Rolaholic
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Potential Sancho funds maybe?
whats happening with player contracts as well - have they been extended or are people free agentsDoes the transfer window open next week?
Potential Sancho funds maybe?
It was in our quarter accounts.Who has access to that sort of information? I know the club is on the exchange, so maybe it's made public when a transaction like this occurs?
Just don't understand how any journo would get wind of this. It's not your typical 'transfer tweet'
We literally announced it in our recent financial postings, they said the money has been taken out since then so hasn't been recorded yet.Who has access to that sort of information? I know the club is on the exchange, so maybe it's made public when a transaction like this occurs?
Just don't understand how any journo would get wind of this. It's not your typical 'transfer tweet'
https://uk.reuters.com/article/man-...-loan-for-potential-player-buys-idUKL8N2D92F1Who has access to that sort of information? I know the club is on the exchange, so maybe it's made public when a transaction like this occurs?
Just don't understand how any journo would get wind of this. It's not your typical 'transfer tweet'
Manchester United said it precautionarily drew funds from the RCF to increase its cash position, preserve financial flexibility and maintain liquidity during the crisis.
LONDON, May 27 (LPC) - Premier League football club Manchester United has drawn £140m of its £150m (US$184.34m) syndicated revolving credit facility (RCF), which could potentially be used to fund player acquisitions, after the club’s operating cash flows were hit by the Covid-19 crisis.
Government restrictions have seen all top-flight football games suspended in the UK since mid-March, heavily impacting broadcasting and matchday revenues. Based on government guidance and agreed medical protocols, play is expected to resume in June.
Manchester United said it precautionarily drew funds from the RCF to increase its cash position, preserve financial flexibility and maintain liquidity during the crisis.
The secured RCF, which matures in April 2025, pays a margin ranging from 125bp to 175bp over Libor/Euribor, depending on leverage.
Bank of America is facility agent and security trustee on the revolver.
Historically the RCF has been undrawn during the summer transfer window, but if the club looked to buy players with values substantially more than the players being sold, it could use cash from the facility to meet its needs.
Manchester United’s main cash requirements stem from the payment of transfer fees, capital expenditure for the improvement of facilities at Old Trafford and the club’s training complex, payment of interest on borrowings, employee benefit expenses, and the payment of dividends.
These expenses are normally met through a combination of operating cash flow and proceeds from the transfer fees.
Despite the crisis, Manchester United will pay a US$0.09 per share cash dividend on June 3.
The club also has US$425m of senior secured bonds maturing in June 2027 and a US$225m secured term loan facility maturing in August 2029. ($1 = 0.8137 pounds) (Editing by Christopher Mangham)
Ah thanks for the detailed reply. Interesting.https://uk.reuters.com/article/man-...-loan-for-potential-player-buys-idUKL8N2D92F1
so Manchester United said it themselves - and they also said its not for transfers - though "Utd report" decided to ignore that part in the tweet which is pretty clickbaity
I'm guessing we have lost tens of millions in terms of TV revenue and matchday revenue we may have to return some money to sponsors as well so it makes sense to have cash on hand possiblyAh thanks for the detailed reply. Interesting.
Not sure what they would be freeing up that sort of cash reserve for other than a clubs biggest annual outlay which is transfers.
You wouldn’t normally make a transfer like that for general things like staff payroll etc, so what else could it be for?
Potential Sancho funds maybe?
It might but that tweet has nothing to do with it.It's happening.
I just read through the text and I can’t see where it says the funds are not for transfers? Doesn’t it sort of say the opposite here: ‘Historically the RCF has been undrawn during the summer transfer window, but if the club looked to buy players with values substantially more than the players being sold, it could use cash from the facility to meet its needs.’https://uk.reuters.com/article/man-...-loan-for-potential-player-buys-idUKL8N2D92F1
so Manchester United said it themselves - and they also said its not for transfers - though "Utd report" decided to ignore that part in the tweet which is pretty clickbaity
I just read through the text and I can’t see where it says the funds are not for transfers? Doesn’t it sort of say the opposite here: ‘Historically the RCF has been undrawn during the summer transfer window, but if the club looked to buy players with values substantially more than the players being sold, it could use cash from the facility to meet its needs.’
