United thread 2018/19

[Prestwich_Blue]

utd have just announced record turnover the breakdown seems to be £ 590 million total around £ 270 million TV deal up 10% which all clubs will probably post the same percentage £ 210 million commercial revenues 0.5% up a terrible figure, wages of nearly £300 million which is over 50% pretty sure it was 49% last year and profit of £26 million down £ 30 million Dept seems to be rising despite claims they were going to bring it down,
I am sure Pestwich blue can put more meat on this bone but these figures are terrible and will effect utd`s claim to be the biggest club in the world which is based solely on financial might these days, and that will effect the confidence the market has in utd, The cracks are appearing

Just got in, saw they've published their Q4 figures (which is effectively full year unaudited) and had a look at them.

Yes revenue is up but that's the only good news and that's only due to them finishing a few places higher in the PL. They won't be finishing second this season as things stand. Be lucky to get fourth. Their much vaunted commercial income has stayed still meaning the 7 sponsorship deals they're boasting about have probably only been to replace others and haven't brought in any additional revenue. It seems their power to attract sponsors has peaked whereas I believe we still have some way to go.

Their bottom line loss is £37.3m and that's after making a profit of £18m on selling Jizzyjazz. Last year it was a profit of £39.2m which included a transfer profit of £11m. That's therefore a fall from an underlying profit of £28m to an underlying loss of £55m. Wages are £295m, which is just over 50% of revenue but it was 45% last year so the money they're wasting on Sanchez is is obviously having a negative impact.

Debt is still around the £500m mark but net debt has increased because their cash has decreased. The cashflow statement shows that they've burned through a net £50m of cash over the year. They owe £370m to other people (much of which is possibly for players) compared to £270m last year. Basically Peg is bleeding them dry.

 

[BigOscar]

It just gets better and better.

20p says that's been leaked by Maureen's people so he can name Pogba captain and make a big thing about how the media are liars and out to get him. He is that pathetic

 

[oakiecokie]

This just gets better and better.
For decades we endured nothing but piss taking from the Rags,but the old adage "he who laughs last,lasts longest" is certainly coming home to roost.
Without doubt we are indebted to Fergie for having the foresight to fully understand what was happening with our Club and how he could not compete in the long term with "our project".
His ego would not allow him to pit his wits against our team and thankfully he fucked off at the right time,as did Gill.
The Rags are in a right mess,from the top, to Doris the tea-maker.Finances are slowing down,or at least they appear to be,by paying extortionate salaries and I thank Woodward from the bottom of my heart.
However my biggest thanks must go to the Brothers Grimm from The States who are doing a remarkable job in helping the Rags to slowly realise that mega money is required to fund nearly 75% of new players,just to catch up with the Boys in Blue.
Will City ever be the top dogs in Manchester ? Ask Fergie what his response would be now.
Sheik Mansour and Khaldoon and co. our sincerest heartfelt thanks for taking us on this marvellous ride ... at the expense of our "silent neighbours".

 

[oakiecokie]

Just got in, saw they've published their Q4 figures (which is effectively full year unaudited) and had a look at them.

Yes revenue is up but that's the only good news and that's only due to them finishing a few places higher in the PL. They won't be finishing second this season as things stand. Be lucky to get fourth. Their much vaunted commercial income has stayed still meaning the 7 sponsorship deals they're boasting about have probably only been to replace others and haven't brought in any additional revenue. It seems their power to attract sponsors has peaked whereas I believe we still have some way to go.

Their bottom line loss is £37.3m and that's after making a profit of £18m on selling Jizzyjazz. Last year it was a profit of £39.2m which included a transfer profit of £11m. That's therefore a fall from an underlying profit of £28m to an underlying loss of £55m. Wages are £295m, which is just over 50% of revenue but it was 45% last year so the money they're wasting on Sanchez is is obviously having a negative impact.

Debt is still around the £500m mark but net debt has increased because their cash has decreased. The cashflow statement shows that they've burned through a net £50m of cash over the year. They owe £370m to other people (much of which is possibly for players) compared to £270m last year. Basically Peg is bleeding them dry.

Please Colin,don`t make me smile or laugh as I have chapped lips. ;)

 

[Tom_mcfc]

Not according to @Tom_mcfc

Yeah I’d believe any words Yaya says. Very honest man

 

[manimanc]

Just got in, saw they've published their Q4 figures (which is effectively full year unaudited) and had a look at them.

Yes revenue is up but that's the only good news and that's only due to them finishing a few places higher in the PL. They won't be finishing second this season as things stand. Be lucky to get fourth. Their much vaunted commercial income has stayed still meaning the 7 sponsorship deals they're boasting about have probably only been to replace others and haven't brought in any additional revenue. It seems their power to attract sponsors has peaked whereas I believe we still have some way to go.

Their bottom line loss is £37.3m and that's after making a profit of £18m on selling Jizzyjazz. Last year it was a profit of £39.2m which included a transfer profit of £11m. That's therefore a fall from an underlying profit of £28m to an underlying loss of £55m. Wages are £295m, which is just over 50% of revenue but it was 45% last year so the money they're wasting on Sanchez is is obviously having a negative impact.

Debt is still around the £500m mark but net debt has increased because their cash has decreased. The cashflow statement shows that they've burned through a net £50m of cash over the year. They owe £370m to other people (much of which is possibly for players) compared to £270m last year. Basically Peg is bleeding them dry.

 

[Manc in London]

It was a swap officially, so rather than transfer fees and (possibly) contractual loyalty payments, each got a big signing on fee instead.

Conveniently, it also allows interpretation room for Sanchez' transfer fee to be recorded as zero for squad valuation, almost always by those who want to represent the Utd squad value as low as possible.

Ah right. Thanks for clarifying. My knowledge of finance is zero.

I guess it remains an opportunity cost, of sorts.

 

[Manc in London]

Just as a side note James Cooper is in fact a big city fan.
I have a friend who goes running with him on a Saturday morning who told me, I was a bit taken aback as he always seemed to be pro utd in his reporting but like a lot of them at sky he's just reading the script and following orders.

Interesting. Something I would not have thought.

 

[MillionMilesAway]

Ah right. Thanks for clarifying. My knowledge of finance is zero.

I guess it remains an opportunity cost, of sorts.

Now I had to look that up!

It's possible (probable, I think) it got booked as the same value going each way, which would make the accounting contract be spread over the new contract length, and may be beneficial from that point of view. I don't know where signing on fees gets booked in accounts.

From a cash basis, it was nil between the clubs, and a chunk to the players from the clubs.

 

[sir baconface]

Debt is still around the £500m mark but net debt has increased because their cash has decreased. The cashflow statement shows that they've burned through a net £50m of cash over the year. They owe £370m to other people (much of which is possibly for players) compared to £270m last year. Basically Peg is bleeding them dry.

Thanks PB. Very enlightening.

You can’t imagine how much this upsets me on top of the renewed woman-fight between Maureen and Pogba.