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Thread: WOW Man Utd this canít go on itís killing football.

  1. #1
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    WOW Man Utd this canít go on itís killing football.

    Manchester United owe £969.6m through a combination of gross debt, bank borrowings and outstanding transfer fees with associated payments, according to new figures.
    Last edited by Lolmorgan; 30-03-2023 at 08:27 PM.

  2. #2
    Quote Originally Posted by Lolmorgan View Post
    Manchester United owe £969.6m through a combination of gross debt, bank borrowings and outstanding transfer fees with associated payments, according to new figures.
    Yeah, itís complete madness and one step closer to the start of a European super league. The only way for the big clubs to make enough money to stay solvent

  3. #3
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    Quote Originally Posted by Grist_To_The_Mill View Post
    Yeah, itís complete madness and one step closer to the start of a European super league. The only way for the big clubs to make enough money to stay solvent
    But they wont stay solvent though Grist even when the super league comes, and it will. Greedy agents and greedier players, and stupid people in charge of the money at the football clubs will just ramp up the spending, and stupid supporters will continue to allow themselves to be ripped off on season ticket and admission prices. UTM

  4. #4
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    Most people have credit much larger than their incomes.
    Man United could sell some of their players and half that debt. Is it really debt though?
    Any business of that size uses the banks money. The repayments are met and unless they donít make them theyíre in a good position.

  5. #5
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    Quote Originally Posted by Lolmorgan View Post
    Manchester United owe £969.6m through a combination of gross debt, bank borrowings and outstanding transfer fees with associated payments, according to new figures.
    There'll be all sorts of creative accounting going off here. One thing's for sure, it won't be for the benefit of the supporters or the football community. It will all be about evading tax (or whatever) and further lining of the pockets of the billionaire owners.

    I don't know why we should all be so shocked. It's pretty much what's going off with everything else in our lives so why not footy?

  6. #6
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    Looking at what Manchester United paid Agents/Intermediaries -

    1st February 2022 to 31st January 2023 - A sum of £24,726,374

    Dwarfed by -
    Manchester City - £51,563,571
    Chelsea Fc ------- £43,160,072
    Liverpool Fc ------ £33,691,782

  7. #7
    Quote Originally Posted by Ericsladkilnhurst View Post
    Looking at what Manchester United paid Agents/Intermediaries -

    1st February 2022 to 31st January 2023 - A sum of £24,726,374

    Dwarfed by -
    Manchester City - £51,563,571
    Chelsea Fc ------- £43,160,072
    Liverpool Fc ------ £33,691,782

    And then there are tax loopholes

    https://www.taxpolicy.org.uk/2023/03/30/football/

  8. #8
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    The Glazier family financed their original purchase and subsequent operating costs, transfers etc via borrowing rather than having finances in place
    Thatís why the manu fans hated them so much because they knew it was built on quicksand and they were looking to make serious profits out of them.
    They now look as though they are going to make billions on the sale without ever putting their own money in ( if they ever had any)

    I suppose the key thing is who pays off the debtsÖ.the Glaziers from their windfall sale before they leave or the new owners have to service the debt? Depends on the details in the terms of the sale

  9. #9
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    Chelsea and Liverpool and others aren't far behind Man Utd. Doesn't matter what they owe in total, so long as the interest is paid each month then the banks are happy with that arrangement as they are raking it in from them all.

  10. #10
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    Not forgetting the Glaziers had dividend payments before out of the club, but decided against it this financial year, perhaps fearing a backlash if they did.

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