Manchester United Financial Situation.

keane2097 · 25-05-2010 04:50PM

That wouldn't come close to covering even the Ronaldo transfer fee.

Where did the rest of the 80 million go?

What about the rest of the company's revenue?

Suggesting that the purchase of Berbatov and extending a few contracts accounts for all that money disappearing is lolbad.

The Muppet · 25-05-2010 04:53PM

keane2097 wrote: »

That wouldn't come close to covering even the Ronaldo transfer fee.

Where did the rest of the 80 million go?

What about the rest of the company's revenue?

Suggesting that the purchase of Berbatov and extending a few contracts accounts for all that money disappearing is lolbad.

Keep Up, how much of the Ronaldo Money has been recieved?

United had £140 million cash in the bank in september 09

keane2097 · 25-05-2010 05:05PM

The Muppet wrote: »

Keep Up, how much of the Ronaldo Money has been recieved?

United had £140 million cash in the bank in september 09

You're just repeating irrelevancies tbh.

The entirity of the Ronaldo fee is on the books.

Pro F gave you a link and even gave you the page in the document, I'll even do one better for you:

http://img337.imageshack.us/i/united.png/

"Keep up", he says - lol

whatawaster · 25-05-2010 05:10PM

The Muppet wrote: »

Keep Up, how much of the Ronaldo Money has been recieved?

United had £140 million cash in the bank in september 09

And there i was thinking it was only Liverpool's finances you struggle with.

United sold Ronaldo for 80m last year. It doesn't matter when it was paid, or in how many installments.

Had that deal not gone ahead, United's profits would have been 80m less. In other words, they would have made substantial losses.

Now this season they haven't sold a Ronaldo. They haven't won the league. They haven't won the champions league. Have their interest payments been substantially reduced? I would imagine a loss will be shown in the accounts this year.

whatawaster · 25-05-2010 05:11PM

The Muppet wrote: »

Keep Up, how much of the Ronaldo Money has been recieved?

United had £140 million cash in the bank in september 09

That is a meaningless figure, taken on its own.

The Muppet · 25-05-2010 05:17PM

whatawaster wrote: »

And there i was thinking it was only Liverpool's finances you struggle with.

United sold Ronaldo for 80m last year. It doesn't matter when it was paid, or in how many installments.

Had that deal not gone ahead, United's profits would have been 80m less. In other words, they would have made substantial losses.

Now this season they haven't sold a Ronaldo. They haven't won the league. They haven't won the champions league. Have their interest payments been substantially reduced? I would imagine a loss will be shown in the accounts this year.

Of course it matters when the money is recieved, If they are still owed £60 million, is that not relevant?

Lets wait and see what happens this year, I think the figures will be better than some expect, the debt should be down for a start.

Either way it's not about this year or next its about the future and the informed opinion is that everything will work out ok for the Club which is all I've ever been concerend about.

whatawaster wrote: »

That is a meaningless figure, taken on its own.

Yes our cash reserve is meaninless to financial discussion, so meaninless that it has been dismissed by some contributers here.

whatawaster · 25-05-2010 05:22PM

The Muppet wrote: »

Of course it matters when the money is recieved, If they are still owed 26 million is that not relevant?

Lets wait and see what happens this year, I think the figures will be better than some expect, the debt should be down for a start.

It doesn't matter. What about money you owe the revenue for VAT, PAYE and Corporation Tax, do you take that into account? Of course not.
United's wage bill for last year (in the published accounts) will have included a very substantial charge for PAYE/PRSI. Not all of this will have been paid at the year-end, in all likelyhood. Does that fact have any effect on the profitability of the club? No.

Profit and Loss accounts are only concerned with expenses and incomes that are incurred in a period.

When they are paid is a matter for cash flow. It's extremely unlikely that Cashflow will be United's downfall. But trading losses might be.

keane2097 · 25-05-2010 05:22PM

The Muppet wrote: »

Of course it matters when the money is recieved, If they are still owed £60 million, is that not relevant?

Not according to our books. The 80 million is accounted for.

I posted a screen capture and put a big red circle around it and a little box saying "Hi Muppet, can you see me!?"

whatawaster · 25-05-2010 05:25PM

The Muppet wrote: »

Yes our cash reserve is meaninless to financial discussion, so meaninless that it has been dismissed by some contributers here.

