If relegation would guarantee the Glazers feck off for good then I would happily take it now!
Club ownership | Senior management team talk
- Thread starter golden_blunder
- Start date
So they intend to win the Europa League then. Good to know. What they are really saying is "We are just getting started, apply for new jobs".
but the amount INEOS paid around*1.25B already went into Glazers pockets?
Why cant they clear the 1B debt with that money to stop loan payments as it improves the situation
As some have posted, redundancies in the air are an absolute mood killer. In a sport of marginal gains this is the last thing the club needs right now.
Because they’re the Glazers.
Presumably it suits them not to, they are business people not football fans and the debts are the clubs not theirs personally, they could have paid the loans off years ago if they had wanted to, it doesn't make any sense to me but I'm not a millionaire or billionaire business man
A good chance we would be facing a points deduction with the PSR loses/ overspending.
The contrast in opinions. One disgusted at the standards for planning for worst case only reaching the Europa League, while the other thinking we're delusional for being so optimistic
Abu Dhabi took over City more than a decade earlier and keep pumping billions in and still do.
Qataris promised to take over us clear out debts, provide billions of funds for new infrastructure and signings.
It's our luck that we got Jim to help Glazers do costs cutting to the max (including plying squad) to pay Glazers debts/dividends/whatnot.
Qataris promised to take over us clear out debts, provide billions of funds for new infrastructure and signings.
It's our luck that we got Jim to help Glazers do costs cutting to the max (including plying squad) to pay Glazers debts/dividends/whatnot.
Well, a third of that went to other shareholders.
At this stage, the Glazers own slightly less than 1/2 the club. Their B shareholding gives then majority control, but A and B shares carry similar economic rights. The Glazers would be getting, say, about 1/2 of any dividend declared.
The Glazers are not going to benefit the other shareholders by clearing the debt, in the same way that INEOS is not going to benefit other shareholders by clearing the debt.
Let me ask you. Which multinational billion dollar company, even on the brink of collapse cuts cafeteria?
Go ahead, name me one where they decide to let the director type their own letters
If it's that common, show me some example
Zero chance more like
I got so many dismissive replies for suggesting that 3-4 successive years of top 4 finishes would be huge for the club. “We’re not Arsenal.” was the general sentiment.
Some people are completely divorced from our current reality. We’ve struggled to qualify to the CL two years in a row since SAF retired, and haven’t achieved 3 in a row even once, yet folks want to talk about winning the title
I think it’s possible that nobody knew truly how dire things were at the club behind the scenes. INEOS clearly inherited an absolute mess and are being forced to do the really hard dirty things. It was likely a matter of time before whoever was in senior management of the club would have to do it.
Plain and simple our luck has run out with the Glazer at the helm they’ve burned through the hair they were hanging on by.
I don’t envy anyone having to manage the situation of being backed into a corner
Plain and simple our luck has run out with the Glazer at the helm they’ve burned through the hair they were hanging on by.
I don’t envy anyone having to manage the situation of being backed into a corner
I'm surprised. Rats usually abandon a sinking ship but knowing the Glazers, they'd be the only rats with their own lifeboat.
The potential returns on United are minimal though. He bought us at a price way above market value and I doubt he ever sees a meaningful return on it as an investment.
https://www.dailymail.co.uk/news/ar...ia-giant-cut-free-cafeteria-meals-cereal.html
I'm sorry but most private companies keep who writes letters private, its not Manutd.
Journalists know people like you will get all excited when there is negative news.
Its actually very common for companies to cost cut when they are not making money, job cuts. If you dont know this.. I cant do much
I am guessing it based on common sense that a contract with more time would have cost more to terminate than one with a shorter length.
What makes you think it would have been the same payout? Spidey senses?
That would have been a bad decision too. Kimmy brexit has a history of mediocrity in managing football clubs.
I am saying that it is at manageable limits and not a glaring problem. Jesus Christ!
So here we go, now you understand that the problem is not staff costs but finance and other costs.
I am not going to respond from here on. You can have the last post and claim victory. I can't break it down further for you.
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By your logic, some people work like slaves so we should all do it.
Lowering everything for everyone and call it egality. That’s how the griddy cnuts who lead the World are winning. They just have to get the poors against each others.
« Look at this guy, he has a free lunch at work and I don’t, I will be so happy if he wasn’t so privilegied. »
What a dumb and pity way to look at things.
I would’nt like to be your friend !
High amortization costs got accumulated due to our poor strike rate in the market and the inability to negotiate good deals with the selling clubs. When you are buying very high and have a poor strike rate it's inevitable that it is going to turn into a problem. As either you'd get struck with those players or you will have to sell them at huge losses keeping your net spend figure up. Most of the time we try to upgrade for a position which we already tried to upgrade the previous window.
I was banging about it as far back as in 2014 as I could see how it will become a huge headache down the line. However, the responses you'd get is "It's not my money, why should I care?" or "Woodie is a superman". Here we are, now we have no choice but to care.
I don't think those aspects have improved under INEOS either. Their first big mistake was to hand Bruno a bigger contract when he had time remaining on his current deal and is a depreciating asset. Second, although they were able to keep the net spend down in the summer, the strike rate is still poor. The total outlay on de Ligt was ridiculous given the quality of player we got. He didn't move the needle a lot and will end up costing us close to a 100m over the length of his contract. We'd have a hard time moving him on as we are the last stop on his big club journey. Zirkzee's fee doesn't look ridiculous either but again, we needed a striker and got whatever he is, which again makes it a bad purchase. We paid way over the top for Yoro with only a year remaining on his contract; though he can still prove to be an asset , but it all contributes to a higher amortization. Maz looks like only decent buy as the fees was okay for a back-up RB and he has stayed fit so far contrary to what his injury record over the past few seasons suggested.
