{"id":293115,"date":"2023-10-26T14:24:27","date_gmt":"2023-10-26T14:24:27","guid":{"rendered":"https:\/\/sportstoft.com\/?p=293115"},"modified":"2023-10-26T14:24:27","modified_gmt":"2023-10-26T14:24:27","slug":"manchester-united-project-record-revenues-ahead-of-jim-ratcliffe-investment","status":"publish","type":"post","link":"https:\/\/sportstoft.com\/soccer\/manchester-united-project-record-revenues-ahead-of-jim-ratcliffe-investment\/","title":{"rendered":"Manchester United project record revenues ahead of Jim Ratcliffe investment"},"content":{"rendered":"


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Manchester United have announced record revenues of \u00a3648.4m for the last financial year and expect to bring in even more revenue this season. <\/p>\n

But they made a net loss of \u00a328.7m, despite cutting their wage bill by \u00a352.8m \u2013 partly because they were not in the Champions League but also for a season when the best-paid player, Cristiano Ronaldo, left part way through the campaign \u2013 after expensive transfers. <\/p>\n

Their accounts cover a 12-month period ending on 30 June, in which they signed Mason Mount this summer but also made the expensive purchases of Casemiro, for \u00a363m, and Antony, for \u00a386m, in 2022. <\/p>\n

United paid out \u00a3331.4m in salaries to their players last season, a sum that is likely to rise for the current financial year because salaries are raised when they are competing in the Champions League. <\/p>\n

With the added income of playing in Europe\u2019s premier continental competition, United anticipate a revenue of between \u00a3650m and \u00a3680m this year.<\/p>\n

United also said that, for the first time since 2016, no dividends were paid to the owners, the Glazer family. The club\u2019s debt remains at \u00a3538m while they also owe an additional \u00a3106m with a revolving credit facility. United paid \u00a321.4m in net finance costs over the 12 months \u2013 down \u00a340.8m, partly due to a change in exchange rates. <\/p>\n

United\u2019s broadcasting revenue dropped \u00a35.8m last season as they counted the cost of playing in the Europa League, a consequence of a sixth-place finish in the Premier League in 2021\/22. <\/p>\n

But their commercial revenue reached a new high of \u00a3302.9m, up \u00a345.1m, which was driven by a \u00a341.6m rise in sponsorship income. United have since signed a 10-year \u00a3900m kit deal with Adidas, which is likely to lead to a further increase in commercial revenue. <\/p>\n

United\u2019s matchday revenue also went up by \u00a325.9m to \u00a3136.4m, aided by a host of home games during their runs to the FA and Carabao Cup finals.<\/p>\n

For much of the last year, United have been for sale, with Sir Jim Ratcliffe and Ineos expected to take a 25 per cent stake in the club. <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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