We all need to remember that the Glazers are here to screw as much money out of the club and us the fans as possible, any moves they make in the financial world are for their benefit and not the clubs. This club will always be saddled with debt as long as they remain owners, 550m app wasted our greatest player sold and not a penny of the fee invested thats the Glazers contribution to Manchester United
This recent situation with Morrison, Pogba and ,reportedly, Welbecks contract negotiations is a lot down to the Glazers policy of handling players contracts when they are entering their final year. It's a ridiculous policy and gives agents far more room to demand higher wages for their players.
I would be surprised to see Welbeck leave, he's still got 18 months on his contract iirc. The way he's playing at the moment he's more than worth the 50-60k he's asking for. Morrison was understandable as he's been in trouble with the law, giving him a long term contract would have been foolish considering how close he was to prison. As for Pogba I'm sure Fergie said United have a one year option to extend it similar to Berbatov? Was he lying? The Glazier's definitely are the root of most of the problems at the football club at the moment but there are mitigating circumstances in at least Morrison's case. Hopefully their US businesses go under in the next 3 months before they can get the Singapore IPO off the ground so they have no option to sell the club.
Yeah Welbeck won't leave - I'd also happily give him 60k a week though.
Yeah the sooner they leave the better. I know they don't interfere with Fergie but lets be honest - no owner would be stupid enough to. I know that other wealthy owners sack managers like theres no tomorrow but we don't know what the Glazers will do when Fergie leaves. They also might want instant success. I think I read somewhere that they have chopped and changed the coach of the Tampa Bay Buccaneers an awful lot in recent times which is worrying.
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Surely the opposite irishmanc?
The Welbeck story is a non-starter. Why spend 10 plus years at the club, finally become a regular starter then want to leave. Doesn't make sense.
We don't know the demands of Morrison and Pogba. They could be asking for a salary way above their age group for all we know, and if the case the club is correct not to bow down to their demands.
What's being reported is Pogba's demand is 45k per week and Morrison wants regular football. If that is the case the club is right not to offer them those terms. I'm still unsure on the Pogba stories because of what Fergie has said on it before. As for Morrison, I think he wants to stay at the club but is having delusions of grandeur about the stage of his career and his importance to the club. Welbeck will stay, simple as that.
The glaziers cause a lot of problems but it's still likely we would be in the same situation with Morrison and maybe Pogba if we were still a PLC or had been bought by the "Red Knights".
Yeah no sorry I was referring to the Glazers that I want to leave.Originally Posted by Sideshow Bob
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Puts a little bit more pressure on the Glaziers. I think the Singapore IPO will be the beginning of the end for Malcolm and his cronies, hope I'm right.
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Had a talk about the Glazers in the pub last night. Regardless of what happens in the title race and whether we sign anyone in January I think the protests will pick back up over the coming months. If you think about where the club would be without debt, it's quite sad, OT would probably be 90k+, there would be no problem with competing for best players, and while I don't think the club should held ransom by players to get more money that would also be no problem. I don't think it's true about Welbeck but if the club are unwilling to pay him 60k a week, there's big problems.
Not sure the protests will do much, the only thing the Glaziers listen to is money. I think their willing to sell it's just nobody's willing to pay their $2billion asking price in the current economic climate. The Singapore initial public offering will loosen their grip on the club, reports back in August said they were looking to sell 1/3 of the club but with limited voting rights. Problem is if the Glaziers leave who comes in after them? Could be someone just as bad. The main goal is to get an owner who makes the club debt free.
My ultimate wish is that the league or govenment would bring in legistlation which promotes ownership models similar to the German Bundesliga's 50+1 rule or association ownership but there is no sign of that happening (to be fair would be very difficult to instigate with the way most English club are set up currently).
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I don't know how much Old Trafford can be expanded by? (I'm asking rather than questioning). Ideally a second tier would be added to the south stand but there is the train line and the purchase of 30-50 houses is required.
I think the club already owns quite a few of those houses and the train line can be built over (United Road runs under the North stand I think). Pretty sure Fergie mentioned a few years ago that if the south stand had another tier added then it could effect the quality of the pitch but other clubs with similar sized bowl stadiums seem to do OK (Barca, Real, Milan) although in different climates. It would be expensive to expand it but is definitely possible to do so. With the south east and west quadrants expanded as well it would push Old Trafford past Wembley as the biggest stadium in the country.
As much as I don't agree with the Glazers ownership of the club, I think with regards to Pogba and Morrison, its more a case of the agents miss handling them, would like to see them both stay as they obviously have tons of talent.
This sale may have something to do with the reluctance to spend any money atm they need the books gleaming. Glazers do not give one sweet damn about the club or its fans their motives are purely financial gain and everything they do is geared to that, ever watch them attending a match here? bored out of their skins. They will leave eventually when they believe they can get the most for the club but god knows how much they will have wasted by then, hopefully the Govt act sooner rather than later to stop such parasites buying English football clubs again
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These deals that the Glazers are linking us to don't seem to benfit anybody but the leeches that own the club. The fans won't benefit and worse the football club won't, we are a bit of a laughing stock now when it comes to attracting big players. Only for the brillance of SAF god knows where these American football fans would be
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Staff costs have increased. Due to commercial team and increase in wages?
Not a clue how there's a 15% increase on staff costs considering Neville, VDS, Scholes all retired last season and we got rid of Hargreaves, O'Shea, Brown in the summer? Glazers probably paying himself a tidy wage. Cash reserves down by £80million in the last 6 months.... Suppose we just have to wait for andersred to explain it all but doesn't look like good news to me.
Staff costs going up might be because we're now seeing the effect of re-negotiated contracts for Vidic, Evra, Anderson, Rooney, Fletcher & Carrick who I believe all got new deals in the last 18 months. Also, bonuses for winning the league and getting to the champs league final whereas the year before we were runners up and went out in 1/4 finals. Also, Utd seem to be taking a new look at how we brand ourselves so I think the commercial department who broker all these deals have probably expanded a lot recently as Utd have started to regionalise sponsors rather than have worldwide sponsorship deals.
As for the cash reserves going down we did spend quite a bit of money in the summer Jones, De Gea & Young will cost the club around £50m but I'd be suprised if all that money was paid up front.
No doubt the Glazers will have syphoned off something into their pockets as well but the key stage for Utd will be when or if they decide to issue new shares will they be looking to sell off a stake in the club to buy back the bonds, will they pocket this money for themselves to cover the money they used to pay back the PIK loans secured against them and not the club or are they looking to cash in and run. Utd today is worth a lot more than they paid for it back in 2005 so they might see this as the tipping point and time to cash out.
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Valencia, Smalling, Cleverley and Chicharito also got new contracts. The staff increaces highlight the increases in wages. City's impact is telling in my opinion.
The debt seems to be manageable and is steadily decreasing. But what about the impact of the bonds?
Well the bonds are the debt all bank loans have been cleared the PIK's have been paid back.
Utd have been buying back the bonds at a reported 20% mark up on what they were issued with 2 years ago but by buying them back the interest bill every year should be coming down which is a good thing in terms of financial fair play. The quicker we buy back the bonds the better as every year we have to pay 8% interest on them until they mature in 2017 (I think).
The problem is even at the reduced £430m at the reported 8% fixed interest rate we still pay out £35m a year in interest on the bonds although this figure was £40m per year when the debt was £500m.
Basically we need to buy them back as quickly as possible to reduce the wasted money on interest but at the same time make sure the club maintains performances on the pitch. The one thing the Glazers do understand is that in order for the club to make money they have to have a winning team on the pitch.
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