United thread 2020/21

[KentBlue]

Tonight's SSN ticker trying to whip up sales interest in Lingard.

• Lingard's representatives have held initial talks with a number of clubs in England & Europe.

SSN ticker crushing all hopes with the next rolling update.

• Man Utd have yet to receive an official offer for midfielder Jesse Shingard.

He will join the ever-growing list of ex rags to turn up wherever the elephant man is manager.

 

[kippaxwarrior]

He will join the ever-growing list of ex rags to turn up wherever the elephant man is manager.

So Newcastle then?

 

[bluetonium]

Well, technically is zero a number? Or maybe he's been playing golf?

 

[laserblue]

Number of clubs;

Hull
Sunderland
Bradford
Villa
Barnsley

FC Astana
Molde
Lincoln Red Imps of Gibraltar

 

[JASR]

Apparently There’s an article in the athletic (pay walled, so no link) about a covenant covering United bank loans, that states that their EBITDA cannot fall below £65m , before the loans could be called in. Standard practise possibly.
Coupled with Woody defering the latest public financial statements from now till after the closing of the transfer window.
And them only buying a midfielder to fit into the same position as the other 100’s they have... it’s not looking good.

For them.

@Prestwich_Blue or other better financial minds than mine, any thoughts on this covenant and whether it will be called in?

 

[dadnlad]

Tonight's SSN ticker trying to whip up sales interest in Lingard.

• Lingard's representatives have held initial talks with a number of clubs in England & Europe.

SSN ticker crushing all hopes with the next rolling update.

• Man Utd have yet to receive an official offer for midfielder Jesse Shingard.

going to struggle to move him on now liverpools unknown gems have won 7-2 and are all available at inflated fees

 

[remember arthur mann]

This is why the pundits were strangely, giddily, making him man of the match versus the mighty Luton, rags need to get the money from somewhere, anywhere !

 

[waspish]

So looks like there accounts are not out this week? Should they have been? Are they holding them back till they make some sales?

 

[Prestwich_Blue]

Apparently There’s an article in the athletic (pay walled, so no link) about a covenant covering United bank loans, that states that their EBITDA cannot fall below £65m , before the loans could be called in. Standard practise possibly.
Coupled with Woody defering the latest public financial statements from now till after the closing of the transfer window.
And them only buying a midfielder to fit into the same position as the other 100’s they have... it’s not looking good.

For them.

@Prestwich_Blue or other better financial minds than mine, any thoughts on this covenant and whether it will be called in?

Looking at their Q3 figures, their earnings (before amortisation & depreciation) were £124m for the 9 months to March. So they're well clear on that basis, even with no matchday income (c£30m) for the last quarter. however, that £124m inlcudes matchday income for the 9 months to March 2020 of £84m. If you took all of that out, they'd be sweating on hitting that £65m. So they should be more than OK for 2019/20 but this season could be interesting. however they'll have CL revenue so they should be OK, albeit it might be tight. Had they not got top 4 then they would have been in trouble, as I think there's another clause in the bond covenants about the bondholders being able to demand repayment if they're out of the CL for 2 seasons running

But even if they did miss the target of £65 EBITDA, as long as they were paying the interest, I doubt the banks would do anything, particularly in the current circumstances.

 

[crazyg]

Leicester were pissing all over them at Christmas, but their form in 2020 has been dreadful.

And Chelsea, hampered by their transfer ban, and forced to play kids more than Frank would have wanted to, I’m sure, struggled at times.

These two factors, plus official's instructed to be conned by Penandez, meant the rags stumbled their way into the top four.

Hopefully, those two will be better for the entire season, and Wolves, Everton, El Arse, and yes, even Spurs, will improve enough to ensure that the Trafford scumbags really do finish mid-table.

Edited for accuracy.