It's interesting to read the 51 risk factors listed in the filing, the one that makes me puke most, comes first under the heading, risk relating to our indebtedness and reads our indebtedness could adversely affect our financial health and competitive position. Replace could with is and you will find the reason for the IPO in the first place.
The rest just spells out all we already know and loathe. And in the very week when we found out the financial system is as rotten to the core as some of us have suspected all along the have decided to move us from the dodgy tax state of Delaware to the off shore tax haven, the Cayman islands. Are we going down the Leeds United road.
Andersred tweeted last night that in his opinion this is good news, in that the debt that they have loaded onto the club and that we all knew was weighing down the club's ability to compete will start to be payed off. MUST went down that road in their intial response last night whilst noting the non voting rights of the new shares. It's hard to see why anybody would entertain buying that class of share, it seems the only way they would see a return on their investment is if the Glazer's sell the club, unless i have read it wrong. The banks will have their work cut out, of course Morgan Stanley did pull out of this after accusing the gimps of being greedy.
Apparently there has been talk of our Italian youngster Macheda being linked with a move to Turkey, he needs to go somewhere if he is to resurrect his career. I can't say i have ever really rated him, but it has to be said he hasn't had the best of luck with his loan moves. It doesn't say if the move would be permanent or if United are looking to loan him out again, but he probably needs to leave the club altogether and start again.
Rafael officially put pen to paper on a new four year contract with the club, as his brother Fabio officially announced a season's loan at premier league rivals QPR. I'm glad they picked another premier league club after the rumours linking him with Benfica, he needs to toughen up and play regular football, for that matter they both do.
The rest just spells out all we already know and loathe. And in the very week when we found out the financial system is as rotten to the core as some of us have suspected all along the have decided to move us from the dodgy tax state of Delaware to the off shore tax haven, the Cayman islands. Are we going down the Leeds United road.
Andersred tweeted last night that in his opinion this is good news, in that the debt that they have loaded onto the club and that we all knew was weighing down the club's ability to compete will start to be payed off. MUST went down that road in their intial response last night whilst noting the non voting rights of the new shares. It's hard to see why anybody would entertain buying that class of share, it seems the only way they would see a return on their investment is if the Glazer's sell the club, unless i have read it wrong. The banks will have their work cut out, of course Morgan Stanley did pull out of this after accusing the gimps of being greedy.
Apparently there has been talk of our Italian youngster Macheda being linked with a move to Turkey, he needs to go somewhere if he is to resurrect his career. I can't say i have ever really rated him, but it has to be said he hasn't had the best of luck with his loan moves. It doesn't say if the move would be permanent or if United are looking to loan him out again, but he probably needs to leave the club altogether and start again.
Rafael officially put pen to paper on a new four year contract with the club, as his brother Fabio officially announced a season's loan at premier league rivals QPR. I'm glad they picked another premier league club after the rumours linking him with Benfica, he needs to toughen up and play regular football, for that matter they both do.
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