Manchester United have published their financial report for Q2 and, surprise, surprise, they still owe absolutely tonnes of money.
Sharing the figures for the three months leading up to 31 December on Thursday as we approach the end of the tax year, the club revealed that, in total, the club still owe just shy of £1 billion in various outstanding sums.
Not only does this mark nearly 18 years of debt since the Glazer leveraged buyout in 2005, which immediately put them in over £500 million’s worth of debt, but it also means that the total amount has grown larger and the chances of an imminent takeover are now even more likely.
Breaking down the figures into different sections, Sky Sports News’ Kaveh Solhekol explained how although’s United principal debt remains at approximately $650m, a change in the exchange rate meant they owed £535.7m compared to £477.1m at the same point in the previous year. It’s still growing…
Through a combination of gross debt, bank loans and transfer costs with associated fees still yet to be paid, the club owe a whopping £969.6m in outstanding sums. Crikey.
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On top the flat rate of debt, £206.2m has been taken from a rolling credit facility (various loans), with another £227.7m owed in outstanding transfer fees, having spent £211.5m on incoming players last summer and a further £49m in the January transfer window as well.
On the other side, despite an increase in debt has increased and overall revenue dropping by 10%, commercial revenue is said to have increased by 43.2% from just £6.3m to over £50m.
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The board have insisted to the BBC that figures are evidence of a “stretched” financial situation and that income such as ticket sales are looking as “impressive” as ever. However, it is also worth noting that wages have only gone down mainly because the team dropped out of the Champions League.
Furthermore, although none of the Glazer family members took out a dividend for the first time in six years, they also failed to have an investors’ call following the latest financial statement given the ongoing discussions with bidders looking to buy them out.
There are still said to be as many as eight candidates looking to buy the club, with Sir Jim Ratcliffe and the Qatari’s still leading the race — though new legislation on ‘fit and proper’ owners soon to be brought in by the Premier League could prove problematic for the latter given their human rights record.
Elsewhere, one of the other bidders is Finnish businessman Thomas Zilliacus, whose approach to buying the club is an interesting one, to say the least, and while potentially ‘debt free’, it would take some doing.
‘Get off the pitch and shut up’: Jamie Carragher slates Man United trio for behaviour after 4-0 defeat
Danny Jones
Jamie Carragher was left slating André Onana, Mason Mount and Antony dos Santos for their behaviour after the full-time whistle of Manchester United’s 4-0 drubbing at the hands of Crystal Palace, telling them to “just get off the pitch and shut up“.
The Liverpool legend and ex-England international was in the studio for Monday Night Football as per and didn’t hold back on his criticism of United all evening, labelling the game an “embarrassment” and even going so far as to call them “one of the most poorly coached teams in the Premier League”.
However, it was the behaviour of the aforementioned Man United trio that particularly riled him up from a former player and pundit’s perspective, who cameras caught deliberating over something in the game and covering their mouths with their hands to prevent any lip-reading as they walked towards the tunnel.
No nonsense and no holding back.
Interjecting as Sky Sports host noted Antony, Mount and Onana discussing something, Carragher couldn’t help but interject: “Just get off the pitch! Talking and whispering behind your hand? You’ve been awful!
“[Antony’s] probably talking about one of the players, or somebody else, or the set-up or the manager—just shut up and get in. Honestly, it’s embarrassing.”
These three weren’t even the ones to get the biggest stick either, with Carra clearly having it out for Casemiro following his admittedly poor performance, having once again been deployed as a makeshift centre-back due to the club’s ongoing injury crisis.
The 46-year-old added, “I think Casemiro should know tonight that he should only have another three games left at the top level”, going on to advise from one former pro to another ageing one, “Leave the football before the football leaves you”.
Now 32, despite having arrived as somewhat of a crucial saviour figure in the Man United midfielder last season who can still chip in with the occasional goal too – albeit one prone to reckless challenges and the odd injury – it’s fair to say his performances haven’t been great over recent months.
As for his side, they managed yet another unwanted feat under Erik ten Hag after recording 13 losses with Monday night’s result, the most they’ve ever recorded in a Premier League season; the four finishes also saw them reach a total of 81 goals conceded, the largest tally they’ve ever let in.
The result sees the Red Devils sat in 8th just five points ahead of West Ham, who’ve just sacked former United boss David Moyes for the second time, and minus three on goal difference.
Is it time up for the likes of Casemiro and, more importantly, how much of a chance does ten Hag have of keeping his job?
The player celebrations from Stockport County’s League Two trophy presentation are glorious
Danny Jones
If you’re a Stockport County fan, you’ve had a very good year as the Hatters have just been crowned League Two champions and will be back in the English third tier next season – safe to say they’ve been making most of the trophy celebrations.
Players and staff very much included.
Edgeley was filled with flares and even people climbing on rooftops when they officially secured promotion back to League One for the first time in 12 years – the second time they’ve managed to go up in three seasons – and there was a great attendance in Stockport town centre for the bus parade.
But it was last week’s trophy presentation back at the stadium that produced some of the most memorable scenes, with County topping off a season of impressive and often high-scoring performances on the pitch with plenty more pageantry. Cue the music.
We still haven’t stopped laughing at Kyle Knoyle.
From bringing Isaac Olaofe’s ‘Tanto’s on fire!’ chant to life to hammering home puns on names like Fraser Horsfall, no matter how obvious, these are the kind of deeply unserious celebrations we expect from a trophy presentation.
County fan or not, you’ve got to admit it looks like a good party.
It’s moments like these that players, fans and staff work hard all season for; to prat around like muppets in front of their adoring supporters. They even got assistant coach, Clint Hill, in the mix and, as it turns out, he proved to be one of the biggest ring-leaders.
We sincerely hope the Hatters keep trickling out more of these party scenes as we know there’s plenty more that fans would love to watch back.
We’re still yet to see captain Paddy Madden, who won Player of the Month for April, and the gaffer himself, Dave Challinor, who has comfortably secured his legacy as one of the club’s all-time greats.
Challinor and the club have made no secret of seriously eyeing up the Championship and who knows what else at County’s momentum continues to build, especially with a huge stadium redevelopment kicking off soon.
What do you reckon, Hatters – do you reckon a third promotion could be on the cards?