It's meaningless taken on it's own, as you presented it - that is, on one particular day, completely isolated from all the clubs other assets and liabilities.

For all you know there could have been bills to the tax man, other clubs, players etc due the next day. Quoting a bank balance in isolation is worthless.

keane2097 · 25-05-2010 05:29PM

whatawaster wrote: »

It's meaningless taken on it's own, as you presented it - that is, on one particular day, completely isolated from all the clubs other assets and liabilities.

For all you know there could have been bills to the tax man, other clubs, players etc due the next day. Quoting a bank balance in isolation is worthless.

It is, however, precisely the type of information that smart business people would try to hoodwink gullible people with...

Just saying...

The Muppet · 25-05-2010 05:30PM

whatawaster wrote: »

It doesn't matter. What about money you owe the revenue for VAT, PAYE and Corporation Tax, do you take that into account? Of course not.
United's wage bill for last year (in the published accounts) will have included a very substantial charge for PAYE/PRSI. Not all of this will have been paid at the year-end, in all likelyhood. Does that fact have any effect on the profitability of the club? No.

Profit and Loss accounts are only concerned with expenses and incomes that are incurred in a period.

When they are paid is a matter for cash flow. It's extremely unlikely that Cashflow will be United's downfall. But trading losses might be.

The doomsday scenario is not going to happen, and more and more fans are going to realise that over the next year.

I have always said that the only way the Glazers can make money from United is to be successful on the pitch, there is noting to worry about. People are comining around to realising the debt is not the problem it was percieved to be even in teh worst recession since the war..

whatawaster · 25-05-2010 05:36PM

The Muppet wrote: »

The doomsday scenario is not going to happen, and more and more fans are going to realise that over the next year.

I have always said that the only way the Glazers can make money from United is to be successful on the pitch, there is noting to worry about. People are comining around to realising the debt is not the problem it was percieved to be even in teh worst recession since the war..

Who is coming around? You, clearly, but i don't see many backing you up.

I don't think United are going to fold, but your head is completely buried.

The Muppet · 25-05-2010 05:40PM

whatawaster wrote: »

Who is coming around? You, clearly, but i don't see many backing you up.

I don't think United are going to fold, but your head is completely buried.

I don't need anyone to back me up, I suggest you do a little research and bring yourself up to date on the current financial situation before rubbishing what i am saying. I have posted the links to help above.

keane2097 · 25-05-2010 05:41PM

The Muppet wrote: »

I don't need anyone to back me up, I suggest you do a little reserach and bring yourself up to date on the current financial situation before rubbishing what i am saying.

Oooooh - snap!

Mr Alan · 25-05-2010 05:51PM

muppet, seriously, give it a rest. you continually ignoring peoples posts is embarrasing.

The Muppet · 25-05-2010 05:55PM

Mr Alan wrote: »

muppet, seriously, give it a rest. you continually ignoring peoples posts is embarrasing.

Al I understand your desire to put United in the same **** as your own team but the fact of the matter is there is virtually no similarties between the two clubs finances. Uniteds revenue is growing year on year for a start.

Mr Alan · 25-05-2010 05:57PM

so is Liverpools. i understand your desire to ignore my point in regards to you ignoring peoples posts who're showing how ridiculous wat you's saying is. instead you wanna turn it into a united/liverpool willy waving competition, pat yourself on the back.

The Muppet · 25-05-2010 06:07PM

Mr Alan wrote: »

so is Liverpools. i understand your desire to ignore my point in regards to you ignoring peoples posts who're showing how ridiculous wat you's saying is. instead you wanna turn it into a united/liverpool willy waving competition, pat yourself on the back.

Your continued attemps to link the situations between ths clubs is relevant AL. I ignore some posts because they have nothing to add or are covering old ground, al, there is no need to reply to every single post .

I'd be happy to debate your statement on Liverpools revenue growth in the relevant thread if you really believe what you have posted above .

Mr Alan · 25-05-2010 06:10PM

the post i made here today which you responded to, link where i mentioned Liverpool, or anything to do with them? seriously, wat are you talking about? You brought them up in an attempt to distract from the ****e you're speaking.

