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Man United Supporters Thread (Part 50) |
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#5076 |
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Inactive Member
Join Date: Feb 2016
Posts: 447
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Quote:
If you can't understand a simple number (i. e. a profit) there is little point in trying to explain it further to you. I fully appreciate however that few if any posters here that have a financial background so perhaps I was being optimistic. Fortunately I am no longer a shareholder so I can sleep easy in my bed without worrying too much about where the money comes from to pay for players who are only here for the wonga.
Quote:
Regardless of the specifics (lets keep it really simple) it does not need a member of PWC's finance team to see that £250m plus salaries to not get in the top four is a fairly poor deal.
Yes? No-one has argued otherwise. The point is though that they spent the 250million which you seem to believe they dont have.
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#5077 |
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Forum Member
Join Date: Aug 2006
Location: Dark Satanic Mills
Posts: 4,809
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Quote:
Yes? No-one has argued otherwise. The point is though that they spent the 250million which you seem to believe they dont have.
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#5078 |
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Inactive Member
Join Date: Feb 2016
Posts: 447
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Quote:
It is debt, not profit. If you make a profit you keep it. If you increase your debt you get the money too but you still have to pay it back to the guy who gave it to you.
Seems like you are saying every penny the club has spent they didnt have and are in debt to the full amount. That kinda equates to the club making NO money at all. |
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#5079 |
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Forum Member
Join Date: Aug 2006
Location: Dark Satanic Mills
Posts: 4,809
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Quote:
What are you on about? No-one has said the 250million spent is a profit.
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#5080 |
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Inactive Member
Join Date: Feb 2016
Posts: 447
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Quote:
At least you have got that point. The £250m, if not profit, is somebody else's money that has to be repaid and the club are certainly showing no sign of earning it back.
DO you believe the club have made zero money? That can be the only conclusion by you thinking every penny they have spent is a debt rather than spent from monies earned. |
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#5081 |
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Forum Member
Join Date: Aug 2006
Location: Dark Satanic Mills
Posts: 4,809
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Quote:
Youre making zero sense im afraid. Youre arguing a point that literally no-one has argued.
DO you believe the club have made zero money? That can be the only conclusion by you thinking every penny they have spent is a debt rather than spent from monies earned. |
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#5082 |
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Inactive Member
Join Date: Feb 2016
Posts: 447
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Quote:
I have told you what is "earned" and it is not very much in relation to the spending.
Even if they have only earned 10million it goes against your seeming point that the 250million they spent is all debt. Logically it cant all be. |
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#5083 |
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Forum Member
Join Date: Aug 2006
Location: Dark Satanic Mills
Posts: 4,809
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Quote:
What have they earned?
Even if they have only earned 10million it goes against your seeming point that the 250million they spent is all debt. Logically it cant all be. Current DEBT is £450 million. I wonder how that happened? |
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#5084 |
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Forum Member
Join Date: Apr 2004
Posts: 38,839
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Great to see the first clips of Jose taking training on MUTV, after seeing the first pics this morning.!
Not seeing Van Gaal anywhere is the best sight of all! |
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#5085 |
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Inactive Member
Join Date: Feb 2016
Posts: 447
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Quote:
Actually it could all be debt depending on the timing of the buys. However I have just trawled through the New York Stock Exchange website and for the first nine months of the current financial year they did actually generate a profit of 37 million compared with £6m for the previous year nine months.
Current DEBT is £450 million. I wonder how that happened? And i think we all know where the overall debt has come from, it shouldnt actually need explaining to any fan of the club. It certainly isnt through the transfer spending is it. |
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#5086 |
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Inactive Member
Join Date: May 2016
Posts: 771
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Debt in a business in not an issue. The Man Utd debt is not an issue. A profit and loss could for one year is neither here nor there in the grand scheme of things. Also in financial terms a signing is a signing whether they are good bad or otherwise.
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#5087 |
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Forum Member
Join Date: Aug 2006
Location: Dark Satanic Mills
Posts: 4,809
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Quote:
So you accept that the club is making profit even with spending all they have on transfers. Therefor its manageable isnt it.
