Yeah the number of people joining me and others in the INEOS OUT camp will be growing after that tweet today and Garnacho going. Let's just say we need somewhat of a magic wand to be waved right now.
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.
Yeah the number of people joining me and others in the INEOS OUT camp will be growing after that tweet today and Garnacho going. Let's just say we need somewhat of a magic wand to be waved right now.
I remember the Antony transfer thread. "It's not your money." 
The Glazers dug a hole so deep only the Qatari could have dug this club out. INEOS are very unlikely to be able to do it, and not without stripping, selling and cutting everything and everyone. Even that will take many years and at the end of it will stand the Glazers waiting for their cut. This club is in for a very long decade, if not more.
The Glazers dug a hole so deep only the Qatari could have dug this club out. INEOS are very unlikely to be able to do it, and not without stripping, selling and cutting everything and everyone. Even that will take many years and at the end of it will stand the Glazers waiting for their cut. This club is in for a very long decade, if not more.
That is just utter garbage. 15 years of Glazers have damaged this club, end of. As much as you dont like Ratcliffe, he is not to blame for the situation that has been an issue for so many years, hence the fans pushed for the debt to be reduced. The sheer incompetence of the management shows now the consequences
To who? There is no one willing to pay the requested price it seems and the debt is massive. The Glazers are the scum who put us there and are not willing to lose one single dollar now
I am sure there will be interested parties. Glazers just need to be realistic and not expect the moon.
He shouldn’t have come into United in the first place as it’s clearly too big of a bite for him to chew.
Whilst I'm not a Glazier supporter, they have put money into transfers time and time again. The first 5 years we were very succesful, with the great SAF. Since then it's been dross. Are they to blame? Partly, but they are not football people and those employed to make football decisions have been awful. Sad times.
I just hope that the Glazers, whereever they are, won''t have peace.
Until I see data/figures that clarify it, I think the “won’t somebody please think of the club , PSR threat” is a load of PR bullsh.t from the club.
I get the feeling these feckers are gaslighting us
It's the dream excuse for owners.
'We'd love to buy you a load of players but we can't because of PSR!!!'
'We'd love to keep ticket prices cheap but but but PSR!!!!!'
Oh this is interesting. A conspiracy theory. I like it.
Agreed. Are they to blame? Partly sure, but if we had spent those millions and billions of dollars wisely would we have been challenging right now? yes
it's a mixed one
They didn't really need to do anything until 2009. Fergie's rebuild was well underway by the time they took over.
The problems came post Ronaldo when the team was still good but it was obvious that tweaks needed to be made. We still had Gill but the investment needed to keep up as the top never came.
Hmm I wonder why it was the first 5 years…
The debt leveraged buyout is the root of all malignancy effecting the club now. I still cannot believe that was allowed and it’s criminal conduct to let that be done to a great British institution by a bunch of Americans.
The rules around PSR are pretty clear, our losses over the last three years have also been well documented. I don't think its an excuse, its a reality to our situation. We spend far to much on both transfers and wages, unfortunately until both of those things come into line then everything at the club will shoulder the burden as well, its harsh and hurts the fans but i think it shows how bad our immediate situation is. The one good thing from last summer is we did give out more reasonable wages, we didn't do the mistakes of the past of signing average talent on stupid wages.
Whether we like it or not, the problems have to be faced head on.Its all on the sheer incompetence of the Glazers why we're in this mess.
Which is why a deal that kept them here was never, ever going to be the answer.
I agree with that, i wanted a full takeover which allowed the club to be run debt free. The issue we have now is that removal of the debt will be very difficult until someone takes over the club fully. Sir Jim wont wipe it off unless he gets something back in the way of equality and the glazers wont remove it as there long term future clearly isn't with the club. If we remove the debt, the interest and repayments suddenly disappear and with the removal of some of our high earning players who are on ridiculous contracts we suddenly look in a lot better position. Factor in the extra revenue a new stadium could bring in the future and a more sustainable transfer policy we could thrive. The debt is holding us back.
Thank god someone said it. So many people think it’s just about dumping in millions out of scrooges personal pockets. It doesn’t matter who buys the club, they need to meet the regulations
Even loan signings cost millions. We need to get people out on loans or sales before we can commit to incomings
I see INEOS cashing in on OT naming rights very soon. They're playing the "we're broke" card to push some of their weird agenda - cutting jobs, removing ambassadors, selling home grown prospects, raising ticket prices etc.
That is partly true. If you invest heavily in the facilities, womens team, academy and sorounding area that will actually be something counts as a positive on your PSR balance.
Realistically, the Ratcliffe deal was the only one on the table, the Qatari bid was all smoke and mirrors.
