#MUFC’s Super Massive Black Hole…Or is it?
• No UCL could see a gross revenue fall of c.£110mn.
• Scope for £70mn cost benefit.
• League position & season tickets closing the other £40mn.
• Player sales to fund buys beyond the £100mn PSR budget.
https://open.substack.com/pub/spgoals/p/uniteds-super-massive-black-holeor?r=2owth5&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true
• No UCL could see a gross revenue fall of c.£110mn.
• Scope for £70mn cost benefit.
• League position & season tickets closing the other £40mn.
• Player sales to fund buys beyond the £100mn PSR budget.
https://open.substack.com/pub/spgoals/p/uniteds-super-massive-black-holeor?r=2owth5&utm_campaign=post&utm_medium=web&showWelcomeOnShare=true
Comments
Rev will not fall by £110m - it will not grow by that amount.
No mention of the cost of the poor refinance and the LBO that means we have more debt that the rest of the PL est' £900m put together.
No mention of the £150 dividends paid out
Agree debt restricts club, but it matures in 2027/29. Don't think a refi happens until current ownership structure changes.
Divs paused atm.
Debt obvs big issue - did review of finances a while back here. https://bsky.app/profile/spg007.bsky.social/post/3lcbcgtlc2s2r