Usmanov

[james2805]

So 100m then

Gets you one player of quality these days lol

 

[Death]

Firstly he was no friend of mine. Secondly I liked the post from the Mod who banned him.

This is good buddy. Now let's move forward and apologise to Catcher. Its understandable you are scared and have licked to boot of groucho to compensate. Catcher may not be a mod but he will give you death by paragraph. You must repent.

 

[gwladysnight]

I've asked why somebody is throwing about needless amd threatening insults, and asked if he wanted to discuss it in person. Unsurprisingly he has disappeared again and doesnt feel quite so brave now.

I mean I disagree with things you say (and as it happens agree with other bits which seem to go over your head) but I cant imagine a world where I'd start demanding to know your job, your age and swearing aggressively at you if you were willing to put certain reasonable conditions on answering them.

It just felt very odd behaviour to me, and to be fair for all of your slightly odd insults you've never really ventured down the threatening route which is appreciated.

As for the broader position you make, I agree with a lot of what you say. Going to "B rate" lenders is not a particularly good look and the club is not particularly effectively ran. Nor does there seem to be a coherent vision in place.

I've never held the view that Usmanov will formally come on board, or that hes definitely in the background, but my suspicions are not massively raised by the existence of said loan. Yours are, which is perfectly understandable as a position too. But what is life if people cant disagree?

I appreciate your honesty Catcher.

The barbed comments were tongue in cheek. To be fair you give as good as you get.

The thing is as you have said the club is incredibly badly run and has taken out three loans in the last 10 months and is looking for a further £100m investment for players plus 500m+ for the BMD. If you are not 100% sure that Usmanov is in the background then like me you must fear that there is an existential threat to the club we both love.

It is fine pumping money into a club, but that money has to lead to success on the pitch and a subsequent increase in revenues. That is how Abramovich did it and that is how Mansoor did it.

We are racking up massive debts whilst standing still. The banks won't touch us, and we are paying way over the odds to borrow money.

 

[gwladysnight]

This is good buddy. Now let's move forward and apologise to Catcher. Its understandable you are scared and have licked to boot of groucho to compensate. Catcher may not be a mod but he will give you death by paragraph. You must repent.

I have liked your post. I am playing the long game in the off chance you become a Mod sometime in the future.

 

[Daveysgingerlovechild]

I have liked your post. I am playing the long game in the off chance you become a Mod sometime in the future.

He's defo on the waiting list

 

[Death]

He's defo on the waiting list

Its an honour just to be nominated Mr Love Child. Lets pray they never bestow this power upon me.

 

[catcherintherye]

I appreciate your honesty Catcher.

The barbed comments were tongue in cheek. To be fair you give as good as you get.

The thing is as you have said the club is incredibly badly run and has taken out three loans in the last 10 months and is looking for a further £100m investment for players plus 500m+ for the BMD. If you are not 100% sure that Usmanov is in the background then like me you must fear that there is an existential threat to the club we both love.

It is fine pumping money into a club, but that money has to lead to success on the pitch and a subsequent increase in revenues. That is how Abramovich did it and that is how Mansoor did it.

We are racking up massive debts whilst standing still. The banks won't touch us, and we are paying way over the odds to borrow money.

In fairness I dont go round randomly calling people names or insinuating they are "sh1tbags" or whatever. We have disagreed a fair bit, but havent once said anything of that nature to you, and you to me. You kind of hope on a forum people can agree, at times fervently disagree without that sort of nonsense. I appreciate you saying hes no mate of yours and I can see that. The two behaviours are markedly different.

Anyway onto tbe substance. I'm not sure we will need 500m+ for the stadium. I think we may see some deflationary pressures and most estimates were for 350 ish. I'd imagine they will structure the repayments over a medium term and will be covered by (a quite generous) USM type sponsorship. So I dont worry about the stadium.

The additional loans are an issue. Theres no doubt money is being pumped in, but its without a plan. And this might sound strange, but it's not enough, and never will be enough to be able to give us success without a plan. I know it worked with Chelsea and City, but inflation in the game meant they were spending proportionately much more. They were both number 1 in tbe league, in net and growth spends, but massive margins in those phases of recruitment. We have gone from around 3rd to 7th in both categories.

So I'm not sure he club should be looking at Chelsea/City as their model, which to varying degrees they will do. Copying them would still probably work, but in a world with in inflation and FFP I'm not sure you can ever copy such an approach again, if that makes sense?

The borrowing is a concern but what concerns me more is what value are we getting from the borrowing. While I dont want to get into the investment jargon again, we seem to borrow money but dont really put it to much use. It just feels like a cultural issue and the norm that we can keep borrowing, which concerns me.

Personally I would go and get a known Chairman and CEO to come into the club, and then give Brands free reign to begin to model what he did at PSV here. My choices for the above 2 would be Terry Leahy and Brian Gilvary. I think if we did the above 2-3 things, the club would get a different feel.

As for Usmanov, I have no idea if hes on board, but to some degree it's a bit of a distraction. I probably urr on the side he is, but am more cautious in that I doubt he will ever come into the open with it. But what would matter more than his involvement now, would be to get a proper structure at management level.

 

[gwladysnight]

In fairness I dont go round randomly calling people names or insinuating they are "sh1tbags" or whatever. We have disagreed a fair bit, but havent once said anything of that nature to you, and you to me. You kind of hope on a forum people can agree, at times fervently disagree without that sort of nonsense. I appreciate you saying hes no mate of yours and I can see that. The two behaviours are markedly different.