I was happy with the Ratcliffe deal, I'm not gonna lie, I couldn't stomach the thought of us being owned by a state.Having said that, am I happy with some of the things they've done?no I'm not, but we couldn't carry on as things were, tough decisions had and still need to be made.
It's an absolute mess, it's gonna take time to turn it around let's see where we are 12 months from now.
I don’t think we could have got a worse partner to the Glazers than Jim. We are looking at awful years ahead unfortunately.
Which he’s done to be fair
Could he invest more in those areas? Perhaps, but it boils down to he’s only owning less than a 3rd of the club. Why should he unless they give him more of a share
It won't be positive but it won't be negative either. Profit/loss for PSR will be calculated by not considering these items.
Yes I was just pointing out that if you put in money in the correct areas it does have a positive effect on PSR. But yes I dont blame him for not committing more money while he is only part owner.
I think this is the fundamental misunderstanding. The Glazers haven't ever 'put money in' to transfers or otherwise.
They have 'sanctioned' spending on transfers, using a combination of the club's own money and debt. Likewise on infrastructure, etc.
Sanctioning that spending, doing a terrible job of spending it effectively and doing a terrible job of managing outgoings (like literally the worst of any club in the world, I think) has left us in an awful position.
That position was then compounded by the combination of COVID and the subsequent hike in interest rates, which have added significant additional burden to the club.
The Glazer ownership model, and mis-management, has left us boxed into a corner from which there are very few escape routes.
You can blame the Glazers for a lot - but you can't blame the Glazers for us spending hundreds of millions on mediocre players. They are to blame for the debt but if just 3-4 of those big name signings that our club have made - worked out, we wouldn't be in this mess.
All the information is available online. Go have a look at it and make a judgement for yourself if you guys think the club has loads of money.
We are missing out on CL money, spending over a 1bn in the last 8 years on transfers, paying astronomical wages for championship standard players and you guys think that we are financially sound?
Exactly. There's barely any player that City, Liverpool and Arsenal have that we couldn't have bought ourselves in the last 10 years.
The club has just spent billions (including wages) as badly as realistically possible.
I'm sorry, but I totally disagree with this.
They've never put money into United, they've only taken money out of United. The money we have spent on transfers was Manchester United money or borrowed money, putting us further into debt, none of it came out of the pockets of the Glazers.
Under Ferguson, we didn't splash the cash, Sir Alex kept repeating each window, 'there's no value in the market' - We relied heavily on existing players to be consistent for years. The squad Gary Neville, Rio, Wes Brown, Ronaldo, Rooney, Ruud, Giggs, Saha, Scholes, Ole, Fletcher etc
The first season the Glazers took over we spent less than £20m thankfully Vidic, Evra, Park & VDS all worked out.
The second season we bought in 1 player, Michael Carrick & Sold Ruud.
The only reason United where very successful was because we had the greatest manager at the helm and a competent CEO in Gill.
The once both left, the Glazers appointed a clueless banker to make football decisions. Yes we can slate Woodward, but ultimately it was the Glazers that decided to employ business men in footballing positions because their only goal was to grow the United brand, not keep us competitive, because if that was the goal they would have employed someone from within football to make football decisions.
The Glazers have done exactly NOTHING positive for United, they came in and leeched off the club, put us in massive debt and turned us from being the biggest and best in Europe to being a laughing stock.
When they took over United had one of the best football teams, one of the best football stadiums, one of the best training facilities, No debt, low wage outgoings compared to income and a great scouting system.
Now all of the things are completely terrible, scouting, facilities, Old Trafford, wages, team on the pitch etc.
The Glazers have ruined United
The Glazers put bankers in charge of recruitment, if the Glazers put the correct type of staff in place, those hundreds of millions would have been spent better. You wouldn't put a football scout in charge of big business banking, why would you put a big business banker in charge of recruitment?
The Glazers are to blame for everything, they own the club and they put in place the people that f**ked the club
Ofcourse you can.. as an owner it is your duty. You hire the right people, if they keep making expensive mistakes, generally an interested owner would ask questions and get the right people in.
Its not about signings working out or not, from the top of the club, there has to be a direction. The Glazers didn't have a direction, which filtered down to the players.
Hiring Moyes to LVG to Jose to Ole to Ten Hag.. those are different styles of play, managers who require different profiles.
We can still spend some money if we really have to though, just need to be careful with it.
When I made that post there was no sign of any activity at all which was the frustration and since then we’ve bid for Dorgu once and are preparing another bid for €30m. It’s not like the Antony loan will fund much of that and it doesn’t appear it’s dependent on anyone else leaving.
Im not sure I share your optimism of having a pot to piss in
The Qataris were the answer. There is no way we are competing with the top clubs any time soon whilst being handicapped by Jimmy Rat and PSR.