Started By
Message

Man U reports record revenues-Interesting

Posted on 9/10/14 at 7:51 am
Posted by Tigertown in ATL
Georgia foothills
Member since Sep 2009
29242 posts
Posted on 9/10/14 at 7:51 am
Preemptive move to justify their record spending?

I love European soccer, but it is so stinkin' corrupt, I don't buy anything these clubs say.
Posted by The Mick
Member since Oct 2010
43359 posts
Posted on 9/10/14 at 8:00 am to
Whats the problem?
Posted by Friend of OBUDan
Member since Dec 2008
9963 posts
Posted on 9/10/14 at 8:03 am to
they've been killing it for awhile now. even though they'll lose CL next go round, they'll still make a lot more than everybody else.

as everyone always points out, ManU, real, and barça haul in cash hand over fist and won't ever have a problem with FFP.
Posted by PeepleHeppinBidness
Manchester United Fan
Member since Oct 2013
3553 posts
Posted on 9/10/14 at 8:19 am to
Do you have any evidence or facts to support your belief that United has falsified it's earnings?

Or, did you just start a thread because...

Posted by TheZaba
FL
Member since Oct 2008
6184 posts
Posted on 9/10/14 at 9:09 am to
United has always made a shite ton of money especially with a lot of their new commercial deals. I don't think those reports include the small hit they'll take from missing out on Europe but it probably still won't be significant unless they miss out again, then I think their sponsorship deals go down a bit. I still wouldn't worry about their financials too much for now. They're a huge club with one of the largest followings in the world.
Posted by KneffLSU
Louisiana
Member since May 2012
920 posts
Posted on 9/10/14 at 2:22 pm to
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
Posted by Dandy Lion
Member since Feb 2010
50267 posts
Posted on 9/11/14 at 9:24 am to
Record revenue for what period?
What is the figure?
first pageprev pagePage 1 of 1Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram