Why Manchester United’s profit mustn’t drop below £65m

Why Manchester United’s profit mustn’t drop below 65m
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Football finance is complex. Manchester United’s finance is even more complex. Manchester United are unlike any other football club in the world. As Laurie Whitwell writes, due to the complexity of their finances, their profit must never drop below £65million.
In a year of uncertainties could Manchester United fall below that £65million mark?
What would be the consequence?
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#ManchesterUnitedFinance #GlazerFamily #ManUnited

[@joshuaentwistle7887]

A club that has better relations with investors and banks than it does with its fans and other clubs. Ladies and gentlemen, Manchester United

[@caribbeangaming7970]

I wanted to hit like buh "69" is a cool number. Manchester united in a nutshell

[@falconmbangiwa1005]

Well said

[@SlowDay1651]

Idiot united fans that shit on teams like City and other buy outs from Arab princes. You're in bed with banks, they're in bed with backers from overseas. I see no better in either.

[@theportugueselegend]

@@SlowDay1651 Still better than buying out the league to win it and still better than buying your success and most of the fans

[@ggg-eg5pz]

A football club should never have relations with supporters. Most supporters are uneducated peasants.

[@MrLeonssp]

Who will pay half a million wages to three goalkeepers alone when only one can be played. That is UNITED.

[@kaivalyashah]

Don't forget that amount is PER WEEK

[@sreejiths5902]

Actually we have 7 GKs. Thank god, 2 of them are out on loan now, Matej Kovar & Joel Pereira. We have now DDG, Henderson, Romero, Grant & 20yr old Nathan Bishop who we signed last January.

[@SolidusSnapes]

@Fruity Fred Liverpool keeper is injured. It happens. what are you going to do, put a defender in nets?

[@MrFooFighter13]

Who has a Premier League squad of 25 players, when only 11 can be played. That is UNITED.

[@Rustylad12]

3:06 Love the fact that the Glazers sketch gets uglier by each Tifo video

[@bear1245]

Like their time at United. Never known a more hated set of owners! Maybe the Venky lot

[@bear1245]

TC 11 not talking about furlough

[@Chromeals]

@TC 11 glazers used none of their money, they've never put a dime into United.

[@derekmc9815]

Manchester United staff recruitment Person 1 : I am good at playing/analyzing football Woodward : Erm...sorry (sweats profusely) Person 2 : I am a creative accountant Woodward : You're hired!!!

[@joren3124]

Person 3: iam the most ugly person in the UK. Only fake people like me but i can make you americans some money HIRED!

[@fo7867]

@@joren3124 person 4: im an expert advertisement and sponsership. Woodward: hired.

[@slipping_back_into_the_gap7623]

Person 5: one two three four. That's all the numbers I know. Woodward: 😱 the chosen one Hired as a manager for 20/21 season, Three games in Person 5: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Woodward: I am sure third time will be a charm🤞

[@peterhelmore2766]

and what about wooward's offsider ,,,,,,,,,,,,who is the real culprit for the debarcle !!!!!!!!!!

[@rejeeshreji91]

Do you think why clubs like Milan and Manchester United need a director of football? And can you do another video about it.

[@theicekiller7574]

Because they keep changing managers who have different philosophies and it's making their team without a vision. For example Mourinho wanted strong CBs, now OGS wants CBs that are good with the ball. Or one manager wants to play a 4231, another wants to play a 352 and when they come they need to make signings. A DOF would have a plan for the direction the team wants to go and what players to sign, so that the team isn't in a constant state of transition, but actually have a vision for how they want to play and who to buy

[@sofixa11]

Milan have a sporting director in Paolo Maldini, and he's more or less in charge of recruitment, including the manager, and overall direction of sporting matters

[@k_rimi3.455]

We already have Maldini and he has done an excellent job

[@eshai27]

We definitely need a director of football.

[@bluepanda9002]

They’ve done podcasts about United many times, pretty interesting if you have the patience to watch

[@pietropes1322]

Bloody hell, football is so depressing these days, when you hear videos like this and it really cements it... all about money, profit, banks, deals, share holders, agents etc...what the hell happened? Another great video bty

[@lagofala]

It's a business. No money, no good players.

[@CassiopeiaOnYT]

Money speaks.

[@lagofala]

@@CassiopeiaOnYT of course. If not we'll all be watching amateur sports.

[@muathalhisham9393]

Football wouldn't be the global sport it is today and most popular one without this money

[@Caswell19]

Every single sport has always been a business outside out Ireland. I don’t know why you’re surprised. This is nothing new.

