Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

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

Manchester United post increased revenues for second half of last year

Tue 21st Feb 2012 | Money & Finance

Manchester United's revenue increased to £175 million in the last six months of 2011, the Premier League club announced today.

United, who are second in the table behind neighbours and bitter rivals Manchester City, released their financial report for the fourth quarter of 2011 today.

The figures showed that the club's total revenue at the end of 2011 stood at £175m, an increase of £18.5m on the figure of £156.5m, which United declared at the end of 2010.

The club have experienced increases in match day revenue – up from £52.4m to £54.5 million, media revenue – up from £53.7m to £60.9m, and commercial revenue, which has risen to £58.6m from £50.4m.

The club, who are taken over by the Glazer family in 2005, have a debt of £439m as of the end of last year, down from £508m the previous year.

The reason behind the decrease in the club's debt is because United have bought back some of the bonds that were sold as part of a £500m refinancing exercise at the start of 2010.

United also reported today that total operating costs rose sharply from £96.9m to £110.8m.

Net player capital expenditure jumped from £11.7m to £47.9m due to the summer signings of David de Gea, Ashley Young and Phil Jones and general capital expenditure rose by £10.4m, thanks partly due to the cost of refurbishment of the club's hospitality boxes at Old Trafford.

The figures show United currently have a bank balance of £50.9m.

The club are expected to experience a decline in income over the next six months after dropping down to the Europa League from the Champions League.

In response a Manchester United Supporters' Trust (MUST) spokesperson said:

"Manchester United revenues continue to grow strongly although costs are increasing just as quickly so pretty much negating that growth. However the key figures of interest to supporters show the Glazers have now spent every penny of the money received from the sale of Ronaldo, and more. That's now £92.8m spent on buying back their own bond debt that they loaded onto our club. So statements at the time that all of the Ronaldo money would be made available for reinvestment were clearly just spin."

"Since the sale of Ronaldo (30th June 2009) net transfers (not includingRonaldo) have totalled just £90m while they have taken out of the club £225m to cover their debt payments and interest. What could the club have done with that extra £225m? Cheaper tickets for loyal fans, investing massively in the squad and stadium, developing and retaining the best youth players, competing on an equal basis with the very best teams in Europe. This is the true cost to Manchester United of the Glazers ownership."

Results available here: http://mufplc.com/

http://www.buttonshut.com http://www.buttonshut.com http://www.buttonshut.com

 ---------------------------------------------------------------------------------------------------

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE FCBUSINESS RSS FEED

If you have any football business related news stories you’d like to share then please contact us –agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

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

Related Articles

West Ham Champions Of Season Ticket Affordability

Wed 19th Jul 2017 | Money & Finance

With the new Premier League season approaching it promises to be another exhilarating season, full of twists as well as surprises for fans. Chelsea convincingly captured their fifth Premier League...

Everton Sign Landmark Stadium Financing Partnership

Thu 6th Jul 2017 | Money & Finance

Everton Football Club has signed an agreement with ICBC (London) plc and Industrial and Commercial Bank of China Limited, which will provide the Premier League club with a £60m 3-year credit...

How Football Clubs Source Their Revenue

Thu 22nd Jun 2017 | Money & Finance

It will come as a surprise to no one that football is big business these days. Although players’ wages – especially at the top teams – have increased remarkably, the clubs can pay...

Why Does Your Club Offer Discounts? 5 Responses

Tue 6th Jun 2017 | Money & Finance

Following my article last week on the 3 observations about discounts offered on football clubs’ merchandise stores ; I wanted to share some more insight in to the merchandise space. I’ve...