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Manchester United project record revenues ahead of Jim Ratcliffe investment
Manchester United project record revenues ahead of Jim Ratcliffe investment
Manchester United have announced record revenues of £648.4m for the last financial year and expect to bring in even more revenue this season. But they made a net loss of £28.7m, despite cutting their wage bill by £52.8m – partly because they were not in the Champions League but also for a season when the best-paid player, Cristiano Ronaldo, left part way through the campaign – after expensive transfers. Their accounts cover a 12-month period ending on 30 June, in which they signed Mason Mount this summer but also made the expensive purchases of Casemiro, for £63m, and Antony, for £86m, in 2022. United paid out £331.4m in salaries to their players last season, a sum that is likely to rise for the current financial year because salaries are raised when they are competing in the Champions League. With the added income of playing in Europe’s premier continental competition, United anticipate a revenue of between £650m and £680m this year. United also said that, for the first time since 2016, no dividends were paid to the owners, the Glazer family. The club’s debt remains at £538m while they also owe an additional £106m with a revolving credit facility. United paid £21.4m in net finance costs over the 12 months – down £40.8m, partly due to a change in exchange rates. United’s broadcasting revenue dropped £5.8m last season as they counted the cost of playing in the Europa League, a consequence of a sixth-place finish in the Premier League in 2021/22. But their commercial revenue reached a new high of £302.9m, up £45.1m, which was driven by a £41.6m rise in sponsorship income. United have since signed a 10-year £900m kit deal with Adidas, which is likely to lead to a further increase in commercial revenue. United’s matchday revenue also went up by £25.9m to £136.4m, aided by a host of home games during their runs to the FA and Carabao Cup finals. For much of the last year, United have been for sale, with Sir Jim Ratcliffe and Ineos expected to take a 25 per cent stake in the club. Read More Lauren James to miss England’s games against Belgium with concussion Manuel Akanji: Manchester City are ready to win the derby at Old Trafford Esme Morgan pleads for patience and politeness from England’s autograph hunters
1970-01-01 08:00
How Are Porta Potties Cleaned?
How Are Porta Potties Cleaned?
To keep porta potties (relatively) clean, sanitation workers require special equipment and a strong stomach.
1970-01-01 08:00
Ford shares rise a day after tentative deal with UAW
Ford shares rise a day after tentative deal with UAW
Ford shares rose 3% before the bell on Thursday as the company's unionized workers were set to return
1970-01-01 08:00
Model thanks Andrew Tate after she slept with 300 people in one year
Model thanks Andrew Tate after she slept with 300 people in one year
A woman has given Andrew Tate a special shoutout in a new video, after the controversial influencer raised her profile and led to a surge in new OnlyFans subscribers. It comes after a story was posted about the Australian model Annie Knight was posted on social media in which she claimed she slept with 300 people in a year. Tate responded to the story on Twitter/X with the comment “haram”, meaning forbidden in Islamic law. You might think Tate should have kept his nose of the whole business, but his attention has resulted in a windfall for Knight. Thanking him for inadvertently lining her pockets, Knight posted a video saying: “Andrew Tate reposted me on his Twitter and I've made $56,000 this week because of him.” The 26-year-old previously stated that she was making around $30,000 per month at the start of the year, but thanks to Tate that number is now expected to be higher. The story Tate was responding to saw Knight open up about her sex life, saying that she uses dating apps to meet new people. @annieknight78 Thanks Mr Tate ❤️ She spoke about sleeping with both men and women in an interview with Unilad, saying: "I think they both offer different things. "I think women know a way around a woman’s body a lot better for obvious reasons, but there’s something about sleeping with a man that’s intense and passionate.” She added: ”So basically, they both have their pros and cons, I don’t think I could pick one over the other." It’s the most recent headline made by Tate, after he and his brother Tristan called out Jordan Peterson for encouraging war as the conflict between Israel and Palestine continues. In a recent stream, the controversial brothers, who consider themselves anti-war, smoked and played chess as they branded Peterson a 'hypocrite'. "I find it extremely asinine and quite childish, hypocritical, and also disingenuous that people like Peterson would call for the genocide and call for war, when truthfully he would hate to be anywhere near a war", the former kickboxer blasted. Sign up for our free Indy100 weekly newsletter How to join the indy100's free WhatsApp channel Have your say in our news democracy. Click the upvote icon at the top of the page to help raise this article through the indy100 rankings
1970-01-01 08:00
The Chicago Bulls Had a Players-Only Meeting After Opening Night Blowout
The Chicago Bulls Had a Players-Only Meeting After Opening Night Blowout
Blowout loss to Oklahoma City Thunder leads to historic players-only meeting in Bulls locker room.
1970-01-01 08:00
Factbox-Maine town of Lewiston the scene of latest in a series of US mass shootings
Factbox-Maine town of Lewiston the scene of latest in a series of US mass shootings
A gunman on Wednesday left multiple casualties after opening fire at a bar and a bowling alley in
1970-01-01 08:00
NHL Awards Rankings: New No. 1 in MVP race
NHL Awards Rankings: New No. 1 in MVP race
The NHL Awards Rankings can change weekly as players who are coming off an outstanding week can punch a ticket into the MVP race. Here's who is currently on top.
1970-01-01 08:00
Lazard quarterly profit misses estimates on dealmaking drought
Lazard quarterly profit misses estimates on dealmaking drought
Lazard on Thursday missed Wall Street estimates for third-quarter profit, as the independent investment bank's advisory business reeled
1970-01-01 08:00
NHL standings ordered by Simple Rating System
NHL standings ordered by Simple Rating System
Points accumulated from wins and overtime losses ultimately determine the NHL standings, but what do they look like ordered by the Simple Rating System (SRS)?
1970-01-01 08:00
Ford workers to return to work as UAW turns to GM, Stellantis
Ford workers to return to work as UAW turns to GM, Stellantis
By David Shepardson and Joseph White Ford autoworkers were set to head back to work after the United
1970-01-01 08:00
Weight-loss drug worries add to US restaurants' weak traffic woes
Weight-loss drug worries add to US restaurants' weak traffic woes
By Deborah Mary Sophia Investors will look for signs that U.S. fast-food chains, already contending with inflation-stung consumers
1970-01-01 08:00
ECB holds rates, signals steady hand as economy stumbles
ECB holds rates, signals steady hand as economy stumbles
By Lefteris Papadimas ATHENS (Reuters) -The European Central Bank left interest rates unchanged as expected on Thursday, snapping an unprecedented
1970-01-01 08:00
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