The talk of Thursday was all around financial charts, figures, debt, estimates and interest rates
Although the debt which was created by the Glazer family during the purchase back in 2005 has nearly halved, there has been a sizeable chunk added back on to it thanks to the uncertaintity caused by Brexit. Exchange rates have changed for the worse, especially where United are concerned. £82 million has been added since this time last year, a Paul Pogba sized interest rate! Although many fans would have liked this debt cleared by now, there is still a long way to go and the club are now exploring “opportunities” to help reduce the amount owed.
Ed Woodward held an investor conference call today in a bid to turn around the slipping debt. Talks are in place to unfreeze season ticket prices, with an obvious increase on the cards which will no doubt unsettle some supporters.
Next season’s preseason tour looks like it will be a money spinning tour of the U.S again, although this time there will be a larger number of games. Jose’s men only lined up on three occasions back in the summer, although one game was cancelled due to bad weather/pitch.
The club are planning on expanding the ever growing MUTV into an app. This can be downloaded and, on sign up, used to explore behind the scenes content and catch up style viewing. All this will be available for a monthly subscription of course.
Woodward has stated that he would like the teams transfer policy to become less like a revolving door and have more squad stability. The last three summers has seen over £250 million spent, and with only an FA Cup to show for their efforts, this has not impressed the money men. This is unlikely to be music to the Boss’s ears, especially with all the talk of Antoine Griezmann still floating about.
In other United news, Ander Herrera was quoted this week as saying that United’s rivals should be worried as they stretched their unbeaten run in the league to 15 games. “We have to fight because with the top six teams, and if you include Everton, it is tough.”
The TV and Champions League money is what the money men at United will be hoping for come what May, and according to Herrera, you wouldn’t bet against it.