[@ibrah17m]

I already know that this is a good vid before even seeing it.

[@r4lfxd]

Ikr? I hate my life

[@thatothamae1394]

Bruh

[@Igwe1511]

From the Atlantic

[@poonamkejriwal3106]

Me too

[@ibrah17m]

Fruity Fred Ironic

[@franssefoko8719]

The pain my ex put me through is nun compared to what United is doing to me😭😭😭😭

[@aqikaxar9995]

Straight facts, we been pissed off since 2013

[@ianfiveankles650]

Couldn’t have said that any better 😢💔

[@andyc6542]

Learn how to spell pal. It’s none.

[@bharathsf]

Please correct me if I am wrong, basically Glazers bought our beloved Manchester United, in debt with high interest rates (which is how middle class people like us can buy small flats) but they are paying the debt from the money Man Utd makes and not from their pocket (which is how middle class people like us, usually repay) but if Man Utd makes a lot of money, that money can (and most probably does) go to the owners which they can use as they see fit. So basically us fans give our hearts out, the players and the manager give their all and Glazers make the money. No wonder Evra was so emotional!!

[@nagraj2k1]

That’s how an LBO works. They’re banned in India

[@Andychiu845]

The glazers consider man utd as one of their business. They only care about making money. Basically like you and i invest in a business. Then use that business to make money in order to repay the investment debt

[@sycoanalyst]

Uh, you are wrong. Way wrong. You have a misguided understanding of what "debt" is and hold the equally misguided and naïve notion of what it means to make a profit. Giving your "heart out" is free. MU is an active club that is playing games in public. Hence, your "heart" is getting value in exchange. If you "pay" to attend a game or for a shirt, or whatever, as long as they don't prevent you from entering the stadium on game day or they renege on handing over the shirt, you got exactly what you paid for. But it seems you believe that you "deserve" more for all the feelings you've "spent" and that perhaps it is you that should profit. Interesting how you paint the Glazers as the bad guys.

[@harrisonsugarman8490]

@@sycoanalyst Because they are buddy

[@kevinmathew7613]

@@harrisonsugarman8490 just put yourself in their shoes. Won't you do the same? Aren't we all money minded? Don't say no, if that's the case then go ahead and buy the club and invest without a care. Financial stability is required for any business. Be patient.

[@andiewolstenholme9699]

I've not seen the video yet but I know it's the Glazers fault. It's always the Glazers fault.

[@varunpramod669]

@TC 11 you're *

[@bear1245]

Greedy Glazers 🤮

[@slipping_back_into_the_gap7623]

@TC 11 you mean only backed when the team is out of top 4? The glazers are bad guys, period.

[@andrewphippsphillips1455]

The Glazers are just shits. We have our own equivalent in Tyneside, a big fat Cockney gambling p155head

[@Chromeals]

@@andrewphippsphillips1455 it's sad. Big clubs like us owned by money grabbing owners who have no ambition to make us win again.

[@Chromeals]

It's depressing to see big clubs like United owned by money leeches like the Glazers. No ambition to strengthen properly and become that winning side again. No football structure at the club, paying poor wages and getting your pants pulled down for players like Maguire at £80m. I'm depressed.

[@theportugueselegend]

What buggers me it's that they can't see the commercial and financial success that can come with the on pitch success. Look at City

[@sumanchhetri1809]

Amazing work, ur next video should be about 'Why Man Utd needs to get rid of Glazers'.

[@marktaylor6491]

More importantly, how. Short of assassination.

[@Sguness69]

These are some of the best football videos on KZbin. The information in them is unparalleled anywhere!

[@gabrielwakkary9608]

at this point tifo's contents are getting so good, i feel bad watching it for free

[@wack...]

@Shrader926 the Atlantic lmaooooo

[@SantomPh]

@Shrader926 i prefer the Indian, better food

[@FarhanMaulana17]

@@SantomPh the Pacific is way better

[@blenderboy1900]

I don't

[@vex_13]

@Shrader926 *The Athletic.

[@stevendchu]

I still can't believe United have the HIGHEST wages in the Prem. This for a team that hasn't won a trophy since 2017, came 6th in 2019, and finished 33 points below the champs in 2020?

[@AndroPops]

"Why man united profit mustn't below £65 mil?" . . . . . . . . . . . . . . Because the glazers need to pay they debts... Simple as that

[@rejeeshreji91]

Nope, bcoz banks will increase the interest of the debts. United didn't spend lavishly bcoz they wanted to support the staff without taking Govt aid, while teams like Spurs, Liverpool used govts aid to support staff and used their own finances for signing players. Arsenal layed off many staff and now is signing 40million players, clearly they had the money. They didn't care about their staff. I think Glazers are the good guys now, but they don't have any clear idea about running the on pitch football aspects of the club.

