I can honestly see us getting absolutely hammered by Arsenal. The pressure will be massive on Amorim after that first match
Club ownership | Senior management team talk
- Thread starter golden_blunder
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How can a club be so shit for so long.
First we had to endure a decade of mismanagement due to scumbag owners appointing a banker as CEO, and then even after some initial hope following a partial takeover, we still look like a poorly run organisation run by knob heads
First we had to endure a decade of mismanagement due to scumbag owners appointing a banker as CEO, and then even after some initial hope following a partial takeover, we still look like a poorly run organisation run by knob heads
The same person who put together that data does not agree with what you’ve said.
This is for people who are giving ineos the free pass and blaming glazers alone. Cash position among top5-7 in the league. This is till end of second quarter so half a season. After this, we d have recieved season ticket renewal money, europa league finalist money, post season tour cash, we also saved 8.5 m on rashford wages till end of season and about 2.5 m on antony's. We got 5 m in cash from chelsea on 30 june, which should be included in previous year accounts. Yes we pay huge interest and that is glazers saddling us with debt, but people think it is worse than ineos thought are giving ema free pass. Tottenham have more transfer debt and more financial debt (new stadium), yet they are able to function much better than us.
Ineos crying psr issues (which later turned out to be complete lies) and now cash issues which is not as bad as they want to make it out. Imagine if cash was so bad, would we committ to paying for dorgu and cunha in accounts ending 30 june? We are paying millions to consultants to fire blue collar staff and taking lunches and travelling expenses away.
https://swissramble.substack.com/p/why-are-manchester-united-cutting
It’s pretty pointless looking at data from a year we had champions league football and using it as a reference point for the state the club is in now.
Let's be honest here. Looking at our current state and the level of the clubs around us there's no quick way out of this. We are going to be absolutely terrible for at least 5 more years and after that if we take the right steps in the next few years then we can get somewhere. Worry is whether the new owners have the ability to think long term and accept the short term pain.
It does not disagree with me at all.
The level of competition in the PL now is enormous. The entire top 12 are signing players who could have easily been options for us. I don’t think Mbeumo is superior to Kudus, for example.
The guys in charge seem to have fallen for the idea that Amorim just needs a bit more time on the training ground. Coming from where we ended last season, I expected a far more proactive approach this summer. Long before the season even ended, it was generally accepted that we had resigned ourselves to just getting to the summer when the real work will start.
Sunderland are showing far greater intent than us.
The guys in charge seem to have fallen for the idea that Amorim just needs a bit more time on the training ground. Coming from where we ended last season, I expected a far more proactive approach this summer. Long before the season even ended, it was generally accepted that we had resigned ourselves to just getting to the summer when the real work will start.
Sunderland are showing far greater intent than us.
There is little indication they will improve us over the long term, or record of them doing so in there other sporting ventures
This is the silly thing. There is actually so much talent out there now, it's silly to obsess over specific players - especially in the mid level talent category. There's not many Mbappe/Haaland/Vinicius level talents around, but the 2 rungs below them are about as stacked as they've ever been.
Okay, well you haven’t signed up for the full article. It’s a bit pointless having a discussion about United’s cash position at the end of 23/24. It’s easy to talk about savings made with Rashford, but it won’t touch the sides compared to not having champions league football in 24/25. Along with the extra £200 million added on top in transfer fees last summer.
Obviously a lot of the actions taken last season are to do with the forecasting for this coming season, without any European football.
The numbers for united are out for 6 months ended from 30 june. Those include the transfers we have made but does not include loan savings made post january .
Our net cash position as per latest accounts is 73 m of cash in hand. 90 m is available to borrow on credit facility. These results were released in mid june, i would urge you to check em out. The 200 m spent is already accounted for in them.
Because we've run out of money and only a massive cash injection by mega rich owners can fix us, probably.
PSR takes that possibility away.
Relax, guys...
