‘We burned through cash!’: Man United CEO Richard Arnold tells fans last season was ‘a nightmare’
‘We’re out of money!’: Richard Arnold, CEO of Man United, tells protesters in the pub that last season was ‘a nightmare’ for the Red Devils – admitting the club has ‘circulated a huge amount of money’ ‘ with nothing to show for
- Manchester United CEO Richard Arnold had a stunning face-to-face with fans
- The United chief was brutally honest in his assessment of the club’s situation
- Arnold told fans the club had been ‘burnt by money’ over the years
- The 51-year-old admitted that last season was ‘a nightmare’ for the Red Devils
Manchester United chief Richard Arnold has admitted to fans that the club has been ‘f****** with money’ and that last season was a ‘nightmare’.
United’s CEO met with supporters at the Boot Inn pub in Cheshire to discuss the club’s plight after they learned they would be launching an anti-glazing protest at his home over the weekend.
Speaking to fans during the meeting, Arnold gave a brutally honest assessment of United’s financial situation, Erik ten Hag’s transfer wish list and Glazer’s property.
Manchester United CEO Richard Arnold had a stunning face-to-face with fans on Saturday
The United chief labeled a ‘nightmare’ for the club last season as they finished sixth
In the video, Arnold says, “What happened is we got burned by cash… you can’t go to our training ground and say ‘By the way, show me where that billion pounds is’ because I don’t think we can do it.” have done well with the money we have spent in the past.
“We have transferred an enormous amount of money. For this summer, the money that the manager and the director of football need is there. Going forward, to invest in a new stadium and things like that, to make a latest and greatest £250m training ground, we have to do something. We need to bring in investors.
“Again, I need that to do what I want for the club. I must have more money than we have now. No club in the world has the money to build a new stadium without getting it from someone. You borrow it or someone invests it.
“The money has to come from somewhere, and maybe you don’t like our current owners, there’s nothing I can do about that. But if you want someone else to come in, they have to look and say, ‘Okay, their fans love the club and love the team, that’s positive’.
“I see last year as a terrible nightmare. it was a nightmare. I hated every game, it was a few things. One of the protests…” before the video finally stops.
In a video leaked online, United’s CEO tells fans the club has been ‘burnt by money’
According to fans who attended the meeting, Arnold spoke in detail about the club’s plans to achieve success on the pitch, plans to improve the stadium and the size of the budget Erik ten Hag will have to deal with this summer – but only a short part was captured on camera.
The 51-year-old replaced Ed Woodward in early February after the former United chief was the subject of a number of protests against the club’s performance on the pitch and their desire to start a European Super League.
Despite Woodward’s departure, fans remained frustrated with the club’s performance as they dropped to sixth in the league last year – their worst Premier League finish ever.
United supporters have staged a number of protests in the past year, with a group dubbed ‘the 1958’ particularly expressing their disdain for the Glazer family.
Arnold (right) took over as CEO of United after Ed Woodward left in February
Ahead of their home game against Norwich in April, the group displayed banners on the outskirts of Old Trafford as members marched around carrying placards and torches.
In April last year, a home game against Liverpool was postponed after a large number of fans made their way through the stadium and the pitch.
A month later, United supporters went even further, with the banner ‘£2bn stolen #GLAZERSOUT’ during their match against Leeds.