Club ownership | Senior management team talk

They havent spent £300m on the training ground, do you have a link ?

Well it was $300M rather than £, and it was for infrastructure. The first £50M was spent on the training ground, the rest is waiting to be spent on other projects (one would assume the stadium). It wasn't used to cover running costs, was the point.
 
Well it was $300M rather than £, and it was for infrastructure. The first £50M was spent on the training ground, the rest is waiting to be spent on other projects (one would assume the stadium). It wasn't used to cover running costs, was the point.
Yeah, I was going to say they only spent 50m on a facelift to the first team building and some new equipment and furnishings inside
 
Clubs like Brentford, Bournemouth, Everton, Ipswich and Coventry's net spend is more than us in this summer.
 
We’re definitely moving in the right direction.

Credit where it’s due – as much as it pains me to admit it, INEOS and Omar Berrada have handled the 2025 and 2026 transfer windows really well. Pretty much every signing has improved the squad and offered good value for money.

Santos looks like the bargain of the summer. If he backs this up with another top performance against PSG, it puts us in a great position regarding our next DM signing. My guess is we’re waiting to see whether City sell Rodri to Madrid and what kind of domino effect that creates.

If Tchouaméni becomes available, we won’t be negotiating from a position of desperation. If the fee or wages get silly, we can just walk away knowing we’ve already got a quality defensive midfielder in the squad. That’s a much healthier place to be than we’ve been in for years.
 
The Glazers found themselves in a situation where the club had effectively run out of cash flow. That forced them into two options: either sell the club or inject their own money—which was never something they were willing to do.


That's why INEOS came along at the perfect time. The Glazers got cash that went straight into their own pockets, while INEOS, as part of the deal, invested £300 million into the club. It's not like INEOS paid £1.2 billion and only then realised, "Oh, the club has no money." The negotiations lasted an entire year, and every party involved knew every financial detail about the club.


So INEOS didn't really have a choice if they wanted a stake in the club. Either they paid the Glazers £1.2 billion and injected another £300 million into the club, or they got nothing. Even if they had paid the Glazers £1.5 billion instead, the club would still have been missing that £300 million.


If it hadn't been for fecking INEOS—whose track record of running football clubs is, at best, mediocre—the Glazers would have been forced to lower their asking price, and a buyer would eventually have emerged. The lack of buyers wasn't because there was no interest; it was because the Glazers' initial valuation was absurdly high.


As for the club's financial stability, we're talking about a club that generates £800 million in annual revenue. If you lower your ambitions from competing for the title to simply fighting for fifth place, you automatically reduce spending on transfers and wages. Once you do that, it's not exactly difficult to make the club look financially stable.


I've said it before: the way INEOS sold this narrative and convinced a section of the fanbase is genuinely world-class PR.
See whenever I see this it makes me so angry we took the INEOS offer and didn't bide our time for the leeches to lower asking price. We should have seen they didn't have the funds for full sale and rejected it
 
See whenever I see this it makes me so angry we took the INEOS offer and didn't bide our time for the leeches to lower asking price. We should have seen they didn't have the funds for full sale and rejected it
Yep. Ineos getting in to bed with them allowed them to stay. If Ineos refused they would've had to lower the asking price to something sensible, they couldn't afford to carry on as is
 
See whenever I see this it makes me so angry we took the INEOS offer and didn't bide our time for the leeches to lower asking price. We should have seen they didn't have the funds for full sale and rejected it
Who is 'we' here?

The 'we' are surely the Glazers? They have no interest in acting for the club.

They also don't all speak with one voice. They became billionaires through inheritance, and they were split in their views. From what I recall, Joel and Avram wanted to hang on to the club, and the others wanted to cash in.
 
Yep. Ineos getting in to bed with them allowed them to stay. If Ineos refused they would've had to lower the asking price to something sensible, they couldn't afford to carry on as is
That's where I can't help but get annoyed at them for giving these yankee leeches opportunity to stay longer
 
Who is 'we' here?

The 'we' are surely the Glazers? They have no interest in acting for the club.