Christ this window is painful. Re-educating the market as to our willingness to let the price creep makes a lot of sense for the long term, I just wish it wasn't so agonizing going through it. That combined with the fact that we're not operating out in the open anymore means we haven't even got the excitement of knowing who is next on the list. Again, a good thing for the long term, again, painful for me the fan. It be a particularly bitter type of medicine this.
I'm holding out hope we get a couple more shadow dropped players, like Leon, Heaven, Dorgu were. Cunha happened pretty quickly, and as soon as Delap was off the table, bam, we've agreed with Mbeumo. Especially in the youth/first contract space, I'd like to think we have a couple names to move on as soon as we've got some money back from the 5. But that admittedly is just hope.
I'm holding out hope we get a couple more shadow dropped players, like Leon, Heaven, Dorgu were. Cunha happened pretty quickly, and as soon as Delap was off the table, bam, we've agreed with Mbeumo. Especially in the youth/first contract space, I'd like to think we have a couple names to move on as soon as we've got some money back from the 5. But that admittedly is just hope.
Just imagine this place if we lose against Leeds on Friday in Sweden.
Doesn't explain why we have been run so badly, it's even more reason to try and ensure we are run efficient but that doesn't seem to be happening beyond ineos just doing their jobs cutting thing
Okay but again, I’m not sure why you bothered posting data that doesn’t relate to the recent results you’re talking about.
The 73m cash in hand was down by 20 million in three months. Despite Jim injecting £238 million since Ineos got involved, the cash position was about the same as the Q3 results the year before. We were losing significant sums of money before we even consider not having European football now.
The credit facility may have £90 million available, but it started at £300 million and we blew £200 million in summer 2024. It’s not sustainable to keep using this. That’s probably a large reason why the Mbeumo deal isn’t happening, Wolves already pushed us into paying for over two years for Cunha, Brentford likely want the same.
At least we can make a serious pitch to Cole Palmer now.
Headlines like this are so stupid.
Not surprising after closing the London offices
Surely his mom cuts his hair...
I thought the new board sat a price limit on new players of max 60m.
Where did you get that from?
New barbers, you say? Maybe i got it wrong about these guys, not messing around
What they the lads don't realise it will be short back and sides all round.
Well that's obviously BS because they just paid more than that for Cunha
If it's Palmer's mum then it'll be a basin cut
I think I read it here in a tweet on the caf.
I think you are not reading accounts at all and just making up numbers. I have explained this earlier, SJR's 238 million all did not go into operational activities. 50 m or more went to carrington, 40 m finanaced club purchase via raine, more of it would be financing the consultants hired to fire people, 20 m of it went to eth and ashworth, 11 m for ruben and his staff.Money would have gone to murtaugh and arnold and other higher execs who left (5 m for arnold alone example). Many of those very avoidable expenses.
On cash yes it fell 22 m, but it was still 7 million higher than previous year, in which we had CL. We also saved an extra on wages and the drop off 45 m or so from No cl tv revenue was cancelled out by 40 m drop in wages (this is expected to further help as rashford, antony were loaned out ). We had reduced salaries by 12 % in first 6 months but next three months it was 22 % showing the effect of loaning rashford and antony and some job cuts, this will be further magnified in full year accounts as last 3 months will be counted as well. United are still indicating 670 m pounds of revenue which is higher than previous year despite having Cl last year. Our ebitda will be 18 % higher 185m than expectation . Our wages to turnover will be 46 % or so, compare that to villa 90 % and chelsea 80-90 %. This is how tight we are run on wages. Next year we will further lose, sancho (8 m or so) rashford (15m) antony (5m)garnacho (5m) lindelof and eriksen(8m ) evans (3m). We will definitely add more with cunha, mbeumo and maybe 2 more major signings, but overall i expect us to reduce wages by a significant sum. Add to this the wages of 450 workers that wont be needed to be paid and no Cl cuts will continue to hit the wages.
