Because the extension was the club exercising its +1. The contract terms, therefore, were unchanged.
Club ownership | Senior management team talk
- Thread starter golden_blunder
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Agreed, many can do that. However; this one is not successful, neither is it profitable, making 100m loss a year.
It almost never is a good idea and bad publicity far outweighs any small financial benefit you may achieve.
One of the most costly things in business is replacing talent.
So the severance didn't change. thank you.
Is Ratcliffe the new Mike Ashley?
Usually it's a function of the amount of time remaining on the contract, so yes, it would likely be higher with two years remaining as opposed to one.
And then you have the severance for all the new assistants, which you're conveniently ignoring.
So the skint Ratcliffe had no money to buy the whole club out. His Ineos have also lost around 4-5billion in the last year and are due to pay off another huge amount of debt this year. Instead he kept the rats, made stupid football decisions and is now saving money off ordinary employees.
i hope we apply this same rigourous cost saving approach to when we go cap in hand to the govt for public money for the new stadium.
In about 6 years these cuts may cover the money he wasted on Ten Hag and Ashworth
then perhaps learning from businesses that are successful might be something to try? ie improving staff welfare / morale, getting better at PR, not acting like curmudgeons ?
Okay, saying you are right. The report last week was United paid £10.4m to pay off Ten Hag staff including Ashworth.
Ten Hag had a £9m a year salary... so if he had 2 years, it would have cost £18m to sack him alone, add in his coaching staff and Ashworth...
But we paid £10.4m...
Absolutely - providing food isn't compulsory when staff can just wander off to a local shop and get a sandwich.
However I have seen plenty of worksites where it is provided - because you need your staff to not waste a massive part of their day getting food offsite. I've visited sites where the security / sign in / clean-up protocols are so extensive that it isn't workable for staff to get lunch off-site and get back to work on any realistic timescale.
Also how isolated is the site? - Carrington is in the middle of nowhere and you would have to manage cars leaving the site and rejoining it - with additional security implications of managing this with fans / media camped outside.
So once you HAVE to provide a lunch for people you also have to offer a degree of choice - it can't be a one item menu if you are providing it for more than a handful of people - so allowing other staff to choose from the remaining options helps reduce the overall food wastage of running a canteen.
If you want players to be fed good balanced meals, in a secure training environment, away from the glare of the press, then you accept the running costs of running a proper food service.
All of this is total smoke and mirrors to try and detract from the billions wasted by the Glazers and the millions already wasted by INEOS in their short tenure.
Let's see detailed breakdowns of...
Car allowances / expenses claimed by senior executives.
Hospitality expenses claimed by senior executives
Compensation paid to executives when hiring / firing them
Severance packages paid to staff under NDA's
Costs of other redundancy packages
Increasing Agency costs
Penalty costs of ending commercial deals ahead of schedule
I suspect that will amount to way more than a food items in a canteen.
Oh, sry.
What does what they're eating have to do with getting it for free?
That’s exactly why I can understand what Ineos are trying to do. It’s not a good look, but the business need to be profitable. The sporting side of business need the business side to be lean and stable. Both sides need each other.
The right party to point a finger at are the Glazers.
Well when you come to a failing business club, Say Manutd for example and they are paid £300k a week footballers etc and finishing 8th and 15th.
So as new owners would you give them a pay rise to 400k a week because their morale will be higher, PR would be good?
I hope you're not in business if thats how you would operate.
You're putting words in my mouth. I never said the entire contract gets paid off. I said severance is typically a function of the time remaining.
All else equal, a manager with 6 years remaining on his contract will generally receive a bigger payoff than one with 2 months remaining. I'm not sure why this is even in question.
Nah. Photoshop Elon Musks head on
Exactly, all I hear is ohh.. lets punish the overpaid players, they are mercenaries, which is true, I agree they need to be reigned in.. INEOS have done that, trying to get rid of all these high earners.
However; there is alot of backroom staff that run United, scouts, stats people, catering, the list goes on.. why are they immune to criticism?
No, you dont know that unless you understand their contract or have seen a copy of the contract.
