Oren
11.1K posts

Oren
@OrenJack
In this citrus-sucking sunshine, I don't care | 103.5

Farewell to Suleiman al-Obeid, the 'Palestinian Pelé'. A talent who gave hope to countless children, even in the darkest of times.

ASMR: Illegal Alien Deportation Flight 🔊


It can't be understated Manchester United how badly has been run into the ground by the Glazers. I don't think fans fully comprehend the club's financial situation, let's summarise some key points shall we? - £149.6m in the bank as of September, plus the £79m added by SJR. Cool, right? It isn't from liquidity, this money is from loans or INEOS investment. The cashflow was -£86m, -£44m the year before that. - That's not to mention £319m in transfer fees owed, with £154m due within a year. The bill is coming due on a credit card the Glazers wore out using, not to mention the £230m owed on the revolving credit facility. - £166m paid in dividends over a decade long period by the Glazers, with £790m of interest payments since their takeover. - SJR has put in £237.5m as part of his agreed investment, which has helped. It makes no sense for him to put in more, because it strengthens the Glazers position as sellers of the club. - Cutting costs & selling players is the only way to get money into the club in the short term until they can become Champions League quality club & restart cashflow INEOS aren't angels, but they aren't the devil either. This will take time to run around. We knew it would take hard decisions - which we've already seen, but it'll be even more confronting when players are sold too. The first step to fixing a problem is acknowledging there is one. And Manchester United's? It is sizeable.








