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 Feels Champions League Pinch

Thu 17th Nov 2016 | Money & Finance

Non-participation in the UEFA Champions League has seen Manchester United’s total revenues drop 2.8% to £120.2m for the 2017 fiscal first quarter ending 30 September 2016.

However, the impact of non-participation was partially offset by the significant increase in the money received from the new Premier League broadcasting rights agreement which came in to play this season. 

Despite this, United showed strong commercial growth with revenues of £74.3m, an increase of £3.1 million, or 4.4%, over the prior year quarter.

Sponsorship revenue for the quarter saw a decrease of £1.9m, to £44.4m, due to playing fewer Tour matches.

Retail, Merchandising, Apparel & Product Licensing revenue for the quarter was £27.4m, an increase of £5.1m, over the prior year quarter, due to the commencement of the adidas agreement and bringing in-house of several businesses, both only commencing part way through the prior year quarter (on 1 August 2015).

Executive Vice Chairman, Ed Woodward, commented: “While our financial results for this quarter reflect the impact of our non-participation in the UEFA Champions League, we are pleased that we remain on track to deliver record revenues for the coming year.

“During the quarter we added a number of top quality players to our squad, which once again demonstrates our determination to challenge for trophies.”

Matchday revenue for the quarter was £16.8m, a decrease of £8.0m, or 32.3% over the prior year quarter, primarily due to playing three fewer home games across all competitions.

The club’s Net Debt as of 30 September 2016 was £337.7m, an increase of £51.5m over the year primarily due to the impact of foreign exchange rate movements on USD denominated debt and the decrease in overall cash and cash equivalents (including the effects of exchange rate changes) which decreased by £64.9m in the quarter.

Posted by: Aaron Gourley 

Tripleplay 468 banner V2 (468x60_Animated_v2.gif)
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

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.

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...