Alejandro Garnacho (out) | Chelsea make enquiries

JPRouve said:
I'm not looking quarterly, I was partially using the most recent report. And yes, we have large borrowings within 5 years but it was already the case in the past 5 years, the difference isn't that substantial because we also happen to have more cash. Now it's not a good situation, in the sense that we need to be fiscally prudent but that's not a new thing and we aren't in a worse situationthan we were in the past 5 years, as long as results on the field improve and prize money increases within that 5 years period we will be fine. We need to keep in mind that in Football the easiest way to make big money quickly is by being competitive in big competitions.
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We have around 50% more debt than 5 years ago.

Winning isn't close to the biggest factor in making money.
 
Selling him is okay, but not to fecking Chelsea, and absolutely not for fecking Christopher Nkunku. I don't give a toss about PSR if that's the case. My general dislike for INEOS will turn into proper hatred if this happens. If this is journos rage-baiting then it's working on me and I hope it's just that.
 
Telsim said:
Selling him is okay, but not to fecking Chelsea, and absolutely not for fecking Christopher Nkunku. I don't give a toss about PSR if that's the case. My general dislike for INEOS will turn into proper hatred if this happens. If this is journos rage-baiting me then it's working and I hope it's just that.
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Mine reached that when they kept Ten Hag
 
This should have been a picture of the future of United, not the past:

1351416.webp
 
Hammondo said:
Do you not realise that's what we have been doing and now our debt is absolutely massive.
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That doesn’t mean we need to stop investing and stop spending money to improve. For us to pay off the debt, we need to be successful, which is investing/spending money to improve. If we don’t have money now then INEOS needs to invest or we get a loan from bank or something.
 
If we're selling one of our best young assets just to be able to buy in this window, then that makes this even worse. This season is already a write off, why not wait until summer.

If we have to sell him to have any chance of meeting psr then it's shit, but more understandable.

Either way, the Glazers have properly fukked this club.
 
Flying high said:
If we're selling one of our best young assets just to be able to buy in this window, then that makes this even worse. This season is already a write off, why not wait until summer.

If we have to sell him to have any chance of meeting psr then it's shit, but more understandable.

Either way, the Glazers have properly fukked this club.
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If that's the case, Ineos fecked up as well
 
Flying high said:
If we're selling one of our best young assets just to be able to buy in this window, then that makes this even worse. This season is already a write off, why not wait until summer.

If we have to sell him to have any chance of meeting psr then it's shit, but more understandable.

Either way, the Glazers have properly fukked this club.
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Been doing that for nearly 20 years unfortunately. I would rather sell to Napoli if he has to go and should have asked about Osimhen availability in negotiations too. Only players I would take as a replacement would be Cunha/Mbuemo.
 
hellhunter said:
If that's the case, Ineos fecked up as well
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I think thats putting it lightly.

If our transfer market last summer meant we were going to have to sell someone like Garnacho mid season it'll go down as our worst transfer window. Even if all the players signed had hit the ground running and been worth the money it would still be a very poor window
 
Ekeke said:
I think thats putting it lightly.

If our transfer market last summer meant we were going to have to sell someone like Garnacho mid season it'll go down as our worst transfer window. Even if all the players signed had hit the ground running and been worth the money it would still be a very poor window
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Yep exactly. Can't really judge the transfer window in isolation if it meant having to sell out future
 
JE-365 said:
That doesn’t mean we need to stop investing and stop spending money to improve. For us to pay off the debt, we need to be successful, which is investing/spending money to improve. If we don’t have money now then INEOS needs to invest or we get a loan from bank or something.
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Not really, we need to reduce costs which is clearly our big focus. We can pay off our debt without winning anything. We have just massively overpaid for players in terms of purchase price and wages.

Investing a lot to win could put us financially in a worse position.
 
Ekeke said:
I think thats putting it lightly.

If our transfer market last summer meant we were going to have to sell someone like Garnacho mid season it'll go down as our worst transfer window. Even if all the players signed had hit the ground running and been worth the money it would still be a very poor window
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How so?
 
Hammondo said:
Not really, we need to reduce costs which is clearly our big focus. We can pay off our debt without winning anything. We have just massively overpaid for players in terms of purchase price and wages.

Investing a lot to win could put us financially in a worse position.
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The objective of man united is to win major trophies. Whatever the method or how risk the method is, the club will need to achieve the objective. If it means we need to sell our academy graduate player for £60m for profit to open us more cash to sign two players as part of the process to direct us to achieve the goal even if it means by borrowing some money, the risk is not high.
 
JE-365 said:
The objective of man united is to win major trophies. Whatever the method or how risk the method is, the club will need to achieve the objective. If it means we need to sell our academy graduate player for £60m for profit to open us more cash to sign two players as part of the process to direct us to achieve the goal even if it means by borrowing some money, the risk is not high.
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The risk is getting higher, and the purpose of man united is to make money

To either win trophies or make money we need stability, not lots more debt. Currently it seems this is our direction, and we will need to get rid of more players with I imagine less big buys than in recent years.
 
