That’s all I ever wanted
Club ownership | Senior management team talk
- Thread starter golden_blunder
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In the latest episode of the United Hour Podcast, Nik (@Rood) and Jamie (@Vault Dweller) are here to celebrate rare back-to-back victories for Manchester United! They analyse the late win in the Europa League vs. Rangers and then try and find things to analyse in a pretty dour game vs. Fulham. They also chat about the latest Marcus Rashford news, and look at the latest transfer news.
Whether you like it or not United IS a business, and no business can survive for long making loses into the hundreds of millions annually.
These measures aren’t savoury, they absolutely suck for those involved and these people obviously have the sympathies of the fanbase majority. However, without them the alternative would be bankruptcy, the entire workforce losing their jobs and our great club being consigned to history.
These hard things are absolutely necessary, and will build a solid and stable foundation for the ‘footballing perspective’ to improve from. There is no quick fix here, even if we had vast oil riches - we have to work within the rules. Please be patient.
When have journalists let facts get in the way of bashing our club?
Does this mean that for the next couple of years we can’t sign big players and also mean accepting mid table. I’m so confused as to what this situation does to us
I could cut down the words on that and save some ink for them. Just say “Somebody needs to pay for our idiotic decision to extend the contract of a man we wanted to fire and the dismissal of a man we paid to get out of his contract at another club and it shouldn’t be us.” cnuts.
Of course asking the ginger tossers who caused all this mess to cough up some of the £1.3 billion Ineos gave them for wrecking the club is out of the question?
I’m not sure INEOS is interested in ‘big players’. After all SJR has already said he is looking for the next Mbappe, not splashing hundreds of millions on actual Mbappe. I think our transfer strategy has or will be reset. (Not sure how this tallies with selling Garnacho or Mainoo mind)
Have you heard of the Glazer family from Tampa bay?
The state that the club has been left in makes me ill.
The best in class.
It doesn't. We're trying to do an Arsenal while selling our versions of Odegaard and Saka.
I have. I’m not celebrating them. Same can’t be said for INEOS’ apologists.Have you heard of the Glazer family from Tampa bay?
Are you under the impression that sacking Ten Hag and getting Ashworth caused £300m of losses?
So basically mid table for a few years until we get our money right
Is that not what happened with the training ground developments?
I’m getting the impression it cost more than their cost cutting has saved. I also get the impression they fecked this season when they kept a lame duck in charge. We’ll need to increase the cost of ticket prices another £20 to pay for missing out on Europe.
Who are these mythical owner(s) - aside from nation states I doubt anyone wants any of the few people who could do that, Elon Musk, Jeff Bezos, Bill Gates, Mark Zuckerberg are not the sort of owners we, as fans, would want, hedge funds same
Starting to feel the same way, reading that statement, there's going to be a hail Mary of an increase on ST prices next season onwards.
I'm in my early 30s and had my ST for 20 seasons, think I'll just consider myself blessed I witnessed our '08 run and see the tail end of SAFs reign.
The club is in the gutter.
Chelsea were allowed to sell themselves a fecking hotel to bail themselves out and Ratcliffe is just sitting on his billions and watching the club be forced to sell its most promising assets instead of just selling Carrington to himself and moving the club forward. Becoming more and more obvious he took on United as a vanity project and has no interest in investing what was required to become owner.
However, to do just that it will take a sugar daddy. Look at what the middle east are doing with golf / boxing it's very likely they are making a loss by overcompensating for negotiations with fighters etc but they are doing it at the expense of their long term projections for future revenue with owning sporting franchises.
The middle eastern ownership models are perhaps the only ones with the resources to write off United's debt by taking on the status of the club and using it to pioneer their own reputation etc through sport.
Those from western conventional wealth don't have the financial means, it's only viable through consortium's such as with Chelsea but the situation Roman left them in is significantly better than what United have been left with due to the Glazers incompetence.
Then to compound the issue there are other financial competitive owners in the league: Shahid Khan with Fulham, V sports enterprise via Aston Villa and the Saudi's at Newcastle. The league won't just stand still while INEOS cost cut and exhibit exhaustive measures to find some equilibrium.
The only ownership model that's been demonstrated in football for United to have some semblance of being financially competent off the field and good enough on the field is with a middle eastern backed venture. This consequence is purported only due to one reason being the Glazers creating the economic conditions surrounding the club.
I’m guessing Big Jim is putting pressure on the glazers to sell their share.
