One Year of Brutal INEOS Cuts

No Question About That - a Manchester United podcast

Studio 1878

Soccer, Manchester United, Premier League, Sports

4.7 • 1K Ratings

🗓️ 20 February 2025

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Daily #29 | 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.

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

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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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