Toe In The Water @ToeInTheWater1 Twitter profile | Pikagi

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Toe In The Water

@ToeInTheWater1

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Northerner 🔴⚪️⚫️ "All men are cremated equal" (Spike Milligan). Grey, not bald.

https://t.co/favqGU3AC1

Joined July 2013

Don't wanna be here? Send us removal request.

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@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

3 years

The GLAZERS and MANCHESTER UNITED…17 threads. An interpretation of events covering: - £1.4 billion transfer spend - tax avoidance (not illegal) - "disintegration of Old Trafford" - the 2013 squad - 2nd biggest debt in Europe - sale of 52m shares for $814m - exec pay; and more👇

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@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

2 years

Happy Dividend Day #GlazersOut

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@ToeInTheWater1

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3 years

1/9 Man United: “The owners need to sell the club, they’ve let the ground disintegrate, they’ve let the training ground disintegrate.. We are now a second class club in our country, this was the greatest club in the world, not just England.” @GNev2 A thread 👇

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@ToeInTheWater1

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3 years

1/11 In the last few years, the Glazers sold 52m shares raising $814m. How is this linked to £773m of debt they placed on the club and to their own financial problems in the US? A thread.

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@ToeInTheWater1

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1 year

United haemorrhaged £148m cash in first 9 months of the financial year 👇 Debt is a record £1 billion. Never been higher £1.5 billion infrastructure cost incoming shortly Interest costs rising 5 loan players in last 12 months They're out of road

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@ToeInTheWater1

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2 years

#GlazersOut

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2 years

UNITED: These transfer links to United are all very interesting, but where’s the money coming from? Plus, how is a huge re-vamp of OT and Carrington going to be paid for? A thread 👇 1/13

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1 year

2pm

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2 years

Manchester Ciddy's financial transformation was underpinned by commercial deals out of Abu Dhabi. This index of commercial revenue growth shows the scale of financial doping in plain sight

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@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

2 years

First look at United's annual financials looks pretty grim. Big loss. Wages last season, biggest ever for an English club at £384m. Debt on 30th June is £630m, and that's before the £220m splurge in the summer transfer market. £33m in dividends financed by a £40m higher overdraft

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@ToeInTheWater1

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8 months

The irony of a Citeh fan criticising non-resident billionaires taking advantage of publicly funded infrastructure is extremely delicious

@slbsn

slbsn

8 months

For those at the back, Ratcliffe isn’t talking about taking on a white elephant stadium with no alternative use or purpose (aka a liability), converting it for use and paying for the opportunity on a continuing basis. He’s talking about a tax payer subsidy for a purpose built,

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@ToeInTheWater1

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2 years

UNITED Record losses. Rising debt. Declining cash. Core business not performing. All despite United’s third biggest-ever revenue 🤔. The worst season in 50 years on the pitch. United has major challenges. A long thread

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@ToeInTheWater1

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2 years

UNITED. Friday 24th June, the Glazers pay their third dividend this financial year. Total of £33m. Despite: - massive financial losses - retained deficit (no reserves to draw on) - £100m overdraft as part of £591m debt HOW? By creating artificial/non-cash profits. 😷👇

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2 years

How insecure are the Glazers feeling? Look at the incoming transfers over the next 10 days. All paid by additional debt. Which makes United's finances more unsteady. Negative cash flow. No CL money. Rising debt. A declining number of sponsors. #ticktock

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2 years

Joel Glazer micromanages United’s affairs from the US. Nothing of consequence happens without his approval. He’s not been near OT for nearly 3.5 years. Madness. He has to go. 👉🗑

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2 years

UNITED. Had a skim through the annual report (1 July 2021 - 30 June 2022). It’s bad. The culmination of 17 years of greed, buffoonery, and mismanagement 👇👉🗑️

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2 years

Tramp spotted leaving Old Trafford with a big bag of cash

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2 years

United's 4th biggest external shareholder cashes out 👀

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Toe In The Water

@ToeInTheWater1

3 years

MAN UNITED: Joel Glazer promised the biggest fan share scheme in world sport. And it would be in place for the start of the season, August 2021. Where is it? A thread 👇 1/11

