We didn’t go into administration, but I know what you mean.
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Also the point is that INEOS or the Glazers for that matter do not intend to clear out the debt themselves.
They are making the club pay for their mistakes. Austerity measures to pay off the interest for the debt. And then make the money when they eventually sell the club with the new owner wiping off the debt.
If they get a new stadium by city funding in the process , that only increases the club value
Kind of just dawned on me the parallel (maybe) between United and the UK and to some degree the US.
You’ve basically got a organisation which has had its financial resources stripped from it with very little reinvestment. To counter this they’re cost cutting the bottom and not addressing the elephant in the room.
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Needing to be back in Europe?
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Na i was thinking stadium and players. Nothing new there i guess but you cant ignore the foundations.
I get your thinkingvthere though. It certainly helps!
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I think from reading the Maguire article the interest on the debt is only around £20m a year, so not a big issue for a club with the revenues Utd has.
I think the same article said that Utd would be on the hook for £2bn for the new stadium.
SwissRamble had a piece about this circa Christmas 2023. The debt structure isn’t not as potentially crippling as the Spurs short-term paper was, but they have a lot of refinancing coming up in 2027 in particular.
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Pulling out the Green and Gold scarves while yelling “Brexit means Brexit”
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From this morning’s Squires
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Missing information at which stage the max gap was. If it’s at Christmas or in April makes a big difference.
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Yeah, that famous Toon collapse was from the first days of January, by the end of the first round of matches in March it was just 4.
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Man United boss Amorim blames players for job cuts at club
Way to get the lads to perform for you Rube.
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I think both 2008-09 and 2018-19 also ignore the significant number of games in hand they had.
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Yeah games in hand and when it started.
I’m sure we’ve been more than 11 ahead at some point. I think we went 10 when we beat Bournemouth anyhow.
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This Amorim bloke… has secured 15points from 15 PL games .!
If that is not relegation from, then I don’t know what is…
Roll on the new season so he can begin to amass his 38 points :0)
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That point per game ratio includes a draw against us. That won’t happen next season.
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As I noted elsewhere, 38 points isn’t relegation form. Certainly not this season I expect. It has been quite a while since the last team to go down with 1 point a game. Maybe ManU should be celebrating Amorim’s Great Escape?
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As @cynicaloldgit noted, they will only achieve 32 points :0)
Pssssst… shouldn’t that be 36…!
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