER 9000!
    Quote Originally Posted by LC77 View Post
    Not with the type of shares they are offering. The Glazer mafia will never sell the golden goose I'm afraid. And why would anybody sell a business that makes money? If and when they ever clear the debts, they will be quids in.

    The thing that jumps out is the Cayman Islands. With all the tax avoidance going on in the UK, have the Glazers now slapped a huge target on OT?

    When Cameron hears about this, he will have a lob on.




    Not sure you're correct on this.

    Don't they only have to pay tax on the initial sale of shares? And isn't that the reason they are moving to the Cayman Islands regarding income tax? The only income tax the new company will pay, will be on money made within the UK, all monies from the rest of the world will go via the Cayman Islands.

    Seems to be common with US companies, Amazon & Apple do similar a thing.

    Davil Gill, August 2004, "debt is the road to ruin".
    You are correct. I misunderstood
    Quote Originally Posted by neoxthexone View Post
    DC is the hero PSU deserves, but not the one it needs right now. So we'll ban him, because he can take it. Because he's not a hero. He's a single guardian, a watchful protector. The DC.

  12. #28211
    Dedicated Member

    Join Date
    May 2008
    Posts
    1,096
    Rep Power
    49
    Points
    6,279 (0 Banked)
    Quote Originally Posted by dc89 View Post
    You are correct. I misunderstood
    Tax and understanding is not something that belong in the same sentence.

    All I know is. If it looks like a Cayman, talks like a Cayman, chances are its a tax haven.

    http://www.guardian.co.uk/football/2...?newsfeed=true

  13. #28212
    Forum Elder
    Abdou23's Avatar
    Join Date
    Sep 2008
    Location
    Egypt
    PSN ID
    Abdou023
    Age
    27
    Posts
    2,547
    Rep Power
    50
    Points
    11,334 (0 Banked)
    All they need to do is start a rumour that they willing to sell the club for the right price. 2 hours later at least 2 persons from the Middle East will make them an offer they can't refuse. I don't know why they don't just do that and get it over with.

    PSN: Abdou023
    Currently Playing: GTA 5

  14. #28213
    Veteran
    yourmumsface17's Avatar
    Join Date
    Sep 2007
    Age
    24
    Posts
    4,596
    Rep Power
    65
    Points
    14,867 (0 Banked)
    Items Firefox LogoPS3 SlimUser name style
    Quote Originally Posted by Abdou23 View Post
    All they need to do is start a rumour that they willing to sell the club for the right price. 2 hours later at least 2 persons from the Middle East will make them an offer they can't refuse. I don't know why they don't just do that and get it over with.
    Already done that, I offered them £20 and a season pass to Sea World.

    They turned it down

  15. Likes John25 likes this post
  16. #28214
    Master Guru
    manutdfan's Avatar
    Join Date
    May 2009
    Location
    The Port
    Posts
    6,607
    Rep Power
    59
    Points
    33,405 (0 Banked)
    Still very doubtful we can afford players like Modric under the Glazers.
    20...

  17. #28215
    Ultimate Veteran
    Tutankhamun's Avatar
    Join Date
    Aug 2006
    Age
    24
    Posts
    21,503
    Rep Power
    128
    Points
    2,334 (16,356 Banked)
    Achievements IT'S OVER 9000!
    Van Persie is leaving Arsenal. I can't imagine Fergie not kicking the tires to find out the price here. Personally I'm not sure he can stay healthy enough to play in a top team.
    Other opinions are available.

  18. #28216
    Earthbound
    dc89's Avatar
    Join Date
    Jan 2008
    Location
    Taking my seat at the Fancy Pets Council
    Age
    25
    Posts
    15,674
    Rep Power
    108
    Points
    2,210 (72 Banked)
    Items Final Fantasy VIIFinal Fantasy VIIIFinal Fantasy IX
    Achievements IT'S OVER 9000!
    Quote Originally Posted by Tutankhamun View Post
    Van Persie is leaving Arsenal. I can't imagine Fergie not kicking the tires to find out the price here. Personally I'm not sure he can stay healthy enough to play in a top team.
    Arsenal are a top team. He carried them, he can do it all right.
    Quote Originally Posted by neoxthexone View Post
    DC is the hero PSU deserves, but not the one it needs right now. So we'll ban him, because he can take it. Because he's not a hero. He's a single guardian, a watchful protector. The DC.

