United Thread - 2023/24

[Prestwich_Blue]

Haven't seen any of this in the MuEN, Daily Fail or Sly News yet? Surprise, surprise.

It's been reported in the MEN.

Man United record £71m loss after European exit amid cost and transfer warning

Man Utd have released their latest financial results covering the period from January 1 to March 31 this year.

www.manchestereveningnews.co.uk

Just having a quick look at the detailed figures and they made a loss for the 9 months to March even after profits on the sale of players, whereas we usually make a small operating loss, which the profit on the sale of players turns into a net profit.

The other interesting thing after a quick glance is that they got, in cash, £158m from Scruffy Jim and used £120m to repay borrowings. However their overall borrowing in the accounts went up very slightly, from £507m in June 2023 to £511m. So my guess would be that the £120m had to be used to repay their revolving credit facility (basically a big overdraft) which had either gone near, or breached, its £300m limit.

 

[blue b4 the moon]

Just keeping it 'on the pitch'....


Broadcasting revenue for the quarter was £37.5m, a decrease of £13.2m, or 26%, due to the men’s first team playing in fewer matches in the quarter, in both continental and domestic competitions.

Matchday revenue for the quarter was £29.6m, a decrease of £20.3m, or 40.7%, due to playing nine fewer home matches in the current year quarter.

#SOPP

 

[Pep Guardiola]

What a gentleman is Neville. Yeah?

 

[freshie]

Hilarious

 

[dadnlad]

Hilarious

View attachment 124867

Gill will be working on new rules as we speak

 

[JASR]

Gill will be working on removing the rules as we speak

 

[Quilted]

Gill will be working on new rules as we speak

Won't it be ironic if PSR bollocks finally gets demolished once its United's turn to bear the brunt.

 

[JASR]

It's been reported in the MEN.

Man United record £71m loss after European exit amid cost and transfer warning

Man Utd have released their latest financial results covering the period from January 1 to March 31 this year.

www.manchestereveningnews.co.uk

Just having a look at the detailed figures and they made a loss for the 9 months to March even after profits on the sale of players, whereas we usually make a small operating loss, which the profit on the sale of players turns into a net profit.

The other interesting thing after a quick glance is that they got, in cash, £158m from Scruffy Jim and used £120m to repay borrowings. However their overall borrowing in the accounts went up very slightly, from £507m in June 2023 to £511m. So my guess would be that the £120m had to be used to repay their revolving credit facility (basically a big overdraft) which had either gone near, or breached, its £300m limit.

erm haven't united massively breached PRS then with those quarter accounts, even prior to the final quarter results in the PRS 3-year cycle (barring a frankly unbelievable humongous profit in the final quarter to end of June 2024)?
Adding the £71m loss to the existing figures:

115+28+71 = £214m loss + the final quarter's loss still to be added, so they are already DOUBLE the allowable PRS 3-year loss, and only have a quarter to find £ 109m+ behind the sofa?!?

Edit: I don't know what the 1st 2 quarters of 23/24 results were, so whatever profit/loss of that needs to be added into figures.

 

[dadnlad]

erm haven't united massively breached PRS then with those quarter accounts, even prior to the final quarter results in the PRS 3-year cycle (barring a frankly unbelievable humongous profit in the final quarter to end of June 2024)?
Adding the £71m loss to the existing figures:
View attachment 124872
115+28+71 = £214m loss + the final quarter's loss still to be added, so they are already DOUBLE the allowable PRS 3-year loss, and only have a quarter to find £ 109m+ behind the sofa?!?

have you read small print history team in red are exempt

 

[Blue Floyd]

They've even managed to fuck up on their own rules.