You said £1.5b was spent on interest payments, you can't now change this to consultancy fees etc. I stated £1.5b was not spent on servicing debt alone.
Manchester United aren't immune to the pandemic. £90m cash reserves will no doubt be there to spend on players. But can't and shouldn't allow £80m upfront to be spent on Sancho.
You allude to player sales which still haven't happened, so you can't add them.
United have a revolving credit of £140m to call upon but that will needed to be used for paying wages and bills etc.
People look at the revenues coming in but not the expenses. After all said and done in 2018/2019 revenue of $627.12m, only net income was of $18.88m. (Dollars used as having a quick figure look up on my United stock).
I can change it to whatever I want. The Glazers have taken out 1.5bn from the club. I’m still waiting AGAIN for you to point me in the direction of these finance experts who says this was a good thing for the club and how going from ZERO debt to spending 25% of your revenue servicing someone else’s debt is good. I guess you now have shares in the club though so that’s a plus. Well done.
I never said the pandemic hasn’t impacted us. I have said the club isn’t in any danger of going to the wall and there is money there to spend if we so wish. This is in response to a growing narrative on here which appears to be justifying us spending nothing this summer and hanging Ole out to dry. The issue we will have is cashflow which is why the payment structures are important and also getting money up front for our outgoings. Which do count. Again, not sure why the money we can raise from sales doesn’t count. Other clubs seem to manage to sell players so maybe it’s time we started doing that.
Yes. The revolving credit amortises the COVID losses assuming crowds don’t return before next season. Again, not sure why that doesn’t count either? Paying 25% of revenue on debt for the honour of being owned by Malcolm is perfectly fine but using a fraction of that debt short term to sign players and compete again isn’t allowed is it?
Those expenses included buying players right? And the revolving credit covers the all the potential losses. Again, what’s your point? If we want to spend we can spend.
I don’t know why I’m arguing to be honest. I’m completely convinced we are going to back Ole this summer. It’s just getting tedious seeing the pro glazer nonsense on here. Yes, the money we’ve spent in recent years could have been enough to compete had we spent it wisely but that doesn’t negate from the fact they’re an absolute drain on this club and milked it dry until Fergie left. After losing the CL final to Barcelona we replaced Ronaldo with Owen and Valencia for Christ sake. He should have been given the funds to build one last side and he wasn’t which has massively contributed to where we are now.