People REALLY need to stop obsessing over outcomes and not looking at processes. We have been mediocre at best for months now, just because we kept getting away with it doesn’t make it acceptable.
🗣️Rafael: "Fergie used to love Anderson. Once we were in a packed elevator and Anderson screamed, "Sack Tap!" and slapped Fergie on the nuts from below. We thought he would kill Anderson, but he laughed."
Yesterday we had scumbag billionaire Jim Ratcliffe who has dodged £4bn in tax by immigrating to a tax haven, blame immigrants.
And an almost billionaire Tesco CEO on £10m who doesn't pay tax in the UK come out and say he can't afford to pay workers.
It's US v these scumbags.
@Charlanardo Absolutely atrocious. The thoughts of a man who has become insanely wealthy because of others (majority of which I’m sure were immigrants) working hard!
🚨This is the message from the club, ie that ’money is tight’.
⚠️I need help here, because I want to answer it with a clear and concise message, because it is — very misleading — and Glazeresque, but I am not sure how to put it.
1. So, money is not ”tight” at MUFC. Why? That would indicate that the club’s financial situation could be sustainable if it was run on a strict budget. Like we have money, but we must be careful how we spend it.
2. MUFC does not have any money at all.
Like many other PL clubs, like many companies — MUFC needs and will sooner rather than later get a ’bailout’. Simply support from its owners. All other football clubs get this from time to time, because owning a football club is an expensive hobby.
Like, this is not ”wishful thinking”, it is not a nice to have. It can come in many shapes or forms — but it is 100% a given. And like I said, it happens all the time in football.
For example: Everton very recently received £233m plus £450m for a total of £683m from its owners. The club simply needed that money to have a chance to operate in a meaningful way and service the new debt for the new stadium.
But why are the owners giving money to a club? Think of it as a luxury car that is worth £100k and have accumulated parking tickets and been seized. After all fees and interest, you must pay £10k to get it released. Everyone would pay 10k to get 100k.
3. Why do I say that MUFC is in this position?
Very roughly, the club can turnover around £600-800m in a year. 65-70% of that must go to the squad to even remotely be competitive. £150m goes to just keeping the lights on. When winning the treble, Man City made a profit of £120m with no finance costs.
To put it like this — MUFC making a profit of £80m in a season before financing costs and repayments of loans would be an amazing accomplishment.
The club is over £1 bn in financial and transfer debt. The club owes its stadium £0.8bn / £3bn (ie a paint job vs a new stadium).
The cost of debt is counting low £60m per billion owed. The plan is to build a new stadium, the cost for 3bn debt is £180m per year.
It is very simple indisputable math — that even if the club is firing on all cylinders going deep in the CL — it will have a very hard time servicing a debt that costs more than £80m per year. And it is very much completely unrealistic to expect the club to ever pay off any debt in the current environment.
4. So why is the message from the club misleading?
Because it assumes that MUFC will not get a bail out.
5. But why is MUFC saying this, if it is not true? Because in a classic Glazer fashion, it is about count pennies. If we operate the club like it future depends on saving money, we will spend a little less and the bailout will be a little less more expensive.
I saw this a lot under Ole Gunnar Solksjaer.
I saw this a lot under Erik Ten Hag when he paired Kobbie Mainoo and Casemiro (in the season Casemiro was fat and out of form).
I saw this a lot under Amorim whenever he subbed off Casemiro for Ugarte or Kobbie.
Now I’m beginning to see it again under Carrick.
If this isn’t addressed next season, we will be in for a laugh and mockery next season.