United Thread | 2024/25

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jimharri said:
Did anyone ever dream of seeing this situation back in the 90s, when they were hoovering up just about every trophy, and we were giving shit a bad name? T'is truly a wonderful era.
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There is nothing wonderful about them being FA Cup holders and destined to win the Thursday cup. I want more before it’s a truly wonderful era.
 
Prestwich_Blue said:
Lovely reading: https://archive.ph/d85hw
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Got quiet emotional reading this section :-) how the mighty have fallen (not far enough) :-)

"Football-related reasons also account for ballooning costs. The club’s recruitment policy has been particularly dire, both on and off the pitch. United has spent more money on redundancy payouts for failed managerial and executive appointments in the past decade than any other club in Europe, including almost £30mn in the last three seasons.
As for players, the picture is even worse. More than half the club’s most expensive signings in the past decade have been failures, going on to spend less than a third of the available time on the pitch".
 
Dobsy said:
I feel like they've crossed a threshold this year somehow from being in a long term crisis to just now being a mid to lower table club with the pressure of a title chasing club. It's like if everyone expected Crystal Palace to compete for the league.
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Another five years of this slump will cement their position as a middle-ranking club which is what they have been for most of their history pre Ferguson. This has still not sunk in yet for most of their fans.
 
havefaith said:
Got quiet emotional reading this section :-) how the mighty have fallen (not far enough) :-)

"Football-related reasons also account for ballooning costs. The club’s recruitment policy has been particularly dire, both on and off the pitch. United has spent more money on redundancy payouts for failed managerial and executive appointments in the past decade than any other club in Europe, including almost £30mn in the last three seasons.
As for players, the picture is even worse. More than half the club’s most expensive signings in the past decade have been failures, going on to spend less than a third of the available time on the pitch".
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All covered by exceptional costs for PSR purposes
 
jimharri said:
Did anyone ever dream of seeing this situation back in the 90s, when they were hoovering up just about every trophy, and we were giving shit a bad name? T'is truly a wonderful era.
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Unless they turn this round it'll end up being a case study for MBA students for decades. If you look at how they've been run over the last decade or so you'd have to wonder if the entire boardroom are blues having a laugh.
 
What we are seeing being played out is INEOS ripping off the huge sticking plaster and showing everyone the gaping wound. This allows them to make indiscriminate cuts. They have managed to do this without throwing the Glazers under the bus, by just pointing at the wound and letting everyone make their own minds up.

The fact that scruffy Jim is allowing this noise to build, without attempting any sort of charm offensive is quite telling, because this is a guy with a big ego. In some cases, I think that INEOS are loading the bullets into the gun, because the bad news stories are almost daily. And it deflects away from the poor performances on the pitch.

On the pitch, the biggest issue that they have is that Amorim needs a certain style of player to play in his system, and these lot can't do it. You saw on Wednesday, when they went down to 10 men, they abandoned Amorim's 3 at the back and were immediately more solid. So they need to move lots of players on. The players that they want to move on, are earning way more than most clubs can afford, especially clubs outside of the PL.

You look at how much more time that these players have on their contracts, and that is how long they are in the shit for.
 
waspish said:
I know nothing about finances but wasn't some of the loans have to be paid back in full by a certain year?
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Yes. The first and larger tranche in 2027 and the other in 2029. They'll just refinance them but it'll be at far more than the sub-4% interest rate they're paying now.

So a couple more seasons where they are now, with no European football, revenue and earnings well down and interest payments well up. Lovely jubbly.
 
waspish said:
It is a good read and why they'll get a helping hand in the Europa league! They don't win that no Champs league could put them back even more years! Be interesting to watch the games in Europe to see they get a helping hand
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I've said this before.
It could be that the dirty rags sneak into the C/L via this back door route.
It is not beyond the realms of possibility that even though the sh1tstains finish around 14th that they could qualify for the competition, even though they have been beyond poor this season.
Entirely wrong in my view, this scenario removes the sense of the C/L being a competition for elite clubs.
A prestigious trophy fought for by the very best teams, you're having a laugh!
 
There's a piece by Luckhurst in the MUEN about their recruitment catastrophe. Most people think it was a post-GPC recruitment failure.

The article outlined the number of shite signings made by the GPC and his complete subservience to the Glazers after the takeover.
 
Their finances are in absolute bits so how can they even consider knocking down and rebuilding the swamp? They could be potentially be adding another £2-3 billion to their already £1 billion in the red. Building projects never run to the original costing which could result in them being on the hook for for more interest rate payments they haven’t planned for. What financial institutions would lend them the money? Musk and Bezos have already told them no. I wouldn’t be surprised if it never happens and it was a load of fan fair and noise to make it look like Ineos were going to make big changes.
 
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