#954 | Ed and Jamie kick off the new year by breaking down the financial challenges faced by INEOS, Sir Jim Ratcliffe’s company - and what it could mean for Manchester United. They discuss Ineos' high leverage, debt restructuring plan, and the potential implications for United's ownership structure. Jamie and Ed also touch on the competitive landscape of the Premier League - and the hurdles in achieving European football. As they speculate on future moves both on and off the pitch, the episode offers insight into the complicated intersection of United and the ownership in 2026. 00:00 Introduction 02:13 INEOS Financial Overview and Debt Situation 11:03 Restructuring and Cost-Cutting Measures 17:31 Impact on Manchester United Ownership 24:37 Red Knights 2.0 and Former Players Investment 29:42 Glazer Family Position and Negotiating Power 35:19 United's On-Pitch Performance and Financial Future If you are interested in supporting the show and accessing a weekly exclusive bonus episode, check out our Patreon page or subscribe on Apple Podcasts. Supporter funded episodes are ad-free. NQAT is available on all podcast apps and in video on YouTube. Hit that subscribe button, leave a rating and write a review on Apple or Spotify. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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