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Thread: Red Devils 2017-2018

  1. #101
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    Default Re: Red Devils 2017-2018

    Manchester United post record-breaking financial figures
    topping half a billion in revenue for second consecutive year


    United last year became the first British club to break the half-billion mark and have improved on that position, with revenue rising from £515.3m to £581.2m

    http://www.independent.co.uk/sport/football/premier-league/manchester-united-latest-news-financial-figures-released-profit-revenue-transfer-net-spend-a7959196.html



    Manchester United have posted record-breaking revenues for the second consecutive year Getty
    Manchester United have earned more than half a billion pounds for the second successive year, with a record-breaking revenue of £581.2million.

    While Jose Mourinho's men stuttered home sixth in the Premier League and went without Champions League football, the money-making machine was still in full flow last season.

    United last year became the first British club to break the half-billion mark and have improved on that position, with revenue rising from £515.3m to £581.2m for the year ending 30 June 2017.


    The club - who in January returned the top of the Deloitte Football Money League for the first time since 2005 - achieved a record operating profit of £80.8m and record earnings of £199.8m before interest, tax, depreciation and amortisation.

    United executive vice-chairman Ed Woodward said: "We concluded a successful 2016/17 season with a total of three trophies and a return to Champions League football.
    "The year saw us set record revenues of over £581m and achieve a record EBITDA of £199.8m.
    "We are pleased with the investment in our squad and look forward to an exciting season."

    United are expecting to post a revenue of between £575m and £585m for the year ending June 30, 2018.


    Woodward is delighted with the progress the club have made on and off the pitch (Getty)

    The accounts show wages increased by £31.3m to £263.5m in the previous financial year as Mourinho's appointment was followed by the arrival of Zlatan Ibrahimovic, Paul Pogba, Eric Bailly and Henrikh Mkhitaryan - but in terms of percentage of revenue it broadly remains the same.

    Retail revenue increased by £6.7m thanks in part to the fact the full year of their agreement with Adidas came into account along with growth in the Megastore.

    United's net debt decreased by £47.8m to £213.1m over the year.


    Last edited by yinyang; Today at 11:27 AM.

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