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3 years

Glazer has broken his first Fans' Forum promise. Share scheme not in place by the beginning of the season with no explanation why. Which promise is to be broken next? 🤔

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2 years

How good was last night in all respects Still #GlazersOut until they're gone

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2 years

UNITED. Including Antony, over £200m has been spent in the window. Only £8m was recovered (Pereira). But how was it financed? United has been losing big money in recent years 👇🤔

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2 years

United's full report was released overnight. Lots to concern us. Example: transfer debt £307m! Highest ever by a big margin. Amazingly, United is out of cash. How did it get to this?

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1 year

Club did not seek advice of experts in domestic abuse or coercive behaviour during the investigation. What the hell were they doing for 6 months?

@AdamCrafton_

Adam Crafton

1 year

🚨Manchester United’s internal process has not consulted charities specialised in supporting women in cases where alleged domestic or sexual abuse has occurred. The club did give consideration to pre-briefing charities in days before proposed announcement.

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2 years

@sistoney67 @ManUtd You'll find it's the fans who've been attacked. For 17 years

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3 years

As United pump out the propaganda. Here's a reminder that the Glazers have benefitted from £2.2 billion of our money. Or, £2.7 billion after adjustment for inflation 🙄

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1 year

This is how they run the club. Indecisive. Thick as mince. The six of them sat round a table and no one has the intelligence nor leadership to define a clear path. No wonder United has been in the sh1t for years.

@TelegraphDucker

James Ducker

@TelegraphDucker

1 year

The #MUFC takeover saga could remain unresolved until the end of the Premier League season. No expectation a preferred bidder will be declared this week as the Glazers continue to weigh up all options. Tensions growing behind the scenes. From last night:

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2 years

UNITED. Losses of £44.6m in nine months to 30 March. Debt increases to £591m. Yet announced new dividends to be paid on 24th June! Trebles all round!! 🙄🍸🍸🍸

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2 years

United's Q2. Most importantly. Cash flow statement shows the club spent £92m more of cash than received. Meaning, the club needed a £100m drawdown on credit lines giving a total gross debt of an eye-watering £742m! Plus around £250m of transfer debt!

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3 years

9/9 But they’re commercial geniuses, right? Not quite. More on that story in the next @barneyrednews RN294/95 out in April.

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2 years

The gimps are going to try to create an auction and sell United to the highest bidder. We can't control that. But we can make things uncomfortable for bids that we don't like.

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2 years

UNITED Quarterly financials for the three months from 1st July 2022 to 30th September 2022 Over £1 billion in debt Burning through cash; soaring liabilities; continuing losses

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2 years

UNITED. After the Super League disaster, Glazer was forced into speaking to fans and making promises, including investing in infrastructure after years of neglect

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2 years

The pony-tailed gimp was at OT today along with the lesser-spotted Ed Glazer, who is a fund-raiser for Trump 🙄(2016 article). Head gimp and main decision-maker, Joel Glazer, has not been to OT for 1,215 days

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3 years

Why did Fergie leave behind a squad in 2013 on its last legs and in need of a big re-build? Because in the four years before, the Glazers took £330m out of the club's cashflow in financing costs #ticktock

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2 years

A look at United’s quarterly financials for the three months from 1st October 2022 to 31st December 2022 and the first 6 months overall The results were poor No wonder these were released after the second round of bidding, a month later than usual

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3 years

1/4 The absolute state of United's transfers since 2013. 👇40 players. £1.2 billion in fees. Add agents' fees and Premier League Levy and it's £1.4 billion. Our money wasted. Who's responsible?

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3 years

7/9 Vast amounts of money have been spunked on Glazer ownership costs.👇😡🙄🧐💰

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2 years

United breaks the billion-pound barrier in debt 😲 1st working day after quarter-end, United drew a further £100m in debt. Total financial debt of £780m + net transfer debt of £250m.

