One Year of Brutal INEOS Cuts

No Question About That - a Manchester United podcast

Studio 1878

Sports, Soccer

4.7 • 1.1K Ratings

🗓️ 20 February 2025

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

#822 | INEOS closed their acquisition of around 25% of Manchester United a year ago (now up to more than 28%) and the change has been stark and sometimes brutal. Layoffs, cost-cutting, poor management decision making. It's an attempt to turn the club around but with brutal consequences. How should we think about it. Ed and Tom try and digest a year of change. CHAPTERS 00:00 Introduction 00:29 Reflecting on United's Past Year 01:20 Financial Struggles and Cost Cutting 02:11 The Telegraph Article and INEOS Critique 04:42 Transfer Mismanagement 07:21 Leadership Failures and Communication Issues 12:14 Future Prospects and Final Thoughts If you are interested in supporting the show and accessing exclusive bonus episodes, check out our Patreon page or subscribe on Apple Podcasts Subscriptions. We do a bonus show and a tactical review every week for backers. No Question About That is available on YouTube, Apple, Spotify, Amazon and all podcast apps. Hit that subscribe button, leave a rating and write a review. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Welcome to No Question About that. I'm Ed today with Tom. How's it going?
0:11.5	Yeah, really good. Thank you. How are you?
0:13.9	I'm all right. Doing fine. Today we'll talk about a telegraph article by James Ducker,
0:20.0	diving into a year of Inears and the brutal cost
0:22.9	cutting and relate that a little bit to the Q1 financials which came out a day or so ago.
0:29.3	Your shirt there says 1984. Is that one united with this bad?
0:33.4	That's it. Yeah. That's it. To be fair, kind of taking me back to those days, though, at least they...
0:41.3	Yeah, I mean...
0:42.7	When we finish in 984?
0:45.2	I'm trying to think how far down the table.
0:47.6	We won the cup in the 83, obviously, and then again, in 85, 84, I'm trying to, I think
0:54.0	there's a lead cup semi-final.
0:56.0	I'm probably muddling up my 80s at the moment.
1:00.3	But yes, 80s were not great except for Cup competitions.
1:03.4	I don't, we didn't finish 15th, which is where United are at the moment.
1:08.0	Although the finances were extremely perilous for a lot of the 80s,
1:12.2	if you remember when we sold Mark Hughes. For the first time, I think it was 89, United
1:18.6	needed the money because we were running out of cash. And that has been true for the last five
1:23.6	years. United slowly and then very quickly running out of cash completely.
1:29.1	I think it puts into context the conversation we're going to have about cuts and stuff
1:33.8	like that.
1:34.2	So you actually have lost over 300 million pounds in the last three years at the same time
	...

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