Man_City_Loyal
Well-Known Member
Add on Pogba's deal plus De Gea's new contract
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United's debt
- Thread starter higgi1p
- Start date
Add on Pogba's deal plus De Gea's new contract
MillionMilesAway
Well-Known Member
And UEFA won't even bat an eyelid at utd and their financial mess.
They're still making a huge profit each year. It's not really a mess, it's just that the duck's feet are kicking more wildly below the surface as far as I can tell.
Anyway, clearly they'll win the EL again now, and not have to worry quite so much re CL.
Gareth Barry Conlon
Well-Known Member
- Joined
- 5 Sep 2014
- Messages
- 13,894
Add on Pogba's deal plus De Gea's new contract
Yes i know - but i think they might be the only 'top' european side who have a wage bill that might come down in the next set of accounts. I don't know but they have had some massive earners leave and what is left of their squad outside of Pogba / DeGea are not going to be on anything like the same. It will be interesting to see how the numbers look. They have certainly had a very poor return for the outlay in wages over the Mourinho / OGS era to date. Pretty much top spenders over that time with little to show for it.
They have Baily, Young and Matic out of contract in the summer. I have no idea what sort of coin they are on but I don't think any of the senior squad are on the cheap. Pogba has 1 year left after this season - do they move him on in the summer?
You wonder what the long term plan is - are they managing the cost base down short term before going again or do they think that wages are generally too high and they are not going to go there again.
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.
Some mug of a team will buy Pogba for 150m no doubt.
Grassland Blue
Well-Known Member
Are you suggesting that the rags will be assisted on their way to the E/L trophy?They're still making a huge profit each year. It's not really a mess, it's just that the duck's feet are kicking more wildly below the surface as far as I can tell.
Anyway, clearly they'll win the EL again now, and not have to worry quite so much re CL.
I'm speechless....
manimanc
Well-Known Member
It is a mess mate, for a club that size it's ran in a David Brent stylee.They're still making a huge profit each year. It's not really a mess, it's just that the duck's feet are kicking more wildly below the surface as far as I can tell.
Anyway, clearly they'll win the EL again now, and not have to worry quite so much re CL.
And how apt you mention a duck.
As in the dog and duck?
Prestwich_Blue
Well-Known Member
They aren't making huge profits though. Last full year they only made a profit after taking transfers into account. Without that they broke even. They're dropping around £50m in revenue the current financial year and so far their player sales have been on a smaller sclae (think they reported £17m for the summer against £28m last full financial year).They're still making a huge profit each year. It's not really a mess, it's just that the duck's feet are kicking more wildly below the surface as far as I can tell.
Anyway, clearly they'll win the EL again now, and not have to worry quite so much re CL.
Onholiday(somemightsay)
Well-Known Member
Are you seriously questioning the managerial skill-set of Solskjaer the Saviour?They can throw as much money at transfer fees and wages as they want but it'll be futile unless they get a good manager in place. Long may it continue.
MillionMilesAway
Well-Known Member
They aren't making huge profits though. Last full year they only made a profit after taking transfers into account. Without that they broke even. They're dropping around £50m in revenue the current financial year and so far their player sales have been on a smaller sclae (think they reported £17m for the summer against £28m last full financial year).
Was Lukaku in those figures?
Thanks for the correction - I may have misread somewhere, or just had the figures be journalised into something they weren't.