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Mild chuckle.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Yeah, not as funny as it could have been.Originally posted by DanS
Mild chuckle.Comment
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To be honest, I'm sort of underwhelmed at the creativity of the Man U fans. I would have thought they could skewer Glazer a lot better, considering he owns the Buccaneers and the team logo is a pirate flag.
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Black shirts? 'hundreds of fans will protest' - not much in the greater scheme of things. It is looking like the takeover may indeed be 'business as usual' ?Last edited by child of Thor; May 19, 2005, 13:45.'The very basis of the liberal idea – the belief of individual freedom is what causes the chaos' - William Kristol, son of the founder of neo-conservitivism, talking about neo-con ideology and its agenda for you.info here. prove me wrong.
Bush's Republican=Neo-con for all intent and purpose. be afraid.Comment
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Well, to be fair, it said hundreds of fans will show up at the organizing meeting for the protest. Presumably, more would show up for the actual protest.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Turns out the guy is also postponing the interest payments on the loan until the end of the loan! (ITV News tonight)
So, have I got this right? He's got a loan using the club as collaterall and he won't even be paying interest on it until the end of the term when he has to pay it all?Comment
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Yeh, it's a loan with a balloon payment at the end.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Originally posted by reds4ever
So, have I got this right? He's got a loan using the club as collaterall and he won't even be paying interest on it until the end of the term when he has to pay it all?
Awww, the Yank didn't have a glorious plan for the club to magically make an extra £25m a year? And now he postpones the payment as much as he can? That's so cute
"I have been reading up on the universe and have come to the conclusion that the universe is a good thing." -- Dissident
"I never had the need to have a boner." -- Dissident
"I have never cut off my penis when I was upset over a girl." -- DisComment
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So (and please be patient, I'm a bit lost here!) if he does well it means he's made 'money for nothing' so to speak. If he doesn't do well, he have to realize *a lot* of money from somewhere to pay the loan off?Originally posted by DanS
Yeh, it's a loan with a balloon payment at the end.Comment
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Yep.
I think there was a mix of instruments used in the deal. Some was straight up secured debt. Some was preferred shares with convertability provisions. Some was Glazer's own cash.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Simple. He'll sell the club to fans, and the fans will reimburse the debt he incurred. Glazer may have considerably ****ed the club, but now that he has secured 75% of the company, he's basically sure not to lose anything. There'll always be Manure fanatics who'll pay overpriced shares, and who'll pay the debt, only so that they can get rid of the man.Originally posted by reds4ever
So (and please be patient, I'm a bit lost here!) if he does well it means he's made 'money for nothing' so to speak. If he doesn't do well, he have to realize *a lot* of money from somewhere to pay the loan off?"I have been reading up on the universe and have come to the conclusion that the universe is a good thing." -- Dissident
"I never had the need to have a boner." -- Dissident
"I have never cut off my penis when I was upset over a girl." -- DisComment
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Oh Jesus... so when the loan ends, ManU is screwed. Will they have to take out another loan to pay for the interest?
“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV)Comment
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Nah, Glazier will sell the sinking ship to fans, who'll dig out all the money because they want to be benefactors of the clubOriginally posted by Imran Siddiqui
Oh Jesus... so when the loan ends, ManU is screwed. Will they have to take out another loan to pay for the interest?
"I have been reading up on the universe and have come to the conclusion that the universe is a good thing." -- Dissident
"I never had the need to have a boner." -- Dissident
"I have never cut off my penis when I was upset over a girl." -- DisComment
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Issuing shares to prevent a takeover is a breach of the directors' fiduciary duties.Originally posted by JohnT
Poison pill is a term used to describe a variety of potential strategies to fight off a hostile takeover. One strategy is to dilute the stock - a simplified example is if somebody buys 10% of a company, you issue more shares to knock that percentage down to, say, 5%.
The others are a bit dodgy too.
Edit - I'm tired, and am stating the obvious ('poison pill' and all). Feel free to ignore me.One day Canada will rule the world, and then we'll all be sorry.Comment
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