The Sir Jim Ratcliffe Era

Woah, woah, woah. C'mon, they are offering staff a free piece of fruit.

It really isn't a good look to punish everyone else for the mistakes of a few.
 
Pretty much but if you aren't giving the players meals then you probably just shut the whole canteen down.

Players are required to maintain a strict diet to perform at the highest level so if you are asking them to be at the training ground every day for morning training sessions and afternoon meetings then you need to make sure they're catered for.

No idea how many people work at Carrington but if you said on top of the players there's maybe 50-100 staff in every day the cost of the extra meals at £5 per head is probably somewhere between £100-200k a year.

Must be a pretty horrible place to work when you're getting your little perks taken away constantly I know they're making redundancies but I bet plenty of people are just hanging around hoping for a pay off in the next round. Most must be thinking of jacking anyway.
 
Turns out it's the staff canteen at Old Trafford rather than Carrington that is being closed.

So it wouldn't be used by players anyway.
 
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It doesn't sit well when part of the reason for the club losing money for the last 5 years is.

Debt Payments due to the ownership
Debt increasing due to our debt being held in dollars rather than pounds.
Dividend payments due to the ownership
The costs associated to the sale of shares to INEOS being dumped on the club.


The big decisions that have cost the club money will not have been made by the near 400-500 people who have either lost their jobs or are about to lose their jobs.

The Glazers really did run this place into the ground and fans are about to be asked to pick up the bill with another round of ticket price increases on the horizon.
 
jsp said:
It doesn't sit well when part of the reason for the club losing money for the last 5 years is.

Debt Payments due to the ownership
Debt increasing due to our debt being held in dollars rather than pounds.
Dividend payments due to the ownership
The costs associated to the sale of shares to INEOS being dumped on the club.


The big decisions that have cost the club money will not have been made by the near 400-500 people who have either lost their jobs or are about to lose their jobs.

The Glazers really did run this place into the ground and fans are about to be asked to pick up the bill with another round of ticket price increases on the horizon.
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Cost saving is good if it's multilateral, but it's not, getting rid of 250 people barely pays Mounts and Shaws wages
 
jsp said:
It doesn't sit well when part of the reason for the club losing money for the last 5 years is.

Debt Payments due to the ownership
Debt increasing due to our debt being held in dollars rather than pounds.
Dividend payments due to the ownership
The costs associated to the sale of shares to INEOS being dumped on the club.


The big decisions that have cost the club money will not have been made by the near 400-500 people who have either lost their jobs or are about to lose their jobs.

The Glazers really did run this place into the ground and fans are about to be asked to pick up the bill with another round of ticket price increases on the horizon.
Click to expand...
I was under the impression that part of the INEOS deal was that dividend payments were frozen for two years.
 
Matt Varnish said:
Cost saving is good if it's multilateral, but it's not, getting rid of 250 people barely pays Mounts and Shaws wages
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They can't do anything about those contracts unless the players agree to leave they are fixed term contracts that you are locked in to. I'm sure they'd love to make some of the first team players on silly wages redundant.

The wage bill has been coming down and it will likely come down again this summer.

To answer your other point the dividend payment has been frozen for the first 3 years of the INEOS investment period.
 
I'll give it to Ratcliffe, he's managed to make me hate him as much as I do the Glazers and he's managed it in six months. The parasitic old puppet and his American puppet masters all need to go.
 
Matt Varnish said:
I was under the impression that part of the INEOS deal was that dividend payments were frozen for two years.
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I thought it was three years?
I really hope Radcliffe knows what he’s doing here if he’s not got an agreement that he eventually takes complete ownership then he’s going to get his pants pulled down and his arse slapped.
He’s a hard nosed very successful businessman surely he knows what he’s getting in to?
I really hope so.
 
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Mr C said:
4years, what's happened to project 21
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Wasn’t the goal something like win the league by 2027. I guess that’s probably still the end dream but got to be realistic and we probably are looking like a Europa league team at best for a bit.
 
Unpopular opinion with hindsight but maybe the Sheik buying the club and clearing the debt would have been the better option, I guess we`ll never know.
 
Why am I getting the feeling we've jumped out of the frying pan into the fire with INEOS ?
JammyRed said:
Unpopular opinion with hindsight but maybe the Sheik buying the club and clearing the debt would have been the better option, I guess we`ll never know.
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Apart from the fact he never actually existed?
If he did, he never had the finances to back up his claims.
 
