United Thread | 2024/25

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jacko74 said:
It's quite baffling isn't it.

The total job losses from the two rounds of redundancies represents 40% of the total workforce.

I find it pretty inconceivable that 40% of the workforce were all blagging a living doing pointless and unnecessary non-jobs.

And I find it equally inconceivable that any business can shed 40% of its workforce and carry on functioning and operating at the same level it always has.
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Agree it’s inconceivable but It’s an old relatively modern short term trick. Remove regular employees who have decent benefits. Capitalise the cost of the redundancies. Replace with lots of casual, probably zero hour staff. Outsource wherever possible and if absolutely necessary bring in contractors / consultants to deliver specific projects. Normal result is day to day cost reduction, significant loss in morale and a shitshow to manage.
 
I think talk of going bust is premature. Seems to me Jim ratty overpaid for part ownership and he knows he overpaid. On top of that I think he had no clue how big a job he’s got on his hands. What’s he trying to do is make United profitable again regardless of the impact on the field and then he will try and recoup his money. If he truly wanted to force the glazers out he wouldn’t be helping to strengthen the club financially. The lower the stock price the easier it would be for him to buy them out fully so it seems to me he either knows they aren’t going anywhere or they are in it together to make a quick profit and they will try to flog the club in a couple of years
 
JASR said:
There’s an interesting snippet from a Caf thread discussion on their management & owners.

Some posters basically saying ‘this is manshernitid’ in regard to their debt, and then they get this dose of reality reply:
View attachment 147894
I’ve not heard this before, the same poster says it’s mentioned by Bloomberg, when pulled up on it…

I’d be interested to know whether our esteemed financial wizards know more about this?
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Cutting 40 per cent of the workforce suggests a major crisis. I think the stadium fantasy is just a narrative to prop up the share price. Ineos are facing possible collapse. It has been a long time coming. But don’t expect any proper scrutiny in the UK media. Nothing to see here. This is Manchester United.
 
bugsyblue said:
I think talk of going bust is premature. Seems to me Jim ratty overpaid for part ownership and he knows he overpaid. On top of that I think he had no clue how big a job he’s got on his hands. What’s he trying to do is make United profitable again regardless of the impact on the field and then he will try and recoup his money. If he truly wanted to force the glazers out he wouldn’t be helping to strengthen the club financially. The lower the stock price the easier it would be for him to buy them out fully so it seems to me he either knows they aren’t going anywhere or they are in it together to make a quick profit and they will try to flog the club in a couple of years
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maybe not that premature. Before Big Jim weighed in with another cash injection it is said that the club had approx £15Mill left in their bin. Not enough to service the clubs running costs for a month. That kind of liquidity leads to busting.
 
bobbyowenquiff said:
Cutting 40 per cent of the workforce suggests a major crisis. I think the stadium fantasy is just a narrative to prop up the share price. Ineos are facing possible collapse. It has been a long time coming. But don’t expect any proper scrutiny in the UK media. Nothing to see here. This is Manchester United.
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I agree any public traded company that cut's 40% of their workforce in < 12 months is a major red flag and panic by the RAGS. The key is will one of their creditors call in the loans or RAGS default on payment.
 
jacko74 said:
It's quite baffling isn't it.

The total job losses from the two rounds of redundancies represents 40% of the total workforce.

I find it pretty inconceivable that 40% of the workforce were all blagging a living doing pointless and unnecessary non-jobs.

And I find it equally inconceivable that any business can shed 40% of its workforce and carry on functioning and operating at the same level it always has.
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They must have been if not why rid ???
Just another example of how badly run they are and probably have been for decades .............trophies and getting money in from CL places probably papered over the cracks but now that of funding has been cut off heres what you have.

Lets hope they get knocked out of the Europa league and they cant rely on CL funding to bail them out ............btw shouldnt the PL be looking into a club with a massive debt and thats losing money or are certain clubs allowed to bypass the rules ???
 
city2 said:
I can see Jim and the Glazers having a major breakdown, the Glazers have took all the money and left a huge debt while Jim is taking all the flak
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Yes. He appears to have been naive .

This article is a year old but still relevant

www.theguardian.com

The Glazers’ non-exiting exit of Manchester United is the way of the future | Aaron Timms

The Glazers blazed a trail for US money in European soccer. Now they’re innovating again with a non-sale ‘sale’ that gives them all the spoils of ownership with none of the accountability
www.theguardian.com www.theguardian.com
 
Bantamgaz said:
They must have been if not why rid ???
Just another example of how badly run they are and probably have been for decades .............trophies and getting money in from CL places probably papered over the cracks but now that of funding has been cut off heres what you have.

Lets hope they get knocked out of the Europa league and they cant rely on CL funding to bail them out ............btw shouldnt the PL be looking into a club with a massive debt and thats losing money or are certain clubs allowed to bypass the rules ???
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especially as they also owe £300m + in transfer fees to other clubs some of which could be crucial in another club meeting/failing psr/ffp
 
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