In normal business and everyday life (how most people buy houses) its fine. Sport and football in particular its not so straight forward. Supporters view the club as theirs and don't see themselves as customers. They can accept paying crazy prices for tickets etc if they see that money being used to improve the side, it's a lot harder to swollow when the money is being spent on paying for the Glazers privilege of owning the club.
*Transfer Window 2014/15 Season Rumours/Signings *AKA Man U fans listing every player under the Sun
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In normal business and everyday life (how most people buy houses) its fine. Sport and football in particular its not so straight forward. Supporters view the club as theirs and don't see themselves as customers. They can accept paying crazy prices for tickets etc if they see that money being used to improve the side, it's a lot harder to swollow when the money is being spent on paying for the Glazers privilege of owning the club.
Yep, and the fact that simply having enough money for a deposit on a house enables you to buy it and get other people to pay off the mortgage for you is quite bizarre in my view as well.
Caporegime
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Get tenants in to pay the mortgage
Like utd bringing in tv and sponsorship. They just leveraged the deal on increasing future incomes.
Because you are gaining an asset worth a huge amount of money simply by having the ability to invest a tiny amount to start with then getting someone else to pay off the balance. I know you are liable but the cost of rental means that interest rates would have to rise massively to make the rental payments come up short on the mortgage payments.
You've missed the piece of info which makes it even more 'odd'. On a BTL mortgage you can write off any interest against tax, so if you have a decent paying job, you get the mortgage paid by rent, and then money on top of that back as a tax rebate. It's wonderful if you're in the position to put a deposit down.
Soldato
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These next few seasons are make or break for united, no CL next season will start to see the amazing sponsorship deals clauses kick in and revenues will drop. I expect there will be some really angry fans soon!
At least we have an official Sushi sponsor though.
At least we have an official Sushi sponsor though.
Soldato
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Ah I was under the impression it was this and the next, which looking at the squad doesn't even seem like it would be unlikely either.
i thought you were working on 'elite' signings whilst others were buying average players who you could've got if you wanted?
guess you can finally erase vidal from that list.
Soldato
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realistically though, we should be looking to get back into the top 4, then we can think about getting world beaters.
#5 shirt!
RojON ffs - massive upgrade on Ashley Young for the left-back position
Shaw will be LB, Rojo will be LCB, but he can play both positions so that's good.
Soldato
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Don't get your hopes up...
Soldato
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i reckon we're probably done now
It's insane having such high leveraging on a type of business which rarely turns significant profits.
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