They also don't all speak with one voice. They became billionaires through inheritance, and they were split in their views. From what I recall, Joel and Avram wanted to hang on to the club, and the others wanted to cash in.
Sorry should have said Utd took their minority offer
 
So we got CL and a manager that seemed to work well with the group and this is what they cook up for him. They should be hold accountable for it when Carrick gets booted out.
why dont we panic after the windows is closed? correct me if im wrong but every new manager was backed in the transfer market the first season post fergie, maybe except for Moyes? who had unrealistic expectations.


There is a huge spending spree this summer and we are showing after years we wont be bended for price I think its good not spend 120m for the likes of Anderson or Rogers. It's time to be smart, negotiate hard until the end.

Management is surely are aware that LB needs to be upgraded(LB) whatever happens and third CM (probably Scott, Tchouameni, or a surprise higher profile more expensive player) and that both takes time for clear reasons..

Dont forget that Rashfords selfishness maybe cost us his upgrade and we are tryna raise some funds in selling Amass and Vitek for cheap.

I will be worried if it stays like this, but it wont happen.
 
Sorry should have said Utd took their minority offer
That's okay, I just didn't want to misunderstand.

For me, we had the perfect storm of bad circumstances.

Subject to a leveraged buy out which went so well that it is now banned as a method for taking over a club.

Our owners are nepo babies who inherited the club as an actual trust fund, and had little to no interest in viewing it as anything other than an asset. They don't even have their dad's CV and experience in building a business and becoming rich themselves. Their 'real club' was an NFL franchise which they view as far more important.

Then Sir Jim comes along who is after a legacy and is already in his 70s. He doesn't have time on his side so a compromise is thrashed out so he can have a go at running a football club, but that compromise doesn't deal with any of the structural issues that started in 2005 with that leveraged buyout.
 
why dont we panic after the windows is closed? correct me if im wrong but every new manager was backed in the transfer market the first season post fergie, maybe except for Moyes? who had unrealistic expectations.


There is a huge spending spree this summer and we are showing after years we wont be bended for price I think its good not spend 120m for the likes of Anderson or Rogers. It's time to be smart, negotiate hard until the end.

Management is surely are aware that LB needs to be upgraded(LB) whatever happens and third CM (probably Scott, Tchouameni, or a surprise higher profile more expensive player) and that both takes time for clear reasons..

Dont forget that Rashfords selfishness maybe cost us his upgrade and we are tryna raise some funds in selling Amass and Vitek for cheap.

I will be worried if it stays like this, but it wont happen.

The problem with your theory is that just sitting around hoping something pops up is a stupid strategy when we realistically need 3 more signings (2 at a bare minimum). We are dreadfully thin at CM/LB/CB and essentially every top target of ours is off the board (unless you believe the Tchouameni reports I guess). We've also not shown any ability to negotiate from positions of strength in both buying or selling, so we have to hope that any feasible target has a reasonable asking price set on them immediately.
 
United will probably lose to Hull/Ipswich and then sign someone after everyone is going crazy
We play Ipswich the day before the window closes, I really how they're not that stupid again. Tbf we have the easiest start in pl histroty, playing the worst 2 teams in our first 2 games
 
Well it was $300M rather than £, and it was for infrastructure. The first £50M was spent on the training ground, the rest is waiting to be spent on other projects (one would assume the stadium). It wasn't used to cover running costs, was the point.
The $300m is all gone. Spent on the training ground (about 60m) and pretty much everything else. Though it was to be used for infrastructure, it could also be used in the "ordinary course of business". And that's what happened essentially. The club received 159m in 2024 and 80 in 2025 from the issue of shares to JR and used most of it in the ordinary course of business.
Some of that money went to the training ground development, some went to paying down the RCF, and so on. Monies that go into the general business pool are entirely fungible, so its sort of pointless ascribing certain amounts to particular expenses.
It didn't last long.
 
Why would you think that?

On paper we look to be a stronger squad so outside of injuries or poor form we should be alright
Well that's just how it works. Have seen the story multiple times before. Our squad is fine but there are a lot of gaps especially if we have to play 50+ games this season
 
Well that's just how it works. Have seen the story multiple times before. Our squad is fine but there are a lot of gaps especially if we have to play 50+ games this season

Yeah we need more depth with the volume of games, to be fair.

