Manchester United have announced their net debt has increased by almost £140m in their latest financial figures, even after posting another revenue increase for the first quarter of 2019-20.
The startling increase in debt levels from £247.2m to £384.5m, a rise of 55.5 per cent, will do little to appease disgruntled fans, unhappy with the way the club is run by the Glazer family owners and executive vice-chairman Ed Woodward.
United have posted revenues of £135.4m for the first quarter of 2019-20 which represents a £400,000 increase on the same period for the previous year.
Commercial revenue was £80.4m, a 5.9 per cent increase on the previous year, but the club are expecting 2020 annual revenue to be down this year to somewhere between £560-580m, compared to £627.1m for the year ending June 30, 2019, even though the club's wage bill has dropped slightly.
In part that will be due to the club's lack of Champions League football this season. Broadcasting revenue for the quarter was £32.9m, a 23.1 per cent and £9.9m drop on the same quarter the year before.
"We have a clear vision in terms of football philosophy and recruitment," Woodward said. "The significant investments that we have made in recent years in areas such as transfers, recruitment infrastructure, analytics and our academy are already beginning to bear fruit.
"We are very proud to be shortly approaching a milestone 4,000th game featuring an academy player, and we are particularly optimistic regarding the considerable young talent currently coming through.
"Our ultimate goal is to win trophies by playing exciting football with a team that fuses graduates from our academy with world-class acquisitions."
Net debt has increased
posted on 19/11/19
comment by Big McTominay (U22257)
posted 11 minutes ago
comment by Roys Keane (U11635)
posted 3 minutes ago
comment by _Viva_Vida (U6044)
posted 14 minutes ago
What would you have done to counter the impact of SAF leaving?
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Some planning.
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Pretty much the extent of an answer o expected.
Quick to whinge but no actual solutions.
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I've told you many times to you and your previous accounts the restructuring that is needed on the footballing side of the club.
A DoF provides consistency to our recruitment and broad style of play. Ed's method of hiring and firing managers with different outlooks on the game is counter productive.
posted on 19/11/19
comment by Big McTominay (U22257)
posted 4 minutes ago
Hardly a shambles. You need some perspective mate.
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Perspective ??
From woodwards sole fan girl
posted on 19/11/19
Ed's method of hiring and firing managers with different outlooks on the game is counter productive.
______________
What was the "clear vision" and "football philosophy" in Jose's appointment
posted on 19/11/19
Trophies.
posted on 19/11/19
comment by _Viva_Vida (U6044)
posted 1 hour, 30 minutes ago
comment by Big McTominay (U22257)
posted 11 minutes ago
comment by Roys Keane (U11635)
posted 3 minutes ago
comment by _Viva_Vida (U6044)
posted 14 minutes ago
What would you have done to counter the impact of SAF leaving?
--------------------
Some planning.
----------------------------------------------------------------------
----------------------------------------------------------------------
Pretty much the extent of an answer o expected.
Quick to whinge but no actual solutions.
----------------------------------------------------------------------
I've told you many times to you and your previous accounts the restructuring that is needed on the footballing side of the club.
A DoF provides consistency to our recruitment and broad style of play. Ed's method of hiring and firing managers with different outlooks on the game is counter productive.
----------------------------------------------------------------------
A DOF offers no more consistency than a manager does, because they can also move on, be sacked, retire.
posted on 19/11/19
And it's no Ed's method. Its every clubs method. How many clubs appoint the same type of coach every time? Very few if any.
posted on 19/11/19
comment by Big McTominay (U22257)
posted 49 minutes ago
comment by _Viva_Vida (U6044)
posted 1 hour, 30 minutes ago
comment by Big McTominay (U22257)
posted 11 minutes ago
comment by Roys Keane (U11635)
posted 3 minutes ago
comment by _Viva_Vida (U6044)
posted 14 minutes ago
What would you have done to counter the impact of SAF leaving?
--------------------
Some planning.
----------------------------------------------------------------------
----------------------------------------------------------------------
Pretty much the extent of an answer o expected.
Quick to whinge but no actual solutions.
----------------------------------------------------------------------
I've told you many times to you and your previous accounts the restructuring that is needed on the footballing side of the club.
A DoF provides consistency to our recruitment and broad style of play. Ed's method of hiring and firing managers with different outlooks on the game is counter productive.
----------------------------------------------------------------------
A DOF offers no more consistency than a manager does, because they can also move on, be sacked, retire.
----------------------------------------------------------------------
The consistency is in the recruitment and style of play philosophy
Of course like managers dofs can also change for different reasons
Unfortunately in utds case ,fack up Ed is untouchable
His incompetence wouldn't have lasted more than a year at any other top club nevermind 6 years
posted on 19/11/19
But recruitment wouldnt be anymore consistent under a DOF than a manager, because the dog could move on, be sacked, or retire.
And I don't see the benefit of consistency in style of play, unless you happen to find the best style of play going, which you won't get unless you happen to bag the best tactical mind out there (unlikely)
In short, for every positive of a DOF, there is a negative.
posted on 19/11/19
And I repeat the consistency is in the style of play and a recruitment policy that compliments it
That wont change with a new DOF
It gets us away from the scatter gun approach we've witnessed these last 6 years under a clueless CEO
posted on 19/11/19
Style of play nor recruitment will be consistent if the DOF isnt around long.
And Rd hasnt had a scatter gun approach to managers
Apart from Moyes (who was appointed at SAF request) Ed appointed the best man for the job UNTIL Ole