[@parthgolhar]

@@rejeeshreji91 what about last seasons lavish spending

[@whitesaladchips]

@@rejeeshreji91 what about the money taken by the owners from the club for the past 15 years to pay their debts? Obviously spending money doesn't guarantee success but spending for right players like liverpool does work. United is a club with huge reputation, public image and makes enough money to challenge clubs like barca and madrid. The problem is the poor recruitment of players, huge wages and signing players because of hype and not talent. Club finds itself in a position with no clear ambition, a team with average players, a coach with relies on form and players on huge wages. We can neither sell nor buy players, but owners still make money because of the club image. Wait for 5-6 years and we will be like ac or inter milan.

[@MRLONG758]

@Elliot Y Man Utd has spent over £900 mill in transfers since Fergie left. The issue isn't spending, the issue is not spending wisely and not having any plan or direction. We have a money guy making footballing decisions.

[@fuego667]

@Dave Brookes Where as my club paid our staff in full, gave free food to the NHS, had them stay in the 5 star hotel and spent good money. Proud of our Owner.

[@yahoojab]

"This exam represents 0% of your final mark - it's just a visual device in a Tifo video and it can't hurt you" After the exam I had this morning (luckily it went alright), the reassurance was welcome, lads. Thanks for the great content as always!

[@adam6543]

Was it a level resits?

[@youngaviator9249]

Manchester United I just had a test also keep in mind it’s only my 2nd week in school and doing gcse then next is a levels 🙄😓

[@adam6543]

@@youngaviator9249 no people r doing gcse and a level resits this week and next week. I was supposed to do them.

[@yahoojab]

@@adam6543 Nah, an university exam. Fortunately it went well!

[@fahim6898]

Manchester United can I ask how come you never did them. I’ve got mine in 2 weeks but still not sure if I should ive got to make a final decision by next week 😅

[@shomgerry]

A business... not a club.

[@nottsoserious]

Just like Barcelona! The scorelines are looking like Barcelona too, except Barcelona lost to the best team in Europe. Not that I, a Liverpool fan, can talk after getting slapped by Villa

[@noelrockz1]

Kushagra Tiwari Barca got incompetent people in the Board. United got a business minded incompetent people in the board. Woodward is definitely worse than Bartemeou.

[@bulumknomagongwa7667]

Kushagra Tiwari but atleast Barca are gonna have a new president in March and you guys won the league and the champions league plus you didn’t play Alison so he wasn’t there to sweep behind the high line. These type of results were coming for Liverpool because the were beaten looking at XG for numerous games however they still one because of great finishing. They would usually make chances because of fullbacks but it is easy to mark them so that’s why they got Thiago. Don’t think about the Villa result too much that’s all I’m saying from a Man Utd fan

[@scottbaron]

All football clubs are businesses

[@bulumknomagongwa7667]

Scott Baron atleast they try to be successful to get more money the Glazers don’t care about success so yes all clubs are businesses but they are well run Man Utd however are a sh@t show

[@sasheelkarthiksathyamurthy5283]

"Manchester United can do things in the transfer window that only other teams can Dream of" - ED WOODWARD 😢

[@dankid8856]

He wasnt wrong... we signed alexis sanchez for £500,000 per week

[@omarm241]

@One Indian boy 😂😂😂🤣🤣 nice one!

[@RamyGd]

It’s true but the club is run by incompetent people and some of the decisions made have been shocking where I could not see any other club do that.

[@hmmmmmm5213]

Tifo should be United's sporting director

[@ramprasad_v]

Everyone watching this show asking one question. "Why are you borrowing money and letting fans down"

[@Rahulpatee]

Love how you used green and gold colors for the Kieran Maguire explaining slide. Subtle.

[@vijaygup2007]

The problem isn't the amount of money we spend, it's HOW we spend it! Need football people making football decisions. A DoF is needed at the very least in addition to an overhaul of the current structure.

[@A40rocks]

If the people that run man city/ Liverpool had been in charge of United, then this team would have dominated europe. Say what you may of Man city but the way they are run is admirable. United are being run to the groud!!

[@janniknielsen9292]

@@sahibdambam7441 Chelsea owe £1.6 bil to Abramovich. They have been better run the last 5 years or so, but are continuously dependent on sales.