Or am I reading this wrong?
cashflow basicallyLONDON, May 27 (LPC) - Premier League football club Manchester United has drawn £140m of its £150m (US$184.34m) syndicated revolving credit facility (RCF), which could potentially be used to fund player acquisitions, after the club’s operating cash flows were hit by the Covid-19 crisis.
Government restrictions have seen all top-flight football games suspended in the UK since mid-March, heavily impacting broadcasting and matchday revenues. Based on government guidance and agreed medical protocols, play is expected to resume in June.
Manchester United said it precautionarily drew funds from the RCF to increase its cash position, preserve financial flexibility and maintain liquidity during the crisis.
20 years of age, with most of the top clubs in europe interested in him, and still manage to start the after-corona-season unfit and "overweight".. Not promising in my opinion. His talent is undoubted, as Grealish, but their mentality is worrying.
Watch France when you get a chance. Pogba could easily play with a Sancho typeWould you rather give Sancho a free role at United or Pogba?
I feel we can't have both in the same lineup. I'd go with....
Martial
Rashford Bruno Sancho
Fred McTominay
New LB Maguire Tuanzebe AWB
De Gea
Move Pogba on. He had his chances to become a real player.
„Mundo Deportivo“ berichtet nun, dass es im Klub Gedankenspiele geben soll, Mega-Flop Alexis Sanchez (31) anzubieten und damit die Sancho-Ablöse drücken zu können!
Would you rather give Sancho a free role at United or Pogba?
I feel we can't have both in the same lineup. I'd go with....
Martial
Rashford Bruno Sancho
Fred McTominay
New LB Maguire Tuanzebe AWB
De Gea
Move Pogba on. He had his chances to become a real player.
That midfield won't create enough chances.
This is an unprecedented time we're living in where football may well have been secondary to just keeping his head above board in terms of mental health. He's also young and inexperienced as a human being as a whole, let alone a professional footballer, which should be considered, too, on top of that, he's in a foreign country, where, even if he is settled, he's not likely to have the default creature comforts he would do.20 years of age, with most of the top clubs in europe interested in him, and still manage to start the after-corona-season unfit and "overweight".. Not promising in my opinion. His talent is undoubted, as Grealish, but their mentality is worrying.
Ronaldo is a vain narcissist who will, without a doubt, be in tip-top condition in retirement. His commitment whilst playing is exemplary, but I very much doubt it's the sole motivation or reason he looks the way he does.Sort of a harsh judgement but when you think about players who are 100% commited to their shape like Cristiano you can spot the difference. Guy has never been overweight for a day in his life.
That midfield won't create enough chances.
Watch France when you get a chance. Pogba could easily play with a Sancho type
That midfield won't create enough chances.
Ffs, Pogba isn’t a real player now?Would you rather give Sancho a free role at United or Pogba?
I feel we can't have both in the same lineup. I'd go with....
Martial
Rashford Bruno Sancho
Fred McTominay
New LB Maguire Tuanzebe AWB
De Gea
Move Pogba on. He had his chances to become a real player.
He was our top scorer and assister last season...from midfield.He hasn't played like that for us. How long do u wait for maturity at club level?
Cheers Stevie Wonder
It did OK the past 15 games without Pogba.
And that was without adding Sancho. We'd survive.
Yes but it's happening anyway because the tweet fits my agenda.It might but that tweet has nothing to do with it.
That tweet paints a false narrative.
Rashford——————-Sancho
——————Fernandes
—-Pogba————————McT
———————-Fred
Shaw——————————-Awb
———Maguire—-Lindelof
Giving him Pogba is a bit much. Would that even be legal?Would you rather give Sancho a free role at United or Pogba?
Would you rather give Sancho a free role at United or Pogba?
I feel we can't have both in the same lineup. I'd go with....
Martial
Rashford Bruno Sancho
Fred McTominay
New LB Maguire Tuanzebe AWB
De Gea
Move Pogba on. He had his chances to become a real player.
Potential Sancho funds maybe?