Is Ratcliffe a Brexity "British spine" but pays tax in another country sort?
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Felching ≠ Gerbilling -
****in perfect for that lot then.Comment
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From Swiss Ramble
Transfers
Manchester United spent £215m on bringing new players to the club in the first half of the season, almost entirely during the summer transfer window. This is their third highest outlay ever, though lower than last season’s £247m, which was their highest ever gross transfer spend.
This included the big money signings of Rasmus Hojlund from Atalanta, Mason Mount from Chelsea and André Onana from Inter. They also brought in Altay Bayindir from Fenerbahce for a small fee, while Jonny Evans returned to Old Trafford from Leicester City on a free transfer.
In addition, Sofyan Amrabat and Sergio Reguilon arrived on loan from Fiorentina and Tottenham Hotspur respectively.
This sizeable outlay means that United have splashed out an incredible £2 bln since 2013. In other words, the club has clearly spent a lot of money, but not as well as their fans would have liked.I make no apologies, this is meComment
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Financial Debt
United’s net debt increased by £173m in the first half of the year from £537m to £710m, as gross debt jumped £160m from £613m to £773m, while cash fell £13m from £76m to £63m.
The £773m gross debt is the highest amount owed since 2010\
Interest
In fact, before this repayment, United’s interest payment increased from £14m to £19m in the first half, which is the clubs’ highest in recent years.
Since 2017 the club had been paying around £20m interest annually, but it shot up by more than 50% to £32m in 2022/23, due to higher debt and increasing interest rates.
This means that United have now paid out a shocking £800m in interest since the Glazers’ leveraged buy-out in 2005.
I make no apologies, this is meComment
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Transfer Debt
United’s transfer debt shot up £62m in the first half from £277m to £339m, which is easily a club record, and means that this has increased by more than £200m in less than three years.
In other words, much of the high transfer spend has been on credit, i.e. paying transfers in instalments.
United are, in turn, owed money by other clubs for their player sales, but this only amounts to £52m, so net transfer payables are a hefty £287m.I make no apologies, this is meComment
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So in Summary £1.1b in debtI make no apologies, this is meComment
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I’m not sure how that fits in to the FFP obligations.Me, IComment
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It doesnt
The only thing that affects FFP is amortisation and any interest paid on borrowed money. A high level of transfer debt means that you are probably facing large amortisation amounts each year, or cash payments coming up, but its meaningless without a wider context. It could also mean they are managing their cash really well.
All of it depends on how much revenue they generate, and then having the cash available to pay those debts when the time comes. But cash levels and debt are irrelevant to FFP.
Ultimately it is proably about the Glazers having enough pocket money until they sell up. The level of support and revenue has been steady enough despite a lack of recent success. It continues to make enough money on a product they essentially got for freeLast edited by Charly; 23-03-24, 01:05 AM.In the beginning, Fowler created the Heaven and the Earth.Comment
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Ever since they beat us its been daily annoyance from my UTD friends. Screw you gakpo.Comment
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The highlight of their season is beating us. A sign how how far they have fallen from being regular challenges for silverwareFootball without Origi is nothingComment
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I remember the days when I'd be happy with beating United. Thank christ they're in the past, both those days and United.Comment
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Cunts are going to get a hammering when we play them in the coming weeks.Klopp on LFC vs MUFC (March 9th 2016) - "This is why I love football. This is why we watched it when we were young. I can still not have enough of it."
Always, keep your face to the sun, and shadows will fall behind you.Comment
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"That's how I found myself on the Kop that day I had my blue-and-white scarf safely tucked away inside my coat as I listened to Liverpool songs and swayed with the masses.
Then City scored and I screeched and this big bloke, a Liverpool supporter, made towards me and I thought he was going to throttle me. But he just pulled my scarf from under my coat so it lay on the outside, and said: "You should always be proud of your colours, lad."
Lee Chapman - Arsenal and England defenderComment
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