Thumping Great Loss at Manchester United

[Dedworth]

£83.6 million loss, debt rises to £521.7m.

http://i.telegraph.co.uk/telegraph/multimedia/archive/01734/manchester-united_1734823c.jpg

http://www.telegraph.co.uk/sport/football/teams/manchester-united/8050322/Manchester-United-announce-record-operating-profit-of-100.8m-but-post-83.6m-loss.html

It won't be long before the banks recall their loans on the boarded up shopping malls

[bornatbirth]

it will never happen :D

[Dedworth]

it will never happen :D

They were saying that 2 years ago about Woolworths ..........I just heard a financial expert on the radio declare that the financial situation at Sold Trafford was "utterly unsustainable"

[somebody]

One of the big clubs will go bust soon and due to the type of debt ie with big financial institutions who the premiership/FA will find that their rules don't count for much and with the FA i believe hugely in debt possibly with the same Institution's at the top of the tree wanting their debt back..

[les_taxi]

it will never happen :D

Totally agree,Last week it was Liverpool facing ruin,now looks like they will be ok.
Someone will end up buying man utd hopefully not a yank:xxgrinning--00xx3:

[KeithD]

Maybe the leader of N Korea will buy it ..... they'll be totally open :omg:

[tomboo]

the club still has a value far greater than its debt, therefore it will not go out of business in the short term.

the threat is that once trophy success dries up, so will many income streams.

Woolworths is not exactly a global brand so hardly a comparison. Football does not need rich owners, it needs businessmen with a passion for the game and real supporters. The thing i really dont understand is since Sky got involved and so much money came into the game, transfers became stupidly high, only the players make money in football, what other businesses (outside of banks) allows its employees to to be the only people making amazing money/profits? I cant understand why the likes of the respective football leagues around europe cant come up with something like salary caps or a better solution to average players making millions a year

[jimeve]

I would be gutted if Man youuuu was to go under administration :rolleyes: :NoNo::NoNo:

[les_taxi]

I would be gutted if Man youuuu was to go under administration :rolleyes: :NoNo::NoNo:

Won't happen:xxgrinning--00xx3:

[somebody]

the club still has a value far greater than its debt, therefore it will not go out of business in the short term.

the threat is that once trophy success dries up, so will many income streams.

Woolworths is not exactly a global brand so hardly a comparison. Football does not need rich owners, it needs businessmen with a passion for the game and real supporters. The thing i really dont understand is since Sky got involved and so much money came into the game, transfers became stupidly high, only the players make money in football, what other businesses (outside of banks) allows its employees to to be the only people making amazing money/profits? I cant understand why the likes of the respective football leagues around europe cant come up with something like salary caps or a better solution to average players making millions a year

But thats the whole point Woolworths was a national treasure which it was thought somehow a concession would be made or a white knight (not micheal knighton :icon_lol: ) might come in to save it. But for many Woolworths was about childhood memories not about today or the future. If as you say success dries up then its the same for Man utd..

Dont think the bulk of people who are descibed as fans in the rest of Europe, asia or africa care if Manchester utd goes to the wall if they lose the sucess they had. They will simply pull on their real madrid or Ac milan top or whoever becomes successful in the Premiership..

In a nutshell EU regulation Ufea have got some concessions but they know if they try a salary cap the players will sue on mass and the G14 will most likely breakaway as the players will be tempted to Asia or somewhere else where high wages can be paid. People in Europe, the americas, africa or Asia dont care about who adminstrates football. American Football and Basketball etc get away with salary caps which are circumnavigated anyway as no other major ecomonies untill recently had decent leagues..

The diference between sucess and failure is very small and a few seasons is a long time size of support helps of course but already around my way in middlesex and Surrey seasons ticket holders I know have either given up or thinking about doing so. As its not the cost of the season ticket but the cost of travellling up in time and money. Midweek game to watch Villa is one thing watching Coventry may not appeal so much which would really tip the balance..