he's full of it.Glazers / Woodward out! (One down)
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he's full of it.An interesting article written by Andy Mitten for The Athletic.
Amid talk of Saudi takeover, what would really be the best ownership model for Manchester United? | Andy Mitten
Read it on https://imgur.com/gallery/yem7qEK. Credit to u/totellis on r/reddevils.
Didn't know that Adidas was a majority shareholder in Bayern Munich.
Amid talk of Saudi takeover, what would really be the best ownership model for Manchester United? | Andy Mitten
Read it on https://imgur.com/gallery/yem7qEK. Credit to u/totellis on r/reddevils.
Didn't know that Adidas was a majority shareholder in Bayern Munich.
Incorrect it was in Fergusons book he had decided to retire before he knew Gill was leaving also.
Now you are a proper supporter. Of the Glazers.
If the Glazer's do sell this summer, this guy will be the online legend.
I read most of that and for me what I took away from it is that, fans want their clubs to be successful. Once they stop being successful, a lot are disinterested. The way football has gone, fan owned clubs are also not the greatest.
Have United denied the Saudi rumours?
They wouldn't. Rumours are good for the club, helps push up the value of the share price.
It said so in the Mitten article.
I blame all this malady on saf trying to play godfather with moyes
Agree with this, fans are happy when the club is winning, when it isnt they need a scapegoat.
Our fans are on a loop:
Glazers - Woodward - The Manager - The Players - Lingard
Hmm. The first mistake, erm critical f**kup mistake by SAF was the law suit against the former Irish owners over a racehorse. As I have discussed before in here, that cascade of events led to the disenfranchisement of supporters groups and opened the doors to the Glazers.
Now only for Edwards decision to float the club, none of this would have come to pass. You can’t lay it all at Alex’s feet. But his ego and hubris played a part. Like many brilliant and successful men SAF was flawed, flawed when he came to his sons dealings, flawed over Moyes, flawed in many ways. But his part in the take over is the big one.
I don't think SAF is to blame at all, it the owners' negligence that had them relying on one man's brilliance and not make an effort to put in systems that would have managed the inevitable succession. He had already done his part by delivering success whilst they navigated the complex financials related to their takeover.
You can call it hindsight but SAF retiring was the perfect opportunity to put in place a system that geared the club for success. The things we discuss right now to do with recruitment, scouting and coaching needed to be put in place the moment he left. Those are the foundations needed, look at clubs with proper structures and how they operate - clubs like Bayern/Juve do not need to splash a world record fee each they need to solve a critical position on the pitch like CB or RB.
The blame lies entirely with owners who did not run the club as a football club, but just as business.
Edwards started the rot by not allowing 10% at least of the club to be owned supporters. He could have enabled ST holders to own that by conversion.
SAF's mistakes came about because there were no structures in place.
He should have been consulted but not have such a huge say.
A football board would have made reasonable appointments.
I thought Mourinho right after SAF would have worked.
Edwards started the rot by not allowing 10% at least of the club to be owned supporters. He could have enabled ST holders to own that by conversion.
SAF's mistakes came about because there were no structures in place.
He should have been consulted but not have such a huge say.
A football board would have made reasonable appointments.
I thought Mourinho right after SAF would have worked.
I dont blame him. He's human after all. Just as i dont put all the blame blindly on the glazer. They've had their share but they're not devil incarnate or human leeches some of you made them to be
Ruling out ethnic groups I see
Just feck off Gary. If any other pundit came up with "Asians family isn't fit to own my football club" They would be accused of being racist. Maybe He doesn't even understand what Asian means? He mentioned Chinese then Asian. Gary gobshite.
"Any other people AREN'T COMPETENT BUT ME!"
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Didn't read the article but I'm gonna go out on a Peter Lim and say Gary Neville has nothing against the Chinese. Down with that sort of thing.Ruling out ethnic groups I see
Just feck off Gary. If any other pundit came up with "Asians family isn't fit to own my football club" They would be accused of being racist. Maybe He doesn't even understand what Asian means? He mentioned Chinese then Asian. Gary gobshite.
"Any other people AREN'T COMPETENT BUT ME!"
Still weird though, mentioning Chinese family and then Asian family in his quote
https://agsiw.org/saudi-sets-goals-for-football/
A bit of background on what the Saudis are trying to achieve in terms of football for the future. A big club will be on their books soon enough and I'll bet it will be us.
A bit of background on what the Saudis are trying to achieve in terms of football for the future. A big club will be on their books soon enough and I'll bet it will be us.
So what do the latest figures tell us? Anyone on here mildly even has a clue, knows more than me, so would be good to get your views. Cheers.
Obviously your being sarcastic here, but for me the reason why the Glazers annoy me when they lift out 20M dividends is because when they took over United, they passed the debt onto United and are yet to pay it off.
If they had of bought United clean, run the club in the black as they always where and then lifted dividends every year, that wouldn't annoy me at all as they stumped up the money in the first place to own the asset rather than taking out loans to buy united and then transferring them onto United leaving the Glazers debt free and United debt laden.
Maybe if the Glazers had of been better owners, they would be in a position now to pump a couple of hundred million quid into revamping Old Trafford as well as improve our squad.
