He said we can pay for the stadium. He just added that it would make more sense if the government also regenerated the area.
Club ownership | Senior management team talk
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In the latest episode of the United Hour Podcast, Nik (@Rood) and Imran (@Annihilate Now!) are here to discuss three 1-1 draws.
The first got us knocked out of the FA Cup, the next puts us in a good position in our Round of 16 Europa League game, and the latest was an actual decent performance against Arsenal at Old Trafford.
All hopes for the season now rest on the Europa League - does Amorim have the squad to win it?
He said we can pay for the stadium. He just added that it would make more sense if the government also regenerated the area.
I agree with you completely, and have said similar on here in the past.
But this specific question related to the dire financial position the club currently finds itself in, which has resulted in such drastic and draconian measures tearing at the soul of the club.
He was asking why, as the custodians who have overseen the negligence and mismanagement you are speaking about, as well as having taken dividends out of the club in the past, could the Glazer family not now inject some of their own money for the first time ever?
That's not what I took from what he said, he said they can pay for the stadium but the club can't finance the Regen of the surrounding area. Think hes got his heart set on the stadium
BBC interview worth watching? Only seen the Overlap.
He said we didn't need government help with paying for the stadium..?
Much the same to be honest, but Dan Roan is a bit of a wet blanket and let’s SJR off with the Glazer related stuff that Nev pushed on.
Why Berrada? I thought it sounded more like he had clashed with Ashworth himself. I guess we may never know.
No they wont go bankrupt. They could sell. If he can't afford to sustain the club then he shouldn't have bought it in the first place. As I said its not Poundland or Greggs. What he says makes sense for those businesses. But that's not how a football club works. I'm not even mad of him making it more efficient. Heck put up the prices. But you better sustain the level of quality to match the brand and at the same time continue the fact that its a community. Fking off ex players for 40 grand is not that or cancelling food. Community and success on the pitch first budgeting second. If you can't figure out how to do the first two and all you are focused on is making it profitable, then sell up or we won't have a brand anymore. We will just be a failed giant that has no soul.
I think it would 5-6 years to manage the changes within United. The target of winning a title by 2028 would be pushed to 2030-31, I cannot United being successful in the next few years. So what if we qualify for the Champion League next season, we will likely be out in the group stages unless sell enough players to generate funds to buy. I think we can probably get 80 million for Rashford, Sancho, and Antony so our transfer needs to be spot-on. We need to purchase 2-3 players with the proceed (20-30 million per player) which would be difficult. I wouldn't kind Garnacho leaving if there is an 70-80 million offer, I could get 2 players back instead of 1 misfiring winger.
A partner that refuses to speak or doing anything about their wrong doings over the last decade and a half.
Someone remind me, did he ever say that he was going to buyout the Glazers?
I thought this
Reverting to type, I see. It's pretty clear from the Sec material that they were open to selling. Indeed, a full sale was their preferred route. Yet, you continue to perpetuate the myth that JR had no choice, the Glazers didn't want to sell. Crazy stuff. If a legally acceptable offer is the definition of a serious offer, then the other "bidder" was a way more serious as he made many more legally acceptable offers than JR.
Neville should really have asked:
1) You had an opportunity to buy out the club, why didn't you take it? Why go in to partnership with the Glazers?
2) What does the ownership look like in a few years?
3) Not all the debt will come down by becoming more profitable, a decision has to be made wrt to the legacy LBO debt, how do you intend to deal with that while planning for a new stadium?
Overall, I though Radcliffe did ok. A few slip ups- the "nobody suggested that" to Neville's suggest fix for the 40,000 cut, his definition of a faithful fan went a bit wayward, his bit about the club being more generous in the future should the good times rolls. He also inadvertently gave away some privileged information relating to the club's operational costs. No harm done.
He may have been a little reluctant to be critical of the Glazers, but his attempt to absolve them from blame by pinning it on Woodward and Arnold was both unnecessary and disingenuous.
Yes, he did. The original offer was for 100% of the Glazer family shares.
It’s still reported that his ambition is to own the majority of the club. It’s the way he usually works when he takes over a business.
A lot of questions being asked about this so called going all out broke in December. If the club were going under, wouldn't the Glazers been force to sell? Someone on YT asking, why didn't Jim insist the billion he put into the club go towards paying the debt?
Show me where this information can be found and I’ll admit I’m wrong.
He never offered the same consideration to class a shareholders as he did the Glazers class B shares. In the event of a transaction on those terms (which the clubs board would have rejected anyway) both the bidder and the Glazers would have been sued by the class a holders for their piece of the pie.
Indeed this consideration was the way that one’s ultimately pulled off a deal.
True, but they still hold the majority of the club, and Sir Jim harbours a plan to purchase the club when the time comes so he must tread carefully.
We need to make a distinction because he didn’t say the club was going broke - he said we would have run out of cash. That means we would have been forced to take out more debt to survive and more debt to do transfer business etc…. Though going broke probably wouldn’t have been too far down the line in that scenario.
Also he didn’t put a billion ‘into the club’. That was paid to the Glazers in exchange for their equity. The 300m$ sir Jim did invest into the club has been split between the training ground renovation and some has paid off debt, though that’s transfer debt so we can spend this coming summer, rather than leveraged takeover debt.
Until reading your comment, I hadn’t realised there were two separate interviews. I saw the Dan Roan piece and thought he was being dishonest while writing about the Neville interview!
