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United Finances

Discussion in 'Manchester United Forum' started by VanGaalEra, Feb 8, 2018.

  1. Feb 8, 2018
    #41

    kps88 Full Member

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    Lingard's agent is going to ask for a social media bonus.
  2. Feb 8, 2018
    #42

    Distracted Steward Full Member

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    Maybe it bores you, but United is a global juggernaut and this is why. It's club news. It's how the club manages to compete financially with oil clubs and oligarchs' play toys.
  3. Feb 8, 2018
    #43

    VeevaVee despite the protests, wears Ugg boots

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    I didn't realise that (to both posts). At least not that it'd be as public. Fair enough. Glad to see we're ticking over well of course.
  4. Feb 8, 2018
    #44

    Trizy Full Member

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    To be fair to Big Woody, he's a Financial Don.

    Should send him to Greece on loan to sort out their shit. There'd be a big Tractor made out of Noodles logo on their flag within a week, earning allllll the monies.
  5. Feb 8, 2018
    #45

    vk20legend Full Member

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    I missed the word club when I typed.. Should have said the most visited sports team website.
  6. Feb 8, 2018
    #46

    Greck Full Member

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    Shake hands with the devil. We have an investor base that needs to be pandered to with brags about our growth and profits. It does rub off some dedicated fans the wrong way to see club executives seemingly happy about where the club is at the moment but it's a necessary evil to keep the money trucks rolling in and keep us competitive in the oil money era.

    Unrelated to you but I wish people would stop concluding the club lacks ambition because it's doing what it has to do to make money.
  7. Feb 8, 2018
    #47

    VeevaVee despite the protests, wears Ugg boots

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    No, I'm happy to see we're doing decent. But it looked initially to my inexperienced young eyes that Ed had called some journos and told them all this for some reason, which I thought was a bit odd.
    Me saying it's too businessy for my liking is just a personal thing. I'd rather just know we're doing well than know the details, but I know others like it.
  8. Feb 8, 2018
    #48

    RedCurry Full Member

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    On the losses, I am going to grossly simplify this so don't chase me all of you CPAs.

    There is a line item in balance sheets(a piece of paper that shows how much we're worth) called deferred tax assets which is essentially all the past losses being carried forward to offset income in the future(some of caf would say it's morally incorrect). Hence higher the tax rate, higher will be your 'savings' from the tax man. Cutting the tax rate means the deferred tax asset also gets slashed which is reflecting on our income statement as a write-off.

    To give some context, Citigroup had a similar write-off of about $20bn in Q4 and many other major banks also had billions of write-offs. Safe to say it's not because "we bought Sanchez" or some nonsense that will inevitably be spouted.
  9. Feb 8, 2018
    #49

    SirAF Ageist

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    Transfer Muppet of the Year
    :lol: :D
  10. Feb 8, 2018
    #50

    Akshay Moderator Staff

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    Thank you. Finally makes some sense to me.
  11. Feb 8, 2018
    #51

    RedCoffee Rants that backfired

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    Pretty poor assessment by the BBC. For the 6 months to date wages have increased in line with revenue, both at 9% which is fine. Operating profits are steady at 43m. The deferred tax adjustment has nothing to do with footballing operations and only impacts reserves.
  12. Feb 9, 2018
    #52

    Jippy Sleeps with tramps, bangs jacuzzis, dirty shoes Staff

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    We're a listed company that had to publish it's quarterly trading updates for investors and take analyst calls on the back of them. Private companies still have to publish their results annually, but there is less fanfare.
  13. Feb 9, 2018
    #53

    Jippy Sleeps with tramps, bangs jacuzzis, dirty shoes Staff

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    I'd bollock my reporters if one of that missed such a key piece of information out. Truly atrocious write up.
  14. Feb 9, 2018
    #54

    Drifter American

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  15. Feb 9, 2018
    #55

    lysglimt Full Member

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    I am Jesse - who is most popular on the net - Hmmmmmmmmmm ?
  16. Feb 9, 2018
    #56

    Fully Fledged Full Member

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    Everybody is saying that we made a loss but our debt has gone down by £80m+. How do you make a loss and owe less?

    Couldn't any of these journalists work out that we deliberately made a loss last year while tax was 35% so that we can make a bigger profit next year when the new lower tax rate comes in? Is it really that hard to figure out? Do you want to make a profit when you'd pay more or less tax? That's a tough one.
  17. Feb 9, 2018
    #57

    Fully Fledged Full Member

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    You know that Paul will have to do it now so that he can prove that he will get more hits. Jesse will be giving it large about being the King of Instagram and Paul isn't gonna take that.
  18. Feb 9, 2018
    #58

    cyril C Full Member

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    Can anyone explain why our Commercial revenue comes down? I can understand our Match day revenue comes down probably due to cheaper Europa tickets, but Commercial? I thought our sponsorship deals are going up and up, so was it because of less shirt sale?
  19. Feb 9, 2018
    #59

    Adisa likes to take afvanadva wothowi doubt Scouse Lover

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    Haven't seen this.
  20. Feb 9, 2018
    #60

    Fully Fledged Full Member

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    Thanks to @United_We_Stand Net debt 2017 328.6 net debt in 2016 409.3. Doesn't that mean that our debt has dropped by £80m?
  21. Feb 9, 2018
    #61

    SWest73 New Member

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    Yes. And that's a huge drop.

    At this rate the debt will be paid in 4 years (doubt it though) and one can only think what that would mean in the player markets after that.
  22. Feb 9, 2018
    #62

    Hojoon Full Member

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    I remember a bunch of posters saying it won't be in the club's interest to have the debt zero due to tax so no debt won't happen unless laws change.
  23. Feb 9, 2018
    #63

    Fully Fledged Full Member

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    I think we probably made a double payment because the tax is going to be so much lower this year than it was last year. It's a double positive. We pay less tax because we made a loss and we pay less interest going forward because we owe less. I don't think we will be prepared to make a loss 2 seasons on the trot though so I think the repayment might be less this year, if we make a repayment at all.
  24. Feb 9, 2018
    #64

    Big Ben Foster Correctly predicted Portugal to win Euro 2016

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    Correct - debt creates a tax shield that (up to a certain point) has a beneficial impact on firm value.
  25. Feb 9, 2018
    #65

    C'est Moi Cantona Full Member

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    Net debt will vary depending on what cash/assets we have in our balance sheet at any given time, I think it varies by the currency rate aswell, I doubt this drop means we've actually paid any of the gross debt off.
  26. Feb 9, 2018
    #66

    Fully Fledged Full Member

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    I think we have probably paid some of the gross debt off. We have been doing it as of course over the last decade.