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Adlab-City could win 4-0,or 5-0 even.
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BSC’s aren’t that special, I’ve got one of them. I’ve even got an SSC too, you got one of them, Blueadder?
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Adlab – you do see the irony in putting up a couple of media articles, which you clearly donβt understand the gist of one and fail to notice the Chelsea debt not being shown on another, and then claim it was to stop people believing the media crap about Utd.
Take a look at the actual accounts. The 2017 year end accounts show a profit of Β£39m and a fall of nearly Β£50m in the net debt. A man of your qualifications should really not fall for media crap.
You really are full of waffle. Silly man.
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Chelsea owe Abramovic a fortune. Its debt not equity.
I was referring you to the latest accounts. But even looking at Β£39m profits what would that buy. Lets for a moment ignore the current losses.
Players purchased are amortised over the period of their contract.
Imagine a player is bought for Β£100m net of residual value and signs a 5 year contract. That means a charge each year of Β£20m. Given Utds profit and the devaluation of sterling making interest on debt more expensive, loans are in dollars, Β£100m spend is really the maximum. That means it is difficult to spend much more without an i rease in turnover which is of course possible.
The point I am trying to make is that spend is not limitless. There is also FFP!!Thats all I have to say. Goodbye
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Come on adlab, even someone with a basic understanding of accounts, let alone a qualified accountant, would know better than to base long term projections on one quarters accounts. Especially one where the major negative point that you are trying to make is based solely on an US tax rate change which has a negative effect in the short term and then should be positive for the club in the long term. You have taken the complete opposite view that the article itself concluded. Hardly objective. Seems more tribal nonsense than a professional opinion.
But then even your Β£100m projection is flawed. Β£39m a year for 5 years is a touch short of Β£200m. Nearly double your figure. That would exclude wages, which could be made up of players already left and those already confirmed who are leaving. (Ibrahimovic and Carrick). Add in the bloated squad would be trimmed so players on the fringe will be moved on (Mata, Rojo, Blind, Jones and Fellaini) and the wages are more than covered.
Mourinho has already said, on a number of occasions, that he prefers a smaller squad.
Doesnβt take a genius.
Add in the fact that last years Β£39m profit did not include CL income, increased TV money, extra PL prize money this year, additional sponsorship, soon to be shirt sleave deal and the revenue is only going up. Much as you want to close your eyes to it, but the future revenue for Utd is only going to increase. That increases profit and that will increase what Utd can spend.
Believe otherwise, but your flawed analysis is myopic tribalism rather than any professional opinion.
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Re Big Jim you certainly talk for me Ed come back Jim I love reading your posts and you not posting makes the site a lesser place.
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Adlab , Roman converted the debt to equity but the debt remains on the holding company Fordstam’s books which is owned by Roman. Not sure what it’s got to do with a City v United thread though? ?
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Why must we have this conversation all the time?
WHO CARES WHERE THE MONEY COMES FROM!
yes, it’s frustrating when a sugar daddy club outbids you but you’re talking about supporters of mega rich clubs who can afford to buy the best players in the world. BTW, yes Man utd are a mega rich club, debt means nothing. Apple have something like 50+ BILLION worth of debt (or something insane) but the are also the richest, most valuable company on the planet (or there abouts).. it’s really not worth having this discussion.
it doesn’t matter though when you’re talking about super rich entities and arguing about who’s money has less blood or sugar or whatever on it. What about it is interesting 33 games into a season? A club are currently 1 win away from the title, they have the best manager in the world and play some of the best football on the planet. Tomorrow (technically today) they go head to head with another brilliant team with one of the best managers in the world, who sets up his team to also play some really good, deadly and entertaining football. It says something about the team + manager + staff of the club that even though they go into it 3-0 down from the first leg, that they are not out of it. . . and not the bank balance.
If anyone has a stone to throw in this discussion, it’s none of the teams who’ve been mentioned in this thread.
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Great post, Mak.
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I’m not sure why anyone would attack United on revenues created and profits made especially as they are the best at both over many many years.
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Deleted Bxxxxy tablet!
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As a pauper on the outside with my nose pressed against the window, does that mean I can throw stones? π
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You can only throw apples and oranges,but not stones.Back to sleep now.
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Mak-Spot on pal,City fans should focus on celebrating winning 2 trophies[possibly 3?],not worry about United or any other team.Who cares whose money it is,right? They are all corrupt scumbags who should be attacked by Seans wasps and spiders on daily basis.
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