Manchester United record net loss of £115.5million in latest financial year

UnofficialDevil

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Manchester United recorded a £115.5 million net loss for the financial year ending June 2022, while also seeing their net debt rise £95.4m to a total of £514.9m.

The accounts also reveal that the Glazer family received £33.6million in dividends throughout the financial year.

https://theathletic.com/3618611/2022/09/22/manchester-united-financial-results/
 

Skills

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Will be even more next year with our summer outlay this summer.

People expecting us to spend big this winter or next summer are bonkers.
 

Tarrou

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taking that amount of divs in a year like that is a fecking disgrace - it’s time to go
 

UnofficialDevil

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Red Royal

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Ibrahimorich

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John Murtough, insists the club will not repeat this summer’s level of spending after the wage bill hit record levels.

https://www.theguardian.com/footbal...ge-bill-premier-league-record-summer-spending
This is the classic cycle we've seen with most managers post Fergie. They get backed well in their first window, proceed to do well, finish 2nd, a cup or some finals, then they get feck all for the rest of their tenure until they get sacked because we've stood still.
 

BlueHaze

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Around £60m taken out of the club to pay Ole Rangnick and their staff as well as Glazer cretins taking out their dividends. Then we expect people to act surprised when we make such big losses..
 

spiriticon

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We could have more money if you useless lot up in the boardroom could sell some players instead of sending them out on loan
 

Valencia Shin Crosses

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This is the classic cycle we've seen with most managers post Fergie. They get backed well in their first window, proceed to do well, finish 2nd, a cup or some finals, then they get feck all for the rest of their tenure until they get sacked because we've stood still.
If this is what happens again I’m probably done until we get new ownership.
 

TheNewEra

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Need another big window next year to complete the squad IMO with plenty of outings, if the Glazers don't its top 4 for a while.
 

Sakura

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John Murtough, insists the club will not repeat this summer’s level of spending after the wage bill hit record levels.

https://www.theguardian.com/footbal...ge-bill-premier-league-record-summer-spending
Need another big window next year to complete the squad IMO with plenty of outings, if the Glazers don't its top 4 for a while.
To be fair I don't think we need to replace as many players next season. 2-3 signings to refresh the squad should be good enough depending on how well our players improve.
Can see them cheap out and use Dean Henderson to save on buying a keeper.
If Dalot continues to improve we wouldn't need to buy an RB, maybe just a new backup RB if AWB cannot improve to be a decent backup.
So it will just be the ball progressing midfielder that ETH wants, and a new striker. The problem here is strikers are very costly.


Glazers dipping in to our club is no surprise... all the talk of the stadium investment is BS.
Think they gotta sell the club for this to happen. At least sell part of the club.
 

UnofficialDevil

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This is the classic cycle we've seen with most managers post Fergie. They get backed well in their first window, proceed to do well, finish 2nd, a cup or some finals, then they get feck all for the rest of their tenure until they get sacked because we've stood still.
Let’s hope that cycle has ended, one way or another.
 

Nevilles.Wear.Prada

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This is the classic cycle we've seen with most managers post Fergie. They get backed well in their first window, proceed to do well, finish 2nd, a cup or some finals, then they get feck all for the rest of their tenure until they get sacked because we've stood still.
Brillaint strategy actually, sign a new manager, back him uo. Over paying or not. Do well a season. Second season, knowingly chase unattainable targets like thiago, cesc, fdj or whoever clearly said will not come.. Pretend saving all the money for mega bucks. Then, does turd purchases. Transfer window clowew. Drag on few more season, collect dividend instead. Sign a few youth players(for the future, apparently) Renew existing star contracts (to protect value), blame manager. Fire him. Rinse and repeat.
 

ROFLUTION

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This is the classic cycle we've seen with most managers post Fergie. They get backed well in their first window, proceed to do well, finish 2nd, a cup or some finals, then they get feck all for the rest of their tenure until they get sacked because we've stood still.
Sounds about right. Time to get rid of the fecking vermin.
 

villain

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Cost of finishing 6th & missing out on CL money, paying off sacked managers as well as spending 120 odd million last summer and a bloated wage bill.

It makes sense.
 

MDFC Manager

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This is the classic cycle we've seen with most managers post Fergie. They get backed well in their first window, proceed to do well, finish 2nd, a cup or some finals, then they get feck all for the rest of their tenure until they get sacked because we've stood still.
Which managers didn't get backed in their second seasons?
 

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Does beg the question how this is all going to end?
Paying for the profligacy of vastly inflated signings, plus Ole, Rangnick, the list goes on.
No surprise seeing the Glazers collecting £33m p/a in dividends.
 

DWelbz19

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This is the classic cycle we've seen with most managers post Fergie. They get backed well in their first window, proceed to do well, finish 2nd, a cup or some finals, then they get feck all for the rest of their tenure until they get sacked because we've stood still.
Yep. If you go back and look at the numbers, this is pretty much spot on. Hmm. Jose got a double backing actually
 

InfiniteBoredom

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Yep. If you go back and look at the numbers, this is pretty much spot on. Hmm. Jose got a double backing actually
So did LvG, Memphis, Martial, Schmidfield in 2016 was hardly penny pinching.

It’s more like they arbitrarily decide at some point, 2nd or 3rd season, that the squad is good enough for top 4, and slash spending accordingly.
 

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I know I'm stating the obvious, but we need to go far/win Europa, and get CL football next season.
 

DWelbz19

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So did LvG, Memphis, Martial, Schmidfield in 2016 was hardly penny pinching.

It’s more like they arbitrarily decide at some point, 2nd or 3rd season, that the squad is good enough for top 4, and slash spending accordingly.
Yeah I think you’re probably correct there. Rather than it being a continued consistent stream of support, it’s one or two massive amounts and then paltry after.
 

ATXRedDevil

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At one moment it has been around 420-430 mil. But don't quote me on this
Believe that’s right. Then when Covid hit we had to take out another £100m facility to make up for the lost match day revenue (which is about £115n a year). So yeah, before Covid, the debt had gone down a bit, but believe it’s about the same now as it was in 05. Only difference is that our interest rates are MUCH more manageable now.
 

Pogba's Barber

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Ouch!

At least if we start looking a bit cash strapped then clubs may stop asking for silly money when we try to buy their players.. maybe.

No more of this "c'mon, we know you have the money... now cough up" every time we make a simple bid that would be accepted if made by 99% of other clubs.
 

GMoore23

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Has our debt gone down even a bit since 2005?
I think it may have gone down under Fergie in his later years because we spent feck all and sold Ronaldo along with still having lots of success. Without Fergie covering up the cracks it's been a steady decline thereafter.
 

The Firestarter

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Purely from a BA perspective, I wonder if we are an example case for a mismanaged business and waste of assets, being talked about in classrooms etc...
 

Polar

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Doesn’t look good:nervous:

Manchester United sporting director John Murtough also says that the club does not expect to invest as heavily in future transfer windows as they did this summer.

If this becomes true United wouldn’t be able to compete for the most important trophies the next couple of years:confused:
 
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