United Inc: Third Quarter Results

United Inc: Third Quarter Results

#1009 | Ed and Jamie review United’s Q3 financial results, noting slightly better-than-expected revenue, improved operating profit versus last year’s loss, and a wage bill at its lowest share of revenue in about a decade, alongside raised guidance. However, United face weak liquidity - around £60m cash- with the revolver credit up to £260m, ongoing outflows for historic transfer fees, and the continuing constraint this places on squad rebuilding. There’s a discussion around the confirmed costs of hiring and firing Amorim (£16.7m compensation plus a £5.2m write-off), the need to refinance roughly £750m of debt amid uncertain interest rates, limited progress on the new stadium, and a Betway training kit deal reported at £20m per year. Player sales continue to be important! 00:00 Introduction and Q3 Headlines 02:11 Financial Results Deep Dive 07:11 Cash, Debt and Transfer Budget 12:51 Carrick and Summer Strategy 16:37 Amorim Compensation Costs 19:37 Debt Refinancing and Stadium Update 26:47 Sponsorship: Betway, DXC 31:53 Player Trading If you are interested in supporting the show and accessing a weekly exclusive bonus episode, check out our Patreon page or subscribe on Apple Podcasts. Supporter funded episodes are ad-free. NQAT is available on all podcast apps and in video on YouTube. Hit that subscribe button, leave a rating and write a review on Apple or Spotify. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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Episoder(1053)

MUWFC Show: Parking the Bus at the Emirates

MUWFC Show: Parking the Bus at the Emirates

#1048 | United Women are three games into new manager Eva Olid's reign: defeat to London City Lionesses, hammered by Chelsea, then a much-improved 1-1 draw at Arsenal, undone by a 95th-minute equalise...

22 Sep 35min

The Tactics Show: Pressing, Possession, Performance

The Tactics Show: Pressing, Possession, Performance

#1047 | Another week another crisis? After United’s draw at Fulham, Ed and Dharnish push back on the reaction, arguing the underlying picture (29 shots, nearly 3 xG, more shots and box touches than an...

21 Sep 40min

Fine Margins, Same Mistakes

Fine Margins, Same Mistakes

#1046 | United walked away from Fulham with a draw, Mateus Cunha's equaliser cancelling out Lisandro Martinez’ own goal. Fulham were there for the taking though. United had 29 shots, 57% possession, a...

20 Sep 1h 3min

Banter Club is Back

Banter Club is Back

#1045 | Ed and Dharnish discuss United’s 3-2 defeat to Brighton in the Carabao Cup. United’s heavily rotated side led 2-0 before collapsing, with an increasingly ugly atmosphere at Old Trafford on dis...

17 Sep 1h

No Question About That Offside

No Question About That Offside

#1044 | Daniel and Dharnish review United’s 0-1 defeat at home to Man City. City were down to 10 men for most of the second half after Foden's red card. The goal itself should have been ruled out: Enz...

14 Sep 55min

United, Inc: Economics of a Record Transfer Window

United, Inc: Economics of a Record Transfer Window

#1043 | The transfer window smashed Premier League spending records. The real story is how incestuous it all was: clubs buying from each other, squeezed by the same rules and looking to square their o...

11 Sep 48min

Sabah Ranks as Fine Champions League Victory

Sabah Ranks as Fine Champions League Victory

#1042 | Ed and Tom discuss United's return to the Champions League, which was a comfortable 4-0 win over Sabah, with the game effectively dead by half-time. It was about all we could ask from an opene...

11 Sep 1h 2min

The Tactics Show: Stop the Press?

The Tactics Show: Stop the Press?

#1041 | Ed and Dharnish dig into United’s draw with Everton. The buildup through Mainoo and Tielemans was as good as it's looked in years but Carrick’s side lacked any real box presence, with Cunha an...

7 Sep 31min

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