#GlazersOut

Discussion in 'Manchester United Forum' started by Marcelinho87, Jun 20, 2019.

  1. Aug 13, 2019

    Denis79 Full Member

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    I had my gold yellow scarf on me vs Chelsea and I'll continue to wear it to every game I attend this year.
  2. Aug 13, 2019

    AshRK Full Member

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    Don't know if it's already posted but this is unacceptable.

  3. Aug 13, 2019

    Fluctuation0161 Full Member

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    Well said mate.
  4. Aug 13, 2019

    Lastwolf Full Member

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    Doesn't seem right, Villa spent 150m and only has 25m in debt ...so they paid for all those transfers on the nose?
  5. Aug 13, 2019

    Samid follows Pogue around, fixing his images

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    Did they spend 150m in 2018?
  6. Aug 13, 2019

    Lastwolf Full Member

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    ah it's last year, makes more sense.
  7. Aug 13, 2019

    Wumminator The Special One!

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    ...

    Why is it unacceptable?
  8. Aug 14, 2019

    Class of 63 Full Member

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    Well don't look at 'em, or think about 'em then.
  9. Aug 14, 2019

    Class of 63 Full Member

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    :lol:
  10. Aug 14, 2019

    UnofficialDevil Anti Scottish

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    Not anti Scotish, just posted a lot against Moyes.
    :lol:
  11. Aug 14, 2019

    Irwin99 Full Member

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    Great read. I hope the Green and Gold campaign resurfaces as at least a visible symbol that United fans aren't happy.
  12. Aug 14, 2019

    Sky1981 Fending off the urge

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    Er... it meants they're spending albeit in installment.
  13. Aug 14, 2019

    marukomu The Gatekeeper

    The cause is getting bigger. I teach a large number of students that are very interested in English life. I was explaining about the football season starting and they asked if I was looking forward to it. I then told them how United have fallen and the reasons why. I have converted quite a few to United fans and I will record games and play them to groups of 20 or more people. After telling them about the Glazers, a lot are going to boycott Nissin noodles and anything made by Yanmar. I also had these stickers made to show support.

    [​IMG]

    It's a small thing, I know, but lets hope it grows.
  14. Aug 14, 2019

    The Mad Manc Full Member

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    Nice one mate. Spread the word
  15. Aug 14, 2019

    Patrick08 Full Member

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    Boycott a large televised game I would say.
  16. Aug 14, 2019

    Sweet Square Full Member

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    I've avoided this thread like its the plague, so sorry for such a basic question but for the green and gold people who do you want replace the Glazers ?
  17. Aug 14, 2019

    AshRK Full Member

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    For a club that is supposedly making so much money it is unacceptable. This also confirms Glazers are saving money and not allowing the club to spend more. DO you think it is acceptable?
  18. Aug 14, 2019

    Johan07 Full Member

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    I am sorry, but are you a complete idiot?
    All transfers fees are amortised. ALL. For all clubs. Its fecking IFRS and its mandatory.
    What that screenshot means is that the club has spent more money the last four-five years on transfers than anyone else. Gross. Thats why we have such high amortisation. If we had not spent anything the last couple of years we would be at 0.
    It means the exact opposite to what you are trying to say.
    Jeez, this place sometimes.....
  19. Aug 14, 2019

    Johan07 Full Member

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    It doesnt mean that either actually. Some transfer fees are paid upfront, some the club manages to be negotiate to be paid in instalments. Thats not amortisation though. And amortisation is not affected by it.
    What that number constitutes is the financial cost we have for amortisation of players transfer fees over the time of their contracts. It has very little to do with cash-flow, has absolutely nothing to do with debt; but it affects profit. Its something all clubs have to do in their books.
    What that number does mean is that the club has spent an enormous amount on transfers gross since Sir Alex left.
    Last edited: Aug 14, 2019
  20. Aug 14, 2019

    Tom Cato Full Member

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    Because it's debt. But most importantly it's debt because the club already carries a significant debt from the takeover, with owners who have not injected money into the club. The purchase is entirely funded by the clubs own finances. Manchester United is a money making machine, but this trend is concerning. And I'm saying that as a Ed Woodward money management fan.

    From a fans point of view it also "sucks" a bit, because its another indicator that the owners will not help the club, the club will have to help itself.
  21. Aug 14, 2019

    Johan07 Full Member

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    Its not debt. Wtf is it with you people?
    If your company buys a car and it costs 100k; you pay 100k to the dealer. You owe him nothing. Zip. Nada. No debt.
    In the company´s books though you AMORTISE the value of the car over say 5 years, so it affects the company´s profit evenly over the five years you have appreciated the car will work.
    Its really not debt.
  22. Aug 14, 2019

    Tom Cato Full Member

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    Laypeople do not see it this way, which is why I phrased it the way I did. Most people won't even know what amortise means.

