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United's Obscene Turnover

United's Obscene Turnover

Manchester United will announce record turnover, according to media reports.

Arsenal proudly boasted that with their Ł201m turnover, they are now England's richest club (Chelsea are excluded of course since they are not a normally run business).

Now it seems that Arsenal's gloating has been a bit premature (how often that happens...) as United prepare to announce obscene amount of turnover. We are practically raking in the money it seems.

The newspapers report that our turnover increased to Ł245m, due to our record deal with AIG and Nike, and last season's successes on the pitch. With United almost flawless in the Champions League this season and very much there in the Premier League, we are well-positioned to have another lucrative season.

The wages-to-turnover ratio, according to the reports, is down to 43.6%, well below the Glazers' long-term aim of 50%. In terms of financing the massive debts, this is extremely good news and United are in a better financial position than what could have been anticipated at the takeover...

Writer:Zae
Date:Monday January 7 2008
Time: 11:40AM

Comments

0
So we beat you all then? Not bad all things considered.
Blue is the colour
07/01/2008 11:47:00
0
In terms of turnover, you did not. In terms of raw financial strength, of course you are the biggest. And you still have quite a poor team :-)
midlothian99
07/01/2008 16:38:00
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