One thing to notice is we would have broken even but we have to pay Interest of 31 m which turns a loss. The club financial picture is nowhere near as bad as ineos want anyone to believe, they needed an excuse to bury 450 jobs, First they lied about PSR to elave the manager short and now its the overall finances, which is again not that bad. Also another thing that has heped club is we have to renew our credit card and other facilities soon, this is coming at rioght time as rates are again trending lower, even trump wants to make em lower, which helps us as some of our borrowing is in $$$. ALso helps getting funds for stadium.
Credit facility did not start at 300 m, it was already drawn upon during covid and was essential how club was able to function during that lean period when the total tv and matchday income sources were blocked. United had 143 million used on 31 march 2024,then used 70m, but we paid 30 m back in dec 24 and spent some of that on dorgu, to end up being 90m being available and 210 m being used, i am not sure but we had 200 m or so used last year as well and paid down 70 m of it from cash inflows by 31 dec 2024. You have to remember the next quarter is when most cash inflows happen, we get our tv share, our prize money, year end bonuses from sponsors, season ticket sales (Expected to grow). We would also get an extra 5 m from sancho and 10 m from post season tour, as that loan expired pre books close, we might choose to book it next year,
Also this is first year of adidas new deal which banks us an extra 15 m from previous 75 m a year deal, there are cuts related to No ucl, but it will still be higher than previous deal, similarly snapdragon deal is bigger than the previous one. We also have new sleeve sponsor and training gear sponsor deals to be renegotiated. There are travel partners and other deals on offer which will be signed in due course.
If you ask em easiest way to get out , it is to spend big, take the PSR fine and ensure 3 consecutive years in CL, that is it. we will make enough to pay down the credit facility and have Good levels of cash . Arsenal cash position over last has been 19,30,43,67 m . They have made 200 m loss over 4 years and have transfer devt of 268 m, which will rise to a huge level after last year and this year signings. Our wages will fall lower than them and our ebitda is about 30 m high compared to their last year. The difference is obviously the interest payments we have to make, while arsenal get shareholder loans at 0 %*the ones that city challange)
He looks like he does it himself.
Why does SJR have to be present for transfer bids?
Why is he inviting Amorim fishing during pre-fecking-season?!
It didn’t say SJR, or anyone would be present for transfer bids.
It said they were meeting to discuss business (as is usual) and no doubt transfer matters.
Amorim wasn’t being invited to go fishing.
It was a meeting.
The management team probably flew up to Iceland to meet with SJR and then flew straight back afterwards.
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So, amid the streams and hills of Iceland, Ratcliffe, Berrada and Wilcox are spending the 48 hours before kick-off against Leeds thrashing out the path forward for United, while also getting to know each other — and nature.
Phone signal can be intermittent in the area, but it was no impediment to United pressing ahead with a third bid for Bryan Mbeumo, reaching £65million plus £5m in add-ons. Indeed, it can reasonably be deduced that being together in person, as Ratcliffe prefers when taking big decisions, was in fact the trigger for stepping up their transfer plan"
and
Ratcliffe did propose Ruben Amorim join the trip, too, but after discussions, United’s co-owner accepted that the team’s head coach needed to be with his squad exclusively in the build-up to a fixture that marks the beginning of the 2025-26 campaign.
I read the whole article and its truly impressive how Athletic journalists can report absolutely nothing using so many words
It is only a small thing but surely if he wanted Ruben(or other club officials) to be at the meeting then the location picked should have been one that would have minimal effect on team preparations(i.e. have it where the team are training) at this time and not drag everyone off to Iceland just because you are on some fishing trip.
I don't think that's a small thing at all.
You're having meetings to discuss a way forward for United and want the manager there (so obviously his voice is important in that meeting) - like you say, have them somewhere sensible and not off fishing in Iceland!
It says in that same article that Ratcliffe chooses locations further away to have an informal atmosphere, removed from an office or work environment.
Amorim probably joined through teams. Always one awkward person on a giant screen in these meetings now.