Hope he stays for the entire duration of his contract.
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£1 billion in interest over the past two decades, hundreds of millions in dividends paid out, OT falling apart and 15th in the table with a squad full of dross.
What did FSG spend to rejuvenate Anfield, £300 million?
When Ragnick said the club needed open heart surgery, I don’t think this is what he was talking about.
Not to mention that the Glazers took some 1.5b for that 28% of the club from Ratcliffe. That money could have been used to clear the debt totally and hence make it more easier for the club.
That money was used to pay out some of the Glazer clan. IIRC there were six Glazers and two sold their shares to INEOS. But none of it was reinvested in the club.
FTR INEOS is implementing the playbook H&G would have done, though even H&G weren’t this bad.
I’m beginning to think administration may have been the best thing to happen to LFC over the past two decades.
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The £20 million Ratcliff is saving annually in redundancies will likely be used at least in part to refinance the debt on the club when it comes due.
I’ll take a look at the debt structure later. But with £1 billion in debt and interest rates rising, a 2% increase in the cost of debt = £20 million.
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The sackings of ETH, his staff and Dan Ashworth cost the club ~£15 million
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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