Glazers - news, views and information
Nov 3, 2014 14:04:15 GMT
Post by Deleted on Nov 3, 2014 14:04:15 GMT
This is a thread for any and all information relating to the club's performance off the pitch. As most probably know I take a keen interest in United's accounts because I work in accountancy so this stuff interests me.
If anyone wants to know anything about the accounts, just ask and I'll do my best to help/answer.
The links to the latest set of accounts made up to the end of June 2014 can be found in the financial information section of the club's investor relations website...
ir.manutd.com/phoenix.zhtml?c=133303&p=irol-reportsannual
Here are the club's profit and loss figures running from 1996 through to the summer just gone...
And here are the club's cash flows for the last few years...
Because of the cut off time of the accounts, the figures about do not include the purchases of Shaw, Rojo, Di Maria, Blind or the loan costs of Falcao. However the club have confirmed that they've bought players after the year end at a total cost of £118.6m and sold players at a total of £25.8m. As things stand we also owe £82.3m to other clubs for players signed previously. We are owed just £2.8m by other club for sold players.
What all that means is that since losing the Champions League final to Barcelona in 2011 when Ferguson vowed to catch them up - we've spent £337.3m on new players despite a few tremendous cock ups in the transfer market at the same time.
The total debt of the company at 30 June 2014 was £341.8m. This figure breaks down as:
I've never really understood the point in that last one.
So there's your snapshot of our current position - if you want to know anything else, just ask.
If anyone wants to know anything about the accounts, just ask and I'll do my best to help/answer.
The links to the latest set of accounts made up to the end of June 2014 can be found in the financial information section of the club's investor relations website...
ir.manutd.com/phoenix.zhtml?c=133303&p=irol-reportsannual
Here are the club's profit and loss figures running from 1996 through to the summer just gone...
And here are the club's cash flows for the last few years...
Because of the cut off time of the accounts, the figures about do not include the purchases of Shaw, Rojo, Di Maria, Blind or the loan costs of Falcao. However the club have confirmed that they've bought players after the year end at a total cost of £118.6m and sold players at a total of £25.8m. As things stand we also owe £82.3m to other clubs for players signed previously. We are owed just £2.8m by other club for sold players.
What all that means is that since losing the Champions League final to Barcelona in 2011 when Ferguson vowed to catch them up - we've spent £337.3m on new players despite a few tremendous cock ups in the transfer market at the same time.
The total debt of the company at 30 June 2014 was £341.8m. This figure breaks down as:
- £177.5m bank loan used to refinance a portion of the bond debt - this is due to be fully repaid in August 2019.
- £158.2m bond debt set up in 2010 to refinance the loan used to initially purchase the club - due to be repaid in January 2017
- £6.1m bank mortgage placed on a freight terminal at Manchester airport - due to be repaid in July 2018
I've never really understood the point in that last one.
So there's your snapshot of our current position - if you want to know anything else, just ask.