I get this point but you have to understand Bayern/Juve are probably luckiest clubs. They ply their trade in 1 club league where even after half of poor season they can win the league. You won't win the league here in PL after 2 or 3 poor months. Look at bayern , they were 4th till early november but I can bet they will still win the league easily. They also have the privilege of just poaching the best german talents. Same with Juve. Also, in juve's case they have made a weird call by appointing Sarri. I think both these club should be judged on CL and not solely on their league performances and so far both have just disappointed by not winning the CL.
I don't have time for a very comprehensive review, but the numbers are in tune with the expected revenue for 2020 following our departure from CL football.
The 2019 operating profit sat at £50m. This year its est just over £40m. Operation revenue 2019 came in at £627.1million (a new record). For 2020 this is est at £560-580 million. The net debt is expected and in tune with the clubs financial obligations for transfers. MUFC have an est. 1.1 BILLION fans and followers worldwide based on Kantar's research.
The drop in gross revenue is no concern, it's simply the difference between CL and EL. Revenue is set to increase in other markets, like China where the club have partnered to open up several MUFC exprience centers. The club signed or renewed 10 global sponsorships for 2019.
In short, the fiscal numbers are good, but not exciting.
Thanks for this.
Always interesting to read different people's views on figures announced by the club.
The value of MUFC has increase tenfold since they took over. Not in thanks to them, but they bought the club at a time where market was exploding an commercial deals were increasing. From the Glazers point of view, MUFC is the jackpot. They have no incentive to rid the club of debt. The club can handle its debt just fine. On that note, every single big spending club has debt. Except for Manchester City since they dont disclose that information (no bank loans)
And this why fans are unhappy. They have no desire to rid of the debt, get paid dividends for doing jack all. The stadium needs a refurbishment but they have no desire to, as the club is making them money as it stands. Also, when their investors just have one question, "How many more ads will be going up on the app?", they have very little accountability.
Doesn't make great reading...
https://www.manchestereveningnews.c...er-united-financial-results-woodward-17274303
https://www.manchestereveningnews.c...er-united-financial-results-woodward-17274303
Drop in cash doesn't make for great reading.
Read my previous reply. This is not as bad as the report makes it sound.
I mean, well duh the sale of Lukaku is needed for the club to turn a profit. They put over £130m on the books to buy new players. Football clubs are profitable, but not THAT profitable. Expenses are ENORMOUS.
The numbers are not a surprise and quite frankly the club is doing well financially. Of course we have a operating decrease when we compete in a lesser league. This was reported as early as September by the annual report.
As for 2020, we are in tune with the budget forecast.
MUFCs numbers still make us the biggest club in football, with some margin.
But we are nowhere reaching the heights we should be. We should be in the CL every year, competing for the league each year. Profits aren't reading their full potential.
Well yes but that is not related to the financial well being of the club in the short term. For the short term, we are doing excellent. Remaining a EL club would have some bad consequences like reduced sponsorship value and loss of CL participation revenue.
That is why the club have posted such a big spend. Its an investment into the club to enable us to revisit the top4 and stay there.
Yeah, its pretty much a status quo report. Just finished reading it. What was expected, more or less.
Still fun to read some ABU-media already focusing on our net debt increasing when its actually because of us investing in new players and thus reducing cash at hand (which was too much to begin with). There is no new debt at the club. But I guess that its not how the Sun will portray it.
The most interesting part of the Q1-report is that the Class-A stock will be starting to trade ex-dividends from 29 november 2019, which means that the last dividends the Glazers (and the other shareholders) will take out of the club will be in January 2020.
For now. This step was alluded to in Q2 2019 already I think, and then the club went back on it in Q3, but it seems now it was just a postponement.
Its logical though, with The Glazers holdings now diluted to 70-75 percent, taking money out of the club and feeding other shareholders at the same time is not that smart.
But I guess that particular piece of real news does not fit the narrative of the ABU-media....
For now. This step was alluded to in Q2 2019 already I think, and then the club went back on it in Q3, but it seems now it was just a postponement.
Its logical though, with The Glazers holdings now diluted to 70-75 percent, taking money out of the club and feeding other shareholders at the same time is not that smart.
But I guess that particular piece of real news does not fit the narrative of the ABU-media....
By what metic are we the biggest club?
As I have said for nearly two years.
People have unrealistic expectations about our spending power.
Until there is a proper mass clearout, there will never be a spending spree.
People have unrealistic expectations about our spending power.
Until there is a proper mass clearout, there will never be a spending spree.
Probably none, maybe total fanbase. But its a naive question because it depends exactly on which metrics you do decide to use, which people obviously will have different opinions of.
France football tried to do this, which I guess comes close:
https://talksport.com/football/4927...manchester-united-liverpool-barcelona-celtic/
I would say that we, Real and Barcelona still stand out by far, with us probably being third there. But thats my metrics, there is no real answer to this.
They did kinda pay the whole debt with their earning though
Without the debt they'd take out more than a measly 20m. It's a 4bn asset. Forget united, you'd get much more than 20m putting that on timed deposit, probably alot more under proper hedge fund.
And that 20m is for the whole owner, not 20m each.
Yeah, the debt issue needs to be put to rest. Its so not an issue anymore and have not been for a long time. By not letting Mourinho almost double our wage bill and using the cash at hand for debt repayment instead of player investment the Glazers could have paid of the debt a couple of years ago. Easily. Probably twice even. Its just that it would have been a really stupid thing to do both financially and footballing-wise. Would that have been better?
So what was our actual transfer budget last Summer, and what kind of transfer budget can we expect in January and next Summer?