Man United Report Loss Of £70 million

[Portals_Bear_Blue]

As title, due to covid. Unsustainable even for these clubs

 

[SpectraBear]

i dont see it as that bad for a club at that level when their current debt is like half a billion

 

[Dogbert]

As above, it's the bigger risk for those needing to sustain debt repayments (just like the East End mutants).

 

[Mr_Miscellaneous]

The owners took out well over £100m from the club last year in dividends and loan repayments (to them from the club)

 

[Bobans27]

Man Utd fans should be angry with their corporate structure. So much dead money each year on interest to American Banks and management fees for the Glazers, run by the banker that set the ownership deal up in the first place.

 

[Laird of lerwick]

There will be a lot worse to come from other clubs.
big changes will be required to keep clubs viable.

 

[Souness86]

 

[1690]

Pennies for them surely.

 

[Broxbound Bear]

Man Utd fans should be angry with their corporate structure. So much dead money each year on interest to American Banks and management fees for the Glazers, run by the banker that set the ownership deal up in the first place.

Good news for them really since they always seem angry. We all know how much they hate themselves and everyone else. We actually deserve a special mention there.

On the morning after the night before me and my brother were at Picadilly Station. Came across a rave kid who looked at us open mouthed, wide eyed asking "What have you done to our city?"

We didn't really have an answer, just stuck our hungover arses on the train back up the road. What a night though.

 

[Dbear 65]

Worst run club in the EPL.

 

[GallowgateBlue]

Less than one Harry Maguire lol

 

[DavieM]

The money making scheme appears to have hit the buffers for the crooked owners. Guess you can only milk it for so long ...

 

[FIFTY5]

Why Woodward is still in a job is one of life’s great mysteries.

 

[TerrySilverLoyal]

Shouldn't have bought a carthorse for 80 and then they would have turned a profit

 

[Earl of Leven]

In fairness to the Glazers (!!!!!) it is 'only' £250m net since 2005....according to them.

 

[TW1988]

As title, due to covid. Unsustainable even for these clubs

Is that the Harry Maguire fee? Lol

 

[tottie beck]

They’re looking at the possibility of another season without CL money, possibly any European football at all, on top of that.

No wonder they are so desperate for a European super league.

 

[NDC bear forever]

The owners took out well over £100m from the club last year in dividends and loan repayments (to them from the club)

Took out £1.8b since buying the club in 2004.

 

[NDC bear forever]

Why Woodward is still in a job is one of life’s great mysteries.

He is doing a great job for the Glazers. Keeping things as cheap as possible

 

[Bulletproof]

Is that the Harry Maguire fee? Lol

And the rest...

 

[Mr_Miscellaneous]

Took out £1.8b since buying the club in 2004.

That's unreal.

That's about the amount that Manchester City have invested.

If I were a Manchester United fan, I'd be seething.

 

[IbroxForever]

Why Woodward is still in a job is one of life’s great mysteries.

Not really, he has helped the owners take out 100s of millions of pounds from the club.

 

[Arkanoid]

Nothing is it, could punt their loan/fringe players and recoup double that. Or %^*& off Pogba buy 2 quality replacements and clear the £70m

 

[Barrymoped]

Given they are worth over £2billion then it’s not a huge deal. They also missed out on Champions league football last season but are back in now so that’s a huge help.

 

[St Andrews Bear]

Sell the enigma that is Paul Pogba, I’m sure a club somewhere would pay that for him given the crazy fees for the big name players

 

[Smkz23]

Why Woodward is still in a job is one of life’s great mysteries.

it isn’t a mystery, he’s superb at the business side of running the club, despite everything their commercial revenue increased last year to £279m.

 

[RFC_Falkirk]

The owners essentially bought the club with the club's own money. They took on substantial debt to fund the takeover

More evidence that clubs should, at least partially, be owned by the support

 

[Livibear]

Good news for them really since they always seem angry. We all know how much they hate themselves and everyone else. We actually deserve a special mention there.

On the morning after the night before me and my brother were at Picadilly Station. Came across a rave kid who looked at us open mouthed, wide eyed asking "What have you done to our city?"

We didn't really have an answer, just stuck our hungover arses on the train back up the road. What a night though.

“Improved it, r kid”

 

[GourockBlue50]

SPFL will demote them to 4th division.

 

[Woodrow Call]

In fairness to the Glazers (!!!!!) it is 'only' £250m net since 2005....according to them.

Still spunked fortunes on players