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Club Come here to laugh at United

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Few on here have already mentioned the debt refinancing from late last year it's no surprise.

Simply put INEOS are too broke to dig the club out of the hole, the cost cuts work for a conventional business but in a competitive sport where there are multiple wealthy owners it only pushes the club further down the pecking order. If United isn't acquired by a state backed venture or a very nuanced consortium the club is finished from a financial point of view.

Sir Jim puts his own liability at risk with the development of a new stadium, it's at a point where if there's no changes in the next 12 months the league should realistically step in to enforce sanctions against the club which will ultimately force the owners out. It's not sustainable.

:adegrin:

Yeah whatever.....they didn't even do that for Everton
 
Just a really really stupid football club. When Fergie left their finances were some of the best in the world, he was very careful on which big players they would splurge on and how big a wage they would give them but after he left it all went to shit.

Di Maria, Schweinsteiger, Falcao, Cavani, Ibrahimovic, Casemiro, Maguire, Pogba, Sancho, Antony, Mount, Varane...either a huge fee or a huge wage or worse a combination of both. This type of wreckless spending is well over a decade of incompetence that has flipped them from one of the tightest run ships to the comical club that has a dilapidated stadium and rats running all over the pitch (literally)
 
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