United Thread | 2024/25

ancoats said:
It was not serviceable last season went they had to fudge £75million in allowances with Covid19 and sales of shares to Jim to make PSR ? Was all this is the report in the annual revenue media release
Click to expand...
According to Kieran Maguire on Price of Football podcast they had to take out a £200m loan due to cash flow

“I'm slightly confused that one of the UK's richest men has needed to borrow 200 million pounds in order to have 150 million pounds in the bank. Why is that, Kieran?

Yeah, that doesn't look too clever. I guess the reason is that they needed money by the end of September in order to pay the wage bill in October and November. They remember October and November, both of which are months in which there are international breaks, so that reduces the number of home matches.

Manchester United probably only generate, yeah, I say only generate, they generate four to five million pounds per match at Old Trafford. That's not a lot of money when your monthly wage bill is in the region of 25 to 30 million.

It's going to come as a surprise to a lot of people, Kieran, a shock, in fact, that a club the size of Manchester United has to borrow money ahead of paying the wage bill.

It's the nature of the football industry. Your cost base is quite constant and your biggest cost is going to be your payroll cost. And they've got to find that 25 to 30 million pounds every month”

From The Price of Football: Nov 28, 2024

This material may be protected by copyright.
 
cheekybids said:
This commentary is fucking hilarious describing a tactical Masterclass against Norwegian part timers.
Click to expand...
What do you expect with Lily Savage as co-commentator.
Obviously not watching, but how many times has he mentioned he was a Trafford Termite Academy player ?
Or, how his son also played for them ?
We are used to Ratface rimming them on Sky, but why have that sycophant Savage bullying them up ?
 
Gordyola said:
According to Kieran Maguire on Price of Football podcast they had to take out a £200m loan due to cash flow

“I'm slightly confused that one of the UK's richest men has needed to borrow 200 million pounds in order to have 150 million pounds in the bank. Why is that, Kieran?

Yeah, that doesn't look too clever. I guess the reason is that they needed money by the end of September in order to pay the wage bill in October and November. They remember October and November, both of which are months in which there are international breaks, so that reduces the number of home matches.

Manchester United probably only generate, yeah, I say only generate, they generate four to five million pounds per match at Old Trafford. That's not a lot of money when your monthly wage bill is in the region of 25 to 30 million.

It's going to come as a surprise to a lot of people, Kieran, a shock, in fact, that a club the size of Manchester United has to borrow money ahead of paying the wage bill.

It's the nature of the football industry. Your cost base is quite constant and your biggest cost is going to be your payroll cost. And they've got to find that 25 to 30 million pounds every month”

From The Price of Football: Nov 28, 2024

This material may be protected by copyright.
Click to expand...

Please let them go bust
Please .
They can't be far away from it
 
You must log in or register to reply here.
Unread Posts

Don't have an account? Register now and see fewer ads!

SIGN UP
Back
Top
✖
  AdBlock Detected
Bluemoon relies on advertising to pay our hosting fees. Please support the site by disabling your ad blocking software to help keep the forum sustainable. Thanks.