"Our club focuses on finance more than football" - a myth?

shamans · May 30, 2022

Because even our finances are terrible.

https://finance.yahoo.com/quote/Man Utd/

Our share has an EPS of -1.18 (losing money)
Revenue has been shrinking since 2019
Operating expense has been going up
Set to record another total loss by the end of the year.

I'm not a finance guy but a regular Joe who likes to buy value stocks and Man Utd seems like a terrible buy. I would like to see some finance guys shed more light on this.

How do we even afford transfers? We're bleeding money it seems.

Blood Mage · May 30, 2022

The Glazers will surely be looking to sell soon. Years of failure has caught up with us, Woodward and Judge mismanaged our money and I think they realise they just aren't up to the task of running a football club without Ferguson's genius to guide them.

stw2022 · May 30, 2022

We haven’t got any money and the owners are surely about to sell.

I’m sure unintentionally but the first two posts are literally every day for the last fifteen years.

Scottynaldinho · May 30, 2022

I agree with the general thinking that glazers will sell now. They've milked the cow as much as they could without hurting their own pocket.

JamesCurran · May 30, 2022

shamans said:
Because even our finances are terrible.

https://finance.yahoo.com/quote/Man Utd/

Our share has an EPS of -1.18 (losing money)

Revenue has been shrinking since 2019

Operating expense has been going up

Set to record another total loss by the end of the year.

I'm not a finance guy but a regular Joe who likes to buy value stocks and Man Utd seems like a terrible buy. I would like to see some finance guys shed more light on this.

How do we even afford transfers? We're bleeding money it seems.

A terrible buy?

Stock price currently values the club at £1.63 billion, Chelsea sold for £2.5 Billion, 10% of the CFG sold for £390 million 3 years ago.

Both of those clubs who have had well over a billion paid into them to keep the afloat whilst Manchester United have not.

I would call the stock a bargain.

I'm a beautiful thing · May 30, 2022

I'm sure as soon there's a chance the Glazers can't milk us for much longer they will be off,one last big payday for them.

TOPREDIAMNOT · May 30, 2022

shamans said:
Because even our finances are terrible.

https://finance.yahoo.com/quote/Man Utd/

Our share has an EPS of -1.18 (losing money)

Revenue has been shrinking since 2019

Operating expense has been going up

Set to record another total loss by the end of the year.

I'm not a finance guy but a regular Joe who likes to buy value stocks and Man Utd seems like a terrible buy. I would like to see some finance guys shed more light on this.

How do we even afford transfers? We're bleeding money it seems.

Oh yes as an investment Man Utd is awful. Mo way I'd do it. Much better businesses.

They have a loophole where they can get debt on stocks and pile it on the club to keep it relevant. They will build the brand name then exit one way or another. They might be forced to sell less now than they could have done 2 year ago.,

IF say we was to win the pem or CL soon...they might use that as an exit point on inflated value.

TOPREDIAMNOT · May 30, 2022

stw2022 said:
We haven’t got any money and the owners are surely about to sell.

I’m sure unintentionally but the first two posts are literally every day for the last fifteen years.

Sell to who?

With all that is going on in the world who has £3bn to invest in a football club with revenues less than £550M?

JamesCurran · May 30, 2022

TOPREDIAMNOT said:
Sell to who?

With all that is going on in the world who has £3bn to invest in a football club with revenues less than £550M?

Probably the 5 plus bidders that where going to buy Chelsea.

clarkydaz · May 30, 2022

i was hoping/hope when their masterplan of the superleague failed, they might consider selling. Why are they still here, take the money and feck off

Abraxas · May 30, 2022

TOPREDIAMNOT said:
Sell to who?

With all that is going on in the world who has £3bn to invest in a football club with revenues less than £550M?

Plenty of people would be interested at that level. The issue currently is the Glazers have had no willingness to sell and therefore it's not likely to be at those figures. If it was I think we'd see a small but significant queue of interested parties.

The Corinthian · May 30, 2022

shamans said:
Because even our finances are terrible.

https://finance.yahoo.com/quote/Man Utd/

Our share has an EPS of -1.18 (losing money)

Revenue has been shrinking since 2019

Operating expense has been going up

Set to record another total loss by the end of the year.

I'm not a finance guy but a regular Joe who likes to buy value stocks and Man Utd seems like a terrible buy. I would like to see some finance guys shed more light on this.

How do we even afford transfers? We're bleeding money it seems.

I haven’t seen the figures, but revenue shrinking is most likely due to Covid. I’d imagine it’ll be up to pre-covid levels for the 21/22 accounts.

