Ed Woodward - "something'll 'appen this summer littleman"

Infra-red

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Of course the big clubs will take a conservative approach this summer, given the uncertainty surrounding the viability of the game for the next year or so and the inevitable economic fallout.

I don't think anyone was actually expecting a big summer of spending.
 

Antisocial

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This seems obvious - unless you are funded by a sugar daddy like City, PSG and soon Newcastle, or a club like Everton I suppose and potentially Chelsea depending on Roman’s mood, then the finances of normal clubs including ours have to be affected by all this.

Liverpool might have plenty to spend given the last summer window (but then the one before that was massive financially), otherwise I see the sugar daddy clubs having their pick of players with their owners’ money and other clubs being weakened by shortened season.
 

SpyLuke10

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Coronavirus or not, it's a 60m netspend as usual incoming. Call me cynical, the recent good PR by the club was also to soften blow of little investment by the Glazers. Same old nonsense, we have over 30 points to make up to compete. The acceptance of budget by fans feels like Arsenal now, it's awfully sad.
60M net spend could still be a good window for us though. eg. we could sell Pogba for 90M, buy Sancho for 100M, buy Grealish for 60M and then sell Lingard for 10M and that would be a 60M net spend. Getting rid of Sanchez (and also Rojo to a lesser extent) would be brilliant as well for our wage bill. Smalling could go for 15-20M.

Essentially, we could sell Pogba, Smalling and some deadwood, and buy Sancho, Grealish and Bellingham, and that would be on a 60M net spend.

Sancho, Grealish and Bellingham would cost 175M (100 + 50 + 25). Pogba and Smalling ought to get us 105M (90 + 15). Lingard, Jones, Rojo, Sanchez and Pereira, we'd need to get 10M out of selling one or several of these guys, in order to have a net spend under 60M. Considering the circumstances, 60M might actually be a reasonable net spend this year. Hey, perhaps all these prices will scale down relative. eg. 100M for sancho becomes 80M, 90M for pogba becomes 72M.
 

tenpoless

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This is to unsettle Dortmund. "You sell Sancho for 70m to us this summer or there'll be feck all happening and no other buyers. You need money don't you? hmmmmmmmmmmmmm?".
It's on.
 

chb23

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We are one of the richest clubs. It would be great if we let the market play out first to see the transfer fee drops and then we start bidding for players.

If we start bidding first clubs will still expect exhorbitant fees
 

amolbhatia50k

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While there might not be incomings I hope there will be outgoings. I don’t mind if we do a bit of charity and donate Lingard to one of the relegation outlets.
Hope don't senselessly have players going out without more than enough coming in. Would love to see Lingard and Periera go though.
 

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He is completely right and sensible in what he's saying.

Even if we were to bring in 3-4 players this summer a £200m budget would be outrageous in the current situation and irresponsible.
The market is collapsing so noone, including opposition clubs, should expect pre-covid level transfer fees.
 

UpWithRivers

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If he was a smart man he could go from looser to cult hero. Wait till they void the season and announce Liverpool have not won the Prem and the second they announce send out a tweet saying we have signed Sancho. Oh happy days :lol:
 
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Every club forward plans and has a budget. That’s now gone out the window, and until there is clarity about what’s going to happen, then it’s a massive risk for clubs to be spending big in this environment.

very sensible from Woodward, sets the expectation for both fans and other clubs. There will still be transfers this summer, but not as many and not as big. This should also keep wages from inflating massively.
 

Oldyella

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Don't understand how anything he said here is bad.

Contrary to the OP title he's not saying big transfers won't happen, he's saying there's a time and place to talk about transfers and this is not it.
Yeah. A lot of clubs are probably struggling to survive, talking about multimillion transfers is not a good look while this is going on.
 

The Urban Goose

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Every single year.

Woodward: "we're minted!"; Caf: "why say that you fecking eejit?!"

Two weeks later...

Woodward "Prices are too high"; Caf: "we're skint, fecking Glazers, waaa waaa waaa".

Follow Morrissey's advice, don't read the newspapers.
 

Globule

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Common sense really. The economic situation is far too unpredictable to be spending vast amounts. As well as the impact that having no matches for such an extended time, there are financial implications from the lack of TV revenue and prize money.

On top of that, a lot of companies are looking to cut costs, which has an impact on potential sponsorship deals. Then there are fans that are looking to cut their own costs, which means less merchandising revenue.

The fact is, nobody knows what the impact of Covid 19 will be on the global economy, as we can't realistically predict how long the situation will endure. Under that climate, shelling out multi-million pound transfer fees would be a questionable decision. Especially when another avenue of income - selling players - is entirely dependent on other clubs willing to take that gamble.

The clubs that are most at threat are going to be those whose business model is heavily reliant on selling players, because finding buyers is going to be more difficult now.
 