[@janniknielsen9292]

@@sahibdambam7441 LFC has a smaller loan to the banks, but also paid more than £30 mil back this past year, both included. Yeah, LFC is competently run, and as such have healthy and sound investments, that as a stepping stone back after near insolvency made the club healthy, so healthy that they can keep their best players. But they have made shrewed businesses both in buying and selling. Utd's players assets have mostly been bought above value, and hard to get rid of as they are not very attractive, and on too high wages for failed recruitments. Despite all the money Utd has spent and the much less LFC has spent, the player estimated value exceeds Utds by more than £200 mil. In the past 5 years Utd has spent £828 mil on players, and have sold for £289 mil, a net spent of £539 mil. Meanwhile LFC has spent £587 mil and sold for £445 mil, as such a net spent of £142 mil. And that is just taking the transfers of Jota and Thiago at full transfer, despite they only cost LFC £10 mil in total this summer.

[@janniknielsen9292]

@@sahibdambam7441 I don't disagree with you. This is one of the reasons why their is a lack of a cohesive plan at Utd, making it hard to compete, despite the money invested. As soon as Utd are outside Top 4, they will invest heavily, until they are back in, and then lay back.

[@janniknielsen9292]

@@sahibdambam7441 Some clubs are still run as football clubs foremostly as well as a business. Other clubs are business first.

[@akhileshmoorthy]

United are well run financially but badly when it comes to football. Like high wages for 3 world-class goalkeepers in same team and so many unwanted players on high wages is just too bad.

[@maccybear8093]

Manchester United is not a football club. It is a cash cow. Football matters are not a concern.

[@manyananikamanga211]

Being a Manchester United fan is so depressing!!!!!! Ed Woodward pimped out our club to the Glazer's and now the fans are paying for it ! Can Ed Woodward please leave and Ralph Rangnick should walk in

[@lucasnowicki8073]

Well considering our net spend this summer is -40M, they are indeed not "ignoring the huge economic impact & ongoing uncertainties created by the pandemic".

[@marcelanoryadi9110]

Never thought i'd live to see BOTH manchester clubs are in mid table While everton & aston villa are in top table

[@keshavmaghoo3301]

Both clubs played one less game tho and its still too early

[@RamukJonam2023]

Are you kidding? Only 4 matches played and you are concluding that Everton and Villa will stay in top 4 and Manchester clubs are mid table teams?

[@Samuelwastaken]

M P well, Everton have the chance to stay in the top 4

[@marcelanoryadi9110]

@@RamukJonam2023 you have to admit, this is man city worse start under Guardiola

[@RamukJonam2023]

@@Samuelwastaken Oh yeah, they might even win it. they are playing nice positive football as well. I am United fan, but feel they'll be in top 4 along with spurs, pool, n city.

[@contactshakya]

I don't know what to make of my club right now. We are shambles.😭😭😭

[@peterscott2937]

Makes my blood boil. How do they get away with it?

[@robertperrella4194]

i love the way in how TIFO FOOTBALL shows their videos from EVERY ANGLE AND EVERY PERSPECTIVE !!!!!!!!!!!!!!!!!!!,,,,,,,i am very impressed !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[@Nimbus04]

So basically, failing to qualify in the Champions League/ failing to finishing in the top 4 every once in awhile is the only way United will spend decent money in the transfer market under this clause and the current owners. What a sad time to be a passionate United fan.

[@rampager1990]

I don't think I've ever seen anyone write "mustn't"

[@georgeanaana3583]

Such quality content, back to back. Tifo has found its way into my heart.

[@robtyman4281]

That's the trouble with United. This is ALL they care about now. They don't seem to be as preoccupied with winning silverware or playing in the CL anymore. They've become happy to just bask in the 'afterglow' of the Ferguson era, while doing pretty much nothing about the here and now. Covid hasn't really affected any of the Premier league clubs yet - but it will, and I think United could be among the hardest hit. My guess is that they've lost a heck of alot of fans from South East Asia over the last seven years. Fans who have either 'defected' to City, or Liverpool. And so because of this, the club have become totally 'obsessed' with making a profit and looking at their profit margins. They've completely lost sight of the fact that they are a football club, and football clubs should put their fans first - not profit first. United will get the message eventually, but by then they'll have shed even more fans from around the world - shocked at how the club have 'abandoned' them, but happy to follow other clubs instead. Clubs who play more exciting football. Something United used to be all about. I'm not saying United are on the road to becoming like AC Milan - but the signs are beginning to be visible.

