Sadly utds interest payments are not crippling the Glazers or utd itself as proved by the amount of spending on new players and shareholders dividendsThe truth is, nobody except the Glazers and their inner circle is likely to know but I cannot imagine, given their type and locations, that their US malls are doing anything other than haemorrhaging serious amounts of cash. That could be crippling the group as much as united’s interest payments.
This is exactly the point. Debt itself is not a problem. What is a problem is the ability to service that debt out of the revenue you earn. United can easily service their debt. even though between 2015 and 2020, they've spent nearly £400m doing that. Imagine if they'd spent that money on transfers and wages?
If you want to borrow money to buy players, that's not in itself a problem as long as you can repay that money in the agreed timeframe. That's why FFP should look forward, not backwards. What you did or didn't do 3 years ago is pretty irrelevant. What is relevant is what you've got coming in and what you've got going out in the next 12-24 months.
As I've said before, what nearly took us into administration in 2008 was the £15m second instalment on Thaksin/Sven's transfers, that was due just after the 2008 year end and which we didn't have. Had FFP been in place back then, we could well have been in the bizarre situation of passing FFP yet being in administration when we passed it. Which shows how useless FFP really is in its current form.
Should do well today this thread so quiet I even looked at the Socceraid thread. Wish I hadn't. Talk about spin.Probably because there’s not much happening elsewhere.
Corrected for you ;)Again these so called journalists like to put their own spin on things to make it fit their own agenda against us. It is a classic case of not letting the truth get in the way of CLICK BAIT
When you spend approx 10% of your yearly revenue (not profit) on a shirt sponsorship of a football club, it’s probably not good.Sadly utds interest payments are not crippling the Glazers or utd itself as proved by the amount of spending on new players and shareholders dividends
What I do hope fucks them short term is team viewer not being in a position to fund its sponsorship agreement
Yes but this PL investigation has been going on for how long ? And the same clubs have be n looking at it for how long ? Yet in the last week maybe two it’s got a bump why ? Have I missed some news ?Because the accusations and the ongoing PL enquiry are held over the club as proof of wrongdoing as in the article cited.
And, on a wider level, the only certain outcome is that the PL, controlled by our direct rivals, is not going to come out and say "you know what, we've looked at this and Manchester City are entirely innocent of any misconduct". They cannot and will not admit that.
So the only question is what charges they will trump up and what damaging findings they will make. Then, of course, the Court proceedings start. All designed to damage the reputation of our club. I'd suggest that is reason enough to keep this thread current.
Yes but this PL investigation has been going on for how long ? And the same clubs have be n looking at it for how long ? Yet in the last week maybe two it’s got a bump why ? Have I missed some news ?
Someone needs to send him this from Stefan..Our old friemd Ed Thompson has resurfaced in the latest issue of When Saturday Comes. At the end of an otherwise decent article on FFP, he comes up with this:
View attachment 25820
I mean, how wrong can you be? A strongly worded letter has landed on WSC's desk. Let's see if they print it.
Our old friemd Ed Thompson has resurfaced in the latest issue of When Saturday Comes. At the end of an otherwise decent article on FFP, he comes up with this:
View attachment 25820
I mean, how wrong can you be? A strongly worded letter has landed on WSC's desk. Let's see if they print it.