If we were buying right we wouldn't need to spend 200m every transfer window. No club, even the richest, can sustain buying 6 players every transfer window, especially in today's inflated market.
The contracts for Bruno & de Ligt along with the hiring & firing are pain points for me as they keep the operating costs up. Then someone earning less in a year than they earn in a day gets the can when the INEOS come down with the axe.
These are things that I wish INEOS improved upon rather than snatching a sandwich out of Becky's mouth.
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We ain’t winning the title any time soon. People need to get out of dreamlandI got so many dismissive replies for suggesting that 3-4 successive years of top 4 finishes would be huge for the club. “We’re not Arsenal.” was the general sentiment.
Some people are completely divorced from our current reality. We’ve struggled to qualify to the CL two years in a row since SAF retired, and haven’t achieved 3 in a row even once, yet folks want to talk about winning the title
I dont believe we will ever win the title under the Glazer ownership. We simply cannot compete financially, they have drained so much money and soul, we have the worst squad in modern history due to their gross mismanagement. If City win the legal case likely they and Newcastle will spend more money going forward.
Yeah, the worst of it is this people are hidding their disgusting and jalous state of mind behind rationalism.
Ineos are making all the wrong decisions, costing them millions, but they are saving money by taking away fruits. And some deluded people are chearing about it.
It reminds me of people who vote for Trump.
Ineos should sake themselves after all the idiotics decisions they have made and that will show us finish 15th and losse dozen of millions.
They have costed more to the club then labour people who have a free meal. But of course they are not taking any responsability for it.
By justifying this kind of decisions you don’t want the club to be a Community based club.
Job cuts is not the same as cutting lunch for employees
If you dont know that i cant do much. Let's just agree to disagree
The Qataris destroyed their own bid promising billions for the local area. Consent money.
Can you imagine them negotiating a transfer, considering they can't even win with a state bid?
The only reason people want them is because they thought of them as a 'silver bullet', who'd come in and buy us the trinkets we feel
entitled to.
The first line of the headline.. if you cant read...
- A new report says that Mark Zuckerberg has begun cutting food perks at Meta's cafeteria
Yes we are 15th because INEOS took over.. before that we were challenging for titles, making millions of profit.
You are right, they are the reason we are in this mess, its almost as if they put the debt on our club, they gave contracts to all those players.
You talk about taking not taking responsibility... but when someone says they have made mistakes, what is that?
Exactly. People here seem to naively think he is some white knight.
Leopards dont change their spots.
Psychology don’t work like these. Seeing people at work every day fearing for their job and being taken away from the little they have will mâle you sad and defllated. Most people won’t react well to the sadness around them . I get know what the players are so sh*t. The work environnement is just so bad, it is taking the tool on their performances as they probably think about it and feel for people, if they are humans.
Bruno paying for tickets while Ineos reducing allocations just show that. They are like Most of us. They probably hate how Ineos are treating labour people, even more so because most of them are from labour people. They are not regulars millionairs inheriting their fortune and not giving a sh*t about regular people.
A lot likely got these perks to make up for being vastly underpaid.
Pour guy… But wait, he is know being a greedy scumbag who won’t even pay his taxes in his own country.
In first place I would not buy the club being a minority owner and letting people who destroyed it at the helm.
But I probably love the club more then Radcliff who is driven by profit and not love.
We're literally a few places above the zone, it isn't nonsense.
No, they are too busy taking responsibility for the mess the Glazers have left at this club.
No, they are too busy taking responsibility for the mess the Glazers have left at this club.
Dont worry, in some people's minds... the reason for the financial mess is because we sacked Ten Hag and Ashworth. That is the reason we are losing 100m a year, its got nothing to do with previous regime and past failures.
I think you’ll find the staff losing their jobs are baring responsibility here. INEOS are just doing what they do at every business they run. They do it with relish.No, they are too busy taking responsibility for the mess the Glazers have left at this club.
You’re doing sterling work in this thread. I have to seriously bite my tongue or I’d end up permabanned for sure. I just can’t fathom how some posters can be so utterly stupid.
So many poorly formed opinions and personal dislikes parading as fact. It’s great to see a few level headed people can see the situation for what it is and not get wound up be headlines and click bait.
Nope, relish isn’t allowed anymore - only soup and sandwiches.
I don’t understand why some of you take these job cuts so personally? It isnt you that is being sacked - and these are redundancies by the way so the staff will be compensated accordingly. It’s a shitty situation for sure, but it’s not one of INEOS making - they are just taking the flack for sorting it out.
Yes. If offered at the job offering it's not fair to simply take it away. If the situation is so dire and it's a small company the workers will understand.
But a 5 bn valuation company penny pinching can be a downer.
There are certain standards to how low efficiency can go. And it's beyond 1M per annum, it's about sending a message that you're not important to us. feck you and your free lunch.
Company often paid good money for employee retention programs such as seminar, family outing, communal facility all in the name of efficiency. Ours is to cut their lunch.
I hope Ineos never reimburse his private jet to the corporate expense tab