[@shanerooney6643]

Man united fans created their own club called FC United of Manchester back in 2005 when the glazers took over as they saw this coming

[@rabha2706]

If there was a owner who wanted Manchester United to be the best team in the world then United would have been the biggest thing football has ever seen by now and would be winning the Premier League and Champions League every now and then

[@gold6813]

The only way for the club to move forward. Is if the Glazers noonger find the club profitable and sell up.

[@tipperary1082]

I thought it was going to be some sort of self destruct button at Old Trafford

[@sallumusa]

My (Sal Musa's) take on Uniteds 2020 summer transfer window . I think it's a very poor / risky transfer window. I would rate it 3/10. It's more quantity than quality and most certainly not attending to our needs of the starting 11 where we need strengthening the most. 1.. Two teenagers, both wingers. May or may not succeed in the future but are definitely not going to improve our starting 11, have little or no experience at the highest level. More of a gamble. Perhaps, like our 1st team we are lacking acadamy players as well in that area. My score 5/10. 2. One of the kids", Amad Traore, having played only 3 top flight games, is very expensive. If we paying 19 rising upto 37 million for him why did we not pay that for a world class proven goalscorer HAALAND who would have costed less!! Lost HAALAND because of Ed Woodward's ego. 4/10. 3. Cavani. Panic buy, over the hill. Again it's a gamble. More of hope than conviction. Has the experience however he scored only 4 goals last season. United are a pacy counter attacking side I don't know how Cavani will deal with the pace of the youth upfront. He could hold up play. He was a free agent all summer. He wanted to go to Athletico / Benfica. Surely was not on our plans else we would not have waited till deadline day. I'm on the line, could go either way like bargain Zlatan or flop Falcao. 4/10. 4. Alex Telles. IMO decent buy, in an area where we needed a player Fortunately in his last year so got him cheap, Ed and Matt did everything to mess it up as well. Should cement his place as our LB in place of injury prone and unreliable Shaw. Glad we got him. 7.5/10. 5. Donny Van Beek . Very good player, the only deal we did without a fuss. I think with Pogba not upto the mark, Beek needs to be given a chance in the starting 11. Most of the Ajax youth who have progressed to their 1st team are always hard working and very talented. DVB seems that type of a player. If we use him well he could serve us for ages. So far Ole has not given him the opportunity. 7.5/10 6. Sancho. Wasted all summer trying to bargain for 15 million pounds. One of the best wingers in world football, at 20 his value will only go up. Currently rated the 3rd most valuable player in the world! He wanted to move to United, a Manchester lad, would have settled in well. I think Ed and Matt incompetency and lack of professionalism was expose yet again. Became more of an ego game and as usual Ed Woodward and Matt Judge made an ass of themselves. Disgraceful. 0/10. 7. Center Backs!! Lack of signings. The area United needed player/s the most. By far our weakest area. Not one, not one of the 7 CBS United have are upto the mark. This should have been the priority. I'm shocked not even an enquiry was made for any CB let alone buy one. Have no idea what Ole and Ed are thinking. I hope Tuanzebe recovers from his long injury and the kid Mengi can somehow take over those positions. Am sure they can't be worse than Maguire, Lindelof, Bailly, Rojo, Mensah or Jones. If I had the opportunity I would show most of them the door and overhaul that position. 0/10. 8. Out going. I can't imagine why we have not offloaded so many unwanted 1st team players. Yes they are on high wages and most team won't touch them. United could have cut costs and torn down the contracts of players like Jones and Rojo at the very least. United sold Smalling who probably is better than most of the CBS we have left at the club and yet he was the one sold without buying anyone else! 1/10. 9. Romero. What a gentleman. He does not deserve United the way we have treated him. A class keeper. Too good to be a 2nd choice keeper let alone a 3rd choice which he is now with the return of Henderson. It's a sin what we are doing. We should have let him go for his own career and playing time. If not sold should have let him go on a loan at the very least. He would be a 1st choice at most of the teams in 1st flight football across Europe. 0/10. 10. Offloading Dalot, Andreas ( loan) as well as couple of youth players was the right thing to do. 5/10. 11. Dembele from Barca. We dodged a bullet. Am glad this did not happen. Over priced, injury prone, too much money on transfer and wages. Barca were looking to cash in on their flop. Who better than Ed Woodward. We ended up not getting him not because of Ed or Matts wisdom but more so because Dembele was not wanting to leave Barca. 9/10.

[@scorpiusjoecrux2039]

Nice Analysis bro

[@SantomPh]

Great analysis. It's Atletico by the way. Not "Athletico".

