Why Manchester United’s profit mustn’t drop below £65m 

A club that has better relations with investors and banks than it does with its fans and other clubs. Ladies and gentlemen, Manchester United

Who will pay half a million wages to three goalkeepers alone when only one can be played. That is UNITED.

3:06 Love the fact that the Glazers sketch gets uglier by each Tifo video

Bloody hell, football is so depressing these days, when you hear videos like this and it really cements it... all about money, profit, banks, deals, share holders, agents etc...what the hell happened? Another great video bty

Do you think why clubs like Milan and Manchester United need a director of football? And can you do another video about it.

Manchester United staff recruitment Person 1 : I am good at playing/analyzing football Woodward : Erm...sorry (sweats profusely) Person 2 : I am a creative accountant Woodward : You're hired!!!

I already know that this is a good vid before even seeing it.

The pain my ex put me through is nun compared to what United is doing to me😭😭😭😭

I've not seen the video yet but I know it's the Glazers fault. It's always the Glazers fault.

These are some of the best football videos on RU-vid. The information in them is unparalleled anywhere!

at this point tifo's contents are getting so good, i feel bad watching it for free

Please correct me if I am wrong, basically Glazers bought our beloved Manchester United, in debt with high interest rates (which is how middle class people like us can buy small flats) but they are paying the debt from the money Man Utd makes and not from their pocket (which is how middle class people like us, usually repay) but if Man Utd makes a lot of money, that money can (and most probably does) go to the owners which they can use as they see fit. So basically us fans give our hearts out, the players and the manager give their all and Glazers make the money. No wonder Evra was so emotional!!

Amazing work, ur next video should be about 'Why Man Utd needs to get rid of Glazers'.

It's depressing to see big clubs like United owned by money leeches like the Glazers. No ambition to strengthen properly and become that winning side again. No football structure at the club, paying poor wages and getting your pants pulled down for players like Maguire at £80m. I'm depressed.

A business... not a club.

Love how you used green and gold colors for the Kieran Maguire explaining slide. Subtle.

I still can't believe United have the HIGHEST wages in the Prem. This for a team that hasn't won a trophy since 2017, came 6th in 2019, and finished 33 points below the champs in 2020?

"Why man united profit mustn't below £65 mil?" . . . . . . . . . . . . . . Because the glazers need to pay they debts... Simple as that

"This exam represents 0% of your final mark - it's just a visual device in a Tifo video and it can't hurt you" After the exam I had this morning (luckily it went alright), the reassurance was welcome, lads. Thanks for the great content as always!

Tifo should be United's sporting director

"Manchester United can do things in the transfer window that only other teams can Dream of" - ED WOODWARD 😢

Everyone watching this show asking one question. "Why are you borrowing money and letting fans down"

If the people that run man city/ Liverpool had been in charge of United, then this team would have dominated europe. Say what you may of Man city but the way they are run is admirable. United are being run to the groud!!

The problem isn't the amount of money we spend, it's HOW we spend it! Need football people making football decisions. A DoF is needed at the very least in addition to an overhaul of the current structure.

United are well run financially but badly when it comes to football. Like high wages for 3 world-class goalkeepers in same team and so many unwanted players on high wages is just too bad.

I don't know what to make of my club right now. We are shambles.😭😭😭

i love the way in how TIFO FOOTBALL shows their videos from EVERY ANGLE AND EVERY PERSPECTIVE !!!!!!!!!!!!!!!!!!!,,,,,,,i am very impressed !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Well considering our net spend this summer is -40M, they are indeed not "ignoring the huge economic impact & ongoing uncertainties created by the pandemic".

Never thought i'd live to see BOTH manchester clubs are in mid table While everton & aston villa are in top table

Makes my blood boil. How do they get away with it?

Such quality content, back to back. Tifo has found its way into my heart.

