@NathSalt1@ayolovesfutbal I donโt think heโs suggesting that. I think itโs just a legitimate business avenue now to profit from recruiting, developing and selling young players - something weโve been extremely poor at in recent years.
๐คทโโ๏ธ "Where was all this when Paul Pogba was getting slated left right and centre?!"
"If Florian Wirtz played for Man United, the way they'd be talking about him is mental!" ๐คฏ
#MUFC
It can't be understated Manchester United how badly has been run into the ground by the Glazers. I don't think fans fully comprehend the club's financial situation, let's summarise some key points shall we?
- ยฃ149.6m in the bank as of September, plus the ยฃ79m added by SJR. Cool, right? It isn't from liquidity, this money is from loans or INEOS investment. The cashflow was -ยฃ86m, -ยฃ44m the year before that.
- That's not to mention ยฃ319m in transfer fees owed, with ยฃ154m due within a year. The bill is coming due on a credit card the Glazers wore out using, not to mention the ยฃ230m owed on the revolving credit facility.
- ยฃ166m paid in dividends over a decade long period by the Glazers, with ยฃ790m of interest payments since their takeover.
- SJR has put in ยฃ237.5m as part of his agreed investment, which has helped. It makes no sense for him to put in more, because it strengthens the Glazers position as sellers of the club.
- Cutting costs & selling players is the only way to get money into the club in the short term until they can become Champions League quality club & restart cashflow
INEOS aren't angels, but they aren't the devil either. This will take time to run around. We knew it would take hard decisions - which we've already seen, but it'll be even more confronting when players are sold too.
The first step to fixing a problem is acknowledging there is one. And Manchester United's? It is sizeable.