This contradicts the financial statements from the club. Sure, the club is without a doubt a revenue generating machine. But that is equivocally not the same as “money making” machine which is more adequately represented as profitability. Hence, why our loan keeps ballooning every year.Well no, sorry, it isn't.
Our income far outweighs our outgoings, always, so we are well within the FFP criteria.
The reason we were fined was some minor commercial **** up. That's it, fine paid.
United is a money generating monster and the debt is irrelevant to ffp.
Telles and Bailly haven't played for us for two seasons, if they leave on a free it's no loss. They're off the books, the squad is trimmed, job done.
I'd say Elanga is £20 million absolutely tops. That's it. Even then, we'd have done extremely well.
Last quarter alone, the club was cash flow negative which meant cash on hand decreased and overall loan went up.
Therefore, the debt is extremely critical. But because the full asset is worth more than the debt, it has been structured/collateralized against the club as an asset.
Why this matters? We essentially don’t have that money to just throw around without actually somehow accounting for it. It is why balancing the transfer deficit matters. We can’t keep buying players and selling all of them for a loss while paying crème de la crème wages. It is a road to an eventual hell, especially in a high interest environment.
