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Manchester United Thread 25/26 - Teamtalk/Transfers/Gossip Mod Note in OP 26.09.24

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Comments

  • Registered Users, Registered Users 2, Paid Member Posts: 20,300 ✭✭✭✭y0ssar1an22


    full time staff 132 more than liverpool, and part time ~800 more. also interestingly, our wages are only 5m more than liverpool.

    utd at 30/06/2024:

    Screenshot 2025-02-24 174516.png

    and liverpool 31/05/2023:

    Screenshot 2025-02-24 174449.png


  • Registered Users, Registered Users 2 Posts: 2,114 ✭✭✭Pipmae




  • Registered Users, Registered Users 2 Posts: 1,710 ✭✭✭Caustic


    Ya exactly if the other strikers were at united they might have slightly better heat maps but would most likely be well off the ones their current clubs



  • Registered Users, Registered Users 2 Posts: 1,468 ✭✭✭FrankN1


    There really is slim pickings for strikers in the Premier League and globally these days. From the list above, Sunderland would have had 2 of those up front back in the day. Shocking compared to the amount of talent 20 years back.



  • Registered Users, Registered Users 2 Posts: 1,468 ✭✭✭FrankN1


    INEOS making the Glazers look like charity. Revolting what they are doing. The most exciting part of this season will be the protests which hopefully trigger something big this time.



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  • Registered Users, Registered Users 2 Posts: 48,936 ✭✭✭✭Mitch Connor


    The glazers horrendous financial mismanagement is why ineos are doing what they are doing, though without knowledge it does feel they've gone too far.

    The glazers management was losing us 100million a year.

    We barely scraped by on psr last year and while the end of this season will apparently be fine next year is looking dodgy.

    Things would look better if we weren't spending 50+ m on debt repayments though. I wish ineos would push to the full takeover so we could properly, hopefully, the club gst back on a proper financial footing.



  • Registered Users, Registered Users 2 Posts: 2,598 ✭✭✭Ninthlife


    Correct me if Im wrong but did INEOS ever say they wanted to buy the club in full. Tbey said they would look at increasing their % stake.

    No one is buying United at the valuation the Glazers have on it and the state it is in.

    Naming rights to Old Trafford was a surefire way to raise funds. Glazers could also put their hand in thier pocket



  • Registered Users, Registered Users 2 Posts: 2,337 ✭✭✭cosatron


    And what do suggest they do that won't revolt you. The club has made a loss for the last 5 years under the glazers, Woodward and arnold and do you expect ineos to carry on this mismanagement



  • Registered Users, Registered Users 2 Posts: 1,468 ✭✭✭FrankN1


    They could make the cuts where it's most impactful for a start. Dead wages. Saving on staples and cutting out any sense of community, is going to ruin the culture and save meaningless amounts.

    The club won't be winning a premier league in a lot of our lifetimes, said it a few years ago. Becoming more of a reality each year.



  • Registered Users, Registered Users 2, Paid Member Posts: 14,736 ✭✭✭✭JRant


    Not only that but the narrative has now shifted from the Glazer's to INEOS despite the fact that they still have a majority control of the club and legally they control these cuts, not INEOS.

    "Well, yeah, you know, that's just, like, your opinion, man"



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  • Registered Users, Registered Users 2 Posts: 3,441 ✭✭✭The Big Easy


    I'd say they will wait for the dire reality to permeate the Glazer delusion before any full takeover.

    It was a massive premium they paid to begin with, the hope is that the Glazers will wake up and accept close to market value to f*#k off.

    I heard somewhere recently that some of the Glazers believed that online immersive experience wasn't factored into the potential value of the club.

    Like having a full 3D matchday experience at home in your own living room. There is huge potential value there alright I reckon some day, but to think those parasites are going to hang around to profit from it is totally sickening.



