United thread 2020/21

[Prestwich_Blue]

I've seen posts by United fans on Twitter, who say that if the Glazers hadn't taken this supposed £billion out of the club, they could have spent that on players... there in a nutshell is what this 'protest' is all about... it's about them wanting more money spent on more players so they can be top-dogs again... it's absolutely nothing to do with the good of football - even the stadium repairs are a second thought for 99% of United fans who, let's face it, have never even set foot inside the Swamp!

It's possible they might have spent that money on players & quite possible they'd have spent it on utter shite, as they have the last few seasons. Or paid higher wages to the players they had. Or redeveloped Carrington/built a new training ground. Or they might have paid down some or all of the debt. So there's no guarantee that the £1bn they're complaining about would have assured success on the field anyway.

And currently there's about £40m a year going out for the last 5 years in interest & dividends, but that's balanced out by about £250m that came in from the share launch on the NYSE in 2013. So the net outgoing is probably something like £15m a year since the float. It's about what De Gea is paid, so nothing in the overall scheme of things.

Edit: Just checked with SwissRamble and the average net annual cash outflow, for debt and dividends since the takeover in 2005, is just £5m, not £15m. It's fuck all.

 

[Protein Junkie]

The ‘Two Cheeks Off The Same Arse’ Trophy..

The World Series of Soccer

 

[bluethrunthru]

Was baconface in breach of covid regulations visiting his mate inside a hotel?

would probably claim it was business related........

 

[mat]

Was baconface in breach of covid regulations visiting his mate inside a hotel?

Knight of the realm.

Can do what he wants.

 

[I'm With Stupid]

Salford City fifth bottom in the entire football league for fan engagement. Man Utd are 59th. That's pretty embarrassing Gary Neville. Seems like the Glazers, while still shit, do a better job of involving the fans than he does.

 

[mat]

would probably claim it was business related........

Decent prossies?

 

[I'm With Stupid]

Knight of the realm.

Can do what he wants.

Knight of the realm meeting with a foreign power to plot the defeat of an English team. Off with his head for treason, me thinks.

 

[Clevers]

Yep, the average age of the pitch invaders & the length of time they have been ignored, it isn’t the start (it’s 16 years in the making) and they’re playing Thursday night, don’t fancy many of em popping over there, so they’ll play when they want, if they disrupt any more games then they should be forced to play the rest of the season away from home

In Florida

 

[Protein Junkie]

Just popped on the Rag cafe whilst logging off at work and they really live in a bubble.
One rag slagging us off for never playing Ake and one of our lads replied with “Van Beek” priceless

 

[FogBlueInSanFran]

It's possible they might have spent that money on players & quite possible they'd have spent it on utter shite, as they have the last few seasons. Or paid higher wages to the players they had. Or redeveloped Carrington/built a new training ground. Or they might have paid down some or all of the debt. So there's no guarantee that the £1bn they're complaining about would have assured success on the field anyway.

And currently there's about £40m a year going out for the last 5 years in interest & dividends, but that's balanced out by about £250m that came in from the share launch on the NYSE in 2013. So the net outgoing is probably something like £15m a year since the float. It's about what De Gea is paid, so nothing in the overall scheme of things.

Edit: Just checked with SwissRamble and the average net annual cash outflow, for debt and dividends since the takeover in 2005, is just £5m, not £15m. It's fuck all.

Part of my problem with this fan base as well as those that woman about our accounts is that I've yet to meet a many fans in person or on line who can read an income statement, balance sheet and cash flow statement as well as I can. I don't spend much time on football accounts because I have to do it for work in a different industry (housing), but nearly every time I've investigated some of the claims that sound odd to me, and I have the time, I've found a cursory bit of research proves that the whin(g)e-fests are inevitably misguided.

It is so frustrating when the yammer merchants drone on and on, incredulous about how certain clubs can "afford" certain transfer fees without understanding the difference between an income statement and a cash flow statement, or how amortization works, e.g. It was so easy to see how ludicrous FFP was from the get-go given the focus on "loss" versus cash flow, or, most especially, debt and debt service . . . and that in turn made it very clear who and what FFP was truly intended to stop.

It's nice to have you, Colin, and SR looking after these issues -- I enjoy reading your posts very much. When I retire, I think I might spend a lot more time digging into this sort of stuff (several years out, unfortunately).