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Manchester United : Record Profits & Major Losses. |
Posted by: Hyltz'. - 08-10-2010, 03:59 PM - Forum: Man Utd News
- Replies (1)
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First - The Good News:~
Today Manchester United were revealed as the first English club to smash through the £100million full-year operating profit barrier.
Now - The Bad News:~
Today, Manchester United also announced an overall loss of £83.64million.
The Good News:~
The club have managed to maximise profits and popularity by use of the Manchester United Brand worldwide.
The Bad News:~
Interest paid on their loans accounted for a whacking £40million while the club had also to find a very substantial 'one-off ' payment for this years successful £504million Bond Issue.
The Good News:~
Turnover was increased to £81.4million. (Up £11.5million)
Media Revenues increased to £104.8million. (Up £5.1million)
United's overall turnover = £286.41million.
The Bad News:~
Revenue from players sold was well down for the year. (Given last years world record Cristiano Ronaldo sale to Real Madrid)
Income from matchdays fell to £100.2million. (Down 7.9%)
Wages increased to £131.7million. (Up 7%)
United's overall debt increased to £521.7million.
The Worrying News:~
No mention in the accounts of the Glazer's taking any monies out of the club to pay for their £200million-worth of PIK notes. (Interest of which stand currently at 16.25%)
Undoubtedly the losses will be seen as proof, by some supporters, as the reason United have now ceased to feature at the top of the transfer market.
Should we all really start thinking along those lines, or do we stick with SAF's ongoing statement that "value for money is becoming increasingly harder to find" ?
(Bearing in mind that both he and David Gill constantly insist that "the funds would be made available if they were required" ?
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Could Berba be the new KING ? |
Posted by: Rattylad - 20-09-2010, 07:34 PM - Forum: The Lounge
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Could berba be the new king ? He scores goals like Dennis law and is a genious at times like Cantona , If he carries on improving like this Id give him the title of KING!!!!
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Nobby Stiles |
Posted by: Rattylad - 19-09-2010, 10:11 AM - Forum: The Lounge
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Its a great shame Nobby Stiles has to sell his Football memorabilia to raise money to leave his children . It would be a great jesture for some rich football fan to pay over the odds and donate them to the United museum or even an England museum. He was a fantastic servant for Manchester United and England a much underestimated player for both teams maybe the Glazers should buy them and put them where they belong so Nobby has the money and he and his kids can still go and admire them . But i won't hold my breath because emotionally thats the right thing to do and i don't think the glazers do emotions.
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