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Man United Supporters Thread (Part 50)


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Old 13-07-2016, 18:36
percygumtree
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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.
Then why are you so bothered about it? Seems you are unwilling to back up your argument. Which is it by the way? That the club has no money or that they are wasting loads of it?

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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Old 13-07-2016, 18:40
TeeGee
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Yes? No-one has argued otherwise. The point is though that they spent the 250million which you seem to believe they dont have.
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.
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Old 13-07-2016, 18:42
percygumtree
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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.
What are you on about? No-one has said the 250million spent is a profit.

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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Old 13-07-2016, 18:44
TeeGee
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What are you on about? No-one has said the 250million spent is a profit.
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.
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Old 13-07-2016, 18:46
percygumtree
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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.
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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Old 13-07-2016, 18:47
TeeGee
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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.
I have told you what is "earned" and it is not very much in relation to the spending.
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Old 13-07-2016, 18:49
percygumtree
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I have told you what is "earned" and it is not very much in relation to the spending.
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.
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Old 13-07-2016, 19:02
TeeGee
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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.
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?
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Old 13-07-2016, 19:02
Flukie
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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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Old 13-07-2016, 19:05
percygumtree
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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?
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.
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Old 13-07-2016, 19:10
Stilton Cheesew
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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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Old 13-07-2016, 19:13
TeeGee
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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.
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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Old 13-07-2016, 19:16
percygumtree
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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..
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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Old 13-07-2016, 19:18
TeeGee
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Then why on earth are you bringing profit and loss into it when discussing money spent on transfers in the first place??
Because profit generates cash which goes into the bank and can be spent on anything they like.
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Old 13-07-2016, 19:23
percygumtree
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Because profit generates cash which goes into the bank and can be spent on anything they like.
Sorry but you started moaning about the club spending money because of this profit and loss spreadsheet you posted. you said they cant afford to be spending money based on it.

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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Old 13-07-2016, 19:26
TeeGee
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Pointless actually trying to get some sense from you.
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......
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Old 13-07-2016, 19:32
percygumtree
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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......
Im sure I'll live quite happily.

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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Old 13-07-2016, 19:56
Flukie
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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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Old 13-07-2016, 21:17
Banana Rama
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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!
if the glazers are not managing to pay off the loan as quickly as they originally planned who gives a ****, thats there problem, do you expect us to be upset because the money that the club generates is being spent on players instead of lining the glazers pockets? manchester united is a massive financial juggernaut that makes shit tons of money, the club is in no danger whatsoever of going under so there is nothing to worry about with regards the finances.
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Old 13-07-2016, 21:31
Jim De Ville
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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.
Is there any chance of you applying that train of thought to everything else?
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Old 13-07-2016, 22:41
batdude_uk1
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Is there any chance of you applying that train of thought to everything else?
Yes, I do try and keep the repetition to a bare minimum these days.
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Old 13-07-2016, 22:43
Jim De Ville
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Yes, I do try and keep the repetition to a bare minimum these days.
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?
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Old 13-07-2016, 22:54
batdude_uk1
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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?
It would I agree with you there.

Hopefully we get to see a fair few of the younger ones against Wigan.
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Old 14-07-2016, 07:48
Stilton Cheesew
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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.
I think its relevant when you are looking at the opportunity cost of buying a player for a large fee. I don't think there is anything wrong with discussing that.
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Old 14-07-2016, 09:16
Chief_Wiggum
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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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