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  • Van Persie is a Fergie fan ...
    by E.S.
    Van Persie is a Fergie fan ...


    Dear Reds, we need your help - https://fundrazr.com/RedNewsSupport

    If you think what we do is important, then a subscription right now is a game changer for our future as an independent fanzine in the year ahead. No football = no games to sell at. We need your support now more than ever. We believe the terraces of Old Trafford and its culture is a little bit stronger when Red News is around, and that our fanzine still provides a strong voice, and a different take on supporting MUFC that is worth keeping.

    So on our 33rd anniversary we are opening up our new advanced annual subscription campaign because without your subscriptions, we will not be able to continue, nor be around in 2021. With your support, we will. We pride ourselves on still being a voice for normal Reds just like you. For giving space for reasoned, well thought out opinion, and for the type of exclusives and gossip you know us well for. And to praise, or hold the club to account, where it is appropriate. To shine a light where it is needed. A different type of fanzine. But one that still holds the same principles as when we first started in April 1987.

    We have weathered many storms, including a decline in matchday sales, and all the changes, both good or bad, at Old Trafford in our time, but events right now out of our control are different... We only survive because of our readers. Without advertising, you keep us alive.

    If games are behind closed doors, we will still publish. We WILL still publish. If needs be we will make certain mags double issues every second month like our one will be in May 2020.

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    “Ferguson really was a super manager.

    “It was so brilliant how he always kept the entire squad happy and focussed.

    “Wenger was a combination of Ferguson and Van Gaal.

    “Arsene always emphasized all the positive things and he looked at what would work for the long term.

    “Tactically he (Van Gaal) is a genius. You can’t deny that. I have had managers who had their own strengths.

    “But Ferguson really was a super manager.”...
    Yesterday, 07:48 PM
  • Ryan Giggs picks out Ronaldo and Scholes as the best players he's played with
    by E.S.
    Ryan Giggs picks out Ronaldo and Scholes as the best players he's played with


    Dear Reds, we need your help - https://fundrazr.com/RedNewsSupport

    If you think what we do is important, then a subscription right now is a game changer for our future as an independent fanzine in the year ahead. No football = no games to sell at. We need your support now more than ever. We believe the terraces of Old Trafford and its culture is a little bit stronger when Red News is around, and that our fanzine still provides a strong voice, and a different take on supporting MUFC that is worth keeping.

    So on our 33rd anniversary we are opening up our new advanced annual subscription campaign because without your subscriptions, we will not be able to continue, nor be around in 2021. With your support, we will. We pride ourselves on still being a voice for normal Reds just like you. For giving space for reasoned, well thought out opinion, and for the type of exclusives and gossip you know us well for. And to praise, or hold the club to account, where it is appropriate. To shine a light where it is needed. A different type of fanzine. But one that still holds the same principles as when we first started in April 1987.

    We have weathered many storms, including a decline in matchday sales, and all the changes, both good or bad, at Old Trafford in our time, but events right now out of our control are different... We only survive because of our readers. Without advertising, you keep us alive.

    If games are behind closed doors, we will still publish. We WILL still publish. If needs be we will make certain mags double issues every second month like our one will be in May 2020.

    The target this summer is 333 Reds.

    Thank you - https://fundrazr.com/RedNewsSupport



    “The best player I played with is Cristiano Ronaldo,”

    “Obviously he was only there for a short space of time and he was brilliant for Manchester United and then went on to do even better elsewhere.”

    Later on, Giggs added: “Scholesy is the best player I’ve played with at Manchester United. You’ve all seen it in training – you couldn’t get near him.

    “His brain was just quicker than everyone else, his range of passing, nasty.

    “You think you’ve got him and he’ll just pop it off and give it the little feint. He was just brilliant in training.”...
    Yesterday, 07:47 PM
  • Ryan Giggs found Zanetti hard to play against
    by E.S.
    Ryan Giggs found Zanetti hard to play against


    Dear Reds, we need your help - https://fundrazr.com/RedNewsSupport

    If you think what we do is important, then a subscription right now is a game changer for our future as an independent fanzine in the year ahead. No football = no games to sell at. We need your support now more than ever. We believe the terraces of Old Trafford and its culture is a little bit stronger when Red News is around, and that our fanzine still provides a strong voice, and a different take on supporting MUFC that is worth keeping.

