Arab Today, arab today man united announce record £4332m revenue
Last Updated : GMT 16:43:08
Arab Today, arab today
Arab Today, arab today

Man United announce record £433.2m revenue

Arab Today, arab today

Arab Today, arab today Man United announce record £433.2m revenue

A sales attendant arranges official Manchester United merchandise at a store
London - AFP

Despite their on-pitch travails last season, Manchester United on Wednesday announced a 19% rise in annual revenue to a record £433.2 million ($698.8 million, 539.6 million euros).
United floundered in their first season after the retirement of long-serving manager Alex Ferguson, finishing seventh in the Premier League and sacking his successor, David Moyes, but they continued to thrive commercially.
Helped by a blockbuster £750 million 10-year deal with Adidas, the club reported a 49 percent increase in sponsorship revenue. 
Overall profit fell sharply, from £146.4 million to £23.9 million, but mainly because United had received a one-off tax credit from American assets worth £155 million in the previous year.
"We are very proud of the results achieved in fiscal year 2014 as we once again generated record revenues," said executive vice-chairman Ed Woodward in a statement.
"With Louis van Gaal at the helm as manager, and the recent signing of some of the world's leading players to further strengthen our squad, we are very excited about the future and believe it's the start of a new chapter in the club's history.
"Louis's footballing philosophy fits very well with Manchester United and he has an impressive track record of success throughout his career, winning league titles with every club he has managed."
Partly due to their non-participation in the Champions League, United expect their income to fall to between £385 million and £395 million over the course of the current season.
They invested around £150 million on new players during the close-season transfer window, including a British-record £59.7 million swoop for Argentina international winger Angel di Maria.
The figures released on Wednesday also revealed that United paid out £5.2 million in compensation to former Everton manager Moyes, who was dismissed in April, and some members of his coaching staff.
United are without a win after three Premier League games this season and were knocked out of the League Cup following a 4-0 loss to third-tier Milton Keynes Dons.
- Third-place target -
But they could hand debuts to new signings Radamel Falcao, Luke Shaw, Marcos Rojo and Daley Blind in Sunday's home game with Queens Park Rangers.
In a conference call with investors, Woodward said that United's target for the season was a top-three finish in the Premier League.
"Our budgets assume a third-place finish, as is ordinarily the case," he said.
"The 2013-14 season was a very challenging and disappointing one. But under Louis there is a real feeling at the training ground that we are at the start of something special."
Woodward also played down the chances of United spending heavily in the January transfer window.
"We don't intend to significantly increase cap-ex (capital expenditure) in January," he said.
"We will continue to monitor in association with Louis his view of the squad and which areas we want to strengthen and which areas we want to sell.
"The usual three in, three out is par for the course in the numbers in and out each year, typically in the summer."
United's wage bill has risen 19 percent to £214.8 million, which the club's annual report said was "primarily due to the impact of player acquisitions and renegotiated player contracts".

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today man united announce record £4332m revenue Arab Today, arab today man united announce record £4332m revenue

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today man united announce record £4332m revenue Arab Today, arab today man united announce record £4332m revenue

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today EasyJet, Lufthansa among seven to bid

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israeli court convicts Palestinians of 2016

GMT 04:39 2017 Tuesday ,17 October

Israeli court convicts Palestinians of 2016
Arab Today, arab today Iran's Facebook shuts down

GMT 23:50 2017 Monday ,16 October

Iran's Facebook shuts down
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today British actress becomes fifth woman

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman
Arab Today, arab today Three killed, 360,000 without power

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Anoshka happy for reactions to her talk show

GMT 12:33 2017 Friday ,13 October

Anoshka happy for reactions to her talk show
Arab Today, arab today India to close colonial-era military farms

GMT 18:49 2017 Monday ,16 October

India to close colonial-era military farms

GMT 10:55 2017 Thursday ,12 October

Safaa Sultan happy for “Love School”

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:02 2017 Saturday ,14 October

Conservation cutbacks put Brazil's

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 12:25 2017 Saturday ,14 October

Squeeze on UK health gives advanced

GMT 07:02 2017 Sunday ,15 October

German minister sparks uproar

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 03:59 2017 Sunday ,15 October

US mobile carriers Sprint, T-Mobile to merge

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday