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Thread: A closer, more honest look at United's investor call and figures announced today... debt is 495m, Glazer costs 1.7 billion!

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    Default A closer, more honest look at United's investor call and figures announced today... debt is 495m, Glazer costs 1.7 billion!

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    United results and conference call for the year to June 2018


    Revenue


    United announced record revenue of £590m (only Man City (£503m) have broken thru the £500m barrier but that’s with all the financial doping)
    But United’s financial juggernaut is slowing. Only 1.5% rise in revenue compared to 2017. Typically we have seen double figure rises (apart from year we missed out on Europe under LVG).
    Broadcast revenue up (£194m to £204m).
    Match day revenue down slightly (£112m to £110m) due to 5 fewer home games compared to 2017. Hopefully, no ticket price rises
    The interesting part is Commercial revenue
    nearly the same as last year (£275m versus £276) i.e. no growth
    In 2016 to 2017 it only increased 3%.
    When you compare the 4th quarter 2018 to the 4th quarter 2017, commercial revenue is actually down 6.5%.
    Has the commercial bubble finally burst with all the shite football over the last 5 years?


    Dickie Arnold said that some sponsors have not renewed so they have to replace those as well. Although he did say this was a “small” number.


    Part of the rationale to hiring Collette Roche as head of operations is to allow Dickie Arnold to focus on the commercial business. That said, since June United have signed deals Kohler, Chivas, and MoPlay. Plus extended deal with Melitta. So maybe there’s an upturn on the way. We’ll see when first quarter results are announced.


    United is forecasting revenue next year to be £615m to £630m


    Profit


    United’s cash profit (‘EBITDA’), which shows how underlying business is functioning, fell to £177m from £202m


    Debt


    Actual debt is £495m. We are not paying any of the debt off. Only the interest on it each year (£18m in 2018). We have been doing this for years. The club quotes “net debt” in its press release which is misleading because it’s a calculation of ‘actual debt’ minus the ‘cash in the bank’ as at 30 June. This is £495m minus £242m. It’s misleading because cash in the bank at June is high because of season ticket revenue and payments from UEFA. Cash is much lower later in the year. Keep the £495m in mind


    The total interest paid on the debt by the United since 2005 is a mind numbing £785m


    Wages


    Wages bill of £295m is highest in the league (City next at £260m). But wage to revenue ratio still at target 50%


    Ed’s Conference Call


    Much fuckwittery about social media (“most clicks…..” “fastest growing YouTube channel”…)
    Ed says club “aligned with fans to win trophies”
    Ed says United expect long-term financial trends are good because of the club’s Over-The-Top media strategy (see latest RN) and the proposed UEFA summer club competition


    Glazers’ Financial Rape


    Here’s an update and reminder of the money the Glazers have taken out of United since 2005


    a. Interest & Fees £785m
    b. Debt £495m
    c. Dividends £66m
    d. Shares Sales £416m
    Total £1,762m
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    Depressing

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    very. And they ain't going anywhere soon.
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    It's seems quite long if you keep staring at it for about 5mins Red News VIP
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    Could easily be around for another decade+

    Wonder if they do get approached from time to time from prospective buyers? You'd think so!

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    Imagine where would be now if that money had been kept within the clubs...


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    Quote Originally Posted by mattweeden View Post
    Imagine where would be now if that money had been kept within the clubs...
    Only if it had been spent correctly

    Barney - what's this proposed UEFA summer competition???

    Is Colette Roche a United fan?

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    Disgusting, what a bunch of twats - why don’t any of the British press publish these real figures that we’ve got on here?

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    Have you put the headlines from this on Twitter Barney? It should be shouted from the rooftops.

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