VSI
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

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

Manchester United Post Record Revenues

Wed 10th Sep 2014 | Money & Finance

Manchester United have posted record annual revenue of £433 million but has warned that this is likely to fall in 2015.

Failure to secure Champions League qualification after a disastrous 2013/14 Premier League campaign in which they finished seventh under David Moyes' stewardship is likely to have a huge impact on the club's revenues next year. 

The financial results for the year ending June 30th 2014, published today show that commercial revenues topped £189.3 million, an increase of £36.8 million, or 24.1%, over the prior year. But forecasts noted within the results show they expect total revenues to fall to around £385 to £395 million in 2015. 

The club's retail and merchandising fell £1.1 million to £37.5 million, whilst their mobile and content division saw a decrease of 30.4% on the previous year to £16.0 million.

Matchday revenue for the year was £108.1 million, a decrease of £1.0 million, or 0.9%, over the prior year, primarily as a result of hosting a number of matches during the London Olympic Games in the prior year.For the fourth quarter, matchday revenue was £18.0 million, a decrease of £2.6 million, or 12.6%.

Exceptional items for the year were noted as totalling £5.2 million. This related to compensation payments on loss of office to David Moyes and members of his coaching staff.

Commenting on the results, Ed Woodward, Executive Vice Chairman, said: “We are very proud of the results achieved in fiscal year 2014 as we once again generated record revenues and EBITDA driven by our commercial and broadcasting businesses which delivered impressive year over year growth. 

"We also recently announced a record breaking deal with adidas and very much look forward to launching this partnership next summer. 

"With Louis van Gaal at the helm as Manager, and the recent signing of some of the world’s leading players to further strengthen our squad, we are very excited about the future and believe it's the start of a new chapter in the Club’s history. 

"Louis’ footballing philosophy fits very well with Manchester United and he has an impressive track record of success throughout his career, winning league titles with every club he has managed.”

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

Related Articles

In Focus: Relegation. Can It Reduce Your Business Rates?

Mon 27th Mar 2017 | Money & Finance

It is that time of year again….the happy financial prospect of promotion for a few or the nightmarish vision of relegation for other clubs. So how does league status affect a club’s...

Chancellor Misses Rate-Relief Open Goal In Budget

Thu 9th Mar 2017 | Money & Finance

Rate relief for football in the community: An open goal for Government in 2017 Football clubs, large and small, will not benefit from any substantive ‘give-aways’ following the Chancellors...

Leicester City make pre-tax profit of 16.4m after winning Premier League

Thu 2nd Mar 2017 | Money & Finance

Leicester City today announced its financial results for the year ending 31 May, 2016 – a period of continued growth and unprecedented success for the Football Club. An historic, captivating...

Liverpool FC announces financial results for year to May 2016

Wed 1st Mar 2017 | Money & Finance

Liverpool FC has filed its annual accounts for the year to May 31, 2016 reporting that revenues are continuing to grow, creating further financial stability for the club. Overall revenue increased to...