Haven't watched either interview,looking forward to watching them later. Happy that someone actually had the balls to sit down and talk. Jim is gone up in my view now and fair play to neville for landing the interview. His criticism in last few years has been big and I'm shocked the glazers haven't barred him from the club. Love him or hate him he's a good mouthpiece for the fans
The revenue from CL is around £65+m if I'm not mistaken, and match day revenue on top of that, and probably some sponsorship implications. It's 8 group stage games plus the two play off rounds. We're unlikely to get knocked out in group stage under new format as most teams go through to the knockout stage.
We still need to sell well in the summer whether we get CL football or not, but the CL qualification is massive. The rebuild will be a lot smoother and quicker if we get back in CL.
This season will be the first season we miss out on CL qualification two years in a row.
Yeah I did think when Jim said about nobody suggesting a fundraiser for the ex-players charity that if he doesn’t have people around the club who can come up with those ideas, and be a conduit between him and the club then their may be a role at the club for Gary. He has business AND media experience and he could help avoid some of the rough PR we have seen in recent months.
The smartest thing they did at the club was not to put themselves up for interviews. I mean, how could they ever spin a pretty picture?
How often do club owners sit down for interviews
On the staff cuts, genuine question.
Was it just day to day staff or did the top level staff take payouts or have any redundancies? I get its not that easy to get rid of high earners on the playing side, but how much money could the club really save by sacking regular workers who probably weren't making all that much comparatively.
I might just be projecting, but Im tired of the whole "We're all in this together and we had to make tough choices", while simultaneously paying a fortune to executives that no one can figure out what they do or spending a fortune on other extravagant things while John who worked in the gift shop for 25 years now doesn't know how he will pay his bills next month.
Was it just day to day staff or did the top level staff take payouts or have any redundancies? I get its not that easy to get rid of high earners on the playing side, but how much money could the club really save by sacking regular workers who probably weren't making all that much comparatively.
I might just be projecting, but Im tired of the whole "We're all in this together and we had to make tough choices", while simultaneously paying a fortune to executives that no one can figure out what they do or spending a fortune on other extravagant things while John who worked in the gift shop for 25 years now doesn't know how he will pay his bills next month.
I have some respect for Ratcliffe doing these interviews, but the reality is he just wants the fans to get off his back so he can make all of these cuts unabated.
He didn't really answer any of the questions in any detail, and just glossed over the majority of important points.
I don't get a good vibe from him at all, but we'll see. I don't believe he cares about the club and I don't really think he's a fan either...
He didn't really answer any of the questions in any detail, and just glossed over the majority of important points.
I don't get a good vibe from him at all, but we'll see. I don't believe he cares about the club and I don't really think he's a fan either...
A number of executives have left the club as part of the hundreds of job cuts. This was referred to by Andy Mitten on TOTD podcast, and he named a few people that he knows. Sir Jim also mentions the’body language expert’ in this interview. I’m sure they would have been given short shrift.
Thanks for that. I wish it was just limited to the execs but at least the burden was shared across the board.
It's not the reality though is it, that's all just what you think. It's your reality.
I thought he came across extremely well and he knows he's going to be unpopular for the next while but he's willing to take the heat to get the job done as he feels it will be worth it when we come out the other end.
Sometimes people just don't get on, happens in every walk of life, he mentioned chemistry but there was clearly more to it than just that, unless someone writes a tell-all we'll never know
And me
All his bids prior to the last bid offered the same price per share for A and B shares. The 2nd last bid was $30 per share for all shares.
You think United don't spend money??
Care to elaborate?
1. Why is he clueless about football? He didnt go to deeply into the football side but he made valid points about players needing time to adapt (Zirkzee) and Amorim not having half of his squad available, especially half of those who are the top ten earners. A very valid point that most pundits ignore, such as the Sky Sports pundits, Neville included, who spent an hour post game talking about Arsenals lack of a stiker and missing Saka when United are without at least 8 potential starters.
2. Why is he old school? You dont think he knows how to operate an iphone? Wasn't he talking about bringing in data analysts to the club? That is hardly from the magic sponge and half time orange school of thinking, is it?
3. Im pretty sure Gregg spend money - you think those sausages for the sausage rolls are free?
And what are you talking about? He put 300mil in himself. The club spent over 200mil in the first window under INEOS. That is hardly "not spending money" is it?
Expenses come out of the money the company he owns makes, so he's actually paying for it himself
Just being in the CL generates money that can be used to buy players
Just listening to the interview while at work.
The one thing that has struck me out of all of this is that we now have an owner who cares. SJR cares enough to front up and do this interview - the Glazer rats never did anything like this.
He cares enough to recognise the state of the club and is trying to put it right, which means making hard decisions along the way. He also owned up to his feck up of keeping Ten Hag on in the summer.
He didn't make this mess (well, most of it) but he's doing what he can to clean up the catastrophic mess the Glazer rats left behind.
I say let him do what he needs to do. Maybe I'm just being hopelessly optimistic. But at least he is caring enough to do something. The rats would have just kept mismanaging us until we went bankrupt.
The one thing that has struck me out of all of this is that we now have an owner who cares. SJR cares enough to front up and do this interview - the Glazer rats never did anything like this.
He cares enough to recognise the state of the club and is trying to put it right, which means making hard decisions along the way. He also owned up to his feck up of keeping Ten Hag on in the summer.
He didn't make this mess (well, most of it) but he's doing what he can to clean up the catastrophic mess the Glazer rats left behind.
I say let him do what he needs to do. Maybe I'm just being hopelessly optimistic. But at least he is caring enough to do something. The rats would have just kept mismanaging us until we went bankrupt.