Already had a bid rejected by Leicester, confirmed by Rogers, so no, they ain't.
£68m spent so far, roughly.
£70m bid rejected by Leicester
£20m bid for Longstaff rejected by Newcastle
£158mil.
100m budget for 2019 Summer window
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In the latest episode of the United Hour Podcast, Nik and Imran hold a long overdue conversation about United's awful league form with 1 win in 7. They discuss a disappointing draw at Bournemouth, a not so disappointing draw against Liverpool and a crushing defeat at Chelsea - Is time nearly over for Erik Ten Hag?
Then in a special second half of the pod, Nik welcomes Natalie ( https://twitter.com/natalie_17) to discuss the fortunes of Manchester United Women as they booked a place in the FA Cup Final after a historic first ever win vs. Chelsea.
£68m spent so far, roughly.
£70m bid rejected by Leicester
£20m bid for Longstaff rejected by Newcastle
£158mil.
Yeah tbh we knew they would get rejected. Did we bid our maximum what we felt the player was worth in our first bid do you think?
Yeah this is clearly a load of crap because we’ve had a bid of £70m turned down for Maguire. I reckon we’ve got about £200m to spend this summer and if spent, they’d be looking to offset some of it with sales, such as Lukaku.
if this board was even half decent, we’d have got our business done and shipped out our deadwood by now but alas......
if this board was even half decent, we’d have got our business done and shipped out our deadwood by now but alas......
Negligence is when you've got quite obvious lack of quality and depth in your squad like we do and do not address it despite our revenue. Transfers can be a hit or a miss, those need to happen first to be judged as either.
I absolutely detest this narrative, because it's not true. You actually have put a one eyed monkey up top and make decisions by flinging shit against the walls with equal effect. Manchester United was a global juggernaut ripe for commerical success at the same exact time the world became more connected and the premier league became one of the most watched and valuable. There was no losing. Until Woody stepped in. we should have been more of a commercial success than we have , especially in contrast to say Barca who have grown their revenues considerably in the same time while in a less financially bloated league.
I think that we pay such ridiculous wages which other teams won't, that we may have to wait for players contracts to run down and let them leave on free transfers just to get rid of them. Darmian and Matic are out of contract next year so hopefully that is 2 gone.
We've recently extended it with Jones, Young, Rojo and Mata. If we were consistent with our decisions it would mean we've got some kind of a strategy, which we obviously don't given the circumstances.
I think it was a terrible decision to extend all those contracts.
Look at how much our wages are a year
Not all of them are paid this year in full. It will be in installments.
Probably about 30m for AWB, 10 for James, 50-60 for Maguire and another 20 for Longstaff. Offset it with the sales and you will get a number around 100.
Negligence is also buying players that won't markedly improve the team. Fulham spent 100m and we're worse than the season before.
When we say 100 mill , it is not a figure lined by a ruler. If we have a player with value for money we can go more than 100 million, besides this figure doesn't include the amount obtained by selling players.
But considering we spent more than 500 million during the reigns of Van Gal and Mouriniho, it is understandable.
But considering we spent more than 500 million during the reigns of Van Gal and Mouriniho, it is understandable.
I dont think so. We will seek to structure it with add ons and hope to meet somewhere in the middle. Refusing to spend above our valuation for players isn't the same as not having the funds available.
Well we know the initial fee for AWB is £45mil. I think you're really stretching here. And if you want assume that's how we work out our budget for a season, then you're going to have to incorporate the structured fees due this year from previous signings.
When's that happening? I mean it's only happening if you buy top players in the world and there's no guarantee there either (vide ADM with us), if they were buying some trash from exotic leagues en masse then I'd understand this point but most of their players came from clubs better than theirs. As for the second part you cannot say whether they were worse or better than the previous season given that the season before they were in Championship. Sessegnon was tearing shit up in the Champ only just to be pretty shit for them in the PL and he wasn't one of those who were bought so there's that.
Isn't the initial fees the confirmed money CP will get ? The one that's not dependent on any bonuses? Money can still be paid in installments though? That's how I understood it.
And yes, we will have previous years balance as well. That would explain our low spending this year and moreover we didn't spend big last summer.
AWB. He's a massive improvement on what we had. What I'm saying is, we could spend a feck ton on dross. That doesn't make us have more ambition. It would be scatter gun and reactionary. LVG spent a lot on mostly shite. Simply looking at the number spent isn't a good metric for judging a summer. Ours hasn't been good enough yet, but that's not based on the amount we've spent. Likewise Villa's summer isn't a good summer simply because they've spent 115m, much like Fulham last year. We'll only know that after the players have been integrated into the team.