    So on our 33rd anniversary we are opening up our new advanced annual subscription campaign because without your subscriptions, we will not be able to continue, nor be around in 2021. With your support, we will. We pride ourselves on still being a voice for normal Reds just like you. For giving space for reasoned, well thought out opinion, and for the type of exclusives and gossip you know us well for. And to praise, or hold the club to account, where it is appropriate. To shine a light where it is needed. A different type of fanzine. But one that still holds the same principles as when we first started in April 1987.

    We have weathered many storms, including a decline in matchday sales, and all the changes, both good or bad, at Old Trafford in our time, but events right now out of our control are different... We only survive because of our readers. Without advertising, you keep us alive.

    If games are behind closed doors, we will still publish. We WILL still publish. If needs be we will make certain mags double issues every second month like our one will be in May 2020.

    The target this summer is 333 Reds.

    Thank you - https://fundrazr.com/RedNewsSupport



    “The hardest player I played against was [Javier] Zanetti from Inter."

    “He ran all day and he used to be a midfielder so he was comfortable on the ball, he could defend, he was tough and he actually broke my nose in the quarter-finals against them. He had everything as a defender.”...
    Yesterday, 07:41 PM
  • Silvestre remembers when that flying boot from Fergie hit Beckhams head
    by E.S.
    Silvestre remembers when that flying boot from Fergie hit Beckhams head


    Dear Reds, we need your help - https://fundrazr.com/RedNewsSupport

    If you think what we do is important, then a subscription right now is a game changer for our future as an independent fanzine in the year ahead. No football = no games to sell at. We need your support now more than ever. We believe the terraces of Old Trafford and its culture is a little bit stronger when Red News is around, and that our fanzine still provides a strong voice, and a different take on supporting MUFC that is worth keeping.

    So on our 33rd anniversary we are opening up our new advanced annual subscription campaign because without your subscriptions, we will not be able to continue, nor be around in 2021. With your support, we will. We pride ourselves on still being a voice for normal Reds just like you. For giving space for reasoned, well thought out opinion, and for the type of exclusives and gossip you know us well for. And to praise, or hold the club to account, where it is appropriate. To shine a light where it is needed. A different type of fanzine. But one that still holds the same principles as when we first started in April 1987.

    We have weathered many storms, including a decline in matchday sales, and all the changes, both good or bad, at Old Trafford in our time, but events right now out of our control are different... We only survive because of our readers. Without advertising, you keep us alive.

    If games are behind closed doors, we will still publish. We WILL still publish. If needs be we will make certain mags double issues every second month like our one will be in May 2020.

    The target this summer is 333 Reds.

    Thank you - https://fundrazr.com/RedNewsSupport



    "I was there,"

    "Everyone was shocked, but things like this happen in dressing rooms. It was a random kick by the boss – it was just unfortunate that the boot went straight into Beckham’s face!

    "He was very angry and we had to intervene to prevent a confrontation. But that was the end of it then.

    "Still, it impacted their relationship, and was probably among the reasons why David left that summer and signed for Real Madrid"...
    Yesterday, 07:34 PM
  • MUFC continue to show caring thought ... waiving fees due from lower league clubs for players on loans
    by E.S.
    MUFC continue to show caring thought during the current pandemic ... this time waiving fees due form other clubs for players on loans


    Dear Reds, we need your help - https://fundrazr.com/RedNewsSupport

    If you think what we do is important, then a subscription right now is a game changer for our future as an independent fanzine in the year ahead. No football = no games to sell at. We need your support now more than ever. We believe the terraces of Old Trafford and its culture is a little bit stronger when Red News is around, and that our fanzine still provides a strong voice, and a different take on supporting MUFC that is worth keeping.

