United Thread - 2023/24

[tommybooth]

Can he actually count to 10 and spell his own name? Like banging your head against a wall. Lee rocks!!!

 

[cookster]

Just had Swiss Ramble's email about united's latest figures for Q1 of the current financial year. They're still on course to report a full-year pre-tax loss but the interesting part is about their debt and cash flow.

They have a 'revolving credit facility' - a big overdraft in other words - of £300m. Up to the end of the period (30 September) they'd used £200m of that and had to use another £60m since. Never mind being fucking shit; they're fucking skint.

Should be OK with UEFA FFP but may struggle with meeting the PL's PSR. Had Scruffy Jim not put in the money he has, they'd have been miles off meeting it. Tick fucking tock.

Won't the changes to the PL PSR help them spend longer term?

 

[NZBlue]

named in honour of the french poet laureate seagull soliloquy I believe

Jesus

Are you sure he was French? That's not how I understood it

 

[Prestwich_Blue]

Won't the changes to the PL PSR help them spend longer term?

The PL's PSR say that clubs can lose £15m over a three-year period, unless the owners put in what's known as 'secure funding' which is equity investment (buying shares). Then they are allowed to lose up to an aggregate of £105m. That's after deducting expenditure on youth development, women's football and some infrastructure related items. Had they not had the recent investment, they'd have been restricted to losing £15m over the years 2021/22, 2022/23 and the current 2023/24 financial year. With that investment they should be OK to meet the £105m limit.

I'm not aware those rules are changing but UEFA's FFP rules are. They'll still have a limit on losses but will mainly look at squad costs as a percentage of revenue. Even with their bloated squad and wage bill, they should be OK on that.

 

[Asa's left peg]

Oh that’s a shame, I thought they’d have burned through the remaining £40m credit by now. Will be gone by…about March then, at current burn rate.

So surely they’ll need to offload people this transfer window, to get the monthly wages down, to reduce eating into the remaining £40m… but who and to whom would want any.
As for incomings… lol… the media can hype them up as in for anybody from mbappe to snjeider, but they’ll only be able to afford Dave from the Dog & Duck … darts team.

Sorry pal, just read that Dave turned them down. He thought there was more chance of silverware if he stayed.

 

[jrb]

Welcome to we haven’t got a clue what welcome to Manchester means, but we’ll keep on using it for Jim and Omar.

 

[waspish]

Just had Swiss Ramble's email about united's latest figures for Q1 of the current financial year. They're still on course to report a full-year pre-tax loss but the interesting part is about their debt and cash flow.

They have a 'revolving credit facility' - a big overdraft in other words - of £300m. Up to the end of the period (30 September) they'd used £200m of that and had to use another £60m since. Never mind being fucking shit; they're fucking skint.

Should be OK with UEFA FFP but may struggle with meeting the PL's PSR. Had Scruffy Jim not put in the money he has, they'd have been miles off meeting it. Tick fucking tock.

They need champions league football every year and go far in it every year to start earning the money to get in credit!

 

[Alan Harper's Tash]

 

[Trevor Morley's Tache]

Just had Swiss Ramble's email about united's latest figures for Q1 of the current financial year. They're still on course to report a full-year pre-tax loss but the interesting part is about their debt and cash flow.

They have a 'revolving credit facility' - a big overdraft in other words - of £300m. Up to the end of the period (30 September) they'd used £200m of that and had to use another £60m since. Never mind being fucking shit; they're fucking skint.

Should be OK with UEFA FFP but may struggle with meeting the PL's PSR. Had Scruffy Jim not put in the money he has, they'd have been miles off meeting it. Tick fucking tock.

But, but, but... I thought FFP was brought in to stop clubs going in to massive debt?

 

[TinFoilHat]

Rags threating Newport ticket office staff leading to them closing the ticket office.

Just as bad as scousers.