Being a Manchester United fan is so depressing!!!!!! Ed Woodward pimped out our club to the Glazer's and now the fans are paying for it ! Can Ed Woodward please leave and Ralph Rangnick should walk in

I don't think I've ever seen anyone write "mustn't"

I thought it was going to be some sort of self destruct button at Old Trafford

Being a United fan, I love Tifo..covers more ground than anyone else. Keep it up lads (and ladies if present) :D

My (Sal Musa's) take on Uniteds 2020 summer transfer window . I think it's a very poor / risky transfer window. I would rate it 3/10. It's more quantity than quality and most certainly not attending to our needs of the starting 11 where we need strengthening the most. 1.. Two teenagers, both wingers. May or may not succeed in the future but are definitely not going to improve our starting 11, have little or no experience at the highest level. More of a gamble. Perhaps, like our 1st team we are lacking acadamy players as well in that area. My score 5/10. 2. One of the kids", Amad Traore, having played only 3 top flight games, is very expensive. If we paying 19 rising upto 37 million for him why did we not pay that for a world class proven goalscorer HAALAND who would have costed less!! Lost HAALAND because of Ed Woodward's ego. 4/10. 3. Cavani. Panic buy, over the hill. Again it's a gamble. More of hope than conviction. Has the experience however he scored only 4 goals last season. United are a pacy counter attacking side I don't know how Cavani will deal with the pace of the youth upfront. He could hold up play. He was a free agent all summer. He wanted to go to Athletico / Benfica. Surely was not on our plans else we would not have waited till deadline day. I'm on the line, could go either way like bargain Zlatan or flop Falcao. 4/10. 4. Alex Telles. IMO decent buy, in an area where we needed a player Fortunately in his last year so got him cheap, Ed and Matt did everything to mess it up as well. Should cement his place as our LB in place of injury prone and unreliable Shaw. Glad we got him. 7.5/10. 5. Donny Van Beek . Very good player, the only deal we did without a fuss. I think with Pogba not upto the mark, Beek needs to be given a chance in the starting 11. Most of the Ajax youth who have progressed to their 1st team are always hard working and very talented. DVB seems that type of a player. If we use him well he could serve us for ages. So far Ole has not given him the opportunity. 7.5/10 6. Sancho. Wasted all summer trying to bargain for 15 million pounds. One of the best wingers in world football, at 20 his value will only go up. Currently rated the 3rd most valuable player in the world! He wanted to move to United, a Manchester lad, would have settled in well. I think Ed and Matt incompetency and lack of professionalism was expose yet again. Became more of an ego game and as usual Ed Woodward and Matt Judge made an ass of themselves. Disgraceful. 0/10. 7. Center Backs!! Lack of signings. The area United needed player/s the most. By far our weakest area. Not one, not one of the 7 CBS United have are upto the mark. This should have been the priority. I'm shocked not even an enquiry was made for any CB let alone buy one. Have no idea what Ole and Ed are thinking. I hope Tuanzebe recovers from his long injury and the kid Mengi can somehow take over those positions. Am sure they can't be worse than Maguire, Lindelof, Bailly, Rojo, Mensah or Jones. If I had the opportunity I would show most of them the door and overhaul that position. 0/10. 8. Out going. I can't imagine why we have not offloaded so many unwanted 1st team players. Yes they are on high wages and most team won't touch them. United could have cut costs and torn down the contracts of players like Jones and Rojo at the very least. United sold Smalling who probably is better than most of the CBS we have left at the club and yet he was the one sold without buying anyone else! 1/10. 9. Romero. What a gentleman. He does not deserve United the way we have treated him. A class keeper. Too good to be a 2nd choice keeper let alone a 3rd choice which he is now with the return of Henderson. It's a sin what we are doing. We should have let him go for his own career and playing time. If not sold should have let him go on a loan at the very least. He would be a 1st choice at most of the teams in 1st flight football across Europe. 0/10. 10. Offloading Dalot, Andreas ( loan) as well as couple of youth players was the right thing to do. 5/10. 11. Dembele from Barca. We dodged a bullet. Am glad this did not happen. Over priced, injury prone, too much money on transfer and wages. Barca were looking to cash in on their flop. Who better than Ed Woodward. We ended up not getting him not because of Ed or Matts wisdom but more so because Dembele was not wanting to leave Barca. 9/10.

Video idea -> could Bruno Fernandes be the answer for RW at MU, I personally think it would work and make room for van de beek in the midfield

Great to see that atleast the PR manager is doing his job in our board propperly.

Mark 'Green Screen' Goldbridge spent the last 3 weeks uploading daily videos saying that Jaden Sancho is going to be at United!!! 😂🤣😂🤣

The only way for the club to move forward. Is if the Glazers noonger find the club profitable and sell up.