    So on our 33rd anniversary we are opening up our new advanced annual subscription campaign because without your subscriptions, we will not be able to continue, nor be around in 2021. With your support, we will. We pride ourselves on still being a voice for normal Reds just like you. For giving space for reasoned, well thought out opinion, and for the type of exclusives and gossip you know us well for. And to praise, or hold the club to account, where it is appropriate. To shine a light where it is needed. A different type of fanzine. But one that still holds the same principles as when we first started in April 1987.

    We have weathered many storms, including a decline in matchday sales, and all the changes, both good or bad, at Old Trafford in our time, but events right now out of our control are different... We only survive because of our readers. Without advertising, you keep us alive.

    If games are behind closed doors, we will still publish. We WILL still publish. If needs be we will make certain mags double issues every second month like our one will be in May 2020.

    The target this summer is 333 Reds.

    Thank you - https://fundrazr.com/RedNewsSupport


    Goalkeepers Joel Pereira (Hearts), Kieran O'Hara (Burton Albion) and Ethan Hamilton (Bolton) have had their loans fees waived by United saving clubs around £100,000...
    Yesterday, 07:30 PM
  • United’s Third Quarter Financial Results - Some thoughts...
    by Red News
    United’s Third Quarter Financial Results

    - United has announced its third quarter results for the three months from January 2020 to March 2020. United’s financial year runs July 2019 - June 2020.

    - The full financial impact of the Covid crisis will not be known until the fourth quarter results (April to June) are announced later in the year. Nevertheless, United’s revenue and profit took a big fall compared to the same three months a year ago. Partly as a result of no Champions League this season and partly the cessation of football altogether from mid-March. The club reckon Covid related effects reduced revenue by £23m for the quarter.

    - The big question is whether United has enough cash to pay its bills over the next few months? As we’ve said before, the club was generating less cash this year even before Covid. As at March 2020, United had £90m in cash which was £100m smaller than the same point in 2019. United has an unused overdraft facility of £150m - giving a total headroom of £240m if it’s needed. 

United has three big costs. a) Salaries. £70m every three months. b) Transfer fees. We’ve been told that the club owes transfer fees of approximately £125m although we’re not sure of the dates these are due. United is owed c.£50m from other clubs (primarily Lukaku which is being paid in instalments by Inter although the majority is not due this year). c) Other operational costs such as property cost, fees to casual workers which are still being paid; utilities etc. Annually c£108m. 

The club has detailed cash flow forecasts based upon different scenarios but we do know that as a result of Covid United is “closely controlling costs and reviewing planned capital expenditures”. No surprise there. The usual Glazer tactic is salami slicing costs whereby they hammer down on every cost line. It’s pernicious and harmful. The expansion and refurbishment of Carrington will get kicked into touch. We would not bet on any big transfer fees this summer.

    - In the nine months between July 2019 to March 2020, the club paid out £211m in cash for transfer fees - Maguire’s £78m fee was paid up-front plus several other arrivals and payments on Fred’s £53m fee from 2018. On top of this United still owes a further £125m in transfer fees to other clubs. 

    - Commercial revenue was up slightly compared to the same period last year. Well done Dickie, have a cream cake big boy. That said, the fourth quarter numbers will be interesting. Much will depend on the ‘force majeure’ clause in the contracts with each sponsor. This is a clause that frees both parties from liability or obligation when an extraordinary event occurs beyond their control such as a pandemic. With no football being played, commercial partners may try and negotiate reduced payments although the club did say that it does not expect any disruption to commercial revenues. Let’s see.

    - Previously, United had been forecasting revenue for the full year of £560m to £580m. Unsurprisingly, it has cancelled this forecast and will not give a fresh one at the moment. 

    - It is incredible that 15 years after the Glazers’ leveraged buy-out, the club still has a debt mountain of $650m. These loans were taken out in the US and are denominated in dollars. £519m is the amount showing in the accounts. It costs c.£25m to service the debt each year.

    Confirmation of no summer tour. India had been planned but is now binned.

    Full-year financials to 30th June 2020 will be announced September.
    21-05-2020, 08:45 PM
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