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1 year

This FFP fine was not caused by Covid, but by a £150m pre-tax loss in 2022, which was a Champions League season with the 3rd highest-ever revenue. Out-of-control wages (£384m) and transfer fee amortisation (a record £151m) caused operating expenses of an eye-popping £692m. 🙄

@TyMarshall_MEN

Tyrone Marshall

@TyMarshall_MEN

1 year

Manchester United fined €300,000 by UEFA's Club Financial Control Body after being monitored for FFP breaches. UEFA said club reported 'minor break-even deficits' covering the financial years 2019 to 2022 #mufc

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2 years

Since 2021, gimps have taken £43m in dividends and £188m in share sales. United is just an ATM that they are desperate to keep hold of. #GlazersOut

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3 years

8/9 Although, they did spend £1.4 billion of our money on kamikaze transfer spending after 2013 by buffoon-in-chief, Ed Woodward 🤡🧐🙄👇

@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

3 years

1/4 The absolute state of United's transfers since 2013. 👇40 players. £1.2 billion in fees. Add agents' fees and Premier League Levy and it's £1.4 billion. Our money wasted. Who's responsible?

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2 years

United...This important quote from @KieranMaguire explains 1) why Old Trafford and Carrington are in a state, and 2) why Glazer pushed so hard for the Super League despite it being so damaging to English and European football. #GimpsOut

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3 years

1/10 A story of debt, taxes and public services👇

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2 years

UNITED. Would you buy a second-hand car from Joel Glazer without seeing it or test driving it? No. Neither would we. So why is MUST trying to bulldoze through a fan share scheme without details?

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2 years

Yeah really "excellent". Ajax's entire revenue for 2021 was only €125m. Edwin had Murtough's pants down in the last week of the window 😆

@utdreport

utdreport

2 years

John Murtough did an "excellent" job on the Antony deal in the last few days, but also Edwin van der Sar. He really helped on the Ajax side and was always calm and relaxed to find the best solution [ @FabrizioRomano ]

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3 years

6/9 The plc before the Glazers now looks very well run. Compare the levels of debt! Average of £2m per year compared to £535m per year under the Glazers! During that time the plc re-built the stadium on three sides and opened Carrington! 👇🤢

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2 years

United rents a floor of this office block in suburban Maryland. Joel Glazer sits, virtually alone, and dictates and decides on United's affairs. He micromanages from here and has not been near OT in over 1,200 days. Time for change

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3 years

2/9 Why is Old Trafford and Carrington a mess? Football finance analyst @SwissRamble says United, “only spent £118m on infrastructure in the last 11 years.” 👇But when you break it down it’s worse. 🧐

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2 years

AVRAM GLAZER became chairman of Innovate Corp two years ago. Yesterday's results show shares are sinking like a stone👇. He sold $95m of United shares in early 2021 to help him build a 29% stake in Innovate on which he has made huge paper losses. 🙄👉🗑️

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The past five years for INNOVATE (NYSE:VATE) investors has not been profitable

Statistically speaking, long term investing is a profitable endeavour. But unfortunately, some companies simply don't...

uk.finance.yahoo.com

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@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

2 years

Exclusive pic of Dickie catching up on some reading 👇🤨

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3 years

Man United. Someone asked me to create one thread, so here it is. How did the gimps pay themselves £154m in dividends despite years of losses. Three of their actions. To be clear, no extra cash was generated. A thread 👇 1/7

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Toe In The Water

@ToeInTheWater1

9 months

This is an example of how this hideous gargoyle trades off his association with United, offering the Pakistan cricket captain United shirts and tickets to OT.

