Wayne Rooney - Now Not Leaving Man Utd

They've probs got Rooney to sign a new contract to stop City, Barca, Real and Chelsea from holding them to ransom over his transfer value.These clubs could have said well...if you don't sell in January we'll have him for free in the summer so take it or leave it!
Now United in are in a stronger posistion as he's on a long term deal again meaning they can get top dollar for him.

Watch this space.

I wonder if all the man utd fans that said he was crap, passed his best, etc etc and should leave just a few days ago will stick to their guns or have a sudden change of mind

It seems that once the Glazers gave David Gill the authority to exceed the previously agreed pay offer to Rooney the whole matter was resolved within an hour. Let's hope that Man Utd fans are fair enough to give the Glazers credit for being willing to give Rooney the kind of contract he was looking for and keeping him at the club.

If he's making 250k per week and he plays in about 2 matches a week and another 16 hours a week training.... therefore he's on nearly 13k per hour.

This means if at work he goes for a crap he'll earn about £1000.
And if he was writing a long post for the forum he'd make around £2000 or £50 if it was Rammy style.

Good work by Rooney and his agent - smart to go to the brink like that when there was no intention to leave.

But presumably Rooney would have left if Man Utd had not emptied their piggy bank and given him the amount he was asking for?

Pure greed as far as I can see. And to make matters worse he was kicking up a stink from a position of being in poor form. What he has gained in financial terms he may well have more than lost in terms of respect. For me he was poorly advised.

(23-10-2010 12:24 )southlondonphil Wrote:  Let's hope that Man Utd fans are fair enough to give the Glazers credit for being willing to give Rooney the kind of contract he was looking for and keeping him at the club.

Yes the Glazers have really put their hand in their pocket on this occasion. Even the most diehard anti-Glazer Man Utd fans should recognise that the Glazers have seen keeping Rooney as a priority.

There's been an interesting rumour flying around over the past day or two. All that money Gill keeps insisting is in the budget for Fergie to spend each season, yet he's never actually broken into in any major way since signing Berbatov? He's been keeping it back, knowing the current side was good for another two or three seasons, and intending to rebuild virtually from scratch at the end of this season anyway, when Giggs, Scholes, Van der Sar and Neville will retire en masse, along with a trimming of some dead/dying wood in other positions (Carrick, Hargreaves and Owen for example) and that is what convinced Rooney to stay, as much as the money. I've got no doubt whatsoever that he enjoys the money, but whatever else you say about Rooney, the lad really wants to win. It's a major part of what made him the player he is.

Now, I'm perfectly willing to accept that it could be a pipe dream from some United fans who aren't willing to accept that the club isn't the transfer market force it once was, but (if you'll forgive the slightly OT rambling) it does makes sense for the Glazers to invest heavily into an ailing team*. That massive debt won't get serviced in quick order by dropping out of regular CL qualification and the resultant huge drop in income. A £150 million investment is cleared within three seasons of CL quarter final or better placements, the natural turnover of the club covers the overheads and loan repayments and if all doesn't go quite as smoothly as hoped, the club is actually worth more than the amount the debt currently stands at, meaning it can be sold at market value (currently in the £950 million-£1.2 billion range) in a heartbeat, meaning the Glazers would still walk away with a healthy profit. The losses the club is generating right now are the kind of numbers that terrify a fan earning less than £20,000/annum, but to people used to dealing in FTSE 100/Fortune 500 terms, it's no different from a mortgage repayment on a house in a non-depreciative area. Technically you make a loss every year on the repayments, but the as the equity builds up on the balance of debt remaining-vs-market value, you have a sound long term investment. Is the club leveraged? Yes. Is that debt unmanageable? No. The whole reason the Glazers were attracted to United in the first place, was the fact that the club has been self sustaining for a significant period of time. Once the mortgage is paid off, the Glazers can pour money into a "galactico" style signing or two each close season and still rake the money in with both hands.

* I apologise to fans of sides outside the so-called Big Four (or Big Five, if you want to remove Liverpool from the group, but add Spurs and City) for referring to my side, currently sitting third in the league, topping our CL group and into the quarter finals of the League Cup "ailing". I love the success we've had since 1990, but I started supporting United in the early 80's, when we were a mid-table cup team rated less likely to win the league than any one of Liverpool, Everton, Spurs, Villa and Forest, as well as outside bets like Sheff Wed, Man City or Ipswich. I'm well aware that the term "ailing" is completely relative and that I'm speaking from a position of 20 years of privilege and success. I certainly don't take the success for granted.

Some interesting thoughts from Mister Gummidge but also some suspect maths I think. The Glazers used £250m of their own money to buy Man Utd and the debt they have from buying the club combined with the Man Utd bond issue amounts to £742m, so for the Glazers just to break even on any deal a buyer needs to be offering a £1 billion. Martin Broughton, who has just overseen the sale of Liverpool, reckons that £850m would be a realistic amount to expect Man Utd to fetch at the moment, which flatly contradicts Mister Gummidge's claim that the Glazers could sell Man Utd at a profit in a hearbeat. The so-called Red Knights have said as Utd fans they would be willing to offer £1 billion for the club, but this still wouldn't make any deal profitable for the Glazers. Also, according to the Red Knights themselves, having originally amassed around 70 wealthy backers, they are now down to about 25, such is the proposed price, so it's not clear whether they could still make a credible bid.