That's the trouble with United. This is ALL they care about now. They don't seem to be as preoccupied with winning silverware or playing in the CL anymore. They've become happy to just bask in the 'afterglow' of the Ferguson era, while doing pretty much nothing about the here and now. Covid hasn't really affected any of the Premier league clubs yet - but it will, and I think United could be among the hardest hit. My guess is that they've lost a heck of alot of fans from South East Asia over the last seven years. Fans who have either 'defected' to City, or Liverpool. And so because of this, the club have become totally 'obsessed' with making a profit and looking at their profit margins. They've completely lost sight of the fact that they are a football club, and football clubs should put their fans first - not profit first. United will get the message eventually, but by then they'll have shed even more fans from around the world - shocked at how the club have 'abandoned' them, but happy to follow other clubs instead. Clubs who play more exciting football. Something United used to be all about. I'm not saying United are on the road to becoming like AC Milan - but the signs are beginning to be visible.

Honestly. Best footie channel on RU-vid.

Considering that the Glazers have taken 800mn out in 10 years. That is akin to probably 3 premier league's and one or toe champion leagues.

Point of correction player transfers are capital in nature and are therefore treated as Non current assets (Intangible assets under IAS 38 to be more precise). The amortisation of the fee is just recognistion of loss of value due to the contract run down.

It's not just giving the right players to the manager....they need a committee that selects the right players and someone to negotiate the deals properly. For every transfer, United have their pants pulled down each time. In addition to this, there is something seriously rotten at the club that makes players worse.

They're bleeding our club DRY! *GlazersOutWoodwardOut*

Man united fans created their own club called FC United of Manchester back in 2005 when the glazers took over as they saw this coming

Can you please do a video about FC Barçelona's financial crisis and why they are so indebted? Please.

this video should be watched by any united fans who keep yelling about unrealistic transfer targets.

MUSTN'T

So basically, failing to qualify in the Champions League/ failing to finishing in the top 4 every once in awhile is the only way United will spend decent money in the transfer market under this clause and the current owners. What a sad time to be a passionate United fan.

United call Dortmund: how much will it cost for sancho? Dortmund: £120M with add ons. United: would you take £85M? Dortmund: it’s £120M... United: How about £90M?

TIFO could you do a video on Sonny? I’m sure a lot of fans would love to see you analyze his world class ability

This sheds a light on the Champions League focus and highlights the major issue with the Glazers: the American thinking. They behave as if advertising is where the money is even though it’s in image and image is based on the football

I’m biased on this but I can’t fathom how United fans can stomach what the Glazers and Woodward are doing and not being terrified. Borrowing money like crazy for the glazers to buy the club, borrowing to get through covid, it’s madness. Liverpool got slated for furloughing employees which was shitty but done in an attempt to keep the club debt to the very small portion it’s already at. This feels like it’s going to end poorly

I hope my fave clubs Aberdeen, Ross County, and Inverness CT survive the present financial problems many clubs are finding. Man Utd will survive I am sure. They have so many fans.

It’s a shame clubs are run solely for profit not love & passion like they used to be. RIP Jack Walker 🔵⚪️

TIFO FOOTBALL VIDEOS ARE SO INFORMATIVE! AMAZING!

of course, having astronomical number of social media followers and app users is a more paramount goal for United instead of on field achievement. that's the state of Wallpapers and Lockscreen FC.

If there was a owner who wanted Manchester United to be the best team in the world then United would have been the biggest thing football has ever seen by now and would be winning the Premier League and Champions League every now and then

No Sancho No Dembele No Chance of a Top 6 Finish!!! 🙄

Please make a video on how Arsenal is run financially.. they say Arsenal works on a self sustaining model.. is our true? How did they finance move to New stadium? Etc

I feel like most of the people commenting didn't even watch the video. United can't go below 65m profit bcoz banks will increase the interest of the debts. United didn't spend lavishly bcoz they wanted to support the staff without taking Govt aid, while teams like Spurs, Liverpool used govts aid to support staff and used their own finances for signing players.which is highly unethical. Arsenal layed off many staff and now is signing 40million players, clearly they had the money. They didn't care about their staff. I think Glazers are the good guys now, but they don't have any clear idea about running the football aspects of the club. They need to sign a director of football.

