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Post by ratbag on Sept 22, 2022 15:56:45 GMT
Complete and utter madness. The payouts are criminal really. Financially we are in a complete mess. Really need champions league football but more importantly Murtough has to shift players on sales, personally I’d sack him if he can’t get Williams, AWB, Jones, Maguire out in January. He has to start doing the work now, or really should have started the moment the window shut Regrettably are problems are more significant than shifting players,previously we were approaching tipping point financially. The first 1/4 years accounts are going to include this summers spend,we will be well passed tipping point then. Sir Jim doesn't need to rush in now,just needs to be wait & be patient now. The finances & capital expenditure required are now well beyond anything other the Glazers are capable of funding from other assets or personal wealth. So what does that actually mean going forward? Are we talking bankruptcy? I am unsure what ‘tipping point’ means in real terms... Can anyone enlighten me?
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Post by mightyez on Sept 22, 2022 18:09:29 GMT
The reality is this is Manchester United, we aren’t in danger of going bust and there will be takers for the club is matters escalate to the point the Glazers can’t take any more money out and need to sell fast (lower price).
However you would hope or imagine that we simply can’t be paying stupid sums to players that simply are not worth it. I’ll be honest proper football operators could turn this around, our issue is we have non at the club other than the manager. Everyone in higher up positions are novices and learning as they go along, newsflash that simply does not work.
Good luck Richie Rich, certainly gonna need it because that commercial cash has well and truly dried out.
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Post by Bestie on Sept 22, 2022 18:52:57 GMT
Regrettably are problems are more significant than shifting players,previously we were approaching tipping point financially. The first 1/4 years accounts are going to include this summers spend,we will be well passed tipping point then. Sir Jim doesn't need to rush in now,just needs to be wait & be patient now. The finances & capital expenditure required are now well beyond anything other the Glazers are capable of funding from other assets or personal wealth. So what does that actually mean going forward? Are we talking bankruptcy? I am unsure what ‘tipping point’ means in real terms... Can anyone enlighten me? The tipping point is not total financial catastrophe and extinction. Our creditors aren't suddenly going to call in our loans at once and it isn't like we have unpaid tax issues that could start a negative rush. The reality is our cash reserves are next to nothing, the debt is increasing, and we only actually made about 3 million quid in genuine cash profit last year on an operating revenue of 122 million. (June to June). The 33 million in dividends were financed effectively entirely by an overdraft. At some point we are going to lose the ability to get further credit and the dividends will have to stop. So that alone could be the Glazers' tipping point. The other possiblity is the major, huge, required expense of a new or totally redeveloped stadium doesn't get outside 'one-way' investment and the Glazers are forced to cede control rather than meet the costs themselves (which they cannot afford anyway).
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Post by Stretty on Sept 22, 2022 20:14:17 GMT
giving ole that new contract(when all they had to do was wait a few months to see how the season panned out)was a sackable offence on its own. one of many by our incompetent board.
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Post by Reduntildeath on Sept 22, 2022 20:51:35 GMT
Webby & O’Neil reporting that an unspecified group have offered £1billion for 26% of the club rising to “51%”. No names, no pack drill, but Chemical Jim’s involved. The clown that is Micheal Knighton is “NOT” ‘Proof of funds’ has already been concluded.’ Good times ahead, possibly……. 100% gone is what it has to be. Would any credible buyer be contacting some dodgy fan cam channel They’re extremely well connected and have only reported this yesterday, after a month of being advised of the intention to buy. They’re certainly NOT a “dodgy fan cam channel “ per your comments. EVERYONE wants the club to be bought 100% by new owners, but you always have to start somewhere, and this, if true, is a decent start
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Post by Bestie on Sept 22, 2022 21:06:52 GMT
100% gone is what it has to be. Would any credible buyer be contacting some dodgy fan cam channel They’re extremely well connected and have only reported this yesterday, after a month of being advised of the intention to buy. They’re certainly NOT a “dodgy fan cam channel “ per your comments. EVERYONE wants the club to be bought 100% by new owners, but you always have to start somewhere, and this, if true, is a decent start Fan scam channels are by definition dodgy. That Webb arsehole definitely isn't connected and no legitimate owner is discussing takeover bids with him.
