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United thread 2018/19
- Thread starter KentBlue
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Chris in London
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He’s also an acrobat
He’s the pink panther
He’s more a rinky dink panther sort of guy
Nobody in the press has picked up on the implications of their first Qtr results but these show a rapidly rising wage bill and flat or declining club revenue.
Specifically their wage bill for the first quarter increased by £7m and their revenues were flat or falling. Their forward guidance is £615m to £630m for this season and last season they had revenues of £590m
Premier League cost control measures allow a club's wage bill to rise by £7m per annum unless a club can demonstrate a rise in club revenues. Utd can solve this by selling a player but they are talking about spending £100m in the January window. I think if they do buy a player in the January window they will be forced to sell or they will breach the Premier League's rules.
Their financial year closes on the 30th June 2019 which is before the Summer Transfer window opens so I don't see how they can buy in January as Woodward claims, without selling. If they sold players in the Summer, it's going to hit this season's accounts.
I am a bit wary about this as no one else is reporting this, and I am not an accountant but it does seem to me that their first quarter results suggest that they have to sell in order to meet Premier League cost control rules, but their CEO is talking about spending another £100m
Is their a problem with my argument? One maybe the Premier League wage bill cap of £7m. I used a historic figure. I do not know what is is for 2018-19 but I doubt it has grown significantly
Specifically their wage bill for the first quarter increased by £7m and their revenues were flat or falling. Their forward guidance is £615m to £630m for this season and last season they had revenues of £590m
Premier League cost control measures allow a club's wage bill to rise by £7m per annum unless a club can demonstrate a rise in club revenues. Utd can solve this by selling a player but they are talking about spending £100m in the January window. I think if they do buy a player in the January window they will be forced to sell or they will breach the Premier League's rules.
Their financial year closes on the 30th June 2019 which is before the Summer Transfer window opens so I don't see how they can buy in January as Woodward claims, without selling. If they sold players in the Summer, it's going to hit this season's accounts.
I am a bit wary about this as no one else is reporting this, and I am not an accountant but it does seem to me that their first quarter results suggest that they have to sell in order to meet Premier League cost control rules, but their CEO is talking about spending another £100m
Is their a problem with my argument? One maybe the Premier League wage bill cap of £7m. I used a historic figure. I do not know what is is for 2018-19 but I doubt it has grown significantly
jimharri
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MUTV at half price for 12 months during november. Now THAT is tempting!
Mallorca Blue
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If they sold players in the summer, wouldn't that be booked in next year's accounts? They'd have to sell this January, no..?Nobody in the press has picked up on the implications of their first Qtr results but these show a rapidly rising wage bill and flat or declining club revenue.
Specifically their wage bill for the first quarter increased by £7m and their revenues were flat or falling. Their forward guidance is £615m to £630m for this season and last season they had revenues of £590m
Premier League cost control measures allow a club's wage bill to rise by £7m per annum unless a club can demonstrate a rise in club revenues. Utd can solve this by selling a player but they are talking about spending £100m in the January window. I think if they do buy a player in the January window they will be forced to sell or they will breach the Premier League's rules.
Their financial year closes on the 30th June 2019 which is before the Summer Transfer window opens so I don't see how they can buy in January as Woodward claims, without selling. If they sold players in the Summer, it's going to hit this season's accounts.
I am a bit wary about this as no one else is reporting this, and I am not an accountant but it does seem to me that their first quarter results suggest that they have to sell in order to meet Premier League cost control rules, but their CEO is talking about spending another £100m
Is their a problem with my argument? One maybe the Premier League wage bill cap of £7m. I used a historic figure. I do not know what is is for 2018-19 but I doubt it has grown significantly
Sorry not an accountant.
I think the big financial hit for them won't come until next year. If/when they don't make top 4, they could lose around 80m in prize money, gate receipts and the various commercial spin-offs.
manimanc
Well-Known Member
Do you really think the press will do a hatchet job on them lot like they do with us?Nobody in the press has picked up on the implications of their first Qtr results but these show a rapidly rising wage bill and flat or declining club revenue.