  19. #28217
    Master Sage
    Firefox's Avatar
    Join Date
    Jan 2006
    Location
    Canada
    Age
    23
    Posts
    13,371
    Rep Power
    108
    Points
    10,524 (0 Banked)
    Items Firefox LogoBruce LeeArsenal
    Achievements IT'S OVER 9000!
    Carried a big part of the scoring but without people like Arteta we definitely would have been outside the top 4.

  20. #28218
    Dedicated Member

    Join Date
    May 2008
    Posts
    1,096
    Rep Power
    49
    Points
    6,279 (0 Banked)
    Anyone else get a bit of deja-vu with the RVP statement? I think Rooney lent him his agent to write it.

    Football really is going down the toilet, when players start trying to dictate what direction they think the club should be going.

    Now is the time for a very, very cheeky Wilshire bid.

  21. Likes Nitey likes this post
  22. #28219
    Master Guru
    manutdfan's Avatar
    Join Date
    May 2009
    Location
    The Port
    Posts
    6,607
    Rep Power
    59
    Points
    33,405 (0 Banked)
    I still don't think we need Van P.
    20...

  23. #28220
    Super Carlton
    33x's Avatar
    Join Date
    Dec 2007
    Location
    SW London
    PSN ID
    JMEWalterblack
    Age
    33
    Posts
    13,373
    Rep Power
    101
    Points
    30,178 (0 Banked)
    Items PS3 Slim360 SlimiPhone 4 BlackGears of WarGoogle ChromeManchester UnitedUser name style
    Achievements IT'S OVER 9000!
    id love rvp, but he is city or chelski bound, id say chelski

    Thanks to Final for the sick sig!

  24. #28221
    Master Guru
    manutdfan's Avatar
    Join Date
    May 2009
    Location
    The Port
    Posts
    6,607
    Rep Power
    59
    Points
    33,405 (0 Banked)
    We've had enough injury prone players though.
    20...

  25. #28222
    Elite Guru
    berts08's Avatar
    Join Date
    Nov 2007
    Location
    N.Ireland
    PSN ID
    berts08
    Age
    31
    Posts
    5,592
    Rep Power
    78
    Points
    7,660 (4,000 Banked)
    Items User name styleManchester United
Gift received at 11-19-2011 from Cuguy
Message: couldn't find a reason the shop would deny you the purchase, so here ya go


    “Two possibilities exist: Either we are alone in the Universe or we are not. Both are equally terrifying.” Arthur C. Clarke


    PSN ID: berts08



  26. Likes Tutankhamun likes this post
  27. #28223
    Super Carlton
    33x's Avatar
    Join Date
    Dec 2007
    Location
    SW London
    PSN ID
    JMEWalterblack
    Age
    33
    Posts
    13,373
    Rep Power
    101
    Points
    30,178 (0 Banked)
    Items PS3 Slim360 SlimiPhone 4 BlackGears of WarGoogle ChromeManchester UnitedUser name style
    Achievements IT'S OVER 9000!
    why the $#@! have all of our opening fixtures been changed?

    Thanks to Final for the sick sig!

  28. #28224
    Dedicated Member

    Join Date
    May 2008
    Posts
    1,096
    Rep Power
    49
    Points
    6,279 (0 Banked)
    Quote Originally Posted by three3-times View Post
    why the $#@! have all of our opening fixtures been changed?
    Look up and what do you see? Sky.

    Anyone heard of this Lucas Moura?

    http://www.dailymail.co.uk/sport/foo...=feeds-newsxml


  29. #28225
    Dedicated Member
    nofear01's Avatar
    Join Date
    Feb 2008
    Age
    32
    Posts
    1,007
    Rep Power
    50
    Points
    2,136 (0 Banked)
    Holy $#@!!!!! Who is this guy? Never heard of him - He has some of the best skills I have ever seen when running full speed!

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

PSU

Playstation Universe

Reproduction in whole or in part in any form or medium without express written permission of Abstract Holdings International Ltd. prohibited.
Use of this site is governed by our Terms of Use and Privacy Policy.

vBCredits II Deluxe v2.1.0 (Pro) - vBulletin Mods & Addons Copyright © 2010-2014 DragonByte Technologies Ltd.