We should have £100m plus of the budget remaining so fingers crossed we spend it wisely
 
Yeah we need more depth with the volume of games, to be fair.

We should have £100m plus of the budget remaining so fingers crossed we spend it wisely
Yeah I am not much of a transfer junkie and don't really care that much about who we sign but I would really like a Left back and another attacking option of some sort. Luke Shaw can't be expected to stay fit again.
 
Yeah, I was going to say they only spent 50m on a facelift to the first team building and some new equipment and furnishings inside
I once renovated a community centre (not by hand, obv) and it cost £2M to do, so the idea of a £50M refurb seems insanely opulent.
 
So they have not invested in infrastructure? As I said, you're pedantic
You're saying it like it was out of the goodness of their hearts. They had to invest that money as part of the deal
 
I once renovated a community centre (not by hand, obv) and it cost £2M to do, so the idea of a £50M refurb seems insanely opulent.
Money well spent, the first team building looks amazing; they never built the paddle courts Rubin asked for :lol:
 
So what? The Glazer never did in 15 years
The Glazers were the ones who got this investment. It's not something good on the part of Ineos or the glazers. People trying to pretend Ineos are doing right by us, they had no choice
 
Money well spent, the first team building looks amazing; they never built the paddle courts Rubin asked for :lol:
It feels like rebuilding paddle courts into squash courts into badminton courts for successive managers would be very on brand for United.
 
The Glazers were the ones who got this investment. It's not something good on the part of Ineos or the glazers. People trying to pretend Ineos are doing right by us, they had no choice
Yeah they gave the leeches a stay of execution
 
The Glazers were the ones who got this investment. It's not something good on the part of Ineos or the glazers. People trying to pretend Ineos are doing right by us, they had no choice
You can dislike them as much as you want but things have improved since they came in. Or you think the Gmazers would have invested 50m into Carrington?
 
You can dislike them as much as you want but things have improved since they came in. Or you think the Gmazers would have invested 50m into Carrington?
That was invested because of the Glazers. Anyone who came on board had to make the additional investment , 50m of that went to Carrington. You don't get credit for something you're being forced to do.
Theyve made some awful signings and some decent ones, they've made awful manager calls, they've had the drama with ashworth. They've done loads wrong but because we get a couple of decent signings and fluke our way to 3rd following the worst 18 months in our history following the arrival, they are our saviours? Pull the other one
 
Last edited:
And yet you have people fighting Ineoes corner more than anything
I was willing to do it until reality dawned on me that INEOS are never gonna get majority ownership now. So we should have rejected their minority offer and waited for these leeches to be forced to lower asking price.
 
I was willing to do it until reality dawned on me that INEOS are never gonna get majority ownership now. So we should have rejected their minority offer and waited for these leeches to be forced to lower asking price.

Some posters were really keen on this "path to full ownership" PR stunt back then. Sad state of affairs, but hopefully it helps people see that profesional liars are systematically gonna lie.
 
Some posters were really keen on this "path to full ownership" PR stunt back then. Sad state of affairs, but hopefully it helps people see that profesional liars are systematically gonna lie.
Yeah I just wanted someone who wasn't these leeches in charge of Football operations, in hindsight Utd made a monumental mistake taking a minority offer. We needed to wait for the asking price to lower then would have got more interested parties, damn that's never gonna happen now with new stadium on the horizon.
 
That was invested because of the Glazers. Anyone who came on board had to make the additional investment , 50m of that went to Carrington. You don't get credit for something you're being forced to do.
Theyve made some awful signings and some decent ones, they've made awful manager calls, they've had the drama with ashworth. They've done loads wrong but because we get a couple of decent signings and fluke our way to 3rd following the worst 18 months in our history following the arrival, they are our saviours? Pull the other one

Yeah I don't buy all that INEOS defense either.
 
Disgusting we can’t compete and the only reason we can’t is due to the glazers. We’ve been far too tolerant of the glazers and every other club is happy we’ve been handicapped. Only when they are gone will we ever flourish.