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[Football] Man Utd - “run out of money”



Doonhamer7

Doonhamer7

Well-known member
Jun 17, 2016
1,284
Looking for some football gossip I ended up on Talksport.com (honest!), and they are quoted as saying that the worlds biggest club TM (R) etc etc Manchester United have run out of money (well Tim Sherwood said so). I did read elsewhere that they take £5-6m every match day - so may be some truth on cash flow. Anyway on a positive note that means our new striker is sorted we can take our pick of Greenwood, Martial or Rashford - I’m sure one of them could do a job (they can keep Sanchez of Ighalio)
 




Stat Brother

Stat Brother

Well-known member
NSC Patron
Jul 11, 2003
73,667
West west west Sussex
They haven't had any money for years.

If true, run out of more debt, might be a better phrasing.
 




Gazwag

Gazwag

5 millionth post poster
Mar 4, 2004
30,137
Bexhill-on-Sea
Doonhamer7 said:
Looking for some football gossip I ended up on Talksport.com (honest!), and they are quoted as saying that the worlds biggest club TM (R) etc etc Manchester United have run out of money (well Tim Sherwood said so). I did read elsewhere that they take £5-6m every match day - so may be some truth on cash flow. Anyway on a positive note that means our new striker is sorted we can take our pick of Greenwood, Martial or Rashford - I’m sure one of them could do a job (they can keep Sanchez of Ighalio)
Click to expand...

Greenwood would be the perfect replacement for Duffy off the football pitch
 


D

Deleted member 2719

Guest
Doonhamer7 said:
Looking for some football gossip I ended up on Talksport.com (honest!), and they are quoted as saying that the worlds biggest club TM (R) etc etc Manchester United have run out of money (well Tim Sherwood said so). I did read elsewhere that they take £5-6m every match day - so may be some truth on cash flow. Anyway on a positive note that means our new striker is sorted we can take our pick of Greenwood, Martial or Rashford - I’m sure one of them could do a job (they can keep Sanchez of Ighalio)
Click to expand...

Calling [MENTION=31]El Presidente[/MENTION]
 






S

Springal

Well-known member
Feb 12, 2005
23,830
GOSBTS


A1X

A1X

Well-known member
NSC Patron
Sep 1, 2017
17,758
Deepest, darkest Sussex
Have they really run out of money? Or have they just not got any left over after their parasitic owners have creamed off whatever they think they're due?
 




Change at Barnham

Change at Barnham

Well-known member
Aug 6, 2011
4,904
Bognor Regis
El Presidente's recent episode of 'The Price of Football' discusses some of the rescheduling of loans that have recently occurred with some top flight clubs and also an idea of some of the debt that is swirling about.
It all sounds like a recipe for disaster.

For anyone who hasn't yet discovered The Price of Football podcast has been missing out on some great information and also entertainment.
I can't recommend the podcast highly enough.

https://podcasts.apple.com/gb/podcast/the-price-of-football/id1482886394
 


Surrey_Albion

Surrey_Albion

New member
Jan 17, 2011
2,867
Horley
Stat Brother said:
They haven't had any money for years.

If true, run out of more debt, might be a better phrasing.
Click to expand...

I remember a few years someone on R4 money programme saying any company with the debt of Man Utd would have been wound up years ago
 


Bold Seagull

Bold Seagull

strong and stable with me, or...
Mar 18, 2010
29,789
Hove
Change at Barnham said:
El Presidente's recent episode of 'The Price of Football' discusses some of the rescheduling of loans that have recently occurred with some top flight clubs and also an idea of some of the debt that is swirling about.
It all sounds like a recipe for disaster.

For anyone who hasn't yet discovered The Price of Football podcast has been missing out on some great information and also entertainment.
I can't recommend the podcast highly enough.

https://podcasts.apple.com/gb/podcast/the-price-of-football/id1482886394
Click to expand...

Licker.
 






FatSuperman

FatSuperman

Well-known member
Feb 25, 2016
2,830
albionfan37 said:
Would a really huge club be “allowed” to just fold like a Macclesfield or bury? I’m kinda interested if there would be enough fan power to pay off the debts?
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Allowed doesn’t come into it, they wouldn’t be saved by the government as that honour is reserved solely for vulture-like sub-prime debt banks.

They’d go into admin, rename themselves Man Utd 2020 Ltd and take a derisory points deduction. Might not make Europe that year.

Unless the fans paid the debt... £200m I think. Would 2 million people worldwide pay £100 each? I highly doubt it.
 


El Presidente

El Presidente

The ONLY Gay in Brighton
Helpful Moderator
Jul 5, 2003
39,707
Pattknull med Haksprut
Mouldy Boots said:
Calling [MENTION=31]El Presidente[/MENTION]
Click to expand...

Cheers MB.

Manchester United had £90m in the bank at 31 March, since then they’ve arranged a £150m overdraft facility.

They will suffer from loss of Matchday income, works out at about £4m per game,. They’ve received their first instalment of TV money for 2020/21 from the PL as well as UEFA prize money for reaching SF of Europa League, so they’re not skint, just being cautious.
 




Bold Seagull

Bold Seagull

strong and stable with me, or...
Mar 18, 2010
29,789
Hove
El Presidente said:
Cheers MB.

Manchester United had £90m in the bank at 31 March, since then they’ve arranged a £150m overdraft facility.

They will suffer from loss of Matchday income, works out at about £4m per game,. They’ve received their first instalment of TV money for 2020/21 from the PL as well as UEFA prize money for reaching SF of Europa League, so they’re not skint, just being cautious.
Click to expand...

Forbes even using you now, it's like you're actually good at this stuff or something.

£8bn in interest and finance charges since the Glazers took over. Wow.

https://www.forbes.com/sites/bobbymcmahon/2020/05/21/manchester-uniteds-net-debt-more-than-doubles-to-523m-in-9-months/#4c5cb70c1af3
 


Lower West Stander

Lower West Stander

Well-known member
Mar 25, 2012
4,753
Back in Sussex
Surrey_Albion said:
I remember a few years someone on R4 money programme saying any company with the debt of Man Utd would have been wound up years ago
Click to expand...

Totally untrue.

Debt can only measured in the context of the ability to service it. Man Utd have a very strong recurrent free cash flow. Even allowing for lower match day revenue the club are comfortable.


Sent from my iPad using Tapatalk
 


Jim in the West

Jim in the West

Well-known member
NSC Patron
Sep 13, 2003
4,562
Way out West
Change at Barnham said:
El Presidente's recent episode of 'The Price of Football' discusses some of the rescheduling of loans that have recently occurred with some top flight clubs and also an idea of some of the debt that is swirling about.
It all sounds like a recipe for disaster.

For anyone who hasn't yet discovered The Price of Football podcast has been missing out on some great information and also entertainment.
I can't recommend the podcast highly enough.

https://podcasts.apple.com/gb/podcast/the-price-of-football/id1482886394
Click to expand...

Agreed - I'm staggered how they manage to do two high quality pods a week. Loads of great stuff and highly entertaining.
 










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