[@SantomPh]

@TC 11 on track to 6-1

[@ellorco991]

Well said bro

[@iamwhatiam5091]

0/10 for C.D.M position too.

[@JK_JK_JK_JK]

Mark 'Green Screen' Goldbridge spent the last 3 weeks uploading daily videos saying that Jaden Sancho is going to be at United!!! 😂🤣😂🤣

[@BoxOfOranges84]

@TC 11 "great exposure for the club". Goldbridge made money from making a mockery of the United fanbase and you consider that "great exposure for the club?" 🤣🤣

[@BoxOfOranges84]

@TC 11 I agree it was good exposure for Goldbridge. It was not good exposure for the club

[@ineednoname3158]

@@BoxOfOranges84 Haven't you heard 'There is nothing like bad publicity'

[@michaelanthonyjr2349]

United call Dortmund: how much will it cost for sancho? Dortmund: £120M with add ons. United: would you take £85M? Dortmund: it’s £120M... United: How about £90M?

[@alexburky9124]

I’m biased on this but I can’t fathom how United fans can stomach what the Glazers and Woodward are doing and not being terrified. Borrowing money like crazy for the glazers to buy the club, borrowing to get through covid, it’s madness. Liverpool got slated for furloughing employees which was shitty but done in an attempt to keep the club debt to the very small portion it’s already at. This feels like it’s going to end poorly

[@doctorsnot1817]

Being a United fan, I love Tifo..covers more ground than anyone else. Keep it up lads (and ladies if present) :D

[@Tdizzle2024]

Video idea -> could Bruno Fernandes be the answer for RW at MU, I personally think it would work and make room for van de beek in the midfield

[@truthseeker6649]

this video should be watched by any united fans who keep yelling about unrealistic transfer targets.

[@rryanreid]

Honestly. Best footie channel on KZbin.

[@TheUnashe]

Point of correction player transfers are capital in nature and are therefore treated as Non current assets (Intangible assets under IAS 38 to be more precise). The amortisation of the fee is just recognistion of loss of value due to the contract run down.

[@Bart_Allen_YT]

It's not just giving the right players to the manager....they need a committee that selects the right players and someone to negotiate the deals properly. For every transfer, United have their pants pulled down each time. In addition to this, there is something seriously rotten at the club that makes players worse.

[@thehh5118]

They're bleeding our club DRY! *GlazersOutWoodwardOut*

[@hasifdany7835]

Great to see that atleast the PR manager is doing his job in our board propperly.

[@kelakuan]

of course, having astronomical number of social media followers and app users is a more paramount goal for United instead of on field achievement. that's the state of Wallpapers and Lockscreen FC.

[@nicholaswood3063]

Considering that the Glazers have taken 800mn out in 10 years. That is akin to probably 3 premier league's and one or toe champion leagues.

[@bear1245]

It’s a shame clubs are run solely for profit not love & passion like they used to be. RIP Jack Walker 🔵⚪️

[@NmpK24]

So basically the Glazers bought a solvent club on a bridging loan and incurred a massive debt which isnt being paid back 15 years later? How did the Premier League allow this to happen? They werent even investing their own money so should not have been considered as viable owners. And other fans should be wary as this financial model could be copied by some other profiteer to 'buy' another PL club. One group/family should not be allowed to own the majority of the shares either (the Glazers own 80%), because football clubs should not be treated as traditional businesses. Otherwise fans are nothing more than customers. Or allowed to siphon off millions out of the club. Plus that interest rate, they (sorry, the club the fans pay for) couldve got a better deal from a loan shark. And what happens if the fans from all over the world stop giving them their money. If dropping below this number gets rid of them, it might be the best thing. Then the fans could buy the club back.

[@jeffreyjeffery4712]

Can you please do a video about FC Barçelona's financial crisis and why they are so indebted? Please.

[@33sdfsdf]

TIFO could you do a video on Sonny? I’m sure a lot of fans would love to see you analyze his world class ability

[@sabsterJ]

Yes! A video on Son Heung Min please TIFO!!!!

[@lli1113]

MUSTN'T

[@p4uly83]

That's how it should be no?

[@R0llingHard]

This is irrelevant. It only means that the bank CAN instantly recall the loan. However, the bank almost certainly would not do this given that this would not be in their best interests. Worst case is they probably have to make parachute payments or there's an increase in interest.

[@theoraexplora]

This sheds a light on the Champions League focus and highlights the major issue with the Glazers: the American thinking. They behave as if advertising is where the money is even though it’s in image and image is based on the football

[@ashleyburns6752]

The next two years football clubs have a huge funding gap to fill with empty stadiums. Prem clubs are either stupid, optimistic or have found alternative funding because their spending has been crazy. Most competitive league I have seen.

