With the new season about to kick off, multiple record holder @Erling Haaland has been presented with certificates recognising his extraordinary football career highlights so far ⚽🏅https://t.co/JcapYcxNEc
The most surprising discovery from the dive into the financials of Manchester United Football Club has been the growing scale of deferred transfer fees.
They have expanded from £136m to an estimated £406m in the last 5 years, currently running at approximately 2 turns of EBITDA.
It's treated as 'off-balance sheet debt', despite the fact it's clearly borrowing from tomorrow, to improve the playing squad today.
It works the other way too, so clubs also sell players with deferred transferred receivables, which can partially offset the deferred payable on a net basis, however:
- The big clubs, and especially Manchester United have been net spenders, where the payable will naturally exceed the receivable.
- Some clubs also borrow against deferred transferred receivables. I.e. Sell a player for £40m; £10m today, £30m deferred. Then borrow £25m today secured against the £30m receivable (with a finance cost of £5m). More off-balance sheet debt....
This is not a new phenomenon, but the extent to which the total number has grown is new.
Less of an issue if the money is well invested:
Better players = better team = better league position = champions league = better broadcast & sponsor income = more future cashflow to pay down those deferred fees when they fall due.
But if it's invested badly, well the whole thing just works in reverse.
An Antony here, a Jadon Sancho there, a sprinkle of an Andre Onana and it seriously hurts near term cash headroom (and ability to invest), even if the headline FFP calculations look ok.
The June refinancing (particularly the bigger RCF) does add additional flexibility, but it's just more debt at the end of the day ... Things are clearly tight.
🚨 EXCL: Xavier Parker commits future to Manchester City by agreeing long-term deal. 16yo midfielder among best & most coveted young players in Europe but staying with #MCFC - will sign scholarship before moving to pro contract when turns 17 @TheAthleticFC https://t.co/cd8fOZ4QDC
27 years ago Rupert Murdoch was not allowed to buy Manchester United, btw.
The Monopolies and Mergers Commission (MMC) investigated the deal for six months. They concluded that owning the club would "increase BSkyB’s already dominant market power over premium sports television channels."
So how is Jeff Bezos, who already holds a streaming license for PL games via Prime Video, allowed to bid for a football club?
Angel Reese says she didn’t have dolls that “looked like me” as a kid.
She was born in 2002.
Barbie has had black dolls since 1967.
Make it make sense.
Ben Affleck shares how he overcame his alcohol addiction. Says it is not “overpriced rehabs”.
“I hate to say it but the cure for addiction and the only cure I’ve seen is not these overpriced rehabs or these fraudulent fixes that are sold to people”
“The cure for addiction is suffering”
“You suffer enough and then something inside you goes ‘I’m done’”
🔴🔵 Luis Enrique déclarait dans son documentaire : « Il n’y a pas de temps pour "on va construire".
Construire quoi ? C’est quoi cette histoire de "je vais gagner dans quatre ans" ?
Dans quatre ans, je serai peut-être mort ! Il faut gagner maintenant. Tout de suite. Demain n'existe pas. » 🏆
Maybe it’s X algorithms — but my TL is full of criticism of the United Stands for being “negative” — I don’t get it?
🔺 I get that it’s not everyone’s cup of tea, nothing is, and especially not a edgy fan channel. At some point or another it surely upset quite a lot of people over the years.
🔺But — how — can someone being critical of Manchester United’s OWNER be seen as such a big problem? In hindsight — has there ONCE, after a summer transfer window, ever been reason to not be extremely critical of United’s owners since at least 2013?
🔺It is not ”thankful” to be negative during a summer transfer window. Look at mainstream media — this is why they NEVER are critical of people like Wilcox during a transfer window, it doesn’t generate clicks. They are critical of everything else, which formation the manager uses etc but I’ve never seen anyone at the Athletic or a major newspaper call out someone like Wilcox for not signing a left back.
If anything, people who care about United should be really thankful for The United Stands and Goldbridge — spending a full summer chasing United’s owner with a blow torch, holding their feet to the fire.
🔺I fairly regularly listen to TUS and also the Stratford Paddock. My son watched TUS all the time.
As a 44 y/o, who at various degrees over the years have followed United closely since the early 90s, and often been really concerned about a club I hold extremely dear — I think the fan channels are GREAT custodians of the coverage of the club. I really do.
🔺If I, as a concerned somewhat senior fan, evaluate the media landscape around MUFC — I am for example a heck of a lot more concerned about The Athletic, Sky and main stream media.
I love listening to Carl Anka, I used to subscribe to Andy Mitten’s fanzine in the 90s, Laurie Withwell is quality. The work they do is of fantastic quality. But would they EVER cover a subject that don’t score you brownie points with the club and the industry? Be really critical of the owners? Never.
