Matt Varnish
Well-Known Member
- Joined
- Aug 19, 2023
- Messages
- 613
For some of us this is not news, some of us have been saying this for a number of years.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.
The only way for this club to move forward is to buy the club from the Glazers for a nominal amount, and take on the debt, so that debt can be paid off, it never will be while the Glazers are in charge. We need Jaguar/Red Bull scenario to happen, and it doesn't have to be a Sheikh, there are people out there.