sport-vn.com

Man Utd announce record revenue but write-off Schweinsteiger

Sport360 staff 19:25 12/09/2016
  • Facebook
  • Twitter
  • Mail
  • Pinterest
  • LinkedIn
  • Facebook
  • Twitter
  • WhatsApp
  • Pinterest
  • LinkedIn
    • MANCHESTER, ENGLAND - SEPTEMBER 10: Zlatan Ibrahimovic of Manchester United celebrates scoring his sides first goal during the Premier League match between Manchester United and Manchester City at Old Trafford on September 10, 2016 in Manchester, England. (Photo by Alex Livesey/Getty Images)

    Here, Sport360 breaks down the key figures coming out of Old Trafford.

    Share with us your thoughts by commenting below, using #360fans on Twitter or getting in touch via Facebook.

    – United posted a record total revenue of £515.3million, becoming the first British club to earn more than half a billion pounds in a single year.

    – The club’s total revenue is predicted to rise to between £530m and £540m next year, despite missing out on Champions League qualification.
    – Operating profit for 2015-16 was £68.6m, compared to £31.6m the previous year.
    – United’s commercial revenue rose 36.3 per cent to £268.3m in a year that the agreement with Adidas came into play, helping retail revenues rise 207.9 per cent.

    – Broadcasting revenue for the year increased by 30.4 per cent to £140.4m, primarily due to their participation in UEFA competitions.
    – United’s net debt increased 2.2 per cent to £260.9m, with that £5.7m change pinned on the impact of exchange rate movements on their United States dollar denominated debt.
    – Total operating expenses increased by 12.8 per cent to £436.6m and employee benefit expenses were £232.2m, an increase of 14.6 per cent primarily thanks to contract extensions and a rise in salaries due to Champions League participation.
    – The exit of manager Louis van Gaal and his coaching staff cost the club £8.4m in compensation.
    – United wrote off £6.7m as midfielder Bastian Schweinsteiger is “no longer considered to be a member of the first team playing squad”.

    Recommended