Lentwood

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What coronavirus might mean is that clubs are willing to accept significantly reduced fees if the money is exchanged upfront

For example, take Sancho. Typically we would offer, say, £100m over 5yrs + £20m in bonuses depending on achievements.

Trouble with that for the selling club is they only get £20m Yr.1

Could it be possible that given the cash flow problems some clubs are likely to experience, they are more willing to accept, say, £75m upfront, using the Sancho example?
 

POF

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It would be absolute madness to spend huge money on transfers before the full fallout is known. There's talk of clubs not being able to pay their players leading to contracts being breached and maybe even voided.

Why spend £100m on Sancho when he might be free or worth £20-30m in a revised market a few months later?

If the Neymar transfer changed the market, COVID could have a far bigger impact but in the opposite direction.

If the market collapses, teams who have spent big in recent seasons paying in annual installments could be in big trouble.

It's also not the ideal time to have an absolute dud as your top earner with years left on his contract and a wantaway midfielder where you were expecting a £100m plus transfer fee.

Clubs will be extremely cautious in the aftermath of this until the full fallout is known - and rightly so.
 

RedDevilUnited369

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I don’t believe what’s being insinuated. I think Woodys has enough of having his pants pulled down in the transfer market.

last year Arsenal has no money to spend but ended up with a£75m Pepe.

He has to stop telling clubs that we have money to spend because we get robbed every transfer window.

maybe the media man has trained him in a better approach to the transfer window.
 

flappyjay

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While I tend to agree with this view it is very much obvious that Woody and the Glazers are using this current Covid 19 situation the help their own agenda. They don't want to invest in our club and the fact we covered Maguires transfer with the Lukaku money says a lot.
Except after we had signed Maguire we almost swaped Lukaku for Dybala.
 

flappyjay

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I don’t believe what’s being insinuated. I think Woodys has enough of having his pants pulled down in the transfer market.

last year Arsenal has no money to spend but ended up with a£75m Pepe.

He has to stop telling clubs that we have money to spend because we get robbed every transfer window.

maybe the media man has trained him in a better approach to the transfer window.
To be fair Arsenal are paying for him over a 4 year period or something like that.
 

RooneyLegend

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Maybe this means we'll be forced to make smarter moves like signing the likes of Fekir.
 

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united sending signals they don't have money; love it.. united saying we can't be fleeced..
 

Alabaster Codify7

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Probably realistic, I guess Pogba, Raiola and the club will need to get super inventive to explain why he's still 'recovering from injury' in March 2021.
 

Kag

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This an exercise in PR as much as it is an exercise in transfer business savvy. The club might make mistakes in its football operations, but it doesn’t do bad PR on a wider scale. We’re no Liverpool.

United boast about £100 million transfer targets while 800 UK citizens die every day.”

Woodward isn’t daft. He doesn’t want that headline attached to the brand. Football will wait until the situation has calmed somewhat before big money starts to enter discussion again.
 

Greck

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Glad this is clarified because I've been baffled the last couple days by where the 100m Sancho reports were coming from. Why will we pay those prices right before transfer prices plummet? I'm glad some aren't in charge of our money. By July this year 70m for Sancho might even be a bargain for Dortmund. Wait however long it will take for these clubs to be in the red from lower revenues. No transfer needs to happen this week or next. We've gotten fleeced enough in the last 7 years
 

RUCK4444

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That’s a PR line as much as anything. Before you know it the big money will return to the game in earnest with fans desperate for football.

There will be a dip in prices initially but I wouldn’t expect that to last much more than one transfer window, and if that is the case then it makes all the more sense to buy big names cheaper this window.
 

Web of Bissaka

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That thread title

Reasonable, but hope this doesn't mean we WON'T sell players we need to get rid, just because it's "under-valued", so better to retain the "assets" in order to sell it at a comparable "returns" of selling prices in the future once every corona-v-economic situations stabilized.
 

Champagne Football

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Please. Surely people have finally moved on from this nonsense.
Same thing was said last year in regards to Greenwood and Williams.

I'm thinking Grealish might be coming instead of Sancho now due to costs. Possibly Bellingham too and that might be the end of our summer spending.
 

UnitedFan93

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Of course the pandemic is going to affect how much money we have to spend.

That being said, United should see this crisis as an opportunity to pinch top players off clubs that might be desperate for cash.

We should definitely aim to bring in 2 or 3 top players in the summer. If it means having to borrow 20-30 million from the bank to top up our transfer budget to bag a generational talent like Sancho we should do it.

Once football recovers, it will be more competitive than ever, especially with the Saudi investment in Newcastle, and City might get their ban overturned/reduced.

Once Newcastle start throwing hundreds of millions at players, inflation in football regarding transfer fees and salaries will skyrocket (even more!).

We want to be in a position whereby we have a young talented squad, full of world class players on long term contracts. We should absolutely make our move this summer, it will be much cheaper in the long run.