United thread 2020/21

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PB.

Here’s link to United’s earning release.

As you say PB, cash burn!

Cash and cash equivalents51.5307.6


Also.

Georgipep seems pretty up beat about the news. Post 39(page 1)and post 47(page2) Most of the other posts bar his are just guff.


https://www.redcafe.net/threads/our-debt-has-increased-133-to-£474-1-million.458346/
The level of financial illiteracy on the Caf is astonishing. Even people claiming a knowledge of finance are talking utter shite. One guy claiming to be a financial analyst is even saying it's quite alright to borrow money to pay dividends.

The first thing you learn in finance is that you never borrow long to pay short. In other words, don't take on long term debt to pay short term expenses. That's how people get in trouble with payday loans.
 
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Here's a laugh for you.......

From the bbc...
It was also confirmed within the results United had paid out £23.23m in share dividends over the course of the year, although future payments are under review.

So at a time no fans are allowed in the ground and money is drying up, the wonderful Glazer clan managed to remove 23 mill in dividends !!!

They aren't letting go of that club for some years, they will bleed it dry.
 
Here's a laugh for you.......

From the bbc...
It was also confirmed within the results United had paid out £23.23m in share dividends over the course of the year, although future payments are under review.

So at a time no fans are allowed in the ground and money is drying up, the wonderful Glazer clan managed to remove 23 mill in dividends !!!

They aren't letting go of that club for some years, they will bleed it dry.

More shocking is 23.23 million in dividends with a 23.2 million loss - so the whole loss and a bit more due entirely to the benevolent owners, they must really care.

Beautiful!
 
Pogbas contract was due to expire in June next year. That means he could negotiate a transfer this January to move on a free
Because of his inflated wages no one could afford to buy him this summer so a club 400 mil in debt have had to extend his contract by another year. They are now forced to continue paying stupid money for someone who doesn't want to be there in the desperate hope someone buys him next summer.
What a way to run a club. I can't stop laughing.
 
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