Laurie Whitwell @lauriewhitwell
United’s 4th quarter results: Record full-year revenues of £661.8m but net losses up to £113.2m, due in part to increased investment in squad.
One-off exceptional costs of £47.8m related to the strategic review.
Club reiterate commitment to PSR rules.
4th quarter results
posted on 11/9/24
The club will pay for the damage Ed and the Glazers have done to the club for a few more years yet.
posted on 11/9/24
comment by Vidicschin (U3584)
posted 12 minutes ago
The club will pay for the damage Ed and the Glazers have done to the club for a few more years yet.
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Agreed.
Don't forget the PL too. They are hugely culpable in all this. They should never have allowed the leveraged buyout to start with. They should have told the Glazers to cough up their own money or load the debt onto themselves or we aren't agreeing to the deal.
The brown stuff was always going to hit the fan post Fergie.
posted on 11/9/24
Man Utd wage bill has risen 10% to £364.7m for last season - still below Man City, Chelsea and Liverpool's for 2022/23
posted on 11/9/24
"The results aren't good but we're making moves to rectify them" said Sir Jim "Now, let's see those financials"
posted on 11/9/24
Since Manchester United was acquired in 2005 the Club has made cumulative pre-tax losses of £483m and paid net interest costs on loans of £969 million.
https://x.com/kieranmaguire/status/1833838033268851127?s=46&t=bPTrpdgNggCdz9igvhmVyw
posted on 11/9/24
One-off exceptional costs of £47.8m related to the strategic review.
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wtf is that?
posted on 11/9/24
comment by Boris 'Inky’ Gibson (U5901)
posted 9 minutes ago
One-off exceptional costs of £47.8m related to the strategic review.
========================
wtf is that?
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A not to be repeated cost, coming in at less than £50m, linked to a game plan evaluation but that's not important right now.
posted on 11/9/24
comment by Boris 'Inky’ Gibson (U5901)
posted 36 minutes ago
One-off exceptional costs of £47.8m related to the strategic review.
========================
wtf is that?
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Payment to the Raine Group for brokering the SJR investment?
posted on 11/9/24
comment by Barf Vader (U15867)
posted 2 hours, 47 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 36 minutes ago
One-off exceptional costs of £47.8m related to the strategic review.
========================
wtf is that?
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Payment to the Raine Group for brokering the SJR investment?
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More to the Glazers wasn’t it?
posted on 11/9/24
comment by Tyranny of the majority (SE85) (U21241)
posted 8 hours, 18 minutes ago
Debt is the road to ruin. Glazers out.
Sadly doesn't look like any debt will be paid off any time soon either given the talks of a new 2bn stadium. It's only going to get worse.
Might end watching Salford every week when we go bust. 😂
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2bn in manchester? buy half the city for that no?