This is irrelevant. It only means that the bank CAN instantly recall the loan. However, the bank almost certainly would not do this given that this would not be in their best interests. Worst case is they probably have to make parachute payments or there's an increase in interest.

SO WHAT ARE WE GONNA ACTUALLY DO TO GET THE GLAZERS OUT? TIRED OF HASHTAGS

The Glazer's wealth is built on First Allied Corporation whose main holding is shopping malls across the US. As a business philosophy, they're built on debt because pre-pandemic, this helped them grow quickly. I wonder how the pandemic is affecting their ability to service that debt.

So in the end it's still woodward? lol

Tifo Football, your ideal financial and strategist partner

I'm studying Chartered accountancy and I'd like to join Manchester United under Glazer's ownership 🤑😉

Tifo providing great videos as usual

Wonderful video. But like I said before, Man Utd makes us annoyed

Didn't you already upload this previously?

how come they consistently made more money when they are shit compared to when they used to win trophies every season lol ed really knows his craft

What about the the owners taking 90m from the club u forgot about that part the only top 15 club to do so. Net spend over 2 season is questionable too

So it just like the debt crisis in Britain we get dented up to the point we can’t breath then look we have a way out. Look at the Finchley Road scandal it’s the same just a smaller version

So key right now. MANU shares have been flagging this reality for a while: too much debt....

This explains a lot.

So basically the Glazers bought a solvent club on a bridging loan and incurred a massive debt which isnt being paid back 15 years later? How did the Premier League allow this to happen? They werent even investing their own money so should not have been considered as viable owners. And other fans should be wary as this financial model could be copied by some other profiteer to 'buy' another PL club. One group/family should not be allowed to own the majority of the shares either (the Glazers own 80%), because football clubs should not be treated as traditional businesses. Otherwise fans are nothing more than customers. Or allowed to siphon off millions out of the club. Plus that interest rate, they (sorry, the club the fans pay for) couldve got a better deal from a loan shark. And what happens if the fans from all over the world stop giving them their money. If dropping below this number gets rid of them, it might be the best thing. Then the fans could buy the club back.

Thanks for telling us how to get rid of them 👍

That is so interesting to watch 🤔 keep up the good work pal you have give me hope that one day I can get rid of the glaziers covid-19 is a blessing in disguise in my opinion 🤞

great vid as always

It's soo embarrassing how shitly run we are😭

It's only a matter of time before these lot get into financial difficulties. They are a toxic club right now, beats me why any company would want to linked to them let alone give them money with sponsorship. Under the current ownership and management I don't see any future for this once great club but steady decline. They may tread water for a few years with regards to league position but this rudderless ship is steadily sinking.

All this tells me is that man u fans need to boycott the games to lower the intake below 65m and the bank will come for the glazers. They will see it as too much money that they want to pay and then may sell the team. What do I know about finance though eh...🤷‍♂️🤷‍♀️

I hate the abuse of public funds

One can understand the finance part u dont need to buy a 100mn+ player to win titles bt u shd make quality recruitment and United have failed to do that... Morally they are right in keeping the club intact bt the fans dont care abt all this and we need trophies....

The next two years football clubs have a huge funding gap to fill with empty stadiums. Prem clubs are either stupid, optimistic or have found alternative funding because their spending has been crazy. Most competitive league I have seen.

The Athletic has decided to buy Man United in a deal worth £8bln. Awesome video by the way.

But like... buying players doesn’t impact your EBITDA. Capital Expenditures does not show up on your Income Statement.

Can you please do a video on how United's next best signing would be Ralph Rangnick

Didn’t Spurs and Liverpool back out on their furlough stance? Plus Spurs taking out the government backed loan is a good thing for the economy and the government, as long as they repay their loan (which I imagine they will)

Manchester United Buiseness Club now instead of Manchester United football club

Pls do a vid on United’s new signings

Do a video on amad diallo plss

1:08 profit isn’t the same as EBITDA

Great🙂 now we know why we didn’t get Sancho🙂

United’s plantation fanbase will never properly boycott the club (i.e. not purchasing tickets). Throwing money at the Glazers by attending a match at Old Trafford while moaning “GlAzErS oUt” is part of the problem.

Owners can always infuse cash.... But they don't want to

Please do the same for Barcelona.

will there be a situation like what happened in milan ?