26 Aug 2020 19:47:30
I think we are lucky our owners/ board are not like Barcelona's,

They are on the limit with wages and a lot of aging players, look like they are in big trouble.

Really happy with Henderson signing hopefully pogba next, really can't see us spending any significant money as it just isn't there to spend.

1.) 26 Aug 2020
26 Aug 2020 19:56:35
How do you know the money isn’t there? We’ve seen Ed mention before the club has got cash and has withheld payments of debt to potentially use in the window. The window runs to October, we will see movement.

2.) 26 Aug 2020
26 Aug 2020 20:01:41
Our owners have used over £1 billion of the clubs own money to pay interest on the club they purchased for nothing.

Our debt has gone from £700 million to £350 million.

We do spend a lot but the structure we have in place is a shambles. They have the accountant that helped them buy our club as our chief executive.

Right now Barcelona are looking like their time at the top of European football is in jeopardy, but I'll have a guess that they'll win their league and maybe a European cup before we do.

Things can always be worse, that doesn't mean we have to settle for mediocrity.

3.) 26 Aug 2020
26 Aug 2020 21:07:44
I find it strange people want to praise our owners, then compare to Barcelona without understanding the ownership structure, without understanding, clearly without understanding what our ownership has done to our club. The Ed tells you our owners have nothing to do with the day to day running of the club, yet there are people on here praising them for not making the cleaners redundant.

Remember “debt is the road to ruin”? These owners brought the club into massive debt, in the clubs name to enable them to buy the asset. It has leaked £1.5B out of the club, owners who take Dividends. Yet the OP says we are lucky. Sarcasm of the highest order.

Mumbles, our debt went from ZERO to £350m, or actually more, because net debt is often quoted, if I could be bothered to read the accounts.

We were lucky when our owners arrived that we had the CO92, Rio, Rooney, Ronaldo. They have not given anything like the direction City’s or Liverpool’s have since then and keep supporting the banker who got them this club.

BigV, Don’t tell me we are lucky on the owner front, that is naive, at best.

4.) 26 Aug 2020
26 Aug 2020 21:19:35
Yeh. well lucky they are all fighting over football decisions. Whereas we are fighting are over money.

They are desperate to spend money on football, ours are desperate to line their own pockets.

5.) 26 Aug 2020
26 Aug 2020 21:55:10
Red Man. I meant they have only reduced the £700 million by £350 million yet the club has spent over £1 billion on interest payments.

I don't have one single iota of praise for the owners.

6.) 26 Aug 2020
26 Aug 2020 22:06:54
Mumbles

I know don’t worry

Not sure why, suddenly, at a time when there are frustrations at not yet spending to buy players, some suddenly think they need to give praise to our owners.

7.) 27 Aug 2020
27 Aug 2020 02:26:06
Wouldn’t it be nice if we actually analyzed United’s balance sheet before commenting that debt is a real issue? Any smartly runs business tries to understand what is the cost of equity vs. the cost of debt. Many, many times, it’s cheaper to have debt and service it (also saves tax) than raise money via equity . something which United did (and ironically the reason Glazers could do a takeover)

I am no glazers or woodword fan. I am a United fan. I would love to see them spend money that the club clearly has (again, it’s actually all in the open esp since they have listed) . Debt is not an issue.

8.) 27 Aug 2020
27 Aug 2020 05:56:54
If only Woodward and co. spent as much time on making good football related decisions as they seem to spend on getting people to do good pr for woodward and glazers.

9.) 27 Aug 2020
27 Aug 2020 06:49:25
FootballGoesinCircles

Leverage (debt) can be good for a business, but what it is used for is vital, therefore not in this case. Tell me, what benefit to the club was the massive debt foisted on it? I will wait.

Now we have the debt and say wished to borrow more to build the South Stand, do you think the existing debt would make it a) easier b) more difficult to borrow more. Lenders will consider the leverage we have, they may lend but it may cost more.

We now have to service a debt by paying interest, that is something we didn’t pay before the Glazers because we didn’t have debt, so please explain how having Outgoing expense in the business is better than no expense?

10.) 27 Aug 2020
27 Aug 2020 08:54:09
Spot on Red Man.
Our club is not taking the overall step up.

City on the other hand have made massive improvements to their academy and infrastructure.

11.) 27 Aug 2020
27 Aug 2020 15:26:53
Red Man - see, we do agree on some things 😁.

12.) 28 Aug 2020
28 Aug 2020 00:39:44
remember SAF coming out with no value in the market nonsense nearly all transfer windows under the Glazers ownership. looking at the clubs ambitions SAF and DG probably knew it was the right time to call it. always found it a bit odd two senior people walking out at the same time.