@iShaheenAfridi

Shaheen Shah Afridi

@iShaheenAfridi

9 months

Thank you Avram Glazer. It was great to meet you. Eagerly anticipating attending some Manchester United and Tampa Bay Buccaneers NFL games with you and to host you in my beautiful Pakistan. 🇵🇰 🙌 @manutd @buccaneers #VipersFam #FangsOut

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3 years

UNITED> It's one year since the Super League disaster. In meeting the Fans Forum last year, Glazer made several misleading statements and others that are at best questionable. A thread.👇👇 1/9 @GNev2

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2 years

Makes my skin crawl hearing this guy talk about United's fabled youth system. The same person who slashed budgets in 2005, left it a shadow of what it had been. Only last 3 or 4 years that more funds have been released to help it recover

@Glazerspissoff

Glazers out

@Glazerspissoff

2 years

Man has no clue about anything at Manchester United avram did you not see many youth players such as Angel Gomes, James Garner have been sold or let go this list goes on pogba come through the youth left for free came back for 90 million again D'Mani Mellor youth player gone

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@ToeInTheWater1

Toe In The Water

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3 years

11/11 It is a story of the Glazers’ reckless approach driven by greed. The arse-end of US capitalism wreaking havoc on a community asset. Debt today stands at £582m, which is higher than when they acquired control in 2005!

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Toe In The Water

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2 years

Whilst United scrambles around for loan singings, a reminder that the Gimps paid £68m in dividends 2019-22. Plus, during Covid spent £21m buying the club's own shares to prop up the share price. All financed by a £100m loan 🙄

@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

2 years

In the three years between 2019-22, there was massive negative cash flow (£199m) 🤔. Yet, £89m out of the club in dividends and share re-purchase👇. Which was financed by external loans of £100m😡

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3 years

United has second biggest debt in Europe after Spurs. How is Glazer going to finance all this big infrastructure spend at OT and Carrington? United is loss-making. Can't borrow massive amounts of money. And share price is on its arse and close to lowest since 2012. tick tock

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2 years

UNITED - “Playing performance doesn’t really have a meaningful impact on what we can do on the commercial side of the business,” said our former leader. True? 🤔 Let’s look at United’s commercial revenue from 2005-21

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2 years

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2 years

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3 years

Since 2013, Joel Glazer and Woodward took all the major decisions. And got them wrong. Managers, transfer policy, key appointments in the football structure, etc. It will take years to sort out this mess. And Arnold is just a Woodward clone with an extra 30kgs of body fat 🙄 👉🗑️

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3 years

5/9 Do the gimps get any credit for the two quadrants finished in 2006. No. The plc had saved the £40m cost in cash. See how the Glazers had emptied the bank account by 2006! 😡 👇

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2 years

This is key 👇. The core business is not generating enough cash. This is the money United uses to pay for transfer fees, investment in infrastructure and financing

@KieranMaguire

Kieran Maguire

2 years

Manchester United generated £71m cash in the first quarter of 21/22 from day to day activity. This fell to £3m in 22/23

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1 year

Glazers sold $832m worth of United shares since 2012 and invested nothing in the club.

@MarkKleinmanSky

Mark Kleinman

@MarkKleinmanSky

1 year

EXCLUSIVE: Sir Jim Ratcliffe will commit $300m (£245m) from his multibillion pound fortune to @ManUtd 's ageing physical infrastructure as part of a deal - expected to be sealed this month - that will see Ineos Sports buying a 25% stake in the Red Devils.

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2 years

This Board has form for screwing things up. They need to sell up and allow a competent owner with the necessary funding to take United into its next stage of development. 👇 13/13

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3 years

UNITED> Since the Super League disaster of April 2021, United has paid dividends of £21.6m. Also, the Glazers sold a further 9.5m shares, raising $161m (£123m) for their pockets. Talk about tone deaf. 👇 1/7

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2 years

If United finish outside the CL places again for a 2nd year, the £75m per year adidas deal gets a 30% cut spread over the remaining term to 2025. That would be a £22.5m reduction spread over two years. Commercial revenue not been a great story for several years 👉🗑️

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2 years

£24m cash in the bank covers only 2 or 3 weeks of operating expenses! 😲 Joel and Aram will be hitting the credit card hard!

