Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Man Utd reprt uplift in finances

Tue 2nd Mar 2010 | Money & Finance

Manchester United's owners have strengthened their financial position despite the protests against them after releasing figures showing increases in revenue and profits.

With a group of financiers called the Red Knights confirming their interest in a possible takeover, the Glazer family can point to a rising turnover and profits at the club.

The figures for the six months up to December show turnover up 19% to £144.7million from £121.7million for the equivalent period in 2008.

The club's debt dropped from £538.1million to £507.5million and there were increases recorded in matchday revenues, TV money - particularly from the Champions League - and commercial revenue.

Media revenues have increased 33% from £40.3million to £53.4million and commercial revenues up 16% from £33.5million to £38.7million.

The total debt of the Red Football Ltd, the Glazers' holding company for Manchester United, was registered at £716.5million at the start of the year.

It has led to a renewed protest of the Glazer family's ownership of the club.

In the latest development, Goldman Sachs economist Jim O'Neill - acting in a personal capacity - lawyer Mark Rawlinson and merchant banker Keith Harris have launched the Red Knight group and discussed a potential takeover.

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Shrewsbury Town’s Safe Standing Crowdfunding Campaign Success

Tue 17th Oct 2017 | Money & Finance

In an historic achievement, Shrewsbury Town Football Club are one step closer to being the first club in England and Wales to introduce safe standing at their Montgomery Waters Meadow stadium,...

Average Premier League Ticket Costs £32

Fri 13th Oct 2017 | Money & Finance

The average price of watching a Premier League match costs £32 according to research released today. The Premier League, working with professional services company EY, has conducted in-depth...

FC Barcelona to become world’s top earning sports club

Thu 12th Oct 2017 | Money & Finance

FC Barcelona announced on Wednesday the financial reports that it will present at the Club’s Ordinary General Assembly on 21 October, when it will share the annual report with member delegates...

Premier League clubs must sell over 2 million tickets to earn back total transfer spend this season

Thu 5th Oct 2017 | Money & Finance

Each year, the summer transfer window is the most highly awaited time of year for football fans, and clubs alike. It's an opportunity to sign top-quality players to heighten the club's chances of...