Gary Neville has blamed the circumstances that led to Manchester United's hard cost -saving measures on the 'Absolute S *** Fest of Management' by the glazers in another stabbing criticism of the ownership group.
Among the new minority owner Sir Jim Ratcliffe, Man United made 250 employees superfluous, and this week announced that 200 jobs can be endangered as part of Savage cuts aimed at bringing financial stability to the club.
Other measures, including the removal -free staff meals, the cropping of Christmas bonuses, lowering the salaries of club ambassadors and canceling charity donations – including the annual donation of £ 40,000 to the Association or former players of Manchester United have also caused friction among the supporters.
Under the Aegis of Ratcliffe, the club also announced in November that it would delete ticket concessions for children and pensioners and walk the costs of tickets for a home game for a plane £ 66 rate.
The painful financial movements have come to the field against the background of another uneven season for the men's side, with the Ruben Amorim 14th side in the Premier League rankings.
But Neville emphasized that although unpopular, the club urgently needs strong financial management, with almost 20 years of glazer ownership, more than £ 500 million in debts has deposited on the club.
“About three years ago I said that United had to bring in money,” Neville said on a stick to football, brought by Sky Bet. “It was a car accident waiting.
'The club's finances are shot, absolutely shot in pieces. The debt, the recruitment is reckless, the increase in staff from 600 to 1,200, which is simply incredible, the lack of Champions League football, which is £ 30, 40, 50 million a year, it is an absolute mess. The club no longer has cash.
'What you see now are desperate decisions. Some of them think that are needed, some are bad. You do not remove any food from people at Old Trafford, you don't get £ 40 from the former players.
'And to be honest, (the dismissal of) than Ashworth was a mess, because that is someone you have chased for eight months and you have lost after three months, that is a shock and that is £ 4 million.
'But this is a highlight of absolute S **** Fest of Management of the Glazers. Until the point at which a £ 1 billion has been paid off in interest, the club is covered in terms of performance, cash flow, profit – it has been lost in three years £ 300 million.
'Man United used to be the most profitable football club – in 2018 they had £ 350 million in the bank. From that moment I think (Ratcliffe's) Ineos has introduced £ 300 million and that is not much left. '
Neville's co-host Ian Wright agreed and added that the Glazer ownership felt the club as 'scammed'.
“They came from America and come to the largest club in the country,” Wright added. “Something has to be done at the end of the day.”
Last week the news saw that the club had only spent £ 14.5 million on the dismissal of former manager Erik ten Hag – £ 10.4 million – and Ashworth, who was relieved of his contract for £ 4.1 million only five months after starting work at Man United.
The glazers, which retain a majority stake of 69 percent, the club deposited in debt after their buy -out in 2005. The last figures show that the debt is still in the books and currently £ 516.5 million in total.
United expects record income between £ 650 million and £ 670 million for the year.
They also predict income before interest, taxes, depreciation and amortization (EBITDA), which are used to measure the performance of a company, will be on the higher side of the previously predicted reach of £ 145 million and £ 160 million.
A spokesman for the Trust of the Manchester United Supporters said: 'United has one of the highest income in world football and yet we see enormous financial problems in these results, driven by £ 19 million in debt interest payments (more than six months), mismanagement including £ 14.5 million compensation in the previous decise in the previous, and now in the previous Distrium, and now in the previous Distrium, and now in the previous, and now in the previous Distrium, and now in the previous, and now in the previous, and now in the previous, and now in the previous, and now in the previous, and in the previous, and in the previous, and in the previous, and in the previous, in the previous DISTNIUn. decade, and now the dreadful. LEAGE LEAD We fall another £ 4 million in prize money.
'In this context, it is clear that ticket prices at United clearly are not the problem with the recent £ 66 changes that yield less than £ 2 million. This shows that a large increase in prices would be meaningless and counterproductive, which means that only a trivial difference is for the financial challenge, while the fan damages greatly and deteriorates the mood in the ground that inevitably feeds on even poorer team performance.
'Fans should not pay the price for a problem that starts with our paralyzing debt payments and are exacerbated by a decade or more mismanagement.
“It's time to freeze the ticket prices and to let everyone – players, management, owners and fans – find out and to restore this club to where it belongs.”
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