"Keep trying to get involved"?
He's the Executive co-Chairman of our club. The board has the final say on any large expense (If I would guess, anything over 500k-1m) as well as the sale of any of our assets.
It makes sense to keep him involved so that it doesn't come as a surprise when we ask the board to sign off on it.
Finally some sense!
Why is it so hard to spend a few minutes and read our latest Q3 report? It’s all there in black and white. When you’re on it you can also read our latest annual report. Actually it’s educating and will give you some sort of understanding about our finances. But in order to simplify I can give you the short answer.
Manchester United can’t afford to spend €120m in this transfer window without major player sales.
In the end of Mars 2020 (Q3) our cash reserves was £90m. With Borussia Dortmund’s latest financial statement in mind then we can probably predict similar losses in our fiscal year end in June 2020.
So by all accounts we can probably expect a 50% drop in our cash reserves when Q4 is published. That will mean that MUFC probably have a transfer budget in the region of £50m excluding player sales, probably less.
Our match day revenue will take a £5m loss in every home game without spectators. We will be without incomes from our 2020 pre season tour. We have to rebate somewhere close to £20m in broadcasting revenues. Just to mention some of our decreasing revenues in season 2020/21.
Our revolving credit of £140m is to secure that the club can afford all these upcoming losses, so we can pay all of our daily expenses including wages a s o. We maybe maybe can use a fraction of this credit in transfer money, but probably not. Too risky in this financial climate. Only a fool would speculate in when the Pandemic ends when half of the world is under logistic restrictions.
The Glazer family can be accused of lot of thing but they are not the reason we don’t pay Borussia Dortmund €120m. This has nothing to do with incompetence or a foolish CEO.
Mark Goldbridge. Fabrizio Romano. Jan Aage something.. is playing with emotions and desperate hopes of getting Sancho. They ignore the financial reality and keep repeating comical figures because they know that some of you refuse to accept that MUFC can’t afford so much money without major player sales.
I don’t like the Glazers more then anybody else but that doesn’t mean that all they do is cynically and driven by greed.