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3 years

3/9 Break the numbers down and it’s closer to £90m over 11 years. The building extension at Carrington (new medical block) cost £12m and the new disabled facilities at OT £11m were big chunks of that. 🤨 👇

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8 months

@ncustisTheSun Your exclusive about Qatar buying United def deserved an award, Neil

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2 years

United. As the Glazers look around for 'economic levers' to help rescue United's financials from problems caused by years of incompetence and greed, Cantona reminded them 'that naming rights to OT is a no-go area 👇

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3 years

4/9 It’s an average of £8m per year across all property. What have they spent that money on? The facilities have disintegrated. Maybe the infrastructure money was spent by the same people who do United transfers. Look at the state of Carrington... 👇🙄

@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

3 years

Aerial view of the car park at Carrington taken 15/12/2021. Two prefabs in the car park where employees work. Building 1 is new. Building 2 has been there for years. A refusal to invest, left it behind other clubs. They've promised to invest, where's the plan? 10 years of neglect

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2 years

One of United's biggest external investors has slashed its holding. Baron Capital held 16m shares in 2015 but had become critical of “poor investments in players”. Two major sales of shares this year left it holding only 1.5m shares. Gimp-tastic 👉🗑️

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Ron Baron Continues to Sideline Manchester United Stake

The popular soccer club saw 3rd-quarter revenue recover despite disappointing season

www.gurufocus.com

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@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

2 years

United tempting fans into crypto-currency - an unregulated market subject to wild swings in value. Irresponsible and morally questionable. This whole Board needs sweeping into the bin. 👉🗑️

@josephmdurso

Joey D'Urso

2 years

News: Manchester United are "entering Web3" by launching NFTs on Tezos, the blockchain with which they signed a £20m a year training kit sponsorship with in February. I've looked into it in detail and here are three reasons I'm genuinely stunned...

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@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

2 years

UNITED. Last two years, £203m of cash losses yet gimps still took £55m out of the club in dividends and share buy-backs 🙄👉🗑️

@SwissRamble

Swiss Ramble

2 years

This £719m cash loss was partially offset by £282m financing , though this still ended up in a net cash outflow of £437m in last 2 years. The financing was made up of £214m from the owners (loans £163m and share capital £52m) plus £102m external loans less £34m dividends.

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Toe In The Water

@ToeInTheWater1

1 year

Razor sharp this 👇. Ten years on from The Fellaini Window, United’s age of waste goes on | Manchester United | The Guardian

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Ten years on from The Fellaini Window, United’s age of waste goes on | Barney Ronay

A lingering inability to fill a giant hole at the team’s heart sums up the club under the Glazers as inertia, muddle and lethargy goes on

www.theguardian.com

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@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

2 years

Teamviewer is £47m a year. The deal before it with Chevrolet was £64m👇(Swissramble from 2020). Wonder what the next one will be? No trophies in 5 years and failure to get CL football, not such an attractive place to put your logo

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Toe In The Water

@ToeInTheWater1

1 year

When United handed the No.7 shirt to Michael Owen my teeth and fingernails fell out. After that, anyone is an improvement

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@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

3 years

@thehill Wow. Have they not suffered enough

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Toe In The Water

@ToeInTheWater1

2 years

Elliott is an "activist hedge fund." Combining them with the Glazers would be the worst possible outcome.

@TimesSport

Times Sport

2 years

"Redeveloping Old Trafford to increase capacity while maintaining ownership of the club could be the most appealing option for the Glazers. Elliott Investment Management has made this bidding process a true three-horse race" | @Lawton_Times

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Toe In The Water

@ToeInTheWater1

2 years

Avram Glazer, Chairman of Innovate receives a notice that the company is under threat of de-listing from the New York Stock Exchange because of poor performance 👇. For more read the thread above.

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@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

1 year

Glazer's statement👇 that £100m has been spent on “infrastructure” at OT in the last 10 years is false. Details in next edition of Red News (310/11) in late September. One of a number of misleading statements he made to that crucial Fans' Forum after the Super League disaster

@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

2 years

“end up with a result that everyone can be proud of” and “world-class” training ground”

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Toe In The Water

@ToeInTheWater1

2 years

If I was Jim Ratcliffe, I'd be having a wee smile at these results. The club is run by buffoons with no immediate prospect of a big upturn

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@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

8 months

Imagine Ciddy objecting to new PL rules which seek to control inflated commercial deals from clubs' owners. Knock me down with a feather 🙄

@MarkKleinmanSky

Mark Kleinman

@MarkKleinmanSky

8 months

EXCLUSIVE: A Premier League club - thought to be Manchester City - is threatening to bring a legal challenge to prevent the adoption of reforms to rules governing associated party transactions aimed at ensuring fairer commercial deals in the top flight.

