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Financial Hit

Financial Hit

If anyone doubted the implications of an early exit from the Champions League, in a financial sense, then read on.

Figures released show that following on from our early Champions League exit and also our early exit form the FA Cup, United`s revenue streams were affected in the following way.

A total of £24 million was lost compared to the previous season, a loss that saw match day revenue plummet from £109.7 million to £98.7 million whilst Broadcast revenue fell from £117.3 million to £104 million.

However, there was one bright spot with Commercial revenue showing an increase, rising
£14 million to £117.6 million, thereby, if the figures we`ve been provided with are correct, giving United a £23 million profit after tax, or just about enough for one world class player!



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Writer:Red Boy
Date:Wednesday September 19 2012
Time: 4:41PM

Comments

0
23 mil profit is good all things considered. Bet those up top rue not doing well in the Champions League though, would've meant we could've earned a helluva a lot more. Goes to show we can still compete in the market, reduce the debt, compete on the pitch and service the debt all whilst remaining profitable. Things are looking good!
TheFamousNo7
19/09/2012 17:06:00
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