  • Registered Users, Registered Users 2 Posts: 56,089 ✭✭✭✭Headshot


    This is why the Glazers love this ownership model, INEOS are now the fall guy and will constantly get blame for everything while Glazers sit back and still rape the club of its wealth

    Now I'm not giving INEOS a free pass here because it was terrible decision making not to sack ETH in the summer and worse give him more money to piss in the wind but INEOS are barely been at the club and deserve a chance, they cannot be as bad as the Glazers



  • Registered Users, Registered Users 2 Posts: 48,936 ✭✭✭✭Mitch Connor


    No.

    But they did try to buy out the glazers, for about 4billion, in may 2023.

    I have no doubt they want to buy them out at some point. Hopefully soon.



  • Registered Users, Registered Users 2 Posts: 397 ✭✭Iecrawfc


    I fail to see what interest INEOS would have in making Utd a success(ie. back in the champs league and challenging for the title) while the Glazers are majority owners, would it be more in their interest to pare spending back to a minimum on and off the field and then buy from the Glazers at a rock bottom price what with a disaffected fan base, sponsors deserting for more successful clubs and the brand in the toilet, I'm sure Radcliffe isn't in business to make others money and pump up an asset if he has an interest in buying it.



  • Registered Users, Registered Users 2 Posts: 10,673 ✭✭✭✭FourFourRED


    Tbf on the wages thing they’re pretty much doing that now with the loan outgoings in January and being careful on what came in, in return. If an offer for Casemiro had come in, I’d expect he would have been gone. Cutting the dead wages isn’t something fully in your control because you need a buyer or in the cases of Eriksen, Evans, Lindelof & Heaton, you don’t renew in the summer. This takes time.

    Pis*ing £14.5m away on ten Hag is something they did have control over and they rightfully get stick for that.

    The job losses is genuinely unfortunate for those involved. The average Joe losing their livelihood because of the mismanagement from the top over the years. However, this goes on all over the world in so many businesses every day but because it’s Man United, it gets hyper focussed on.

    It’s quite clear at this stage that SJR and those closest to him aren’t really arsed about optics or PR - it’s strictly business and shaving as much unnecessary expenditure as possible. They won’t care who gets hurt along the way. I understand why they’re doing it but you can have sympathy for those affected at the same time. Not only regarding the job losses but the ticket price increases, which will only continue when the new stadium arrives.



  • Registered Users, Registered Users 2, Paid Member Posts: 8,081 ✭✭✭54and56


    How exactly could they cut "dead wages"? Which wages are defined as dead? If any players, managers or coaches fall into the dead wages category they will all have contracts which will have to be paid up if they get their marching orders.

    It's only staff, mostly admin, operations, maintenance, groundsmen etc who will be traditional employees where a redundancy process could be run that would ultimately save wages.



  • Registered Users, Registered Users 2 Posts: 1,468 ✭✭✭FrankN1


    Sell players more aggressively. Also don't make costly mistakes regarding the manager. Buy out the Glazers, stop interest payments.

    Nothing they do has given me any confidence. What's the plan to catch up on rivals? Haven't heard anything from Berrada about it.



  • Registered Users, Registered Users 2 Posts: 48,936 ✭✭✭✭Mitch Connor


    The talk prior to the summer was sacking ETH would cost 10m.

    The story after his sacking is it cost 10m.

    So the cost to sack him specifically might not have increased vs the summer.

    And amorim seems to have cost less.

    But then you have ruud, haake, the gk coach and the opportunity cost which is potentially effing massive.



  • Registered Users, Registered Users 2, Paid Member Posts: 35,200 ✭✭✭✭~Rebel~


    do we know how any future share purchases will work actually? Like, do they have a discount rate share price already locked in? Because otherwise any success INEOS management get, and the subsequent rise in share value, makes it harder for INEOS to buy. Indeed, without an agreed price already, INEOS would be hugely incentivised to run the club poorly, tank the value, and then buy it.

    <edit> I see someone else made a similar point above… one would kind of have to assume the price for INEOS is frozen though, otherwise it’s an obvious point of conflict.