The Muppet · 25-05-2010 06:15PM

Mr Alan wrote: »

the post i made here today which you responded to, link where i mentioned Liverpool, or anything to do with them? seriously, wat are you talking about? You brought them up in an attempt to distract from the ****e you're speaking.

I understand your desire not to be drawn on the comparisons you are trying to make AL, I also think your club loyalties is relevant given the topic of discussion here AL. Let's leave it there.

Mr Alan · 25-05-2010 06:24PM

i'm not trying to make comparrisons. you are. can you grasp that? ok, so i'm wrong cause of who i support. wat about PHB? mitchconnor? And virtually every united fan with the expertion of yourself, why are they wrong to think United financial situation is dire?

The Muppet · 25-05-2010 06:26PM

Mr Alan wrote: »

i'm not trying to make comparrisons. you are. can you grasp that? ok, so i'm wrong cause of who i support. wat about PHB? mitchconnor? And virtually every united fan with the expertion of yourself, why are they wrong to think United financial situation is dire?

Not only me Al, far from it, The situation is far from dire too but keep pushing that agenda.

http://www.redcafe.net/f6/all-issues-relating-600m-bond-issue-carrington-glazer-taking-cash-out-etc-280859/index37.html#post8087845

Mr Alan · 25-05-2010 06:44PM

The Muppet wrote: »

Not only me Al, far from it, The situation is far from dire too but keep pushing that agenda.

http://www.redcafe.net/f6/all-issues-relating-600m-bond-issue-carrington-glazer-taking-cash-out-etc-280859/index37.html#post8087845

Wow. A fan forum. Full of other people with their head in the sand. Brilliant.

lordgoat · 25-05-2010 06:58PM

Mr Alan wrote: »

Wow. A fan forum. Full of other people with their head in the sand. Brilliant.

Thing is Al, as long as United keep winning or doing well on the pitch muppet will be happy to keep his head firmly planted. Much like so many leeds fans years ago.

keane2097 · 25-05-2010 08:14PM

The Muppet wrote: »

I understand your desire not to be drawn on the comparisons you are trying to make AL

lol

The Muppet · 25-05-2010 09:20PM

lordgoat wrote: »

Thing is Al, as long as United keep winning or doing well on the pitch muppet will be happy to keep his head firmly planted. Much like so many leeds fans years ago.

You really don't have a clue if you think there is any comparison between uniteds situation and leeds.

Mr Alan wrote: »

Wow. A fan forum. Full of other people with their head in the sand. Brilliant.

Thats very disengenious and dismissive of you AL, some of the guys in that discussion are highly qualified. To just dismiss them in that manner says more about you than them. Then you wonder I don't engage in discussion sometimes.

Mr Alan · 25-05-2010 09:22PM

if he's comparing the fact some sections of both fanbases had/have their head in the sand. its fair enough.

lordgoat · 25-05-2010 09:23PM

The Muppet wrote: »

You really don't have a clue if you think there is any comparison between uniteds situation and leeds.

No no no no. I compared the leeds fans attitude toward their debt to your attitude toward ours. And again if you're going to pick and choose which posts of mine to reply to, either reply to all or none. Your ignorance about this topic is annoying.

The Muppet · 25-05-2010 09:30PM

lordgoat wrote: »

No no no no. I compared the leeds fans attitude toward their debt to your attitude toward ours. And again if you're going to pick and choose which posts of mine to reply to, either reply to all or none. Your ignorance about this topic is annoying.

I'll reply to what I want to not what you want me to.

Ignorance about the topic, don't make me laugh I'm not the one making a fool of myself by making stupid comparisons to Leeds situation which bears no similarities to Uniteds.

Mr Alan · 25-05-2010 09:33PM

The Muppet wrote: »

I'll reply to what I want to not what you want me to.

Ignorance about the topic, don't make me laugh I'm not the one making a fool of myself by making stupid comparisons to Leeds situation which bears no similarities to Uniteds.

The comparison was a sound one. You ignoring the reasoning behind it, which was explained to you twice, is another example of you making a fool of yourself in this thread.

Manchester United Financial Situation.

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