Majima
Full Member
The commercial growth we've made under Woodward has been severely overrated. We had the highest commercial revenue before Woodward & Glazers. Since then, we've had the lowest growth % out of the top 6.
The record revenues have coincided with unparalleled TV deals. At a time where TV deals are at their highest. All the clubs are growing rapidly... what are we doing? The commercial & matchday revenues have been flat for the past 3 years. We are relying on the ever increasing TV deals to fund our annual wage increases. We have the highest wage bill in the league. A squad full of overpaid mediocre British players & overrated mercenaries who struggle to finish 4th. So we're not even getting what we paid for.
Our Adidas deal will drop by 30% next season if it goes similar to this last one (which is likely). So that's another expected drop in revenues.
So the revenues are not being used to lower the debt, that they put onto the club in the first place. But they can take their annual £22m dividends.
All we serve for is yearly dividends it seems. He, along with the Glazers don't care one bit about the club's future.
That's without getting onto the football side of things, which has been disastrous to say the least.
A trained monkey could have produced similar results to what Woodward has achieved.
The record revenues have coincided with unparalleled TV deals. At a time where TV deals are at their highest. All the clubs are growing rapidly... what are we doing? The commercial & matchday revenues have been flat for the past 3 years. We are relying on the ever increasing TV deals to fund our annual wage increases. We have the highest wage bill in the league. A squad full of overpaid mediocre British players & overrated mercenaries who struggle to finish 4th. So we're not even getting what we paid for.
Our Adidas deal will drop by 30% next season if it goes similar to this last one (which is likely). So that's another expected drop in revenues.
"Jamie Jackson, Guardian" The borrowings of the 20-times champions remain at £487m despite the American family having purchased United in 2005 for a debt of £525m. This means that less than £3m a year has been paid off since, with the cost of serving the debt amounting to £24m a year.
So the revenues are not being used to lower the debt, that they put onto the club in the first place. But they can take their annual £22m dividends.
All we serve for is yearly dividends it seems. He, along with the Glazers don't care one bit about the club's future.
That's without getting onto the football side of things, which has been disastrous to say the least.
A trained monkey could have produced similar results to what Woodward has achieved.
Last edited: