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…
🔴 Breakdown of Manchester United's Q2 financial figures
📈 Debt up to £535m 📈 Borrowed £206m – totalling £741.9m ❌ Glazer family will not be taking a dividend in this quarter 📉 Wage bill is down 21% – decrease of £20.4m
In case you weren’t aware of just how much United still owe…
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.
The proposal even involves an app where fans will 'control club decisions'.https://t.co/Im5qgDyyOC
Wigan Warriors make history after yet another Super League Grand Final victory
Danny Jones
Wigan Warriors have made Super League history after winning yet another Grand Final following what can only be dubbed a spellbinding season.
Beating Hull Kingston Rovers 9-2 in what was their 13th Grand Final, not only have they now lifted the trophy for the seventh time but they have also become the first team in the Super League era to win the hallowed quadruple.
To make things even more special, the landmark evening in Manchester saw them match the same achievement of winning all four major pieces of silverware 30 years on from their famous Wigan predecessors in 1994, and are one of just a handful of teams to ever do so.
Matt Peet’s side signed off on an incredible year after winning not only the Challenge Cup and World Cup Challenge but by lifting the League Leaders’ Shield and retaining their Grand Final.
Star-man Bevan French put them ahead in the game before Harry Smith gave them breathing room before half-time and despite Hull KR answering back with a penalty in their first-ever visit to the final, Adam Keighran’s kick helped make sure the Warriors made it over the line.
That’s a couple of Challenge Cups, two lots of League Leaders’ Shields, a World Cup Challenge and a pair of successive Super League Grand Final wins in just 99 games over eight months as head coach for Peet too. Generational.
While the likes of Bradford and St Helens have won all four prizes up for grabs over the course of two seasons, a record like this is simply sensational and well and truly puts them up there as one of if not the greatest rugby league side ever – as if they weren’t in the conversation already.
You can see how much it meant when they lifted the trophy:
Things look to be only getting better for the Cherry and Whites under the Wigan local and they seem to be more fitting of their Warriors title under his watch than arguably ever.
Speaking to Sky Sports after the game, winner of the inaugural Rob Burrow Player of the Match award French said: “It’s been an emotional week. We knew history was on the line, with the chance to be the first to win all four in a calendar year.
“This one just meant more. The club went above and beyond to surprise me by flying my brother and uncle over, so this is special. I might not ever get to feel like this again. I’ve got to take it all in.”
Winning the quadruple in the modern era doesn’t just beckon Wigan Warriors into the history books, it could signal the start of a new period of dominance as was seen in the 1980s and 90s. Are the Saints about to make way for a new Northern super-power?
You can watch the highlights from the 2024 Betfred Super League Grand Final and see how Wigan completed the quadruple down below.
Wigan Warriors are now third in the table of all-time Super League Grand Final winners too.
Bolton boss Ian Evatt charged with misconduct by FA after squaring up to Shrewsbury player
Danny Jones
Bolton Wanderers manager Ian Evatt has officially been charged with misconduct for squaring up to a Shrewsbury player following the full-time whistle.
Evatt was sent off as a result of his reaction which began with his complaining to the referee about the eight minutes of added time that were tacked on to the end of the game which ultimately ended up in a 2-2 draw.
The 42-year-old was unable to contain his frustration and although multiple players on both sides were trying to defuse the situation, the incident unfolded all too fast and the Bolton manager suddenly found himself pressing his forehead against Shrewsbury defender and captain Morgan Feeney.
You can see the moment he saw red (quite literally) here:
Ian Evatt charged by the FA for misconduct after this.
This isn’t an isolated incident either. He has a history of letting his emotions take control when things don’t go his way.
Following an investigation by the FA, Evatt has now been charged with “improper and/or violent” misconduct for leaning his head against Feeney’s and was given until Thursday, 10 October to respond.
Although he has yet to issue an official statement following the decision, Evatt did speak to BBC Radio Manchester shortly after the altercation, admitting: “I’m disappointed and I’m not happy with how things turned out.”
“There wasn’t an issue with the referee [Declan Bourne] at all, we were discussing the timing situation”, he clarified, going on to add: “There was context to my actions. Their player grabbed me and was saying some not-nice things and I reacted in a way I shouldn’t have done.”
Nevertheless, many fans have remained enamoured with the Coventry-born coach’s passionate albeit sometimes overzealous behaviour on the touchline even if recent results have been very up and down for the Wanderers.
It was only last season that the Greater Manchester side narrowly missed out on promotion after losing the playoff final to Oxford United, having also fallen foul in the previous season’s knockout stages.
The Trotters missed out on the next round of the EFL Trophy competition following a tense but wasteful draw against Aston Villa’s under-21s before losing 4-1 on penalties in their previous game.
As for what’s up next following Evatt and the misconduct charge, his side have the international break to gather themselves and prepare to take on Burton Albion FC back in League One on Saturday, 19 October, where a win feels all but essential given the current atmosphere of the club.
What do you reckon, Bolton fans – Evatt in or out?
Danny Jones -
31st March 2023 