🔺But is there really reason to scrutinize the owners of Manchester United? Isn’t everything fine now?
From around 2010 to late September 2022 I gradually followed United less and less. Got my first work after law school, had 3 kids, and I just had lost faith in the Glazers. But then I was all of a sudden spending 24 hours every other day with my son, who is a United fan, in a hospital. He was very fascinated with social media, YT especially but we started this account just for the fun of it.
Around United’s transfer business — there was so much talk about FFP. United put it out there — ”we can’t spend more, see FFP”. ETH was told it and repeated it in PCs.
When I look into it — it is clear as day that it’s a BS excuse to protect the Glazers. United could not spend more because it paid the owners debt and had no cash, not due to FFP. This was just said to protect the Glazers and con the fan base.
After a while, I realize that the talk about United paying fantasy wages under the Glazers compared to all rivals just stinks. Makes no sense. Why would we? Why would a KDB accept a fraction of the pay a Sancho gets?
So I check the factual wages paid by United, Chelsea, City, Liverpool and co and at the same time UEFA publish a Financial Landscape report showing how much each club pays non-player personnel. Again, it’s clear as day that United surprise surprise never has paid ”fantasy wages”. Our player wage bill was 3rd miles behind City and Chelsea from 13/14 to 17/18 when it dropped to 4th, and now it’s down to like 6-7. Every report about United paying fantasy wages was just nonsense.
That fact that the Glazers can come in and buy England’s biggest club, provide insufficient funding for it to be successful (as in handling a generational rebuild after Fergie and ever finishing in the top 2. The fact that we often finished outside the top 5-6 was on Woodward) and get away with lies of the opposite — is not satisfying.
I think scrutiny is needed.
@Furymaker_ I think it's in spite of him and thanks to Mourinho.
Actually looking to Mourinho career, talent profiling and detecting squad needs are one of his strengths.
Think RMA should keep him in the Sporting Director hierarchy when his spell ends.
6/26/26 A MONK SHOT IN COLD BLOOD
Outside the ancient walls of the Monastery of the Archangel Gabriel Abu Khashabav in Egypt’s Fayoum Governorate,
armed thugs opened fire on a Coptic monk , Fr. Yostos al-Naqlouni was riding in a pickup with the monastery’s steward, Fr. Azer al-Naqlouni, when two private security guards confronted them on land the monks have cultivated for decades.
One raised his shotgun and pulled the trigger. Pellets ripped into Fr. Yostos’s leg. He survived only by the grace of God.The monks themselves seized the gunmen and held them until police arrived.
The two suspects guards assigned to the disputed land were arrested and referred to prosecution.
Then the real outrage began. Instead of protection, the victims faced intimidation.
According to multiple accounts from the monastic community, monks were detained for days, deprived of sleep, and pressured even coerced into dropping their complaint and signing a “reconciliation” agreement over the very land where one of their brothers had just been shot.
This is not an isolated tragedy.
It is a pattern of systematic harassment.
In April 2026, the same monastery watched Egyptian authorities demolish 41 acres of farmland the monks had developed over twenty years injuring another monk in the process.
Now bullets fly, followed by bureaucratic coercion to silence the victims and surrender their rights.Egypt’s Coptic Christians one of the oldest Christian communities on Earth are being slowly strangled by land grabs, violence, and official indifference.
When monasteries that have stood for centuries dare to farm land they’ve stewarded for generations, the state response is too often demolition crews, armed guards, and pressure on the victims to shut up and accept it.
Official narratives speak of “private disputes” and “outside the walls.” The monks live the reality: fear, delayed justice, and the clear message that demanding protection will only bring more hardship.
This is how persecution works in the 21st century not always with mass massacres, but with shotgun blasts, bulldozers, sleep deprivation, and forced “reconciliation” that rewards the aggressor and punishes the victim.
The monks of Abu Khashaba have responded with the same ancient dignity that has carried their community through 14 centuries of trials. They love Egypt.
They want nothing more than to pray, labor, and live in peace on land they have watered with sweat and prayer.
But they will not accept bullets and forced silence as the price.
We demand a transparent, aggressive investigation not only into the shooting, but into the blatant intimidation and coercion that followed.
No more selective justice.
The persecution of Coptic Christians in Egypt is not ancient history.
It is happening now with gunfire, bulldozers, and bureaucratic knives in the dark.
When a government fails to protect its most ancient citizens with equal force and equal dignity, it does not stay neutral. It becomes complicit.
Demand real justice.For an Egypt where every citizen Coptic, Christian convert, and all is truly equal under the law.
Not just in speeches. In practice.
#,EndCopticPersecution
Equal rights or no peace.