United's debt

higgi1p

Well-Known Member
Joined
15 Sep 2012
Messages
797
With there 2019 figures being published now, what is there debt?

Sorry not seen Figures myself
 
Their (spelling) total debt is still the same, which is over £500m. The figures for the last quarter show total borrwoings of £525m. That doesn't include monies owed for transfers by the way. It's just what they owe to financial institutions. The probably owe around £150m on transfers.

They usually quote "net debt", which is total debt less cash. So if they have total debt of £500m and cash of £200m, they'll talk about net debt of £300m. But if they spend £150m of that cash the day after their year-end, net debt goes up to £450m as it's still £500m of total debt less £50m cash. Net debt has gone up a lot from June to September because they've spent a load of cash they had in the bank. They're getting less from the Europa League this season plus they got a big chunk last year from commercial deals and they aren't getting that either this year.

If they don't even get into the Europa League next season, then they lose that money (probably about £40m) and gate receipts from having no European games (around £20m) plus they lose commercial income if they spend 2 consecutive seasons out of the CL and that's probably another £30m. So not getting into Europe next season could cost them at least £90m, when they're forecasting £560-£580m this season with just being out of the CL but in the EL. That'll mean them reporting less than £500m for 2020/21, maybe as low as £470m. And that's all cash so they'll be struggling to buy players and even pay wages possibly. The better players will want out and no one decent will want to come unless they get big bucks. This season could really be a big tipping point for them.
 
Their (spelling) total debt is still the same, which is over £500m. The figures for the last quarter show total borrwoings of £525m. That doesn't include monies owed for transfers by the way. It's just what they owe to financial institutions. The probably owe around £150m on transfers.

They usually quote "net debt", which is total debt less cash. So if they have total debt of £500m and cash of £200m, they'll talk about net debt of £300m. But if they spend £150m of that cash the day after their year-end, net debt goes up to £450m as it's still £500m of total debt less £50m cash. Net debt has gone up a lot from June to September because they've spent a load of cash they had in the bank. They're getting less from the Europa League this season plus they got a big chunk last year from commercial deals and they aren't getting that either this year.

If they don't even get into the Europa League next season, then they lose that money (probably about £40m) and gate receipts from having no European games (around £20m) plus they lose commercial income if they spend 2 consecutive seasons out of the CL and that's probably another £30m. So not getting into Europe next season could cost them at least £90m, when they're forecasting £560-£580m this season with just being out of the CL but in the EL. That'll mean them reporting less than £500m for 2020/21, maybe as low as £470m. And that's all cash so they'll be struggling to buy players and even pay wages possibly. The better players will want out and no one decent will want to come unless they get big bucks. This season could really be a big tipping point for them.

The have been stung by some shocking wage deals in the last few years - they seem to have learnt some lessons following the Rooney / Zlatan / Sanchez days. I think their costs might be coming down as those numbers are washing through. But where do they go from here, they need to invest to get back into the CL and to keep the fans happy with Ole at the wheel. Ole is cheep so they want to keep him - any new manager will demand some big money players and the kind of money they might need to spend against a falling income profile will be difficult for the board to deal with.

Is this a good time for the Glazers to sell up?
 
Their (spelling) total debt is still the same, which is over £500m. The figures for the last quarter show total borrwoings of £525m. That doesn't include monies owed for transfers by the way. It's just what they owe to financial institutions. The probably owe around £150m on transfers.

They usually quote "net debt", which is total debt less cash. So if they have total debt of £500m and cash of £200m, they'll talk about net debt of £300m. But if they spend £150m of that cash the day after their year-end, net debt goes up to £450m as it's still £500m of total debt less £50m cash. Net debt has gone up a lot from June to September because they've spent a load of cash they had in the bank. They're getting less from the Europa League this season plus they got a big chunk last year from commercial deals and they aren't getting that either this year.

If they don't even get into the Europa League next season, then they lose that money (probably about £40m) and gate receipts from having no European games (around £20m) plus they lose commercial income if they spend 2 consecutive seasons out of the CL and that's probably another £30m. So not getting into Europe next season could cost them at least £90m, when they're forecasting £560-£580m this season with just being out of the CL but in the EL. That'll mean them reporting less than £500m for 2020/21, maybe as low as £470m. And that's all cash so they'll be struggling to buy players and even pay wages possibly. The better players will want out and no one decent will want to come unless they get big bucks. This season could really be a big tipping point for them.
Swarbrick will sort it, he'll give them an overdraft on their VAR account.
 

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top
  AdBlock Detected
Bluemoon relies on advertising to pay our hosting fees. Please support the site by disabling your ad blocking software to help keep the forum sustainable. Thanks.