GlastonSpur
Also disliked on an Aston Villa forum
- Joined
- Feb 4, 2007
- Messages
- 17,716
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- Spurs
You say that the Glazers "know their way around a profitable business", but you made a whacking great loss in the most recent set of accounts. Now I've read several posts on here which seek to essentially dismiss the loss (talk of cash in the bank, one off exceptionals etc), but a loss is a loss is a loss at the end of the day.I don't know how much United intend to spend on whover they may or may not be interested in but you do ignore something fairly obvious.
Clearly the club is saddled with a lot of debt, no doubt about it. The thing is though that the club generates such a high amount in revenue every year that (while its difficult to swallow how much goes in interest payments) it can afford it.
The Glazers may be a lot of things but they know their way around a profitable business. The fact that they have been able to saddle the club with such high debt is testament to that. We're not talking about a Liverpool situation where the owners don't get on and there is mismanagement on a seemingly epic scale.
It seems to me that the debt model relies heaviliy on the club being succesful and being able to turn a profit. Stop winning games then the revenue drops - so there's an argument that they can't afford not to spend if an where neccessary.
I take the point on wages but its not a City situation where every player in the squad is on top dollar. In the next 18 or so months Van Der Sar, Neville, Giggs, Scholes and Hargreaves will probably retire freeing up significant sums.
Of the remainder only Rio (who may not have long left) Rooney and Vidic are probably on over £100k a week so I cant see a problem. Current players can "demand" what they like - very few will get it and its not as if the likes of City will be breaking down teh door to sign half of United's squad.
You also say that not all of the demand for higher wages, as sparked by Rooney's massive hike, will be met. Whilst this is likely to be true, it's still inevitable, given the wage disparity that now exists between Rooney and the rest, that some of the demands will be met at least partially. It doesn't take much, given the squad size, for even a modest average increase in wages to result in a big hike in total wage bill - all on top of Rooney's extra 26m (over 5 years).
You also say that several players will retire, thus freeing up some wages. But isn't most of this likely to be swallowed by incoming replacements? After all, it's not as if you can replace VdS, Scholes, Giggs etc all with young' n learnin' cheapies - especially not if Rooney's expectations for an improving squad are to be met.
I acknowledge that Man. Utd have have continued to successfully increase club turnover, but that doesn't mean that such increases will continue indefinitely, year afer year.
I am not of course suggesting that your club is in any near danger of going bust - your turnover and the new schedule for debt repayments arising from the bond issue will easily prevent that. But I am most definitely suggesting that talk of a 100m net spend on transfers over the course of (let's say) the next 2 windows - all on top of what will be a large increase in your wage bill - is complete pie in the sky.