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  • Registered Users, Registered Users 2 Posts: 48,936 ✭✭✭✭Mitch Connor


    Nope.

    There were put and call options discussed, apparently, but didn't make it into the final deal for legal reasons - such an agreement would have needed buying of the ouvlic shares at the same value and Ineis don't want to do that. Or so I read. Maybe over time they'll get the go ahead to buy Glazer shares without buying public (glazers and ineos thought they could, the other board members feared legal challange)

    My assumption, based on my expert financial understanding, is there has to be SOMETHING planned with regards to the stadium funding. I think we'll see another big ineos investment with diluted shares giving equity.

    I just can't believe ineos would have entered into a deal with no plan of how to advance it. Too much scope for the glazers to eff it up over time. Some point this year a number of the financial agreements come to an end, such as dividend freezing. And to see all the staff cuts go fund a dividend to the glazers would cause riots. Or some whinging online by people like me. Even without the riots, why would ineos go though this to see the glazers take 20m out and erase most the claw back.

    As for the price, the shares are currently trading at 20 below what ineos paid, so I don't think there's fear of them pricing themselves out.

    I hope we'll see significant change before the year is up, if not the season. But nothing yet indicates there's anything specific happening. Not that they're would be tbf, you'd need to open yourself up to financial crimes for news to be getting out of something was happening!



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  • Registered Users, Registered Users 2, Paid Member Posts: 8,371 ✭✭✭El Gato De Negocios


    Sell players more aggressively - like getting around £40m last summer for McT and AWB despite both having only 1 year left on their deals?

    Hindsight is wonderful but extending ETH's contract last summer ultimately was a mistake.

    Buy out the Glazers - they are reported to want 5 to 6 billion for the club, considering the ramshackle state Carrington and OT were allowed to get to, the huge amount owed on transfers, along with many other factors, why would INEOS overspend massively? It makes zero sense.

    Stop interest payments - how do you propose they do that? Pay back the 1b+ thats owed along with what the Glazers want? Again, that makes zero sense. The overwhelming majority of businesses and corporations across the globe operate with debt. It makes business sense, use someone elses money to pay for things, once the interest / repayments make fiscal sense.

    I genuinely wonder how some people (not you specifically) cannot see what INEOS are doing.

    They now own more than 25% of the club.

    They have invested 100m+ in upgrading Carrington.

    They are in the midst of planning a brand new, state of the art stadium.

    They are willing to let underperforming players like Antony, MR and Sancho leave on loan.

    They are not overspending in the transfer market.

    They are not throwing out crazy player contracts to new signings.

    They are trimming the fat across the board and reducing a bloated head count.

    Of course they have made some errors, thats clear, but the majority of what they have done and are doing is for the betterment of the club.

    There is no silver bullet, the Glazers have bled the club for every single penny they could to the point there is literally nothing left. We are the biggest club in England by a distance and have made a loss every year for 5 years, that isnt fuckin normal. The entitlement (again, not directed at you specifically) of some United fans continues to amaze me. Im in a couple of supporters groups on Facebook and i see the same kind of thing. It is going to take at least another 2 years for the club to normalise. I have no doubt that INEOS will make more mistakes but for me, the positives they have brought far, far outweigh the negatives.



  • Registered Users, Registered Users 2 Posts: 2,173 ✭✭✭NITRO95


    Best, most logical post I've read on here in weeks. People think there's some quick fix, that signing this player or selling that player solves everything. It's not that simple. INEOS have made mistakes and will probably make some more but if you say they are comparable to the Glazers then you aren't worth having a discussion with.

    5 years of losses. I don't think some of you comprehend just how serious that is.



  • Registered Users, Registered Users 2 Posts: 48,936 ✭✭✭✭Mitch Connor


    But a large part of the issue is those losses have been majorly contributed by debt payments, consultancy fees to the glazers and dividends.

    And those debt payments, at least, aren't being addressed. The figure that is being placed against all these cuts is still less than the debt payments. At least the staff contributed.