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2 years

In support of @The__1958 campaign to block out offensive logos and the like 👇 #GlazersOut

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Toe In The Water

@ToeInTheWater1

3 years

10/11 Glazers bought United with debt, which they transferred onto United, and used the club's money to service it. In effect, the fans bought the shares for them! As the debt spiralled, United shares were sold to get them out of the crisis! The worst of US capitalism!

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Toe In The Water

@ToeInTheWater1

3 years

UNITED: If the rumour is true the scheme was limited $10m, that's 0.4% of total shares and 1% of votes!!!!! Biggest fan share scheme in world sport Glazer said!!! 😆👉🗑️. #WalkAway

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Toe In The Water

@ToeInTheWater1

2 years

Although Joel's announced more dividends fr himself, let's remember that he loves United. Right? 🤔

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@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

8 months

Jim/Unitedis the red shaded area. The other 4 are Trafford Council working with private developers. Peel Group, who built Media City, are already linked. Await details of what they are trying to do with each 'neighbourhood.' Expect loads of flats. Hoefully some high tech

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Toe In The Water

@ToeInTheWater1

2 years

UNITED. From yesterday's financials. United has £591m of debt. £489m ($650m) is Glazers' debt from the 2005 takeover. Plus another £102m in Covid related overdrafts. #debtjunkies

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Toe In The Water

@ToeInTheWater1

3 years

Aerial view of the car park at Carrington taken 15/12/2021. Two prefabs in the car park where employees work. Building 1 is new. Building 2 has been there for years. A refusal to invest, left it behind other clubs. They've promised to invest, where's the plan? 10 years of neglect

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@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

10 months

How United's shareholding alters as Ratcliffe buys his 25% stake plus an initial $300m investment. Plus another $1.4b to come later, assumed below to be on the same basis as the $300m.

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@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

2 years

The European Super League raised its head again in this morning's press. As United wriggled out of last year's crisis they made this 👇 firm promise to fans in September 2021. They would not dare renege, would they?

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@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

2 years

@TelegraphDucker Reason is Woodwards removal left them with majority US citizens on the Board. If this had been situation at end of December, which risked losing foreign private issuer status on the NY stock exchange with huge implications for levels of disclosure and costs.

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@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

2 years

UNITED. Wonder how the gimps have been financing transfers? 🤔Before Covid there was a significant and growing block of permanent debt that kept being rolled-over as new deals happened. Growing again now. What will it be at the end of this summer?👇

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Toe In The Water

@ToeInTheWater1

6 months

@georgegalloway @WorkersPartyGB Glazers..."looted the club of billions of pounds... they didn't even buy the club, they borrowed against the club's assets and paid themselves a king's ransom in dividends... the Glazers must go is the feeling of 99.9% of United fans…[Glazers] are robber barons from New York"

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@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

2 years

UNITED's new biggest external shareholder (Ariel Investments) with 12m shares, has already seen between 17% - 33% reduction in the price it paid only 6 months ago. Buyers regret? 🤔

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Toe In The Water

@ToeInTheWater1

1 year

United's financials to March 2023 - waiting for the full interim report, but from the press release: 1⃣ Revenue increasing 👍 2⃣ But still losing money 🙄 3⃣ Debt remains c. £1 billion 😷 4⃣ Cup runs helped generate a decent amount of cash in third quarter (Jan - March) 👍

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@ToeInTheWater1

Toe In The Water

@ToeInTheWater1

2 years

state of this paint job at OT 😆. that 4th pic

@mickmcr

WE'LL SUPPORT YOU EVER MORE

2 years

Shit paint job #GlazersOut

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