United Thread - 2022/23

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bluetonium said:
£536m in debt, and we're the ones being investigated for financial irregularities?

If I had a pound for every time a United fan said "yeah, but it's manageable debt", I'd be able to pay off half of it for them myself.

But I wouldn't. I'd splash it all on giving new contracts to Maguire, Fred and that lad from deliverance after his 2 goal midweek performance.
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But if every loyal rag supporter paid a pound to pay off the debt then it would easily be reduced to £535.75million…
 
Harvster said:
If only I had the hi-tech skills to get up a picture of Sid from Toy Story for compare and contrast purposes
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images

Here ya go...;)
Good comparison also.
 
How can they be £1 billion in debt yet allowed to keep spending £200m every summer, yet we get investigated?

And why has no one at City, or indeed any other PL club call the rags out publicly on this?

Are they just allowed to go further in debt, yet if Leicester, Chelsea or anyone else don’t balance the books they get transfer bans?
 
barney* said:
Oh dear how sad never mind

www.bbc.co.uk

Manchester United: Premier League club owe almost £1bn, reveal new figures

Manchester United owe £969.6m through a combination of gross debt, bank borrowings and outstanding transfer fees with associated payments, according to new figures.
www.bbc.co.uk www.bbc.co.uk
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So whoever buys the rag will have to pay off the debts, presumably? They'll need a bloody great big wallet to pay that and invest in restructuring the swamp, not to mention buying players - including Kane(pen) and Jude Bellingham, reportedly.

I shouldn't laugh, but fuck it, it's hilarious.
 
KentBlue said:
So whoever buys the rag will have to pay off the debts, presumably? They'll need a bloody great big wallet to pay that and invest in restructuring the swamp, not to mention buying players - including Kane(pen) and Jude Bellingham, reportedly.

I shouldn't laugh, but fuck it, it's hilarious.
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1 Billion quid in debt. Sounds like a well run club.
 
KentBlue said:
So whoever buys the rag will have to pay off the debts, presumably? They'll need a bloody great big wallet to pay that and invest in restructuring the swamp, not to mention buying players - including Kane(pen) and Jude Bellingham, reportedly.

I shouldn't laugh, but fuck it, it's hilarious.
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Rumoured to be another possible £1BN debt in the caymans as well!
 
Indeed, in posting profits of £6.3m for the quarter, United have also revealed sponsorship revenue has increased 43.2% to £50.4m over the prior quarter. The club said this was due to the impact of their training kit agreement with Tezos, plus a 'one-off sponsorship credit', which they have opted not to detail.

what the fuck is a one off sponsorship credit? A £1b in debt yet they spin it as ‘aren’t we doing well‘. Fuck off scum
 
RadcliffeRick said:
So....the guy who wants to buy them is quoted as being worth approximately the scums debt. He could possibly pay off the debt but how could he then buy the club?
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Ocean Finance?

To be honest I have had a rotten few days but, this has really given me a bit of a lift
 
Eds said:
Indeed, in posting profits of £6.3m for the quarter, United have also revealed sponsorship revenue has increased 43.2% to £50.4m over the prior quarter. The club said this was due to the impact of their training kit agreement with Tezos, plus a 'one-off sponsorship credit', which they have opted not to detail.

what the fuck is a one off sponsorship credit? A £1b in debt yet they spin it as ‘aren’t we doing well‘. Fuck off scum
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How the fuck can they not detail a sponsorship deal, if I was the sponsor I would be demanding value for money and all the recognition I could get. It’s classed as sponsorship not a gift. Or have I grossly misunderstood this?
 
Interesting to compare the headlines trumpeting a profit for the last quarter to 31 Dec with the actual accounts.

Despite a £6.3m profit over the 3 months, their half-year loss is £20m, just over £3m up on the same period last year.

They've had to borrow an additional £100m to keep them going, as their revenue isn't covering their outgoings. Cash flow for the 3 months was a net outgoing of £62m from their operations, plus another near-£30m spent on players. They've got to have, or be close to having, serious cashflow issues, similar to ours in 2008. In other words, they're running out of cash.

No wonder the Glazers are desperate to sell.
 
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Prestwich_Blue said:
Interesting to compare the headlines trumpeting a profit for the last quarter to 31 Dec with the actual accounts.

Despite a £6.3m profit over the3 months, their half-year loss is £20m, just over £3m up on the same period last year.

They've had to borrow an additional £100m to keep them going, as their revenue isn't covering their outgoings. Cash flow for the 3 months was a net outgoing of £62m from their operations, plus another near-£30m spent on players. They've got to have, or be close to having, serious cashflow issues, similar to ours in 2008. In other words, they're running out of cash.

No wonder the Glazers are desperate to sell.
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Oh no! How sad
 
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