The Sir Jim Ratcliffe Era

jsp said:
I don’t think that’s the case at all. From day one the Glazers didn’t care about the fans or on field performance, 1st or 17th they just wanted their dividend paid on time.
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Yes but that required fans, TV schedulers and sponsors to engage, which required semi regular champions league and the sense this was a big important club and not Aston Villa. There's a reason they had sack clauses for every post SAF manager who failed to get fourth place. But they had to give up on that once it became unrealistic. Eventually the club lost credibility, at which point the shares started losing their future value.
jsp said:
Utd’s budget was always based on being a CL club. For 10 years that was guaranteed for them so their model worked. For the next 10 it hasn’t been and that’s caused major cash flow problems as spending has carried on at a CL level and now all the money is gone.

INEOS have put the maximum amount in that is allowed under PSR - £90m. On top of that they’ve put £50m into redevelop the training ground which doesn’t count for PSR. All in they’ve put about £220m of cash into the club to start fixing problems. They aren’t going to put more in until the Glazers agree to sell the rest of their shares.
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What's needed is a new stadium that can generate more PSR allowed revenue. And no that won't happen as long as the Glazers remain. The Qatar buyout (if it was real and I think it was) would have been much better from that point of view.
jsp said:
As for the sugar daddy you want something that doesn’t exist. Find me a multi billionaire that isn’t a parasite or narcissist.
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City? Newcastle? Sure they're playthings for sportswashing Arab states but at least they pay well.
 
tripleglazed said:
City? Newcastle? Sure they're playthings for sportswashing Arab states but at least they pay well.
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Are you suggesting that these owners aren’t parasites or narcissists?

Both owners are currently jacking up the prices on the fans for tickets.

Both run countries on a dictatorship where any dissent is stamped down on with severe penalty.

I’d rather the club went bust than be at the mercy of people like that.
 
jsp said:
Are you suggesting that these owners aren’t parasites or narcissists?

Both owners are currently jacking up the prices on the fans for tickets.

Both run countries on a dictatorship where any dissent is stamped down on with severe penalty.

I’d rather the club went bust than be at the mercy of people like that.
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Exactly what stopped me wanting the Saudi's to take over the club, and the reason I wont watch a single world cup game played in Saudi if it goes there and I'm still alive!
 
City and Newcastle are run miles better than united. And their owners seem to actually care about the club.

We've got a pair of C's running our club
 
Ratcliffe, the Glazers and then the Middle Eastern regimes are two cheeks of the same arse. It's like asking whether you'd prefer to have both your legs broken or both your arms as to who you'd rather have involved with your club.
 
jsp said:
Are you suggesting that these owners aren’t parasites or narcissists?

Both owners are currently jacking up the prices on the fans for tickets.

Both run countries on a dictatorship where any dissent is stamped down on with severe penalty.

I’d rather the club went bust than be at the mercy of people like that.
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Yeah they're much worse in every other way and I don't want them. But they would be financially better.

Rentier capitalism or sports washing humans rights abusers. Not great, is it?
 
Mr C said:
City and Newcastle are run miles better than united. And their owners seem to actually care about the club.

We've got a pair of C's running our club
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More than a pair, it's just only those two that are front and centre of the financial mess we are
 
Radcliffe was seen a lot more at first when he came in now he’s gone into the shadows, is he regretting it?
 
12% is a lot but not surprising, a club needs continued success to keep the money coming in.
 
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A drop in revenue would have been expected it's basically the difference between being in the Europa League and Champions League.

Revenue will likely be up in the 3rd quarter as we will still have Europa money coming in whereas last year the European income ended when we went out of Europe.

Sacking Ashworth cost £4m.
 
Sideshow Bob said:
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I’m lost for words, some still think the Glazers weren’t that bad.
It could finish the club off eventually if not addressed soon, Radcliffe must be mad getting involved with those parasitic rats.
 
JammyRed said:
I’m lost for words, some still think the Glazers weren’t that bad.
It could finish the club off eventually if not addressed soon, Radcliffe must be mad getting involved with those parasitic rats.
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It's still astonishing to me to this very day any of it was even allowed to happen.
 
