Their debt is always the same, about £500m. They're not paying it back. Net debt is that total debt minus any cash they have in the bank at the time. So that changes all the time. Net debt of £427m means they had about £70m in the bank on 31st March (assuming their total debt is £500m).
But since then they will have paid at least that in wages, with very little revenue. So they'll be in overdraft now or very soon. And then they'll have to pay transfer installments in July/August plus have to refund season ticket holders (another £25m at a guess). If the season doesn't get going soon, they're going be heading towards the rocks because their owners ain't bailing then out.
Their debt is always the same, about £500m. They're not paying it back. Net debt is that total debt minus any cash they have in the bank at the time. So that changes all the time. Net debt of £427m means they had about £70m in the bank on 31st March (assuming their total debt is £500m).
But since then they will have paid at least that in wages, with very little revenue. So they'll be in overdraft now or very soon. And then they'll have to pay transfer installments in July/August plus have to refund season ticket holders (another £25m at a guess). If the season doesn't get going soon, they're going be heading towards the rocks because their owners ain't bailing then out.
The players you mentioned are like all utd players boyhood fans of the club and play not for money but to be part of the fabric folklore of gods own club.These figures are up to March 31st so they have had 11 months and 2 weeks of non Coronavirus blame and a fortnight of closure. The absence of Champions League money was the biggest cause. If all the matches are played behind closed doors for the next few months, the next half year figures will drop like a stone.
Still, that won't bother Mbappe, Sancho, Grealish etc when they sign up. Honest ;-)
More like Gladstone Brooks insolvency practitioners.U-N-I-T-E-D
That spells fooking debt to me
With a knick knack Paddy whack
Give a dog a bone
Ocean Finance on the phone!!!!!
The main company is Manchster United plc, which is in the Cayman Islands but they have UK subsidiaries that have to file reports with Cmpanies House. This apears to be the main trading company: https://beta.companieshouse.gov.uk/company/05370076@Prestwich_Blue and anyone else with a bit of financial nouse
How can their accounts be scrutinised if they're hidden away in the Cayman islands and Delaware?
Tick is tocking...Their debt is always the same, about £500m. They're not paying it back. Net debt is that total debt minus any cash they have in the bank at the time. So that changes all the time. Net debt of £427m means they had about £70m in the bank on 31st March (assuming their total debt is £500m).
But since then they will have paid at least that in wages, with very little revenue. So they'll be in overdraft now or very soon. And then they'll have to pay transfer installments in July/August plus have to refund season ticket holders (another £25m at a guess). If the season doesn't get going soon, they're going be heading towards the rocks because their owners ain't bailing then out.