I'd actually love it if we came out and said we are giving x million into a fund to help the teams in league y over this period. About to spend 30m maybe on Bellingham and 100m on Sancho as half of players in the lower leagues lose their incomes. But as long as we are in next years title hunt. Form is temporary but class is permanent and clubs like ourselves should be leading the fight to save many from all kinds of financial strife!
It would be a better and much easier solution if the Premier League increased the revenue that they filter down into the lower leagues
How are we going to do with coronavirus and the impending recession? Our massive wage bill will seriously hinder us surely?
apparently debt rose by £124m last quarter due to a change in currency (I assume our debts in $)How are we going to do with coronavirus and the impending recession? Our massive wage bill will seriously hinder us surely?
Chief financial officer Cliff Baty said they are set to hand back £20m in TV revenue to broadcasters even if the Premier League season is completed.
United lost an additional £8m over the final three weeks of March, when they had three matches postponed.
"Our third-quarter results reflect a partial impact that the pandemic has had on the club but the greater impact will be in the current quarter and likely beyond," said Woodward.
Revenues for the quarter fell by 18.7% to £123.7m. The club's debt rose by £124.4m to £429.1m following a fluctuation of the exchange rate.
How are we going to do with coronavirus and the impending recession? Our massive wage bill will seriously hinder us surely?
I'm interested in this answer. How do these broadcasting contracts work?The idea of clubs having to give money back to broadcasters, while they still get to show the games they paid for, to record viewers no less - is fecking ridiculous to me.
How can BT Sport be breaking viewing records and asking for a rebate at the same time?
apparently debt rose by £124m last quarter due to a change in currency (I assume our debts in $)
so we lost about 25m due to coronavirus and five times that due the pound tanking
suspect the increased deby and payments might impact us more than CV-19 this summer
https://www.bbc.co.uk/sport/football/52759246
That means no Sancho.
That means no Sancho.
The idea of clubs having to give money back to broadcasters, while they still get to show the games they paid for, to record viewers no less - is fecking ridiculous to me.
How can BT Sport be breaking viewing records and asking for a rebate at the same time?
Do we need to though?? The records also say Utd have 90m cash in the bank and accessible 150m in credit facility which is likely to be used for transfers and that isn`t little money in this market. Plus I doubt Sancho`s fee will be paid in entirety up front. Add ons will be involved plus the assured fee is likely to be paid over a duration of time, doesn`t sound like a transfer that needs financing from a big sale.Probably not without selling Pogba, no.
Do we need to though?? The records also say Utd have 90m cash in the bank and accessible 150m in credit facility which is likely to be used for transfers and that isn`t little money in this market. Plus I doubt Sancho`s fee will be paid in entirety up front. Add ons will be involved plus the assured fee is likely to be paid over a duration of time, doesn`t sound like a transfer that needs financing from a big sale.
Do we need to though?? The records also say Utd have 90m cash in the bank and accessible 150m in credit facility which is likely to be used for transfers and that isn`t little money in this market. Plus I doubt Sancho`s fee will be paid in entirety up front. Add ons will be involved plus the assured fee is likely to be paid over a duration of time, doesn`t sound like a transfer that needs financing from a big sale.
We already owe a fortune in outstanding transfer fees - £150m due this year, not including the Fernandes deal or another £60m of potential add-ons.
Which is why they rejected any offers from the Saudi prince in October , they aren't interested in us being successful or a great team again they just want to milk as much money as they can from us.
If that were true then I imagine they would have made plenty from the sale.
Appreciate your common sense approach to our finances. Makes a welcome change from the usual misinformed Glazer-baiting.Net debt (borrowings minus cash), increased by £127.4m, (BBC's Simon Stone has the wrong figure here) from £301.7m in Q3 2019 to £429.1 in Q3 2020, but this was mostly due to a decrease in our cash reserves in the same period (from £194m to £90m).
Journalists will often report that our "debt has increased", when what they really mean is that our net debt has increased (ie we have spent a load of cash on players). This is presumably done because it makes for a better headline. The gross USD debt principal in fact remains unchanged.
They'll pay for it in the next PL TV deal, or a club like United should pull out from the collective deal and sell their own rights.
We are also owed money in transfer fees as well and the money we owe teams are usually paid over a duration of years anyway not immediately. Plus this is a debt we`ve always had for years and it has never stopped us from spending.We already owe a fortune in outstanding transfer fees - £150m due this year, not including the Fernandes deal or another £60m of potential add-ons.
correct, we can kiss this deal good byeThat means no Sancho.
Not sure if you're joking or not, but the finances actually say the opposite surely?correct, we can kiss this deal good bye
Been looking for this figure whenever people say to just spread every massive transfer across three years. That thing adds up to the point where every future budget is paying for old transfers. It has to be controlled tightly at some point. No real surprise we decided to pay Maguire's fee upfrontWe already owe a fortune in outstanding transfer fees - £150m due this year, not including the Fernandes deal or another £60m of potential add-ons.
If clubs sold their own rights, you create a league like Spain. No thanks. The PL is fantastic because it’s so competitive, and one of the reasons is fair distribution of tv revenue.