JammyRed said:
Think I read a while ago that it wouldn’t be allowed to happen theses days as classed as a hostile takeover
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It was a leveraged buyout, not banned on the stock exchange, any buyout now has to be backed by a cash investment, not loans secured against the company being bought..
 
The Premier League now has rules to limit what owners can do.

You can only leverage 65% of the value of the club as debt.
 
Why would PL owners vote for rules that make it harder to sell the club? If you own a club and decide you want to sell the last thing you want is a load of blockers in your way for potential buyers.

This is the big problem with the Premier League it is run to suit the agenda of the 20 club owners it is not run in anyway to protect the wider interest of the fans or the game as a whole.

I'm actually surprised they've agreed to these rules.
 
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I couldn't pick Katie Zelem out of a line up so I'm with Sir Jim on that one, I'd struggle to pick any of the current women's team out if you gave me a squad photo.

I get there's a lot of p*ssed off people working or not working at the club who'd happily sell a story to the papers but the club can't keep losing £100m a year. To address that sort of financial mess costs will have to be cut.

You've got to get the club back to a break even point then rebuild we can't just keep piling on more and more debt.

It isn't the fault of the people at the bottom of the payroll who are getting their luxuries cut.
 
jsp said:
I couldn't pick Katie Zelem out of a line up so I'm with Sir Jim on that one, I'd struggle to pick any of the current women's team out if you gave me a squad photo.

I get there's a lot of p*ssed off people working or not working at the club who'd happily sell a story to the papers but the club can't keep losing £100m a year. To address that sort of financial mess costs will have to be cut.

You've got to get the club back to a break even point then rebuild we can't just keep piling on more and more debt.

It isn't the fault of the people at the bottom of the payroll who are getting their luxuries cut.
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She was the first teams logistics manager, which to me sounds like a job created for a mate
 
Matt Varnish said:
She was the first teams logistics manager, which to me sounds like a job created for a mate
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Who Zelem?

Think you are talking about someone else who lost their job recently because someone within Amorim's staff that came in basically took over her job.
 
Avram Glazer saying the club isn’t for sale should send shockwaves through the club there was a feeling that SJR was going to take complete ownership eventually, in my opinion this is where the fans have to do something even if it means bringing the club even further to its knees by totally boycotting games, fk em enough is enough.
 
I wouldn’t read to much into his 1 word answer to a journalist.

Wasn’t any sort of official statement.

SJR isn’t going to put this much money, effort and time into something that he will never get the pay off from.

It won’t be quick and it will be very painful but I think they’ll be gone soon enough.
 
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Nothing particularly noteworthy in the article as new information.

The goodwill towards INEOS seems to be drying up amongst the rank and file staff the do more with less approach is always going to be a hard sell especially when post redundancies management often come across as "you should feel lucky you still have a job." A second round of redundancies won't make it any easier as it just means you can't really move on from it.

Brailsford by the sound of things was the man who pushed for Ashworth but it sounds like it's the former City duo of Berrada and Wilcox who won the first power battle and convinced Sir Jim it was time to sack ETH and then Ashworth.
 
jsp said:
Nothing particularly noteworthy in the article as new information.

The goodwill towards INEOS seems to be drying up amongst the rank and file staff the do more with less approach is always going to be a hard sell especially when post redundancies management often come across as "you should feel lucky you still have a job." A second round of redundancies won't make it any easier as it just means you can't really move on from it.

Brailsford by the sound of things was the man who pushed for Ashworth but it sounds like it's the former City duo of Berrada and Wilcox who won the first power battle and convinced Sir Jim it was time to sack ETH and then Ashworth.
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Any goodwill towards them ended for me when they kept Ten Hag last summer, will keep saying it we needed a full sale and nothing less
 
No such thing as a free lunch anymore at Carrington... unless you're a first team footballer.

Latest story to come out is they're stopping staff from claiming free lunches in the canteen at Carrington. Only soup and sandwiches for staff.
 

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