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Carter and Evans to leave for Europe?
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<blockquote data-quote="shtove" data-source="post: 190204"><p>Well, the distinction is franchise v direct ownership of the brand. LLC has nothing to do with it. What matters is how the lender has got its claws in to the assets, including player contracts and stadium real estate.</p><p></p><p> </p><p></p><p>No idea about MU's balance sheet and revenues, but debt is getting more expensive to buy and to service because the banking system went crazy and is now paying the price. Maybe confidence will return with the mantra "the worst is behind us" - just like Dorothy got back to Kansas when she kept repeating, "There's no place like home"!</p><p></p><p>The problem for everyone in debt - states, businesses, homeowners, TRF members who max their credit cards on high heel shoes - is that the cost of servicing the debt (never mind repaying the principle) is increasing. What happens when the Glaziers need to refinance again? Mind you, MU is famous for its Asian presence, so they'll probably be OK on their revenues.</p><p></p><p> </p><p> </p><p> They are the same - TV money comes from how many people watch and pay attention to the ads. Whichever way you look at it, if people are hassled with debt repayment they're not going to spend so much at the gate or by responding to ads. And from the top down, rugby could be badly hit by the disappearance from the jersies of the names of all those banks who are desparately trying to figure a way out of the mess they've created.</p><p></p><p></p><p>Fair enough. There are many different views on this. Mine is that the easy credit of the last 25 years is over, that the banks you're talking about are insolvent, and that the bail outs/liquidity injections are only staving off bankruptcy. Norn Rock is merely a pimple on the bum of this problem.</p><p></p><p>Still, at least it means the UK will adopt the euro!</p></blockquote><p></p>
[QUOTE="shtove, post: 190204"] Well, the distinction is franchise v direct ownership of the brand. LLC has nothing to do with it. What matters is how the lender has got its claws in to the assets, including player contracts and stadium real estate. No idea about MU's balance sheet and revenues, but debt is getting more expensive to buy and to service because the banking system went crazy and is now paying the price. Maybe confidence will return with the mantra "the worst is behind us" - just like Dorothy got back to Kansas when she kept repeating, "There's no place like home"! The problem for everyone in debt - states, businesses, homeowners, TRF members who max their credit cards on high heel shoes - is that the cost of servicing the debt (never mind repaying the principle) is increasing. What happens when the Glaziers need to refinance again? Mind you, MU is famous for its Asian presence, so they'll probably be OK on their revenues. They are the same - TV money comes from how many people watch and pay attention to the ads. Whichever way you look at it, if people are hassled with debt repayment they're not going to spend so much at the gate or by responding to ads. And from the top down, rugby could be badly hit by the disappearance from the jersies of the names of all those banks who are desparately trying to figure a way out of the mess they've created. Fair enough. There are many different views on this. Mine is that the easy credit of the last 25 years is over, that the banks you're talking about are insolvent, and that the bail outs/liquidity injections are only staving off bankruptcy. Norn Rock is merely a pimple on the bum of this problem. Still, at least it means the UK will adopt the euro! [/QUOTE]
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Carter and Evans to leave for Europe?
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