Originally posted by Bender
View Post
Announcement
Collapse
No announcement yet.
Manchester United
Collapse
X
-
United post record revenues
Manchester United will "invest in the squad"after posting record revenues for the third quarter of the financial year.
United reported revenues of £115.5million for the quarter, up 26 per cent, mainly due to rises in income from Premier League broadcasting money and sponsorship deals.
United are expected to announce next week that Dutch coach Louis van Gaal is to be their new manager, but no mention was made of the appointment in the report.
Ed Woodward, United's executive vice-chairman, said in a statement: "We once again generated record revenues... as all of our businesses delivered impressive year over year growth.
"This puts us in a healthy financial position to continue to invest in the squad. Everyone at the club is working hard to ensure the team is back challenging for the title and trophies next season."
The players' wage bill was also up however by 18.9 per cent, reflecting the arrivals of Juan Mata and Marouane Fellaini plus new deals for Nani and Adnan Januzaj.
Wayne Rooney also signed a new deal during the current financial year but it is understood that is for the same level as his previous contract - around £230,000 a week - but he earns more from a separate image rights contract which is not reflected in United's staff costs.
The financial picture for United's current season looks rosy - sponsorship income rose 43.5 per cent while United's overall debt is down 4.3 per cent at £351.7million, while the cost of servicing that debt also fell - there was a £2.8million reduction in interest payable following refinancing in June last year.
Broadcasting revenue for the third quarter was £35.6million, an increase of £13.9million or 64.1%, due to increased revenue from the Premier League.
It will be this time next year however that the impact of not playing in the Champions League will be felt, though there will also be extra income from United's huge Chevrolet sponsorship deal which comes on stream next season.
Comment
-
Yeah that's old that picture as he still has hair then. You'd never think he was a professional footballer looking like that as he Looks like a scruff on holiday in Rhyl. Tell you what though when he finishes playing he is going to make Jan Molby look like slimmer of the year.
Anyone seen that new Nike advert? Look at Ronaldo's bird and compare her to what Rooney settled with.Last edited by Leyton388; 15-05-14, 05:59 PM.
Comment
-
I'm sure your partner would be delighted to know that she's only with you because of your relatively low earnings and status in life.Originally posted by Leyton388 View PostDifference is I'm not a millionaire footballer and if I was I would be setting my sights higher than some bird from Croxteth.
Kinda seems a bit shallow to me but each to their own.Oh I don't know.
Comment
-
Yes because you know what my earnings are and what my status is? I can assure you its a hell of a lot more than relativity low.Originally posted by dom9 View PostI'm sure your partner would be delighted to know that she's only with you because of your relatively low earnings and status in life.
Kinda seems a bit shallow to me but each to their own.
Comment




Comment