[@Frosty1979]

Mind boggling how people can still support current day ManU.

[@dgr8oneme]

Please make a video on how Arsenal is run financially.. they say Arsenal works on a self sustaining model.. is our true? How did they finance move to New stadium? Etc

[@invernessfan3017]

I hope my fave clubs Aberdeen, Ross County, and Inverness CT survive the present financial problems many clubs are finding. Man Utd will survive I am sure. They have so many fans.

[@geo6593]

But like... buying players doesn’t impact your EBITDA. Capital Expenditures does not show up on your Income Statement.

[@timewrapper2602]

Owners can always infuse cash.... But they don't want to

[@chervenkov1997]

39% wage/turnover ratio Tottenham What on earth. Their chairman is a God in terms of finances and negotiations. I bet the players adore him getting paid objectively less than their market value.

[@Gcamel405]

It's only a matter of time before these lot get into financial difficulties. They are a toxic club right now, beats me why any company would want to linked to them let alone give them money with sponsorship. Under the current ownership and management I don't see any future for this once great club but steady decline. They may tread water for a few years with regards to league position but this rudderless ship is steadily sinking.

[@George-oy8vy]

SO WHAT ARE WE GONNA ACTUALLY DO TO GET THE GLAZERS OUT? TIRED OF HASHTAGS

[@rubendias3938]

I'm studying Chartered accountancy and I'd like to join Manchester United under Glazer's ownership 🤑😉

[@darthhideous9084]

United’s plantation fanbase will never properly boycott the club (i.e. not purchasing tickets). Throwing money at the Glazers by attending a match at Old Trafford while moaning “GlAzErS oUt” is part of the problem.

[@JK_JK_JK_JK]

No Sancho No Dembele No Chance of a Top 6 Finish!!! 🙄

[@bernard1195]

@One Indian boy i hope man u gets relegated, useless club with deluded fans

[@user-fy1eg2mf8h]

@@bernard1195 Precisely

[@rejeeshreji91]

I feel like most of the people commenting didn't even watch the video. United can't go below 65m profit bcoz banks will increase the interest of the debts. United didn't spend lavishly bcoz they wanted to support the staff without taking Govt aid, while teams like Spurs, Liverpool used govts aid to support staff and used their own finances for signing players.which is highly unethical. Arsenal layed off many staff and now is signing 40million players, clearly they had the money. They didn't care about their staff. I think Glazers are the good guys now, but they don't have any clear idea about running the football aspects of the club. They need to sign a director of football.

[@alanreji9001]

Actually both spurs and liverpool did not go through with furlough so they are paying from their own pockets . Spurs again took a 175 million Loan , which they will have to pay back , so there is no loss to taxpayers again ....

[@ILikedGooglePlus]

@@alanreji9001 Yeah but who cares about the truth when people are blinded by fandom

[@SantomPh]

Arsenal did take a wage cut earlier, plus their owner paid off all outstanding stadium debt (although they now owe him). London clubs have to pay staff more due to London weighting ,a rule that means employers have to add on salaries for London based employees. Most of the 56 people let go (just laid off the mascot) were those in pandemic hit departments like hospitality, guest relations, corporate and retail. The scouting team was also reduced, including the head scout who recommended Gabriel. Arsenal also had about €90m in transfer funds ready for Gabriel, Partey and Aouar. When Aouar fell through they had the funds freed to buy Partey- aided by the £20m sale of Emi Martinez and some youth sales/loans. The departure of Torriera on loan , likely to be a buy next season and Guendouzi means two guys are off the books. In terms of gate receipts Arsenal was second to United over the last 10 seasons, but unlike United it was a major part of their revenue and COVID affected them more. So United's financial hole is of their own making, perhaps they should stop buying penalties.

[@t-manthedude9114]

As @SantomPh pointed out Arsenal FC executive, management and players (except 3 players) took salary cuts. These were originally at a rate of 12.5% but later slashed to 7.5% because Arsenal qualified for European football. However, the majority of the 55 staff made redundant were not in hospitality/retail, they were the recruitment and scouting staff that had been hired under Wenger's tenure. The vast majority of hospitality/ retail staff are employed by external agencies and not by Arsenal. This is likely the case with most EPL clubs. The club had already planned to reduce the scouting network before COVID 19 hit the UK but Raul & Vinai decided it had to be done now despite the obvious negative press it would create. If you're a newspaper which headline sounds more controversial - "Arsenal sack 55 staff amidst pandemic despite wage cuts" or "Arsenal continue with proposed plans to trim outdated scouting network". I'm not going to defend the owner for not stepping in to prevent the other job losses. He can most definitely afford to put aside his greed for 1 year. However the scouting network was rightfully dismantled. Arsenal still had scouting roles that other clubs (Man Utd included) had sacked years ago. I'm not surprised rival fans like yourself never bothered to research properly and just went along with half-truths you read on social media. I guess it's nice to pretend your club are the good guys instead of dealing with the real facts.

