Manchester United's revenue is up but the club still reported a loss. The Athletic examines the key numbers
The fact Manchester United posted record revenues and still made a loss sums up a lot about the club at the moment. United’s ability to generate income, remains something to be applauded, especially given their lack of on-field success over the past decade. But to still post a £28.7m loss, even if it is an improvement on the previous year’s £115.5m deficit, is indicative of the club’s inefficiency at almost every level. Advertisement Commercially, they are brilliant.
Advertisement That could still leave a substantial loss, however, and if it is larger than £15m over those three years then United could be in breach of the rules — hence why every deal this summer had to go through what one source, speaking on the condition of anonymity to protect their position, called a “financial sausage machine”. Wage bill — £331m A huge factor behind the massive loss in the accounts for 2021-22 was United’s spending on wages, which stood at £384.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Manchester United can set another record vs Man City in Manchester derbyMan Utd have been left behind on the football pitch by City in terms of trophies recently but they are still ahead in one area.
Read more »
Manchester United post loss despite record annual revenuesManchester United have posted record revenues but still made a loss for the 2022-23 season. The club brought in £648.4million ($784m) for the last campaign, a rise of 11 per cent on 2021-22, which beats the previous high of £627m set in 2018-19.
Read more »
Sir Bobby Charlton: Manchester City ban two minors over 'vile' chant about Manchester United legendManchester City have identified and banned two fans for 'vile' chants about the death of Sir Bobby Charlton.
Read more »
– analysing the trademark move behind Newcastle’s attackSean Longstaff's prolific off-the-ball runs are helping Newcastle run rampant down their right-hand side – this is how it works
Read more »
Analysing Anfield show notes: Luis Diaz as Liverpool left-back, Comolli returnsLFC premium app subscribers can read the latest Analysing Anfield show notes with the best tactical analysis of Liverpool's performances
Read more »