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re: Man U reports record revenues-Interesting
Posted on 9/10/14 at 2:22 pm to Tigertown in ATL
Posted on 9/10/14 at 2:22 pm to Tigertown in ATL
quote:
The football club predicts that profits and revenues will fall in 2015 after failing to qualify for the Champions League for the first time in 20 years.
The prediction comes as it reports a plunge in profits, despite record revenues for 2014.
Net income fell 84% for the year to 30 June to £23.8m, down from £146m a year ago.
Manchester United said that was due in part to last year's profit being boosted by a one-off tax credit, without which it would have made a loss.
The club, majority-owned by the American Glazer family, said revenue increased 19% to £433.2m in the 2013-14 financial year, thanks to improved TV and sponsorship deals.
However, that is now predicted to fall to between £385m and £395m.
Similarly, underlying profits were £130.1m for the year to 30 June and that is now forecast to fall to between £90m and £95m.
The results also showed that David Moyes and his backroom staff received a total of £5.2m in compensation following the former Manchester United manager's sacking in April after less than a year in the job.
Record revenues with an 84% fall in profit. Can anyone explain all this to me? LINK
This post was edited on 9/10/14 at 2:26 pm
1
Posted on 9/11/14 at 9:24 am to Tigertown in ATL
Record revenue for what period?
What is the figure?
What is the figure?
Posted on 9/11/14 at 9:36 am to KneffLSU
quote:
Record revenues with an 84% fall in profit. Can anyone explain all this to me?
The overall revenues were higher (£433M), but there were more expenses for the year, so net profit to the owners after taxes was less (down from £146m to £23.8m).
Apparently, the discrepancy in the net profit figures is due to the tax credit the club received last year...
quote:
Manchester United said that was due in part to last year's profit being boosted by a one-off tax credit, without which it would have made a loss
This post was edited on 9/11/14 at 9:51 am
Posted on 9/11/14 at 9:39 am to Dandy Lion
quote:
Record revenue for what period? What is the figure?
Overall revenues of approx. £433m for the 2013-2014 fiscal year.
This post was edited on 9/11/14 at 9:47 am
Posted on 9/11/14 at 4:02 pm to PeepleHeppinBidness
Very strong revenue figure. About €530M, if I´m not mistaken.
Where are they worldwide? Number three? Four?
Where are they worldwide? Number three? Four?
Posted on 9/11/14 at 4:08 pm to Dandy Lion
Good for Manu. Now they can buy their fans the new iPhone. It's perfect!
Posted on 9/11/14 at 4:15 pm to Srbtiger06
That's pretty funny, but I'm disturbed by the lack of effort to make it look remotely authentic. Kids these days.
Posted on 9/11/14 at 4:31 pm to Srbtiger06
That screen's also big enough to show a line itemization of our 13 PL titles by year Posted on 9/11/14 at 4:32 pm to Dandy Lion
quote:
Where are they worldwide? Number three? Four?
I read that it ranks second between, you guessed it, RM and Barcelona.
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