True.
We’ve made offers totalling at least £90m to players we haven’t signed though. So no, the reason for only spending £65mil this summer -so far- isn’t because we don’t have the money, it’s because the money being asked by the selling clubs is higher than our valuation of those players.
Then again I'm not saying whether it's a bad or good window, I'm talking about being ambitious in the said window. You cannot claim that with a) two transfers in, b) obvious deficiencies in the squad and c) our revenue (or spent-to-revenue ratio if you will) you're being ambitious.
Your last sentence doesn't really hold water though, so let's say that AWB and James integrate well in the squad but due to injuries to Pogba/McTomminay and Pereira we'll end up playing some Jones or other shite in midfield and, consequently, drop points, fall out of top 4 or whatever else, it will be a good window irrespective of not buying midfielders but thanks to good integration of the two new players? Doesn't quite work like this in my book.
Yeah, the 20m we spend on debt yearly is preventing us from spending, while we have a revenue of 600m. Interest payments have nothing to do with how much we spend, heck, we are spending (yearly) less on that than in Alexis Sanchez.
70m for Maguire should be very close to the maximum IMO. He would be the second most expensive defender ever, and just 5m less than the far superior Van Diijk cost.
This makes no sense, considering that almost all transfers are paid in installments. If you decide to count only what we pay this year (in installments) then you need to add the money we pay this year for players we signed in the last 2 years.
I was being sarcastic but it doesn`t matter what you or I think , the Glazers will bleed this club dry and there is nowt we can do about it . We won`t win a premier league title while they own the club because that isn`t their aim .
You’re just demonstrating you know sod all about business, and by extension, a football club’s finance. If we didn’t have a serviceable level of debt then we would be doing something wrong. Every single business worth it’s salt leverages debt to finance new ventures, and then takes advantage of the reduced tax bill.
Yes, you need to and that's how balance sheets are always calculated. Would be very very surprised if we spend upward of 100-120 m with small sales.
If lukaku or Pogba is sold, we will buy big.
So basically this Brexit reason is bull...
Few things. You are deciding what every one needs which is already an issue. Chelsea have a transfer ban. City may or may not get Maguire. Arsenal are mostly. Everton are buying Zaha, don't cha know!
If rumors are to be believed we’d sign SMS and Dembele, presumably for half the money we’d get for them. Though some might go towards strengthening another position.
That's not actually true. For instance our yearly debt used to be £60m per year up to around 2010, the benefit of reducing the tax bill is far outweighed by actually paying the debt. Corporation tax is at around 18% - let's say 20% - to actually have the tax bill outweigh that £60m yearly debt you'd have to be making £300m profit to begin with - in which case you have no real need for such a large debt.
Leveraged buy-outs, and high levels of leverage, are the bread and butter of hedge funds, you get to buy an asset using said asset as collateral, and then hopefully you can increase cash-flow, profits, and as a result net value. It doesn't always work though - Terra Firma's buyout of EMI for example, and also their purchase of the Four Seasons care homes operator more recently.
Leveraged buy-outs work - up to the point they're detrimental on the business growing due to the oversized debt. It's worked out for the Glazers.
But it's not for every business. If you have cash flow the way United do, you don't really need a large debt. The only use of that debt to begin with wad for the Glazers to purchase United - because they didn't have $800m in cash / assets to elsewise purchase us. We'd be far better off not having that debt to begin with - to the tune of almost $1b.
There are plenty of business that operate well debt-free. Though it's becoming more fashionable to take out debt due to the inflationary pressure on money today / low interest rates / qe, but that's a separate topic.
Turns out that Marktan does know something about accounting and to me, just a layman, makes a lot more sense than the Glaziers servicing of a 1 billion debt. You've got to ask yourself how much have the Glaziers pocketed from that huge amount. Of course it won't have come directly from the 1 billion but they will have pocketed large sums indirectly.
Anyone can see that the Glaziers are cute business men who overly satisfy their own needs at the expense of the fans.
I guess this was fake news like arsenal's 45 million dollar budget
Ours was briefing to try and drive prices down. Arsenal's is pretty true, that's why they've structured the payments over 5 years.
Even then. Its reported to be 20 up front. With the other purchase of Saliba they did that exceeds the 45 million. And they are still in for teireny. Sneaky feckers
I wonder how of the Saliba fee is upfront considering he joins next year.
So this was absolute bullshit?
No clue. But Atleast our fans can stop spouting the we're skint 100 million cap garbage that was briefed
Was there ever a doubt?
Might still sell Pogba yet...lol