Question's for accountants?

If the club recorded a (pre tax)

loss in 21/22 of £70.4m
loss in 22/23 of £73.7m

Then that makes a loss of £144.1m

Now this means we need to make a profit £39.1m in 23/24

So if we said figures were roughly the same with regards wages and expenditure.....

We sold ASM July 30th 23 for £23m
We sold Chris Wood July 1st for £17m


This gives us £40m

We then added Sela who gave us an additional £20m

This now gives us £60m

and we were paid a reported £37m for champions league

This now gives us £97m

Which would mean 23.3m profit

So with this alone if you take the £144.1m loss
and deduct the £23.3m profit

It has us around the 120.8m loss mark for 3 years?

Now take away 3 years of allowable costs. Including training ground upgrades (reportedly at £10m+). Purchase of Strawberry Place, Creation and costs of fan zone, improvements to SJP, academy costs, development squad costs, and womens team costs and you have to ask wtf have journalists not looked into this?

 

Didn't we get some ££ for Shelvey as well?

 

I thought so but was done previous Jan according to Transfer Market

 

Ah, OK.

 

There's also the money spinning Aussie trip to take into account and not quite sure when we got paid for the Amazon documentary.

Then Fenwick's, Quidd, In-Post, Bet MGM partnership deals, a 5% increase to ST's, memberships and seats last year too.

 

Surely if we are taking the outgoing ASM and Woods into account we need to account for Tonali, Livarmento and Barnes (£100m+) coming in.

Even spread over 5 years it's £20-25m on top of last seasons figures..

 

Woods
St Maximin

Any remaining amortisation of their original transfer value needs to be deducted from revenue from sale before adding to bottom line.

According to Wikipedia we purchased Woods for £25million on a 2.5 year contract in Jan 22 and sold him in Jan 23 so there would be a remaining 15million to amortise so if we sold him for £15million it would have 0 impact on the bottom line.

St Maximin we paid £16.5million on a 6 year contract in August 2019 and sold him on 30th July 2023 so he would still have 1/3 of 16.5 = £5.5mill left to amortise. We sold him for £23m milllion so would make a profit of £17.5mill on him.

This assumes that we amortised them over the full lengths of the contracts though. I have a feeling Ashley amortised some of them quicker.

 

I'm sure I've read that Ashley preferred to only buy outright, without amortisation (i.e. if you have the money now then you can spend it). Not the usual approach, but probably did us a favour in terms of signings, such as ASM.

On a more general note, why are so many transfer deals classed as 'undisclosed' or 'TBC' when everything has to be reported and fully accounted for? Almost every transfer these days is undisclosed.

 

You can pay the fee upfront. Pretty sure we still do. The amortisation is simply for accounting purposes as far as I'm aware.

 

The 40m for Woods and ASM would have had NBV on the balance for the remainder of their contracts.

 

I think we are probably on the line with FFP. With it being somewhere between 0 and 25m.

Not much in the grand scheme of things.

 

ASM's amortisation would have ended on Sunday anyway. As does Miggy's, Wilson's, Kraft's etc.

 

Again I'd personally just take the hit 2-6 points tbh, spend big to get back in Europe on world class GK (Mamardashvili/Ramsdale), a CB and CF if Wilson goes.

Past that we have a top 6 starting XI and decent depth - once the injuries clear up which they will. Botman is the only major concern on the injury front currently and Kelly is in already as cover for him so not massively worried.

 

I think we're under.

I think the media are talking utter bollox.

I reckon when our accounts eventually come out we'll have burst through the £300m a year turnover mark. Which was predicted a year ago by all these so called experts that are now making out we're in the **** for clicks.

If we were that much in the ****e, there is no way we wouldn't have flogged some ****e to Saudi in Jan. I also think if we were that much in the ****e there is no way we would have bought Barnes and Liveramento.

And if.....If we're in the ****e I think I puts a massive **** mark against a certain top gardener.

I reckon this is all a husstle from the club to squeeze Man Utd out of some more dough.

"Look at this, he bought the next Sadio Mane for £7m, he's now worth £40m. Just imagine what he could make for you"

 

Is Miggy out of contract then?

 

Possibly. I mean we won’t know until the accounts come out as you say.

The tabloids forget we sold ASM and Shelvey and Wood for fairly substantial amounts.

I agree I believe turnover will be over 300m.

I think we are on the line if I am honest. But we shall see.

It’s still ****e mind. World’s richest owner and we can’t buy anyone. Yet.

Wouldn’t surprise me if we get news on 1st July that we have signed Chiesa and The Georgia keeper.

 

He signed a new 3.5 year deal last year

 

So depends on his initial contract and the length. But a large chunk would be gone so he would be more or less 80%+ profit.

 

No.....He'd now be 100% profit. Goes off initial contract, not renewed contracts.

 

May add, Trippier, Burn drop off Amortisation now too.