Hate glazers cost man utd £ 1.2 billion when club releases the latest finances

The glazers cost Manchester United £ 1.2 billion in their Nightmare 20-year-old government.

When the controversial Americans bought the club in June 2005, they paid no less than £ 790 million.

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But the deal was funded by borrowed cash and the dumped £ 604 million in debts to United, which had previously only borrowed £ 50 million.

While the glazers give the lead for two decade, over, over £ 1 billion was lost Debtrente, repayments, dividends and reimbursements for the family.

BBC Claim £ 815 million went to repayments of debts, £ 166 million to dividends to shareholders and £ 10 million in reimbursements to Glazer family companies.

And although things on the field are still getting worse, things are finally financially looking.

Cheeky cost -saving introduced by £ 1.3 billion owner Sir Jim Ratcliffe Dividends begins to pay – even if 450 workforce were wiped out, together with free lunches in the midst of a large number of other spending bumps.

In the club’s accounts for the third quarter of this year, payments to employees decreased compared to 12 months ago a huge £ 20 million to £ 71.2 million – a decrease of almost 22 percent.

From the 2023-24 Champions League And actually in the Europa League Helped The figures not to pay extra player bonus costs and non-playing employee deviations.

The total operating costs for the quarter were £ 162.1 million, a decrease of £ 41.6 million or 20.4 percent compared to the quarter of the previous year.

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And the operating result was £ 700,000, compared to an operational loss of £ 66.2 million this time last year.

Ratcliffe and his recently reduced Ineos Head Honcho Sir Dave Brailsford can indicate their financial restructuring with an almost instructive impact.

But Chief Executive Omar Berrada pointed a finger on the side that ended a shocking 15th in the table – and will not have any European football at all in the coming campaign after losing Tottenham in the last accidental salon Europa League final.

He stated: “We were proud to reach the final of the Europa League, but in the end we were disappointed to finish second in Bilbao.

“We had a difficult season in the Premier League that we all know we were under our standards and we have a clear expectation of improvement next season.”

Brarada and the rest of the old Trafford -Hierarchy are working hard to support the boss Ruben Amorim In this summer’s transfer market, he has already pronounced £ 62.5 million – in what will be three installments – for Matheus Cunha van Wolves.

Despite Ratcliffe’s warning earlier this year that these major cuts were needed to prevent the club from going bankrupt last Christmas – and worrying about staying within profit and sustainability rules – a bid of £ 55 million Bryan Mbuemo Was registered this week.

Brentford wants at least £ 60 million for the broad attacker and will almost certainly get their money, although United, finances that improve or not have to sell.

Alejandro Garnacho It is told that he is going and is appreciated at £ 60 million, while Amorim Jadon Sancho, Antony and Marcus Rashford wants to dump together with Casemiro and Tyrell Malacia.

Reasons to be cheerful

But while United juggles their money to help the rebuilding, the club points to improvements of the field.

Plans for one New stadium of £ 200 billion Going on, Berrada emphasizes: “We remain focused on infrastructure, with the redevelopment of our Carrington training complex continuing and on course.

“It will be the heart of our club and offer world -class facilities for all our teams and our employees.

“We have also announced our aim to pursue a new one 100,000 Zitter StadiumSitting in the heart of the regeneration of the Old Trafford area, which would be a catalyst for growth and investments in our local community.

“We continue to collaborate with all relevant stakeholders, including the central government, to support their vision on growth.”

Even the falling value of the US dollar works in favor of United.

The American loans from the club still amount to $ 650 million – the same as last year at the same time, but due to the USD/GBP exchange rate in GBP United, £ 500.9 million are now owed compared to £ 511.3 million.

United is happy with what they say are “strong income that has risen by 17.4 percent driven by extra matchday and broadcasting money by going all the way to Bilbao, in contrast to leaving last season’s Champions League in the group phase.”

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