Quarterly Quarrel - The Financial Discussion Part 5

Haven’t read that article, but another said it was down 6% which is accounted for by us having 2 fewer home games at the same time.

 

Having fewer home games appears to be the consensus as to why revenue is down. By all accounts, Woodward was relaxed and confident about the current situation as well, not looking worried one but about our current position (and that things will eventually be set right).
The reports about him, our transfer strategy look to be all over the place in the media (as expected) but his comments during the conference call suggest he is still confident in Mourinho, which could suggest he will be backed in some way financially in January.
Don't mind saying I'm a bit disappointed, as it looks Mourinho is safe at least until the end of the season or thereabouts. It's nothing personal and if I had faith he could engineer a comeback, then obviously he would get my support, but I just do not see how it will happen. We might show some progress here and there, but not the sustained quality required to crack the top 4 in the end.

 

United's share price has suffered it's biggest drop in over a year.

www.espn.com/soccer/manchester-united/story/3705269/manchester-united-share-price-suffers-biggest-drop-in-over-a-year

 

Yeah but not enough to see Glazers making drastic changes ..

 

Selling it was a good decision.

 

Come on syed. You know this goes beyond United at the present time. Selling most anything a few weeks ago was a good decision.

 

Sure but I think the revenues have topped unless we start winning again.

 

Just read a rant by @Sofabloke. Most fan feel the same way. Sponsors won't keep wanting to spend their dollars on a club with a disillusioned fanbase. I think if this continues you will see erosion of fans, dollars, sponsors and financial performance and stock price. Is it possible that the drop is due in whole or in part to club sucess or lack of it couple with bleak outlook?

I think the market is reflecting the state of the club and that is being camoflagued by market performance across the board.

 

The market in general has taken a dip lately, so we can't claim with any certitude why United's stock has dropped, not yet at least. It could be results based, although that seems unlikely since poor/mediocre are nothing new unfortunately in the past 5yrs. The current state of the market and the resulting fluctuations are a more likely cause for what happened last week.

 

As expected, United's share price has gone up pretty significantly today, after news of Mourinho's firing.

 

United made money by firing Mourinho.

www.skysports.com/football/news/11667/11585821/manchester-united-made-money-by-sacking-jose-mourinho-says-finance-expert

 

Yeah, it was always going to be cheaper to sack the manager than to buy world class players. Not saying that it's a unique situation, but still.

 

We could have bought him a stable of world class players, JM would have had them all playing anti football.

 

A look at how much money the Glazers have taken from United.

www.therepublikofmancunia.com/shocking-figures-show-how-much-the-glazers-have-taken-from-united/

Interesting and hardly surprising tbh. Plus, it can be argued that considering the aggressive business plan they (via Woodward) have implemented, that all but maximizes how much money the club brings in, I guess it could expected that proportionally, they would take a bigger cut for themselves, compared to other clubs.
At the end of the day, it's not like the club has been frugal when it comes to transfers (particularly in the last 5yrs), wages and so on. Could they do a little more? Perhaps, but what matters more than anything else is for the money we spend to be done correctly and wisely. And that is where a DoF comes into play and why it's vital this gets done ASAP.

 

United are the wealthiest club in Europe, according to a UEFA report.

www.telegraph.co.uk/football/2019/01/17/manchester-united-wealthiest-club-europe-premier-league-dominates/

 

Do you read what you post?

The title of the article misrepresents its content.

The Glazers haven't lined their pockets with 800m - they've serviced the debt. They've also grown the club in every possible facet, so I think they've done a fair job.

Anything, at this juncture, which seeks to criticize or ostracize the Glazers just reeks of whimsy and typical British xenophobia.

 

Technically, most was corporate debt (not all I know).

Legally speaking, there is a difference.

Morally, that's the debate.

 

Okay.

So did they put the money in their pockets the way that the article title inferred?

 

I believe the word your pedantry is searching for is, 'no'.

 

Clearly they need explaining to someone.

 

Overview of Woodward's conference call with the club's investors and shareholders.

https://www.manchestereveningnews.c...ball-news/man-utd-woodward-call-live-15830222

 

Mourinho's firing cost the club close to 20mil Pounds.

https://www.skysports.com/football/...ted-dismissal-cost-club-19-6m-in-compensation

Money well spent, without a shadow of a doubt.