There's some weird irony here. As an American fan with no real prior affiliation to football, I chose Man United because the Glazers owned them. Not that I thought they were good owners, mind you, but because I have been a Bucs fan all my life and I figured I could share the misery. That said, the Glazers do seem to take better care of the Bucs than they do United.
But history is funny - the original owner of the Bucs was Hugh Culverhouse, one of the worst owners in the history of the NFL. He made a LOT of money with a badly losing team. Of course, there's no relegation in the NFL. When Malcom Glazer bought the team, we started on an upward trajectory that stalled out after his death (signing Brady was an exception). I distinctly remember when he bought United, though. There was a lot of worry that his attention would wander over to the other side of the Atlantic.
Now, Malcom's dead and the kids have been in charge. And I'll be damned but they haven't attempted to become the Hugh Culverhouse of the EPL with United. Except now they're starting to lose money, methinks.
But history is funny - the original owner of the Bucs was Hugh Culverhouse, one of the worst owners in the history of the NFL. He made a LOT of money with a badly losing team. Of course, there's no relegation in the NFL. When Malcom Glazer bought the team, we started on an upward trajectory that stalled out after his death (signing Brady was an exception). I distinctly remember when he bought United, though. There was a lot of worry that his attention would wander over to the other side of the Atlantic.
Now, Malcom's dead and the kids have been in charge. And I'll be damned but they haven't attempted to become the Hugh Culverhouse of the EPL with United. Except now they're starting to lose money, methinks.
The end of the letter asking fan ideas to increase revenue has left me truly gobsmacked
He can afford it the Glazers don’t want to sell. They won’t be able to walk away until they feel they’ve milked every last drop. I have no idea at what point that will be, it could take years still unfortunately.
They wont leave until the club value has increased significantly, the sole reason they are hanging around. Maybe its the new stadium, or explosion after the US world cup
It's the Super League. It has always been the Super League.
I know this myth was put to be when the club was up for sale, billionaires, corporations and states weren’t queuing up to buy. It was SJR and a Qatari who couldn’t even provide POF at the end. It’s just a case of how long is it going to take for the Glazers to sell to SJR, there is no magic bid arriving.
It's just to make them feel involved. They aren't actually clueless and need fans to tell them how to.
They thought they were getting the European Super League as a new revenue stream, I can’t see them going until they feel that’s off the table. A new stadium is a pipe dream with them as owners.
The Glazers are the sort of people who wouldn’t be happy with the billions they’d made if someone came in and made money after them.
Agree, I don't think it's a case of short term income (dividend earnings) Glazers are more then likely banking on the clubs projected valuation. It's increased incrementally as the years have developed but as of recent the stadiums redevelopment and the low interest debt that will be re-facilitated have forced their hand.
All Jim has done is buy them more time, there's also very little consensus on his realistic approach of buying their remaining share value. United is almost like a play-thingy between the two. No conviction behind anything.
News from the south coast, which may or may not be relevant to some of this discussion
Ineos sailing team and Ben Ainslie going their separate ways, with Ineos apparently keeping the team
(Ainslie founded it, and Ineos came along a few years later as a sponsor)
Ineos sailing team and Ben Ainslie going their separate ways, with Ineos apparently keeping the team
(Ainslie founded it, and Ineos came along a few years later as a sponsor)
Yeah I feel we’ve reached a bit of a standoff in terms of the ownership. The only thing on the horizon that may prompt a change is that the first chunk of debt has to be refinanced in two years. That is going to be at higher interest rates so maybe something will have to give.
What an incredibly short sighted view this is.
We've wasted in excess of a billion pounds on players over the past decade. We've wasted hundreds of millions on obscene contracts. We're still hemorrhaging cash on dross like Rashford, Casemiro, Antony, and Mount. That's almost one million pounds per week leaving the club on four players who provide feck all in return.
But sure, our financial situation is the fault of Ineos for not sacking Ten Hag in the summer
I could see INEOS issuing convertible debt to the club at favorable rates that'll eventually convert to equity and dilute the Glazers' stakes.
More like until the young players come good.
Are FFP rules changing in the summer? We’re in a bit of a mess if not - losing money hand over fist. The last few years have shown it wasn’t just footballing decisions that the Glazer bellends were incompetent in - off the pitch they’ve been atrocious too.
So if you know of the Glazers, I assume you would also acknowledge that the almighty mess INEOS are tasked with sorting out isn’t of their making?
It’s not about being apologist for anyone, it’s about being pragmatic and realistic about the situation. We’re all (supposedly) on the same side. Grow up.