And i think we all know where the overall debt has come from, it shouldnt actually need explaining to any fan of the club. It certainly isnt through the transfer spending is it. ![]() P S The amount spent on transfers does not go through the profit anf loss account until the player is sold when they show the net loss.. |
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#5088 |
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Inactive Member
Join Date: Feb 2016
Posts: 447
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BIB - I need a drink.........
![]() P S The amount spent on transfers does not go through the profit anf loss account until the player is sold when they show the net loss.. |
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#5089 |
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Forum Member
Join Date: Aug 2006
Location: Dark Satanic Mills
Posts: 4,809
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Quote:
Then why on earth are you bringing profit and loss into it when discussing money spent on transfers in the first place??
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#5090 |
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Inactive Member
Join Date: Feb 2016
Posts: 447
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Quote:
Because profit generates cash which goes into the bank and can be spent on anything they like.
Youve now gone full circle and stated that transfer spending doesnt go on a profit and loss accounting so your whole argument has been pointless. It seems to have been nothing more than "Oh Noessss the club is spending some money. Why cant it be the 1950s anymore when we could all go out for the whole day with nothing more than a ha'penny in our pocket and still come back with change" Pointless actually trying to get some sense from you. |
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#5091 |
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Forum Member
Join Date: Aug 2006
Location: Dark Satanic Mills
Posts: 4,809
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Pointless actually trying to get some sense from you.
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#5092 |
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Inactive Member
Join Date: Feb 2016
Posts: 447
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Pop down to Waterstone's and get a copy of "Football Finance for Dummies" Frankly I feel the same way too but you have worked hard to get on my ignore list......
![]() You carry on believing the club is about to go bust. Personally ill trust a little more in the financial experts the club employ to run the finances along with all the reporters that state the club is the most profitable football club in the world and make profit every quarter whilst managing the debt just like so many worldwide businesses do every single day. |
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#5093 |
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Forum Member
Join Date: Apr 2004
Posts: 38,839
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Who gives a toss how much the club spend on a player? It's not our money.
They pay Rooney alone over £1m a month. They all live on another planet. So who cares? Always bemuses me some people talk like they have sleepless nights worrying that United have paid what they consider a few million too much for someone. I couldn't give a toss, it's what they do on the pitch I care about. |
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#5094 |
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Forum Member
Join Date: Aug 2010
Posts: 2,642
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Quote:
The other shareholders and financiers might well question the club spending money they have not got. No CL money either next year.
MUFC Trading and Profit and Loss. Perhaps the Glazers have the odd hundred million or two hidden under their mattresses! |
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#5095 |
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Forum Member
Join Date: Mar 2013
Location: Bristol, UK
Posts: 10,039
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Quote:
I will not repeat myself about what my concerns were prior to his arrival, as I think most people know what they are or were, so they do not need repeating again.
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#5096 |
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Forum Member
Join Date: Apr 2005
Posts: 69,132
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Quote:
Is there any chance of you applying that train of thought to everything else?
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#5097 |
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Forum Member
Join Date: Mar 2013
Location: Bristol, UK
Posts: 10,039
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Yes, I do try and keep the repetition to a bare minimum these days.
Still, it'd be a shame if Tuanzebe and 'TFM' weren't given much of a chance next season, eh? |
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#5098 |
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Forum Member
Join Date: Apr 2005
Posts: 69,132
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Quote:
Can't say that I've noticed, but I'll take your word for it.
Still, it'd be a shame if Tuanzebe and 'TFM' weren't given much of a chance next season, eh? Hopefully we get to see a fair few of the younger ones against Wigan. |
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#5099 |
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Inactive Member
Join Date: May 2016
Posts: 771
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Quote:
Who gives a toss how much the club spend on a player? It's not our money.
They pay Rooney alone over £1m a month. They all live on another planet. So who cares? Always bemuses me some people talk like they have sleepless nights worrying that United have paid what they consider a few million too much for someone. I couldn't give a toss, it's what they do on the pitch I care about. |
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#5100 |
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Forum Member
Join Date: May 2015
Posts: 2,957
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BBC reporting that Zlatan Ibrahimovic will not travel on Utd's pre-season tour to China.
That means Ibrahimovic's first game will probably be against Salford City in late July, or the friendly against Galataseray in Gothenberg, or possibly even the Community Shield. |
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