    We are also only one big recession away from this becoming a real issue.
  23. Aug 14, 2019

    AshRK Full Member

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    Irony of you calling others idiot when all you have done here is defend Glazers. Whether you admit it or not it hardly changes the true fact that they are pocketing loads of money at the expense of the club.
  24. Aug 14, 2019

    Johan07 Full Member

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    I should not have called you an idiot, but your claim was definitely just that: Idiotic.
    You just used the best evidence there is for the Glazers investing in the club to prove your argument that "This also confirms Glazers are saving money and not allowing the club to spend more".
    That number is from the Q3-report 2019 btw and constitutes "the unamortized balance of registrations as of 31 March 2019". It has nothing to do with debt and shows exactly the opposite of what you were trying to argue.
  25. Aug 14, 2019

    Valar Morghulis Full Member

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    I'll give you 2 hints.
    1. Their flag is green too.
    2. They rhyme with Daudi Narabia

    :wenger:
  26. Aug 14, 2019

    jeff gurr New Member

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    Lets be honest here, the Glazers have discovered the pot at the end of the rainbow. I can't see them walking away from the easy money that the club provides. They don't give a sh1t about the club, its just about money.
  27. Aug 14, 2019

    VJ1762 Full Member

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    :lol::lol:
    I would love it, but the backlash will be immense and rightly so.
  28. Aug 14, 2019

    Revan Assumptionman

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    They are not. They are pocketing around 16m for year.
  29. Aug 14, 2019

    Red00012 Full Member

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    So does everyone want the Saudi’s in ?
  30. Aug 14, 2019

    Red00012 Full Member

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    Unfortunately, while I admire what you’re doing , it’s going to mean diddly squat. I agree with Neville. The Glaziers are going nowhere unless it’s commerically viable for them to go.
  31. Aug 14, 2019

    Flying high Full Member

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    Where is this figure from? What does it include?

    Does it include all the repayments and associated costs from their debt?
  32. Aug 14, 2019

    Revan Assumptionman

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    The money that goes in their pockets is the money they get from dividends, which is 20m for year (but they get only 80% of it). Btw, that money is before taxes, so they actually get less than that.
  33. Aug 14, 2019

    Flying high Full Member

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    But they are actually costing us so much more than that.
  34. Aug 15, 2019

    Redjazz Full Member

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    Indeed. It's exactly what it means.

    The figure of 258m is the amount of money we owed other clubs (as at YE 2018) in "transfer fees and other associated costs in relation to the acquisition of registrations".
    It is transfer debt as SwissRamble puts it; and it will flow through the cash flow statements of 2019 and beyond.

    Its from note 23 in the 2018 YE accounts. The unamortized balance of registrations as of 31 March 2019 WAS 288M. You seem to have conflated both and confused yourself.
    .
  35. Aug 15, 2019

    UnofficialDevil Anti Scottish

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    me
  36. Aug 15, 2019

    Tom Van Persie No relation

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    Think you need to read up on Saudi Arabia.
  37. Aug 15, 2019

    Tarrou Full Member

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    but they don't actually make that much money from the club on a year-by-year basis, do they?

    the vast majority of their profit has come from the increased value of the club, so if that looks like it could be at risk - I reckon they'd sell
  38. Aug 15, 2019

    Revan Assumptionman

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    Not really true. Interest payments are around 25m for year, but then if it was not for that, the taxes would have been quite a bit higher.
  39. Aug 15, 2019

    Johan07 Full Member

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    Nah, you are confusing things. 258m was indeed the major part of Trade and other payables by 30 June 2018. Thats an old number though, the latest Q3 report shows Trade payables down to 185m something, and the amount payable for transfer instalments at 122m.
    That was actually why I was sure that the 258m referred to in that tweet referred to non-amortized transfer fees, because that is most likely exactly where we will be now since we amortize around 25-30m on transfer fees quarterly; and down from 288m.
    I underestimated the MUST-propaganda that is spread around the net though, where you find the highest old number possible and then use that to misrepresent the clubs financial status. I will be more careful in the future.
    In addition total payables is not considered debt as such; our debt is stated under Borrowings in both AR and Q-reports.
  40. Aug 15, 2019

    Sweet Square Full Member

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    :lol:

    Please tell me that isn't true at all.