king canary 7,580 Posted May 21, 2020 Interesting update from Man U- seemingly expecting to pay £20m in rebate to the broadcasters, although this isn't clear if this is with or without project restart going ahead. If it is the same for us then that wipes out any projected profit from this season. Share this post Link to post Share on other sites
Well b back 3,190 Posted May 21, 2020 Great ! I bet the likes of Sky won’t be saying to me we took money back from the football clubs, rugby, cricket etc etc here’s your rebate ! Share this post Link to post Share on other sites
sonyc 5,492 Posted May 21, 2020 And their net debt has risen from £127m to £429m Share this post Link to post Share on other sites
king canary 7,580 Posted May 21, 2020 9 minutes ago, Well b back said: Great ! I bet the likes of Sky won’t be saying to me we took money back from the football clubs, rugby, cricket etc etc here’s your rebate ! Sky have let Sports customers pause their subscription but keep the channels, so they have been really. Share this post Link to post Share on other sites
Surfer 1,547 Posted May 21, 2020 39 minutes ago, sonyc said: And their net debt has risen from £127m to £429m Um, with interest rates collapsing funny how that works isn’t it? Wonder where the money went .... TV revenue shortfall can’t explain it. Share this post Link to post Share on other sites
sonyc 5,492 Posted May 21, 2020 1 hour ago, Surfer said: Um, with interest rates collapsing funny how that works isn’t it? Wonder where the money went .... TV revenue shortfall can’t explain it. Article today attached S https://www.theguardian.com/football/2020/may/21/manchester-united-net-debt-increases-by-1274m-to-4291m-in-a-year-financial-results-coronavirus? Share this post Link to post Share on other sites
Surfer 1,547 Posted May 21, 2020 Um. Thanks for the link ... but it still does not add up... interest on their loan doubled because of exchange rate variations? Sure. Anybody with an accounting background care to comment on this? Share this post Link to post Share on other sites
sonyc 5,492 Posted May 21, 2020 19 minutes ago, Surfer said: Um. Thanks for the link ... but it still does not add up... interest on their loan doubled because of exchange rate variations? Sure. Anybody with an accounting background care to comment on this? Yes. I was hoping you'd know ....because I couldn't get it to add up! I wondered if it was because of a recalculation of reduced expected revenues as noted (but you'd think this cost will have been itemised in the article) and some of the figures speak of quarters rather than the full year. Share this post Link to post Share on other sites
wcorkcanary 4,329 Posted May 22, 2020 23 hours ago, king canary said: Sky have let Sports customers pause their subscription but keep the channels, so they have been really. If they were as honourable as Bielsas Leeds theyd let people out of their contracts completely. Until that guy popped on another thread, I had no idea Leeds were such a respectable, honest, fair play on a stick kinda Club. Share this post Link to post Share on other sites