Matt Varnish said:
Why am I getting the feeling we've jumped out of the frying pan into the fire with INEOS ?

Apart from the fact he never actually existed?
If he did, he never had the finances to back up his claims.
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I’ve heard the rumours he didn’t exist but never seen it proven
 
2027-28 was the target for winning the league as that's the clubs 150 year anniversary.

My guess is they plan to budget off the pitch costs based on a Europa League revenue as that is a realistic minimum level for the club to achieve in the short term but in the realistic target will be to be back in the CL.

The issue has been for a decade now Utd have run a Champions League knock out round budget when we've actually been a Europa League knock out round club.

At some point you do have to reset and then look to rebuild.
 
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Something that tit Woodward never realised.

He thought Utd didn't need to be successful on the pitch to sustain revenues/profits.

Fail on the pitch and you slowly start to fail off it.
 
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JammyRed said:
Just looked him up, put on gardening leave after 7 months at Chelsea
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Will give him a chance, just hope Wilcox isn't going to be too involved in decision making. Oh just checked that's who he's going to reporting to.

Any chance he can pull a rabbit out of the hat and negotiate a deal for Osimhen which is gonna financially suit both parties.
 
Why wouldn’t he report to Wilcox?

Everything coming out of the club suggests they won’t be going near players like Osihmen anymore.

They’ll be searching for the next Osihmen.

I think this guys main role will be modernising our scouting system to make sure we are targeting the right players.
 
jsp said:
Why wouldn’t he report to Wilcox?

Everything coming out of the club suggests they won’t be going near players like Osihmen anymore.

They’ll be searching for the next Osihmen.

I think this guys main role will be modernising our scouting system to make sure we are targeting the right players.
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They need a couple of mid 20's signings just for a little bit of experience in the squad too
 
croady26 said:
They need a couple of mid 20's signings just for a little bit of experience in the squad too
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I agree but Osihmen will want mega wages that is what I think they’re trying to avoid going forward.

New signings cannot be coming in straight into the top end of the wage bill.

You come in on good money and if you do well for Utd then we put you on the great money.

I don’t know how we do it but I think we need to get in a few players from premier league clubs this summer. If we are going for 4 or 5 new players ideally I’d like 2 of them coming with PL experience.
 
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With my fan head on, I can sympathise with them, going to OT is now out of my price, especially when you add on the cost of travel and food, it turns a matchday into a £200 day
I think I've said before, if I want to go and see a show in London in it's first run, then you are talking £80 for a decent seat, no-one drives into London, return fare from Andover add another £60, add food and a drink during the interval and it's another £50, so I feel the comparison is a fair one.

With my business head on, every business is facing increasing costs, I don't employ anyone, the company next door to me employs 8 people, they are going to see an increase in costs from April of nearly £5k a year, and that's just on minimum wage and national insurance, United's bill must be astronomical.

I get it, I don't like it, but I get it.
 
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I think this quote says an awful lot.
Some people need to read it and take it in.

Sir Jim Ratcliffe
"You are beginning to see a glimpse of what Ruben can produce. I think you saw a glimpse of it against Arsenal. How many players against Arsenal on the bench did you recognise? How many have ever worn a Manchester United shirt for [the first team]… as there's no squad left. We are down to the last 10 or 11 men in the squad really, of proper first-team players. Ruben is doing a super job."
 
He’s also done an interview with Gary Neville’s show the overlap.

It’s on YouTube and a podcast
 
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Listened to it.

He talked well.

Made some pretty alarming statements about how close to a cliff edge the club was financially.

Basically said by end of 2025 the club would have run out of cash. They money he put in is basically already gone thanks to the works at Carrington and day to day running costs.

The Glazers had managed from arms length basically suggesting they allowed way too much control to management. His criticism stopped there though, dodged questions about debt and their decision to take money out of the club.

In terms of workforce he said despite losing money we were still increasing staff numbers year on year. Cuts had to me made and once the club is back on level ground some benefits may be reinstated.

Admitted they made a mistake with Ashworth. Said poor chemistry was the reason he left and that making a quick decision was the best solution.

Suggested ticket prices will go up but not by much. They want to make sure the most loyal carry the least burden. Sounds like season tickets will rise at a lower rate than one off tickets.

He spoke very enthusiastically about the stadium.
 

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