United's finances 15/16

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Sid
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6 months ago

Accounts for the year to June 30 2016

Turnover £515m (1st, the highest in the league)
Wages £232m (Highest in the league, 45% of turnover)
Profit before tax £49m (follows £4m loss in 2015)

Other teams https://www.theguardian.com/football/20 ... ub-by-club

It's not a huge profit considering the club is the richest in the fucking world, not enough to pile even more money into Mourinho's dodgy plan. But its more than any other team - more than City, Liverpool and Chelsea. Tbf Prem clubs' finances are a fucking state They're bringing in shitloads of money but it's all going out on ridiculous wages and inflated transfer fees - and the quality isn't really improving. When the TV money drops, the bubble will bust, the losses will be huge, the debts which no one is tackling will come to the fore, and it will crash hard like the 2008 economy.

Anyway it's good that wages haven't gone over 50% of turnover. But I'm not sure these figures include any of Jose's signings. They definitely don't include Sanchez, Rom, Lindelof and Matic. I would imagine we've gone over 50% with those cunts, which might explain why we're looking at offloading a big star like Pogba as selling young squaddies like Rashford, Shaw and Martial won't compensate the wages of 3 senior first teamers in Rom, Matic and Sanchez.

But few will reply to this because finances aren't popular at the minute. Everyone thinks everything is rosey because of the massive TV deals.
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Lazarus
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"When the TV money drops, the bubble will bust, the losses will be huge, the debts which no one is tackling will come to the fore, and it will crash hard like the 2008 economy."

That's true but all the big earners at the club will walk away protected so they don't give a fuck. Just like the bankers, shareholders..... ffs Hammonds selling the fucking shares in RBS for a loss of 2 Bill.
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Sid
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6 months ago

Lazarus wrote:
6 months ago
"When the TV money drops, the bubble will bust, the losses will be huge, the debts which no one is tackling will come to the fore, and it will crash hard like the 2008 economy."

That's true but all the big earners at the club will walk away protected so they don't give a fuck. Just like the bankers, shareholders..... ffs Hammonds selling the fucking shares in RBS for a loss of 2 Bill.
Aye the Glazers will be safe, they'll sell up and jump ship with a wodge having used United to increase their wealth. They must have taken nearly 100m out by now. Not bad for 13 years of ownership. It's just plain mismanagement how they haven't tackled the 400m + debt during this era of massive TV riches. The boom won't last forever.
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bman2
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6 months ago

Wishing don't make it so. Onwards and upwards.

https://amp.ft.com/content/80b6c862-6a3 ... 230fa67aec
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Sid
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Yeah that's bullshit. Not that the Prem was ever fair, but now it really int.

All it will mean is that we'll pay even more for average players and the Prem will become less competitive, which is / was its original selling point and the reason it became a monster in the first place.
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Sid
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Scudamore is stepping down. Now that's going be interesting. He oversaw the vast expansion of the Prem and the crushing of other leagues. They'll be shitting it in case the success goes with him.

Also Amazon have bought 20 Prem games for an undisclosed fee. They're going to stream em to Prime customers. Interesting development. They reckon that's the future of football consumption. It's not the huge amount of games the money men were hoping they'd bid for.
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bman2
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Woodward has already spoken about the future being streaming. He was talking about United as a "content provider". Sounds like their vision is a global United-branded streaming thing. City are testing the waters with Netflix and their behind the scenes stuff.

That all might sound off-putting, but to be honest, I can maybe see some upside, as a supporter, in Woodward talking about the club as a "content provider". The implication is that the content has to be worth watching. The ship's sailed a long time ago on United being a being international brand, let's at least have the business model be based on decent entertainment and good football.

Which is why he'll have a flutter on Bale or Griezmann this summer. Can't let Shitty steal the Manchester brand, the fine distinctions between one club or another I'm sure are lost on the punters out in Guangzhou Province.
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Sid
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6 months ago

Aye it sounds like the top clubs want to sell their streaming rights individually so they can charge more. Again, another way to make the Prem even more unfair. They're going to shit on the very thing that makes it the most popular league in the world. People tune in to see Stoke have a go at City and beat em. But you could argue that's already gone tbf with City pulling miles away from everybody else. They only lost twice. No one can match their resources. We don't have the wealth of an entire nation to spend on our club.
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Sid
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4 months ago

It's not football for the working class anymore. We have less money in our pockets as wages stagnate and fall, while the clubs charge even more for their shite.
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