Why does that matter? Its just another excuse. They could pay it off or sell shares to generate the cash or do something else. Are we a big club or not. If we are then we better start acting like it
Club ownership | Senior management team talk
- Thread starter golden_blunder
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If you're not using Chelsea as a success story, what's the point you're trying to make? That we could also cheat PSR and hand out ludicrous contracts that make no sense while winning nothing? Thanks, but no thanks. Also, comparing Manchester United to Amazon, a completely different re ent business in an entirely different industry subject to a totally different financial regulatory system, makes no sense and is utterly pointless
So how do you propose paying it off then
There is no proposal needed, the current debt is within our projected budget.
Simply put we needed majority owners who could pay off that debt straight away, instead we have minority ones having to kick can down road.
They already did. They've gotten very little for it because everyone already refers to their stadium as Camp Nou. Wouldn't expect any different if we sold OT's naming rights.
While it would be nice, it's needed and it's also highly unlikely that anyone would pay that kind of debt straight away. The filthy rich have no issue carrying debt.
Out of thier own pockets. Part of the sell out to INEOS should gave been clearing out the debts
The point that you are missing is even the so called joke that is Chelsea are a) at least trying and b) doing better than us. If they arnt a success then what are we? And Amazon is a representative of a huge company. We should act like Amazon, Google, Apple erc or in football Real Madrid. We are not acting like a big company. We are acting like Everton. Or West Ham etc
They don’t though do they. The Glazers lumbered us with this debt nearly 20 years ago. We got nothing for it but the privilege of having them own the club.
They have then happily left it there while it has cost the club over £1bn in interest.
Qatar claimed they’d have cleared the debt if they bought us. Instead while the Glazers still own the club it’s an unavoidable fact of life. They will never pay it down, they’d rather watch Old Trafford burn.
The club isn't filthy rich and it's the club that carries the debt. It is the club that will be stripped to pay creditors, not the Glazers or Ineos. Just remember, we were solvent in 2005.
I'm talking about the potential owners mentioned, not the club.
Exactly my point. And all INEOs has done is become a front for the leaches. It should have been Glazers out and debt cleared. Not keep the Glazers and put up prices and cancel Christmas.
That's child's talk. Of course debt matters, we have to pay it off and the interest is big, and getting bigger.
Everything has limited credit, you cannot borrow forever.
Why would anyone sell shares to pay it off? Unless the company was going to collapse it wouldn't make any sense.
Well I'm not sure who would clear the debt.
Well, you can't kick them out if they refuse to sell. It's as simple as that.
We are significantly closer to everton or west ham than Amazon, Google, or apple, so please get in the real world.
Chelsea sold well, they picked players who they knew could sell if they didn't make it. Net spending is less than ours.
Preach it.
Maybe Ineos will make a success of it, but keeping the Glazers was always a bad start!
Whatever their plan is, the priority has to be moving away from the chronic zombie football. It’s plagued us even as far back as fergie in parts of his last season.
We need a striker. It must be so demoralising for the rest of the team knowing that there is no one up top who can score a goal
Jim's starring in an episode of Shaun the Sheep.
You can but (PSR considerations aside) in a well run business your investment is what drives your revenues. Our investments - ie player costs - have not. We've grown revenues but we have lost money doing so, because our player costs have been too high for what we get in return. That is the core problem we have to fix. Everything else is just wishful thinking. "Revenue is vanity, profit is sanity".
Idiots
Good on them. He needs to hear it as he’s in his own bubble. Detached from the Manchester people.
it was idiotic. Had a chance to actually speak and just abused him.
Did he ask them if they want a photograph? Or am I mishearing?Guess what would have been sticking it to him? Not paying the ticket money to watch United. Stay at home, dont put money in his pocket. The away fans are the hardcores. That's where it'll hit him the most, if you lose that lot. Abusing someone on camera is dumb. Like he gives a feck about what any of us say. Stop buying the shirts, stop buying the tickets, then he'll listen.
The fact is Glazers were not willing to sell the entirety of united, whether it's because of the price or they just want to continue to suck us dry. We are stuck with INEOS and Glazers.
While many painful decisions had been made, including the retrenchments and ticket prices, I do see action being taken to improve United.
1. A new stadium is a massive project which we badly need.
2. The ridiculous pay some players were receiving being sorted out.
3. Ridiculous transfer fees for unproven players deemed to have potential.
4. A new management team that appears to know what needs to be done to straighten this club's finances (still to be seen though).
So as much as I would love a white Knight to come in and buy us out of our debts and gift us a new stadium, I am still thankful INEOS isn't passive and can hopefully improve this Club.
While many painful decisions had been made, including the retrenchments and ticket prices, I do see action being taken to improve United.
1. A new stadium is a massive project which we badly need.
2. The ridiculous pay some players were receiving being sorted out.
3. Ridiculous transfer fees for unproven players deemed to have potential.
4. A new management team that appears to know what needs to be done to straighten this club's finances (still to be seen though).
So as much as I would love a white Knight to come in and buy us out of our debts and gift us a new stadium, I am still thankful INEOS isn't passive and can hopefully improve this Club.
Anyone who thinks he's worse than the Glazers is having a laugh. The Glazers killed this club.
We don’t badly need a new stadium at all. We need a renovation. You sound no better than the soulless cnuts running this club.
Embarrassingly short memories from United fans, no clue whatsoever about the clubs' finances, everybody still thinks we are in the mid 2010s with a lot of money to burn. These same people would have been complaining if the club failed to meet PSR regulations. Yes, INEOS have made mistakes with keeping ETH (Ashworth's decision) and they have rightly fixed it even though it cost us money, I'll remind people of the poll on CAF where 80% were ETH in, had journos like Andy Mitten showing his twitter polls to ETH about the strong support from United fans but now in hindsight everyone says it was the wrong decision and will pretend they wouldn't have thrown their toys out if he was sacked.
- People keep forgetting INEOS have actually put money into the club (300m) without which we would have failed to comply with the max allowable losses in a 3-year period.
- Invested 50m into Carrington for the first time in ages.
- Actually, doing something about the stadium.
These are just financial things; they have changed a lot of the footballing structure too but only time will tell if they made the right moves.
Things are far from perfect but we were left in a terrible position, if they made these cuts and ticket price increases when the finances were actually in the green, I would have lots of reasons to be angry but they weren't and INEOS have to take the fall for the Glazers incompetence.
It better to take corrective action than none at all, so many fans giving the Glazers a pass (worse than Glazers smh), forgetting the reason why we are in this situation in the first place. Everyone loves a moan; nobody stops to think for a second.
If anyone deserves at least a bit of verbal abuse, it's a billionaire. Well done pissheads. Pity those same gents will still be filling his stadium for the foreseeable though because actually taking a stand against the owners means missing out on their sacred day at the game, and God forbid they sacrifice a pint and a sing song.
No, but from the outside looking in it just seems strange that everything that happens is him, not Berrada/Wilcox/Vivell.
I hope that is what is happening, I really do, but the doubt still lingers.
You are ridiculous Mr armchair. I was there today and sang the chant against Ratcliffe. He’s a bell. But I won’t not go to the games because some clown owns this club. I support Manchester United regardless of who owns them. I’ll still be going when Jim’s been dead for 10 years.
Making a stand by not going will do nothing. Game day revenue is pennies in terms of income to the owners.
Carry on sitting on your sofa and never going within 10 miles of Old Trafford Mr Armchair and call yourself a ‘fan’.