United Thread | 2024/25

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DiscoSteve said:
I've hear it say rags were bought by glazers in the same way people buy houses with a mortgage - I'm not aware of anyone who has had a mortgage for 18 years and have ended up owing nearly a million quid more, I thought the idea with a mortgage was to pay it off at some time? ha ha ha ha
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They've got to pay the first lot (about £330m) off by June 2027.
 
SWP's back said:
They’ve £100m or so in cash. I get the overdraft being added in by you but I can’t make it work out as debt over £600m or so.

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You can’t include the creditors without also including their assets (the players that £400 odd million is owed on)
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Point taken but those players aren't exactly liquid assets (apart from Rashford, who consumes rather too much liquid allegedly).

If all their creditors demanded payment tomorrow (and wouldn't that be fun) I doubt they'd realise the balance sheet value of those players.

So yes, the £95m cash could legitimately be offset, although that was just their cash holding at a point in time and they could have used that on Jan 2nd).
 
Scruffy Jim is now trying to renege on a sponsorship deal INEOS have with Tottenham.

Man United co-owner Ineos wants to cancel multi-million-pound Spurs deal

www.thetimes.com

Man United co-owner Ineos wants to cancel multi-million-pound Spurs deal

Sir Jim Ratcliffe’s company in talks, described as amicable, about termination of agreement with Premier League club, which comes after dispute with New Zealand Rugby
www.thetimes.com www.thetimes.com
 
SWP's back said:
She’ll be thrilled mate. Them being shit allows her to post her shite every day and make £45k per year without even getting her tits out online.

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That's because her village elders say she can only show her tits to her legally married brother.
 
NZBlue said:
you mean if someone took the nuclear option against the Premier League? Nah, that couldn't happen ;-)
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I know Covid could have finished a lot of clubs because loss of the cash flows, it could have been ten times worse and who knows how football would have ended up
 
United are fucked! :-)

A Manchester United supporters' group says fans must not "pay the price" for the club's financial "mismanagement" after the Red Devils announced revenues decreased by 12% in the last financial quarter.

The club announced on Wednesday that revenues had dropped to £198.7m for the final three months of 2024, down from £225.8m for the same period 12 months previously.

Overall, the club made an operating profit of £3.1m - down from £27.5m over the same period in 2023 - after spending £14.5m on the sackings of Erik ten Hag and his coaching staff, including the £4.1m cost of hiring and then dismissing former sporting director Dan Ashworth within five months.

The announcement comes against a backdrop of the club making over 200 redundancies and raising matchday ticket prices to £66 per game, with no concessions for children or pensioners.

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www.bbc.co.uk

Man Utd financial results: Cost of sacking Erik ten Hag and Dan Ashworth affect profits

Manchester United's revenues decreased by 12% in the last quarter, with profits hit by the departures of Erik ten Hag and Dan Ashworth.
www.bbc.co.uk www.bbc.co.uk
 
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