Specifically their wage bill for the first quarter increased by £7m and their revenues were flat or falling. Their forward guidance is £615m to £630m for this season and last season they had revenues of £590m
Premier League cost control measures allow a club's wage bill to rise by £7m per annum unless a club can demonstrate a rise in club revenues. Utd can solve this by selling a player but they are talking about spending £100m in the January window. I think if they do buy a player in the January window they will be forced to sell or they will breach the Premier League's rules.
Their financial year closes on the 30th June 2019 which is before the Summer Transfer window opens so I don't see how they can buy in January as Woodward claims, without selling. If they sold players in the Summer, it's going to hit this season's accounts.
I am a bit wary about this as no one else is reporting this, and I am not an accountant but it does seem to me that their first quarter results suggest that they have to sell in order to meet Premier League cost control rules, but their CEO is talking about spending another £100m
Is their a problem with my argument? One maybe the Premier League wage bill cap of £7m. I used a historic figure. I do not know what is is for 2018-19 but I doubt it has grown significantly
Too many journalists have their fingers up the arse of utd to be shit with them in the same manner as they are with us.
Nobody in the press has picked up on the implications of their first Qtr results but these show a rapidly rising wage bill and flat or declining club revenue.
Specifically their wage bill for the first quarter increased by £7m and their revenues were flat or falling. Their forward guidance is £615m to £630m for this season and last season they had revenues of £590m
Premier League cost control measures allow a club's wage bill to rise by £7m per annum unless a club can demonstrate a rise in club revenues. Utd can solve this by selling a player but they are talking about spending £100m in the January window. I think if they do buy a player in the January window they will be forced to sell or they will breach the Premier League's rules.
Their financial year closes on the 30th June 2019 which is before the Summer Transfer window opens so I don't see how they can buy in January as Woodward claims, without selling. If they sold players in the Summer, it's going to hit this season's accounts.
I am a bit wary about this as no one else is reporting this, and I am not an accountant but it does seem to me that their first quarter results suggest that they have to sell in order to meet Premier League cost control rules, but their CEO is talking about spending another £100m
Is their a problem with my argument? One maybe the Premier League wage bill cap of £7m. I used a historic figure. I do not know what is is for 2018-19 but I doubt it has grown significantly
Ive been saying this since those accounts came out they canot spend big unless they sell just because of the premier ffp and like you say no one in the media are picking up on this, its like “they are united” they can keep spending big forevermore! One thing for certain if those were our accounts they would been dissected reported on for days.
feedmpenzaandhewillscore
Well-Known Member
Ive been saying this since those accounts came out they canot spend big unless they sell just because of the premier ffp and like you say no one in the media are picking up on this, its like “they are united” they can keep spending big forevermore! One thing for certain if those were our accounts they would been dissected reported on for days.
Extensions for young, mata, Valencia and Herrara tells us all we need to know. They won’t be spending big in January, they don’t have the stomach to buy a player then realise they will be benched in six month time.
They are probably more fucked than we imagine would be interesting to see what those Cayman Islands accounts look like.
bluethrunthru
Well-Known Member
Extensions for young, mata, Valencia and Herrara tells us all we need to know. They won’t be spending big in January, they don’t have the stomach to buy a player then realise they will be benched in six month time.
They are probably more fucked than we imagine would be interesting to see what those Cayman Islands accounts look like.
This inability to spend and having to make do and mend probably explains Maureens demeanour at present.
Zubrman
Well-Known Member
Extensions for young, mata, Valencia and Herrara tells us all we need to know. They won’t be spending big in January, they don’t have the stomach to buy a player then realise they will be benched in six month time.
They are probably more fucked than we imagine would be interesting to see what those Cayman Islands accounts look like.
Fat, sun-tanned and sipping pina coladas on the beach. Oh, sorry, I thought you said 'accountants'.
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