Roboc7
Full Member
- Joined
- Mar 31, 2014
- Messages
- 7,527
Not only PSR but I think our situation financially is much worse than just funds for transfers otherwise Ineos wouldn't be taking such drastic measures to make the club leaner. There will be pain along the way but until we clear the toxic contracts and avoid adding more we are in for a period of pain.
Now the issue is that people see the situation we are in, know what needs to be done but scream when every tough measure is taken. Now the fact that we are going to need refinancing and fresh funds, for the debt and stadium respectively, the books will need to be painting a substantially different picture then to what they are now for the club to get loans on any reasonable terms.
I wouldn't be shocked if Ineos, having seen the scale of the disaster, are just now content to wait for the lapsing of their exclusive period, whilst cleaning up the books, so that they sell along with the Glazers for a tidy profit.
The problem with United is we have become too big for our own good and there really is no financial middle ground for us. To service the debt whilst concurrently building a new stadium we need to be permanent fixtures in the CL but to do that you need to be spending around £500m in transfers and wages per year, given where we are, meaning that you need your revenues to be touching a billion. Tough ask in the PL.
I don’t think there is a tidy profit though, cleaning up the books doesn’t tackle the fundamental problems of negotiating a huge sale. INEOS paid over the odds for their shares, there weren’t and aren’t people queuing up to buy Utd. There is also still the issue of the debt and huge investment in infrastructure required.
I think they know what they’ve bought into it’s just not a quick fix on or off the pitch.