4 important facts to know from Man United’s latest financial results

by Mark Bassey

After Manchester United announced their 2015 financial year’s second quarter results, executive vice-chairman Ed Woodward was to go on the defensive.

“Notwithstanding no European football this season, our Revenues and EBITDA remain strong and demonstrate the underlying strength of our business model, with commercial revenues up year over year,” he said.

“On the pitch, the team is well positioned to challenge for a top four finish in the Premier League and we look forward to the rest of the season.”

Well, here are four things he did not tell us:

 

1. United have official noodle, paint and tyres partners and as such, commercial revenues are up 9.7% to £46.4million from the previous quarter.

2. When you’re a big club not playing in the UEFA Champions League, it affects everything. Your prestige, your fixtures and of course, your finances. United finished 7th in the league last season – a position which meant they were completely out of Europe. The club’s television revenue has reduced from £46.9million to £28.4million.

3. Louis van Gaal has done well, to keep the wage bill under control, despite the massive spending last summer. It has decreased to £48.7million.

4. Manchester United’s debt seems to be constantly rising under the Glazers’ ownership. Last year, it was £356.6million in the same period. The new figures show that it stands at £380.5million. There’s more bad news. Overall revenue dropped 14% from £105.7million from £122.9million.

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