JPRouve said:
Is that true? We had more cash at the end of the last reported quarter than we did 12 months prior. I don't know what the second quarter looks like but it is unlikely that we actually lack cash.
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Yeah we're skint once we pay £140m of the £319m we owe in transfer fees.
 
I just don't want sellers regret. If 60m allows us to spend 100m now and free us from a lot of the PSR pressure then great...

... but we're a mid table team thats unlikely to be in europe next season. Are we really going to be attractive to the top drawer talent we really want.

Garnachos performances are improving slowly under Amorim. Really want to believe that potential 100m is going to get players we need without massively overpaying.
 
Hammondo said:
The risk is getting higher, and the purpose of man united is to make money

To either win trophies or make money we need stability, not lots more debt. Currently it seems this is our direction, and we will need to get rid of more players with I imagine less big buys than in recent years.
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If we sign £85m and £50m for two players in January (total £135m worth of signings), we only need to have £27m to pay in 2025 for those two transfer fees. If we sell Garnacho for £60m (which is pure profit since he’s from our academy graduate), we’re getting £12m as the first instalment of the payment. Therefore, we only need to borrow £15m or INEOS only need to invest £15m to spend that £27m. The risk is not high.

Club can re-pay £15m by end of this season from sponsorship deal. Winning EL alone this season would get the club £9m to pay off at least half of the £15m loan.
 
There’s no guarantee we will be able to offload Casemiro or Rashford in the summer so does the clubs financial situation really change in that window? Evans, Heaton, Eriksen and Lindelof come off the books but that’s it. I just hope if they sell Garnacho before the window closes they are able to get two wingbacks in.
 
JE-365 said:
If we sign £85m and £50m for two players in January (total £135m worth of signings), we only need to have £27m to pay in 2025 for those two transfer fees. If we sell Garnacho for £60m (which is pure profit since he’s from our academy graduate), we’re getting £12m as the first instalment of the payment. Therefore, we only need to borrow £15m or INEOS only need to invest £15m to spend that £27m. The risk is not high.

Club can re-pay £15m by end of this season from sponsorship deal. Winning EL alone this season would get the club £9m to pay off at least half of the £15m loan.
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There is no connection between how transfer costs appear in the accounts and when transfer payments actually have to be paid to other clubs.
 
Spoony said:
Yeah we're skint once we pay £140m of the £319m we owe in transfer fees.
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But that's the thing, that's not new. it's part of how spendings are managed, part of it is current and an other part is non-current. Our current liabilities(between sept 2024 and sept 2025) are high but our non current liabilities are also lower than they have generally been in the past 5 years(roughly 35m less). In reality between the cash that we already withdrew from the revolving facilities and by adding to the non-current liabilities we could spend. The issue is FSR/FFP.
 
NotThatSoph said:
There is no connection between how transfer costs appear in the accounts and when transfer payments actually have to be paid to other clubs.
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There is a connection but it's not where people tend to look. You can see the aggregates in the consolidated balance sheet, you can't separate transfers and know what is what but you have an idea of the timeframe for payments.
 
JE-365 said:
The objective of man united is to win major trophies. Whatever the method or how risk the method is, the club will need to achieve the objective. If it means we need to sell our academy graduate player for £60m for profit to open us more cash to sign two players as part of the process to direct us to achieve the goal even if it means by borrowing some money, the risk is not high.
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I can finally understand Barcelona's decision making while under financial distress. It is this kind of logic.
 
Hester_manc said:
This should have been a picture of the future of United, not the past:

1351416.webp
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Sad if all goes wrong. But we thought the same about Rashford, Martial & Greenwood. Stuff doesn't turn out like you hoped sometimes. Besides, our best young player isnt even in that picture, life is like that.
 
quadrant said:
Sad if all goes wrong. But we thought the same about Rashford, Martial & Greenwood. Stuff doesn't turn out like you hoped sometimes. Besides, our best young player isnt even in that picture, life is like that.
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Stuff really really doesn't turn out for us though. You think if they were at Liverpool they'd probably be tearing it up. We're just such an unfortunate club this past decade.
 
RuudTom83 said:
I was thinking about this photo the other day.

It had the potential to be iconic, but it seems like it was not meant to be (including all 3 in that remark as well)
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I still believe that Garnacho and Mainoo can become among the best in the world in their positions, and that Højlund can become an okay squad player.
 
Squeaky_Bum_Time said:
I can finally understand Barcelona's decision making while under financial distress. It is this kind of logic.
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Except they are actually bankrupt. Seriously, if they didn't start selling every piece of the club they could sell, future earnings, etc, they would not exist anymore by now
 
Hester_manc said:
This should have been a picture of the future of United, not the past:
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I found that photo pretty cringe, we just finished 8th and these dudes were posing like they were future legends becaus of an fa cp win where only garnacho did something if I remember correctly and the fans were saying these guys are the future of man utd. :lol:

We're in big big trouble if that were the case
 
Even more worrying is we don’t know where this ends. Mainoo could follow in the summer.

The club is fecked there’s no comeback from this, on the verge of ffp with a debt like ours.
 
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