[@jamesfx2]

The Glazer's wealth is built on First Allied Corporation whose main holding is shopping malls across the US. As a business philosophy, they're built on debt because pre-pandemic, this helped them grow quickly. I wonder how the pandemic is affecting their ability to service that debt.

[@MetalRocksMe.]

All this tells me is that man u fans need to boycott the games to lower the intake below 65m and the bank will come for the glazers. They will see it as too much money that they want to pay and then may sell the team. What do I know about finance though eh...🤷‍♂️🤷‍♀️

[@eavyeavy2864]

Blinded from fandom

[@foreignbag8861]

Thats why bundesliga clubs are so respected. Fans should have more rights than some business men who are just in for money.

[@flavio7180]

This comment aged pretty damn well.

[@hafizyusri8177]

Tifo Football, your ideal financial and strategist partner

[@SubhramReddy]

I wish we all take a stand and don't buy Man Utd merch or see games and let the profits drop below 65 million, so we can get rid of the glazers!

[@thebizness5596]

The pandemic could be the best thing to happen to Man Utd because the fan base is that big it’s hard to get people to boycott the games. We need to stop buying merchandise and hopefully the Glazers would be forced to sell the club to worthy owners.

[@SlowhandGreg]

Leveraging should be outlawed

[@naiunited7393]

So it just like the debt crisis in Britain we get dented up to the point we can’t breath then look we have a way out. Look at the Finchley Road scandal it’s the same just a smaller version

[@rakeshmurali2342]

TIFO FOOTBALL VIDEOS ARE SO INFORMATIVE! AMAZING!

[@devasiaabraham4587]

One can understand the finance part u dont need to buy a 100mn+ player to win titles bt u shd make quality recruitment and United have failed to do that... Morally they are right in keeping the club intact bt the fans dont care abt all this and we need trophies....

[@sentiasatransformasi]

how come they consistently made more money when they are shit compared to when they used to win trophies every season lol ed really knows his craft

[@timotheusn.h.nakashona1001]

The Athletic has decided to buy Man United in a deal worth £8bln. Awesome video by the way.

[@slipping_back_into_the_gap7623]

Manutd wants to be the arsenal under wenger's era(top 4) but are failing miserably. By the time glazers finish paying the debt, club will have suffered a major blow already.

[@anandgoyal]

Spurs wage bill only 39% of revenue is ridiculous - 14% lower than any another club

[@imconfused1237]

Tifo happily making libellous claims about Spurs. Must have good lawyers.

[@a2z188]

The best thing a united fan can do is boycott every united game be it in TV or stadium, merchant and every other united product...so that owner understand its not all about bussiness.....

[@jamesfournier2618]

So key right now. MANU shares have been flagging this reality for a while: too much debt....

[@jc6492]

16% interest is mental.

[@laoganmafootballclub6632]

I hate the abuse of public funds

[@honeybadger2122]

How was the sale allowed to go through with borrowed funds but the Saudi prince wasn't allowed to buy a club with his own money?

[@scorpiusjoecrux2039]

Wonderful video. But like I said before, Man Utd makes us annoyed

[@ashiskumarseal3286]

Manchester United Buiseness Club now instead of Manchester United football club

[@tamjidislam5558]

It's soo embarrassing how shitly run we are😭

[@Grerty22]

The real reason for operation big picture

[@pkingglazersout6665]

Manchester United board- Watch, Take notes and deliver to the fans

[@i_am_leepo9932]

This explains not allowing players to leave for free hence so many “deadwood” players are signed up for significantly long contracts then cannot be moved on as no other clubs are prepared to match the wages or pay a fee for them

[@ineednoname3158]

So we need to extend lingard then. Because this is his last year lol

[@bigbrain8614]

Timing is perfecto... Goldbridge should see this video

[@jacobh793]

The reality is those jobs would be lost if it were not for the furlough scheme. So in my opinion, clubs applying for taxpayer funds in the same way other businesses can, in order to retain as many jobs as possible, isn't an abuse of taxpayer funds.