No Question About That - a Manchester United podcast

United Inc: Refinancing Explained

51 min · 19. Juni 2026
Episode United Inc: Refinancing Explained Cover

Beschreibung

#1017 | It might be the World Cup, but Ed and Jamie talk football finance with Manchester United refinancing $425m of bonds - replacing them with a $550m private placement. Gross annual interest is up, but with the maturity pushed out and some expensive rolling debt replaced, the impact on United’s bottom line isn’t as serious as some reports.  From there, there’s some speculation about how the refinancing impacts the new stadium and what United are likely to do on that front.  Then the Bloomberg report that some of the Glazers may sell: the control mechanics, the 2027 clauses, and why outside institutional money sits more comfortably in a stadium vehicle than in the club itself. Finally, Amazon's All or Nothing closes the discussion, its marketing upside against the familiar PR risk. 00:00 Intro and World Cup chat 02:26 United's refinancing 12:46 Stadium financing 18:29 Glazer ownership and a possible sale 29:05 Amazon's All or Nothing 35:13 Transfers and Amorim’s payoff If you are interested in supporting the show and accessing a weekly exclusive bonus episode, check out our Patreon page [https://www.patreon.com/bePatron?u=3611755] or subscribe on Apple [https://podcasts.apple.com/gb/podcast/no-question-about-that/id327751771] Podcasts. Supporter funded episodes are ad-free. NQAT is available on all podcast apps and in video on YouTube [https://www.youtube.com/@noquestionaboutthat]. Hit that subscribe button, leave a rating and write a review on Apple [https://podcasts.apple.com/gb/podcast/no-question-about-that/id327751771] or Spotify [https://open.spotify.com/show/6Y5ocXvUHXg7adtsqN3jO1]. Learn more about your ad choices. Visit podcastchoices.com/adchoices [https://podcastchoices.com/adchoices]

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Alle Folgen

1441 Folgen

Episode The Tactics Show: World Cup Trends Cover

The Tactics Show: World Cup Trends

#1019 | Ed and Dharnish review the World Cup group stage through a tactical lens and preview the knockout stages. There’s England’s surprisingly slow play, lack of central connection, and concerns around the wingers ahead of DR Congo. Portugal have got plenty of issues as well, both structural and those from an overly static Ronaldo. Then there’s Argentina, who have the best midfield rotations and multiple elite progressive passers. France are praised for abundant attacking talent and smart in-game tweaks, Spain for using fullbacks to pin defences and free up Yamal, and Brazil for smart in-game adjustments. There's also a word for the host-nation energy, tactical impact of hydration breaks, and how refereeing changes have changed the game. 00:00 Intro and World Cup Vibes 01:27 England 10:58 Portugal 15:59 Argentina 20:39 France 25:17 Spain 29:15 Brazil 33:53 Germany and Other Nations 37:40 Refereeing If you are interested in supporting the show and accessing a weekly exclusive bonus episode, check out our Patreon page [https://www.patreon.com/bePatron?u=3611755] or subscribe on Apple [https://podcasts.apple.com/gb/podcast/no-question-about-that/id327751771] Podcasts. Supporter funded episodes are ad-free. NQAT is available on all podcast apps and in video on YouTube [https://www.youtube.com/@noquestionaboutthat]. Hit that subscribe button, leave a rating and write a review on Apple [https://podcasts.apple.com/gb/podcast/no-question-about-that/id327751771] or Spotify [https://open.spotify.com/show/6Y5ocXvUHXg7adtsqN3jO1]. Learn more about your ad choices. Visit podcastchoices.com/adchoices [https://podcastchoices.com/adchoices]

30. Juni 202654 min
Episode New Trafford Moves a Step Closer Cover

New Trafford Moves a Step Closer

#1018 | Ed and Dan on United's step towards a new Old Trafford after the club bought 25 acres next door. Should United move? And if it's inevitable, can the club keep its history and avoid another concrete bowl? On the money, a warning against the simple version: this will be structured, debt, equity, naming rights and personal seat licences, not one clean option. Then transfers: André Onana's loan to Trabzonspor confirmed, the midfield rebuild stalling, £40m on Ederson, hot competition for Mateus Fernandes, and a question mark over Aurélien Tchouaméni. The World Cup closes out the show, with underdogs entertaining while England's balance, selection and struggle against Ghana's low-block all come under fire. 00:00 Introduction 01:56 New Stadium Debate 03:01 Old Trafford: Heritage vs Progress 04:08 Stadium Financing 19:01 Transfer Window: Midfield Rebuild 21:33 Fernandes and Spending Strategy 38:14 World Cup, England, Group Stages If you are interested in supporting the show and accessing a weekly exclusive bonus episode, check out our Patreon page [https://www.patreon.com/bePatron?u=3611755] or subscribe on Apple [https://podcasts.apple.com/gb/podcast/no-question-about-that/id327751771] Podcasts. Supporter funded episodes are ad-free. NQAT is available on all podcast apps and in video on YouTube [https://www.youtube.com/@noquestionaboutthat]. Hit that subscribe button, leave a rating and write a review on Apple [https://podcasts.apple.com/gb/podcast/no-question-about-that/id327751771] or Spotify [https://open.spotify.com/show/6Y5ocXvUHXg7adtsqN3jO1]. Learn more about your ad choices. Visit podcastchoices.com/adchoices [https://podcastchoices.com/adchoices]