There is so much that goes on in contracts, you cannot just assume that.
In sporting contracts there is also objectives, did you know that, which a player /manager need to hit.
Let me give you a few examples.
Players managers if they win the league they get a bonus, if they dont finish CL they get wage cut.
Goalkeepers get bonus for clean sheet
Striker gets bonus for goals.
It all depends what is in the contract, its not black and white.
So there could easily have been a clause that you get a 1 year extension but if we are struggling you get sacked for same rate, or not.
When I read stuff like this it always reminds me how disconnected football - and seemingly now fans - are from what a “club” is supposed to be.
Manchester United fans cheering staff at the club losing the canteen/lunch. Crazy stuff
Standing ovation
Yeah hard to argue with that
ironically enough thats what exactly what INEOS have done, splurged hundreds of millions on poorly performing players and management. and yet your defending them??
Ok, even if we were to concede all that, you're still ignoring the Ashworth decision and the assistants who were hired and fired this season.
Which goes back to my main point, the penny pinching doesn't move the needle much when they're making costly, poorly thought out footballing decisions.
It's must be super depressing to work at Man UTD as a regular employee. You never know if you're gonna get the cut or if benefits are going to be taken away from you.
It just adds to the misery on the pitch. From on the pitch to off the pitch it's a miserable place to be.
A big part of winning is belief and a good culture and workplace. How can any player have any belief this is going to get better. INEOS have done a bad job of fixing the culture and atmosphere in the club. Its worse than when Glazers were running things.
It just adds to the misery on the pitch. From on the pitch to off the pitch it's a miserable place to be.
A big part of winning is belief and a good culture and workplace. How can any player have any belief this is going to get better. INEOS have done a bad job of fixing the culture and atmosphere in the club. Its worse than when Glazers were running things.
Damn I can't believe the austerity Tory turned out to be an austerity Tory.
Starting to think we might be a bit skint...
We're fecked aren't we
No. What I am doing is appreciating the fact that someone is actually trying to save the club from financial ruin. What is crazy stuff is the criticism that Jim is getting for clearing up someone else's mess.
Can't even imagine how depressing of an atmosphere it must be at their workplace. Not only is there the constant gloom of potentially losing your job, you can't even have a nice bloody lunch to take your mind off it.
I am not defending them, they have been in charge for a year, they are tasked to make us better from the mess Glazers have left us in.
Right, so should we stop buying players then? Keep the staff and stop buying players in the transfer window, that way no cost cutting will be required and you wont need to moan about spending millions on players and management.
YOu are right, they should have kept Ten Hag, it would be cheaper right?
Yeah, Manchester United returning to success might not be worth the cost of killing the soul of the club.
Not that I think we'll ever be successful again anyway. We had one group of idiots running the club, we've just decided to add more.
Surprise, surprise, good ole' Jim who doesn't like workers having rights is stripping all benefits to employees. Who'd have thought?
Not that I think we'll ever be successful again anyway. We had one group of idiots running the club, we've just decided to add more.
Surprise, surprise, good ole' Jim who doesn't like workers having rights is stripping all benefits to employees. Who'd have thought?
I was interested to know if maybe we just have too many staff, think I read we had somewhere near 1200 staff, it seemed a lot of staff (over 500 in admin roles) assuming a lot of matchday staff, I work for a County Council and we have less thank 2k staff, seems madness to me that a club needs over 500 administrators
but then I looked into how many staff at other teams like City, Chelsea, Arsenal etc... and they have 2-3 times that number of staff 2-3.5k staff, it seems absolute madness
Feel very sorry for anyone, anywhere who loses their job but from a pragmatic point of view they are either in a job that is required or one that is not
but then I looked into how many staff at other teams like City, Chelsea, Arsenal etc... and they have 2-3 times that number of staff 2-3.5k staff, it seems absolute madness
Feel very sorry for anyone, anywhere who loses their job but from a pragmatic point of view they are either in a job that is required or one that is not
Is Ratcliffe related to the fecking Glazers? I said he was the shite option as soon as I heard he was pro Brexit