Vernon Philander · May 30, 2022

These last 10 years have been great for the Glazers. With the greatest support base and interest in the world, they have a ready captive audience that most brands would kill for. Which has meant they can largely ignore how well we do on the pitch, knowing that it takes decades for large swathes of those supporters to actually turn their back on the team and lose interest and hence less eyeballs on the product. So you just merely buy players that maximise the commercial branding and income, when you get the opportunity. Long term football strategy be damned. Is it any wonder with players with such inflated self importance of bringing in money to the club via sponsorships, that they see themselves as above the manager(s)?

Ted Lasso · May 30, 2022

Ed Woodward was a terrible CEO on and off the pitch.

Infra-red · May 30, 2022

The Corinthian said:
I haven’t seen the figures, but revenue shrinking is most likely due to Covid. I’d imagine it’ll be up to pre-covid levels for the 21/22 accounts.

It will fall short - the club announced financial results for Q3 at the end of last week. We've reported a £58m pre-tax loss for the first 9 months of the financial year. Revenue is up from £400m for the same period last year to £465m, but it is still short of the pre-covid figure of £496m, which means we are not going to match the 2019 revenue peak of £627m this year.

Looking at the results overall, the main trends are increasing wages (up 21% this year) and stagnant revenues (commercial revenues have basically flatlined since 2016/17), which means wages to turnover is currently at 62% (better than 65% last year, but still our second worst figure ever and quite a change from 45% in 2017).

Ed Woodward's famous claim in 2018 that "playing performance doesn’t really have a meaningful impact on the commercial side of the business", is predictably being shown to be completely wrong.

DevilRed · May 30, 2022

Spent the most money on transfers (almost) and at one point had the highest wages in the league.

The glazers are cnuts. But they also have a right to be pissed off at how the money has been spent so poorly with so little return.

Amir · May 30, 2022

We don't focus on finance more than on football.

We're just better at making financial decisions than we are about footballing decisions.

Smithy89 · May 30, 2022

Woodward worked for JP Morgan, that's what sort of bloke he is.

The Corinthian · May 31, 2022

Infra-red said:
It will fall short - the club announced financial results for Q3 at the end of last week. We've reported a £58m pre-tax loss for the first 9 months of the financial year. Revenue is up from £400m for the same period last year to £465m, but it is still short of the pre-covid figure of £496m, which means we are not going to match the 2019 revenue peak of £627m this year.

Looking at the results overall, the main trends are increasing wages (up 21% this year) and stagnant revenues (commercial revenues have basically flatlined since 2016/17), which means wages to turnover is currently at 62% (better than 65% last year, but still our second worst figure ever and quite a change from 45% in 2017).

Ed Woodward's famous claim in 2018 that "playing performance doesn’t really have a meaningful impact on the commercial side of the business", is predictably being shown to be completely wrong.

Thanks. I’d imagine the wages to turnover will drop a lot nearer to the 50% mark given the likes of Pogba, Lingard, Mata, Cavani, Matic, etc are all leaving and with further departures and clauses for missing the CL, but this’ll be apparent in the 22/23 accounts.

MDFC Manager · May 31, 2022

Come on guys, Glazers won't sell. They'll just refinance and add more debt to continue to hold the club.

OverratedOpinion · May 31, 2022

Amir said:
We don't focus on finance more than on football.

We're just better at making financial decisions than we are about footballing decisions.

This is a good way to put it.

Also a large amount of arrogance from people thinking that because they are great at one thing they can transfer that to a totally unrelated area. Avoiding hiring actual experts in the field for too long.

MancunianAngels · May 31, 2022

United have always been about making money. Even before Glazer. Its just that between 1990 and 2013, we had an amazing manager. Even then, Fergie was reportedly close to walking away in 1996 and 2001 over transfer budget disagreements.

We took advantage of the post 92 commercial boom to an extent and built the Megastore and put an exec section in the Streford End despite major fan objection.

The other thing people forget is we've never been a particularly well run club. 95% of our success post WW2 has come from only 2 managers.

choccy77 · May 31, 2022

shamans said:
Because even our finances are terrible.

https://finance.yahoo.com/quote/Man Utd/

Our share has an EPS of -1.18 (losing money)

Revenue has been shrinking since 2019

Operating expense has been going up

Set to record another total loss by the end of the year.

I'm not a finance guy but a regular Joe who likes to buy value stocks and Man Utd seems like a terrible buy. I would like to see some finance guys shed more light on this.

How do we even afford transfers? We're bleeding money it seems.

Revenue shrinking since 2019..... erm I wonder what has caused this & why no one else has been affected..... wait a minute :rolleyes:

"Our club focuses on finance more than football" - a myth?

Thinks you can get an STD from flirting.

Full Member

New Member

Full Member

New Member

New Member

New Member

New Member

New Member

Full Member

Full Member

I will not take Mad Winger's name in vain

Full Member

Full Member

Full Member

Full Member

Full Member

Full Member

I will not take Mad Winger's name in vain

Full Member

Full Member

Full Member

New Member