26. Juni 20261 h 2 min
Episode United Inc: Refinancing Explained Cover

United Inc: Refinancing Explained

#1017 | It might be the World Cup, but Ed and Jamie talk football finance with Manchester United refinancing $425m of bonds - replacing them with a $550m private placement. Gross annual interest is up, but with the maturity pushed out and some expensive rolling debt replaced, the impact on United’s bottom line isn’t as serious as some reports.  From there, there’s some speculation about how the refinancing impacts the new stadium and what United are likely to do on that front.  Then the Bloomberg report that some of the Glazers may sell: the control mechanics, the 2027 clauses, and why outside institutional money sits more comfortably in a stadium vehicle than in the club itself. Finally, Amazon's All or Nothing closes the discussion, its marketing upside against the familiar PR risk. 00:00 Intro and World Cup chat 02:26 United's refinancing 12:46 Stadium financing 18:29 Glazer ownership and a possible sale 29:05 Amazon's All or Nothing 35:13 Transfers and Amorim’s payoff If you are interested in supporting the show and accessing a weekly exclusive bonus episode, check out our Patreon page [https://www.patreon.com/bePatron?u=3611755] or subscribe on Apple [https://podcasts.apple.com/gb/podcast/no-question-about-that/id327751771] Podcasts. Supporter funded episodes are ad-free. NQAT is available on all podcast apps and in video on YouTube [https://www.youtube.com/@noquestionaboutthat]. Hit that subscribe button, leave a rating and write a review on Apple [https://podcasts.apple.com/gb/podcast/no-question-about-that/id327751771] or Spotify [https://open.spotify.com/show/6Y5ocXvUHXg7adtsqN3jO1]. Learn more about your ad choices. Visit podcastchoices.com/adchoices [https://podcastchoices.com/adchoices]

19. Juni 202651 min
Episode Rashford Redemption Arc Cover

Rashford Redemption Arc

#1016 | Ed and Wayne talk about England's win over Croatia, in which a wobbly first half was followed by a much stronger second. Tuchel’s substitutions, a standout performance from Jude Bellingham, and a Marcus Rashford goal all helped England pick up three points. But is the balance in midfield right and how will heat and humidity impact the team in the coming games? Beyond England, Ed and Wayne have been enjoying the expanded tournament, the performance of smaller nations and new refereeing standards. The revived Messi vs Ronaldo debate gets short shrift though! Then a quick touch on United: players who are performing well in the World Cup, a new Amazon documentary is announced, and there's a new book and podcast series by Wayne. 00:00 England v Croatia, the opener 08:17 Rice, Bellingham and Anderson 16:14 Harry Kane and England's depth 20:19 Messi, Ronaldo and records 25:27 48-team expansion and format 27:27 Refereeing and VAR 34:57 United players at the World Cup 38:33 Transfers and the Amazon documentary 44:32 Wayne's book and podcast If you are interested in supporting the show and accessing a weekly exclusive bonus episode, check out our Patreon page [https://www.patreon.com/bePatron?u=3611755] or subscribe on Apple [https://podcasts.apple.com/gb/podcast/no-question-about-that/id327751771] Podcasts. Supporter funded episodes are ad-free. NQAT is available on all podcast apps and in video on YouTube [https://www.youtube.com/@noquestionaboutthat]. Hit that subscribe button, leave a rating and write a review on Apple [https://podcasts.apple.com/gb/podcast/no-question-about-that/id327751771] or Spotify [https://open.spotify.com/show/6Y5ocXvUHXg7adtsqN3jO1]. Learn more about your ad choices. Visit podcastchoices.com/adchoices [https://podcastchoices.com/adchoices]

18. Juni 202653 min
Episode World Cup Preview Part 2: The United Storylines Cover

World Cup Preview Part 2: The United Storylines

#1015 | Ed and Dharnish continue the World Cup preview, working through the groups with the United-related storylines front and centre. There are players, past and present, in across the World Cup groups: Casemiro, Ederson and Matheus Cunha with Brazil, alongside Morocco's Noussair Mazraoui and Sofyan Amrabat; Scotland's Scott McTominay and late call-up Tyler Fletcher; Turkey's reserve keeper Altay Bayindir; Ivory Coast's Amad; a cluster of ex-United names in the Netherlands, Japan, Tunisia and Sweden groups such as Depay, Weghorst, Hannibal, Lindelöf, and Elanga; Belgium's Lukaku; Portugal's Bruno Fernandes, Diogo Dalot and Cristiano Ronaldo; Argentina's Lisandro Martínez. The show ends with a deeper dive into England with some interesting choices made by Tuchel already. Will it pay off? Then there are some predictions. Terrible ones, no doubt. 00:00 Intro 04:41 Group A 05:42 Group B 06:35 Group C 12:33 Group D 15:30 Ad Break 1 15:48 Group E 19:25 Group F 22:20 Group G 26:16 Group H 29:28 Group I 34:53 Group J 36:29 Group K 41:08 Ad Break 2 41:29 Group L 50:41 Close & Predictions If you are interested in supporting the show and accessing a weekly exclusive bonus episode, check out our Patreon page [https://www.patreon.com/bePatron?u=3611755] or subscribe on Apple [https://podcasts.apple.com/gb/podcast/no-question-about-that/id327751771] Podcasts. Supporter funded episodes are ad-free. NQAT is available on all podcast apps and in video on YouTube [https://www.youtube.com/@noquestionaboutthat]. Hit that subscribe button, leave a rating and write a review on Apple [https://podcasts.apple.com/gb/podcast/no-question-about-that/id327751771] or Spotify [https://open.spotify.com/show/6Y5ocXvUHXg7adtsqN3jO1]. Learn more about your ad choices. Visit podcastchoices.com/adchoices [https://podcastchoices.com/adchoices]

10. Juni 202658 min