United Profits Up

Fabio da Silva should be asking for a pay rise soon, given that Manchester United have recorded some brilliant financial results, which should leave them with more money in the bank than ever!

United confirmed their status as one of the biggest teams in the world by increasing their commercial revenues even more. Their latest financial results reveal that the total revenue has grown by more than 22%, a significant increase in the overall revenue. The revenues have been mostly improved because of the sponsorship and licensing deals.  The agreement with DHL is thought to be one of the main reasons behind it – DHL have agreed to sponsor the training kit of the club, while AON sponsor the main shirt.  Manchester United making it to the final of the Champions League was also reflected on matchday revenues, which increased from £19 million to £ 22 million.

The currency fluctuations, however, resulted in the pre-tax loss of around £7 million. Other than that, it is a great result for Manchester United off the pitch. In stark contrast, Manchester City announced that they had made a total loss of £ 195 million this season alone. This record loss may be unsubstantiated for the owners, who have built an empire of wealth estimated in the region of £100 billion.

The debt of the club also reduced quite dramatically to £433 million, which considering the size of the club comes to within manageable limits. It was one of the major talking points in the previous seasons when Manchester United had a lot of debt beyond the manageable limits of the club. The club are in a position of being able to float in the Singapore stock market, which will help them enough money to eradicate the debt altogether. This would help the Glazers sell the debt free club for around £2 billion.

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