Losses rocket at Manchester United

[Dedworth]

http://static.guim.co.uk/sys-images/Sport/Pix/pictures/2010/2/11/1265927391508/Man-Utd-protests-001.jpg

Manchester United's parent company, Red Football Joint Venture Ltd, has announced a record pre-tax loss of £109m for the financial year ending June 2010. This represents an additional £29m from the £80m pre-tax deficit posted for the same period by Red Football Limited, the football club's immediate holding company, in October.

http://www.guardian.co.uk/football/2011/mar/22/manchester-united-record-loss-debt

[Englishman2010]

They should cut the players wages by 50%.:D

How does that compare to the losses other big clubs like Man City and Chelsea would make if they didn't have wealthy owners pumping millions in to cover players wages and other running costs?

[Dedworth]

They should cut the players wages by 50%.:D

How does that compare to the losses other big clubs like Man City and Chelsea would make if they didn't have wealthy owners pumping millions in to cover players wages and other running costs?

Chelsea lost £130 odd million in 2005 but Romans got a big fat wallet, the Glazeirs have a load of mortgaged empty shopping malls and trailer parks in Hicksville USA.

I like this line by Gill

"Mr Gill told the hearing that net debt of £370m and annual interest of £45m was not hampering United" :laugher:

[joebloggs]

dedworth, chelsea's wage bill has gone up 12.8 per cent to £172.6m, and now accounts for 84 per cent of turnover.:icon_lol: they suffered a pre-tax loss of £70.4m last season.

[Dedworth]

dedworth, chelsea's wage bill has gone up 12.8 per cent to £172.6m, and now accounts for 84 per cent of turnover.:icon_lol: they suffered a pre-tax loss of £70.4m last season.

All bankrolled by Roman. The Glaziers are at the mercy of the banks who could call it in at anytime over the derelict shopping malls. I wonder what impact Mr Potato Head's inflated pay packet will have on the MUFC wage bill ? :D

[KeithD]

ManU's wage bill is over £120M :yikes:

[Arthur Little]

:cwm24: ... all this on top of the "rocketing" :xxsmilie_auslachen: given to Fergie himself! :doh

[joebloggs]

looks like the tide has turned dedworth ..

Aon are currently the club's main kit sponsor but are to be replaced by Chevrolet from the start of the 2014-15 season. The new training ground and kit deal extends Aon's relationship to 2021 and will be worth around £120m over the life of the contract.

Since buying Manchester United in 2005, the Glazers have introduced a new global sponsorship strategy designed to cash in on the club's huge global appeal.

Last year, revenue from sponsorship and merchandising rose by 13.7% to a record £117.6m. According to the club, the rate of growth is set to increase in 2013. For the first six months of this year, commercial revenue is up 26.4% on the same period last year and the club have already signed 17 new deals.

Much of the growth can be explained by United's policy of splitting up their sponsorship rights on a territory-by-territory basis around the world in order to maximise income.

At the same time, the Glazers have opened offices in London and Hong Kong and plan to open one in the United States, to help the club increase their global marketing and sponsorship operation.

http://www.bbc.co.uk/sport/0/football/22060822

[joebloggs]

Manchester United profits rise

Manchester United has reported a 74% rise in profits for the second half of 2012, on the back of rising revenues.

The Premier League club said pre-tax profits for the last six months of the year were £22.3m.

Total revenues were up, with income from sponsors particularly strong, though broadcast revenues were down.

The club, owned by the Glazer family, listed on the New York Stock Exchange last year at a flotation price of $14 a share.

The shares are now trading at nearly $19 giving the company a valuation of over $3bn.

http://www.bbc.co.uk/news/business-21458845