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Post by kstandhand on Sept 23, 2022 5:51:02 GMT
They’re extremely well connected and have only reported this yesterday, after a month of being advised of the intention to buy. They’re certainly NOT a “dodgy fan cam channel “ per your comments. EVERYONE wants the club to be bought 100% by new owners, but you always have to start somewhere, and this, if true, is a decent start Fan scam channels are by definition dodgy. That Webb arsehole definitely isn't connected and no legitimate owner is discussing takeover bids with him. ^ that ,someone that knows their Onions.
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Post by Tatty on Sept 23, 2022 8:44:43 GMT
We're gonna sell NFTs and create a Crypto Currenct before a sale, aren't we.
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Post by Reduntildeath on Sept 23, 2022 10:52:45 GMT
They’re extremely well connected and have only reported this yesterday, after a month of being advised of the intention to buy. They’re certainly NOT a “dodgy fan cam channel “ per your comments. EVERYONE wants the club to be bought 100% by new owners, but you always have to start somewhere, and this, if true, is a decent start Fan scam channels are by definition dodgy. That Webb arsehole definitely isn't connected and no legitimate owner is discussing takeover bids with him. I will post a full ,grovelling statement in the ‘Proved Wrong Thread’ if…….
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Post by kstandhand on Sept 26, 2022 7:24:21 GMT
Kieran Maguire @kieranmaguire · 40m Manchester United have borrowed $650,000,000 from US banks. When United published their accounts on Friday this was shown using the 30 June exchange rate at £530 million. Using the exchange rate this morning it is now £612 million, an increase of £82 million #Glazernomics #mufc
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Post by kstandhand on Sept 26, 2022 8:10:21 GMT
Swiss Ramble @swissramble · 1h Looking at the 12 years up to 2021, #MUFC £517m interest payment was nearly three times as much as the next highest club, namely #AFC with £174m. Looked at another way, it was almost as much as the rest of the Premier League combined (£536m).
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Post by redcase on Sept 26, 2022 8:36:12 GMT
Swiss Ramble @swissramble · 1h Looking at the 12 years up to 2021, #MUFC £517m interest payment was nearly three times as much as the next highest club, namely #AFC with £174m. Looked at another way, it was almost as much as the rest of the Premier League combined (£536m). FiT AnD prOPeR PeRsoNs
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Post by gdmm on Sept 26, 2022 8:52:41 GMT
Swiss Ramble @swissramble · 1h Looking at the 12 years up to 2021, #MUFC £517m interest payment was nearly three times as much as the next highest club, namely #AFC with £174m. Looked at another way, it was almost as much as the rest of the Premier League combined (£536m). Arsenal got a new stadium from those interest payments, didn’t they?
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Post by kstandhand on Sept 26, 2022 10:00:54 GMT
Thread See new Tweets Conversation Swiss Ramble @swissramble · 3h Due to their high match day income, #MUFC revenue was more impacted by COVID than any other English club, but in 2021/22 they once again benefited from the largest crowds in the Premier League with their 73,000 average attendance being far above the next highest, #AFC 60,000. Swiss Ramble @swissramble · 3h #MUFC wage bill shot up £61m (19%) from £323m to £384m, as a result of “investment in the first team squad”, mainly the signings of Ronaldo, Varane and Sancho. That has once again taken United to the top of the English wages league, leapfrogging #MCFC £355m. Swiss Ramble @swissramble · 3h In fact, #MUFC £384m wage bill is comfortably the highest ever in the Premier League, despite only finishing 6th and missing out on the Champions League. If the club had enjoyed success on the pitch, then wages would have been even higher due to more bonus payments. Swiss Ramble @swissramble · 3h #MUFC wages to turnover ratio slightly increased from 65% to 66%. This is United’s highest ever (it was as low as 45% in 2017), but it is still one of the best in the Premier League. Swiss Ramble @swissramble We will have to wait for another #MUFC company to publish its accounts before we know the highest paid director’s remuneration, but United fans will be delighted to see that Ed Woodward trousered £2.9m in 2020/21, the highest in England. He received a tidy £24m in 8 years.
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Post by kstandhand on Sept 26, 2022 10:12:40 GMT
Swiss Ramble @swissramble This is the third year in a row that #MUFC lost money, adding up to £195m in that period (impacted by COVID). The £150m pre-tax deficit in 2021/22 was the club’s worst ever, equivalent to losing around £3m a week, and was actually the third highest loss in Premier League history.
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