    I'm not saying it's easy, just pay it off. But it's the easy counter point to everything they say they have to do - the ownership itself is responsible for greater losses than all the budget cuts they have made.



  • Registered Users, Registered Users 2 Posts: 12,225 ✭✭✭✭DrPhilG




  • Registered Users, Registered Users 2 Posts: 2,837 ✭✭✭Hodors Appletart


    How can the club sell players "more aggressively" - what does that even mean?

    Sell them for any old bid? Do you not realise that these are people under contract and are entitled to the wage they negotiated, whether you like it or not? They are entitled to see out their contract, or if they are leaving they are entitled to ensure they are earning that same wage elsewhere for the duration left on the contract. Why would, say, Casemiro leave? How would you "aggressively" sell him?

    It's a nonsense, emotive term that doesn't really mean anything at all.



  • Registered Users, Registered Users 2 Posts: 22,301 ✭✭✭✭PARlance


    Slash the wages is another one that is obviously closely linked. They've done a fairly good job of reducing wages by getting players out on loan but it's not as if we can just stop paying players contracts. If we wanted to get Shaw's wages off the book for eg, he would have to get a lump sum/compensation to cover most if not all of his remaining wages, and even if the likes of Shaw or Casemiro would agree to that, we probably don't have the cash reserves to be doing that.

    Ineos have a massive job on their hands, I'm not a fan of the way they have gone about some things, but in general I do feel they are trying to do the vital job of steadying the ship… or stopping the ship from sinking… it might be a while before they even get to the steadying the ship stage.



  • Registered Users, Registered Users 2 Posts: 1,468 ✭✭✭FrankN1


    Means selling him for a reduced fee in order to get his wages off the books. Not that difficult to understand.



  • Registered Users, Registered Users 2 Posts: 2,837 ✭✭✭Hodors Appletart


    and who would pay the wages he'd want?

    pretty simple question you've dodged.



  • Registered Users, Registered Users 2 Posts: 48,936 ✭✭✭✭Mitch Connor


    For me the issue is simply: we don't know.

    We do know the finances are poor/terrible and have been since Covid - prior to that it looked like we were about to hit a financial windfall iirc.

    Now, we don't know to what extent the Staff cuts are needed, or what the impact will be. There will be a financial easing to some degree, but how significant will that be? No idea. I can accept there was a level of bloat in the staff numbers because I assume Glazers were as poor at managing that as everything else. But it is 450 staff members? We will still ahve more than Arsenal for eg, but way below Liverpool or Madrid for eg. I've no idea what the 'correct' number for United is, none of us do. Is reducing by 450 because the INEOS guys have found there are 450 roles we don't need? I would doubt it - I would accept they have found bloat, again, but I would also think the staff reduction is to hit a certain percentage of costs saved and within that we will lose good people that were doing a good job.

    And then beyond the revenue savings, we don't know what the impact on the club will be.
    IF we accept the recent reports as true, and they may not be, what is the impact on recruitment?

    Will we miss out on players because of a reduction in scouting?
    Will we miss out on players, especially youth players, due to simple things like (apparently) United cheaping out on the food on offer to the youth players?
    Will we miss out on quality staffing hires because the package on offer elsewhere is more attractive? Earn the same money elsewhere but also have a christmas party, also not have to bring a packed lunch with you, have a corporate credit card vs having to pay things out of your own pocket and expense it back.

    Reducing costs can be needed, but that doesn't mean those reductions don't come with negitive, performance based, consequences.

    I do feel we will bottom out on the cuts, and in the medium term we will see reinvestment back into staffing when the finances are in a better and more stable position - but until that happens, if it happens, there can be unforseen or unknowable consequences to those decisions.



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  • Registered Users, Registered Users 2, Paid Member Posts: 20,300 ✭✭✭✭y0ssar1an22


    i suppose one of the ideas behind selling a player below market value is so that the buying club can use some of the saved transfer fee to supplement the wages.



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