Just when the winds begin to shift, Manchester United release their Q3 financials and remind fans of the parasitic owners at the helm for nearly two decades. Never would the Glazers deny themselves a fat dividend, even during a global Pandemic, economic downturn and shuttering of global football.
The arrival of Bruno and Igahlo, the 11-game unbeaten streak heading into the hiatus, and general air of positivity at the club provided the Glazers some cover over the last few months. Additionally, their “class” goodwill efforts around Manchester and towards their staff during the Coronavirus provided them cover for the shit sandwich the were going to deliver to fans and investors during the Q3 investor call.
We’ve reviewed the financials and their a disaster. Exasperated by the break in football and downturn from the pandemic, the Glazers’ greed and Woodward’s ineptitude have left United in a position of weakness when this really should be a time for United to “exploit” the market.
Taking into account cash on hand, lines of credit, the partial return of TV money and obligations due in the summer, United only have £30M for net spend for this summer transfer window, without raising further capital.
This summer window should be an opportunity to gobble up talent across the globe at cut rate prices, taking strides to catch our rivals and re-cement our position in global football. Instead, we’ll be on our back foot, once again.
Unless we sell Pogba, or Dortmund need someone to teach Haaland how to moonwalk (looking at you Jesse), it’s going to be a muted summer. Maybe a permanent Igahlo deal, and if we’re lucky Jude Bellingham. No Sancho. No Werner. No Partey. No cookie.
United have been sucked dry by the Glazer family for nearly two decades. They rode the coattails of Sir Alex, with the club propped up by debt to fund their leverage buyout, underinvesting in the squad and skimming millions a year off the top. After Sir Alex’s retirement, they put Eddy Woodpecker in charge and it’s been a disaster class ever since.
Enough is Enough. Glazers Out. Woodward Out.