Anyway onto tbe substance. I'm not sure we will need 500m+ for the stadium. I think we may see some deflationary pressures and most estimates were for 350 ish. I'd imagine they will structure the repayments over a medium term and will be covered by (a quite generous) USM type sponsorship. So I dont worry about the stadium.

The additional loans are an issue. Theres no doubt money is being pumped in, but its without a plan. And this might sound strange, but it's not enough, and never will be enough to be able to give us success without a plan. I know it worked with Chelsea and City, but inflation in the game meant they were spending proportionately much more. They were both number 1 in tbe league, in net and growth spends, but massive margins in those phases of recruitment. We have gone from around 3rd to 7th in both categories.

So I'm not sure he club should be looking at Chelsea/City as their model, which to varying degrees they will do. Copying them would still probably work, but in a world with in inflation and FFP I'm not sure you can ever copy such an approach again, if that makes sense?

The borrowing is a concern but what concerns me more is what value are we getting from the borrowing. While I dont want to get into the investment jargon again, we seem to borrow money but dont really put it to much use. It just feels like a cultural issue and the norm that we can keep borrowing, which concerns me.

Personally I would go and get a known Chairman and CEO to come into the club, and then give Brands free reign to begin to model what he did at PSV here. My choices for the above 2 would be Terry Leahy and Brian Gilvary. I think if we did the above 2-3 things, the club would get a different feel.

As for Usmanov, I have no idea if hes on board, but to some degree it's a bit of a distraction. I probably urr on the side he is, but am more cautious in that I doubt he will ever come into the open with it. But what would matter more than his involvement now, would be to get a proper structure at management level.

In the latest planning application the estimated cost of BMD had already gone up to £505m. Construction experts have indicated that to be on the low side and that £700m is more realistic.

Regarding Leahy he was a disaster at Tesco and increased debts from £1bn to £7bn. The increase in debt was used to fuel an inadvisable expansion. Most of that expansion resulted in sell-offs and closures.

 

[Gwladys St. Glory]

I don’t know what is going on but I just want someone to tell me if we are rich or broke?

It's all relative...just go have a pint.

 

[Zatara]

Liverpool have a revolving credit facility with the Nat West bank at 1.21%.

View attachment 128362

United has a Revolving credit Facility with Bank of America at 1.25%-1.75% above Libor/Euribor.

Man Utd draws down loan for potential player buys

Premier League football club Manchester United has drawn £140m of its £150m (US$184.34m) syndicated revolving credit facility (RCF), which could potentially be used to fund player acquisitions, after the club’s operating cash flows were hit by the Covid-19 crisis.

www.reuters.com

Manchester United said it precautionarily drew funds from the RCF to increase its cash position, preserve financial flexibility and maintain liquidity during the crisis.


The secured RCF, which matures in April 2025, pays a margin ranging from 125bp to 175bp over Libor/Euribor, depending on leverage.

My word, you dont know what youre talking about...

 

[Death]

Why are you getting aggressive? Do you think you come across as some sort of hard case because you can swear at people online?

Let me give some advise to you, you dont. You just come across as a bit desperate. It's really cowardly/inane behaviour really that we all know you would never replicate in real life. If you ever want to back up your insults, I'll happily meet you at any Everton match, just let me know which ones you attend and we will see if you fancy it.

Now as we've said, when you have the courage to answer the question I asked you, long before your question to me, I will consider your question.

So stop mouthing off, have a bit of integrity for once, and answer the question. It's not hard is it?

 

[Noble Savage]

I'm totally lost . I thought I was keeping up until I began to become confused with the most important matter .
Is Gwladysnight a red ?
I'm also nodding with agreement with Zat. This is the craziest thread since the legendary ringtone one .
If anyone can sum up , I'll be very grateful .

 

[Terrarian]

Ussie spend some money

 

[Zatara]

I'm totally lost . I thought I was keeping up until I began to become confused with the most important matter .
Is Gwladysnight a red ?
I'm also nodding with agreement with Zat. This is the craziest thread since the legendary ringtone one .
If anyone can sum up , I'll be very grateful .

@catcherintherye and @gwladysnight were going back/forth about Everton borrowing money offshore rather than from 'high street'/tier one banks.

Gwladys picked up some throw away comment by Catcher about borrowing money (and paying interest on it) to generate more money.

More back/forth.

They then disputed interest levels with Catcher talking about 7% and Gwladys saying 3% (and below).

I then asked Gwladys which institution is loaning at 3% interest (taking the higher number to play fair).

Gwladys provided examples of (up to) 15 years ago + credit facilities + fixed rate bonds...

Sadly no straight 'vanilla' loans over £100mil at 3%.


*for what its worth, im seeing loans of £10mil-£50mil range at around 6-9% from and to regulated financial institutions at the monent. One or two triple digits.

Hence why i picked Gwladys up on the 3%.

As for the rest of it...its a bit more boring

 

[Brisan123]

Firstly he was no friend of mine. Secondly I liked the post from the Mod who banned him.

Fooling nobody at this stage and the really sad part is either
You cannot see it
Or you think you can bluff your way through it
You’ve had one yank style meltdown, your next and hopefully final one will hopefully be glorious and set new standards