Generic small time football blather thread FOREVER

[Renton 20549]

24 minutes ago, wykikitoon said:

Listened to the Monday Night Club poddy.  They were mostly talking about what a basket case UNITED were.  Rory Smith who I like was sating how its still conceivable that UNITED could win the league by 2030 as they're such a big club and rich.  It's laughable init?  They're makiing loads of losses, Ten Nonce has spent £600m on his own. Yet we can't send fuck all.  Tell me how fucking bent it is.

 

Are they making net losses though? They must still make a fortune through corporate match day events and international marketing. 

[ewerk 29660]

11 minutes ago, Renton said:

 

Are they making net losses though? 

 

£370m over the last five years.

[The Fish 10522]

35 minutes ago, ewerk said:

 

£370m over the last five years.

 

Am I right in thinking that a decent amount of that are costs that are ignored by the PSR regulations?

[ewerk 29660]

They have to be otherwise they'd be in trouble but when you see them selling homegrown players like McTominay they have to be sailing pretty close to the wind.

[Dr Gloom 21470]

42 minutes ago, ewerk said:

They have to be otherwise they'd be in trouble but when you see them selling homegrown players like McTominay they have to be sailing pretty close to the wind.

he’s apparently doing alright in Italy. Another bad call from Ten Fraud

 

[ewerk 29660]

3 hours ago, The Fish said:

 

Am I right in thinking that a decent amount of that are costs that are ignored by the PSR regulations?

 

Quote

In mid-September United announced a loss of £113.2million for last season, taking the club’s losses over three years to £254.7million, well over the Premier League’s permitted PSR limit of £105million.

 

Clubs can adjust those losses for PSR calculations to take into account spending on the stadium, training facilities, and women’s and youth football, and United appear to have complied with PSR by being permitted to claim a Covid loss of £40million for the 2021-22 season.

 

The scale of the Covid claim by United was revealed in 2023 after the club were fined €300,000 (about £250,000) by Uefa for breaching its FFP rules. Financial results previously issued by the club show the Premier League allowed United to claim £40million as Covid-related losses but Uefa would not accept that figure.

 

The Covid claim was by far the highest of any Premier League club for that season — in fact United’s £40million Covid claim was double all the other 19 top-flight clubs combined. It is understood United claimed the £40million due to cancellation of their summer tour and bad debts caused by a commercial partner insolvency.

 

[The Fish 10522]

5 minutes ago, ewerk said:

In mid-September United announced a loss of £113.2million for last season, taking the club’s losses over three years to £254.7million, well over the Premier League’s permitted PSR limit of £105million.

 

Clubs can adjust those losses for PSR calculations to take into account spending on the stadium, training facilities, and women’s and youth football, and United appear to have complied with PSR by being permitted to claim a Covid loss of £40million for the 2021-22 season.

 

The scale of the Covid claim by United was revealed in 2023 after the club were fined €300,000 (about £250,000) by Uefa for breaching its FFP rules. Financial results previously issued by the club show the Premier League allowed United to claim £40million as Covid-related losses but Uefa would not accept that figure.

 

The Covid claim was by far the highest of any Premier League club for that season — in fact United’s £40million Covid claim was double all the other 19 top-flight clubs combined. It is understood United claimed the £40million due to cancellation of their summer tour and bad debts caused by a commercial partner insolvency.

 

 

That's genuinely outrageous  The reasons look like absolute arm-chancery as well.