Manchester United finances: What the numbers mean
Revenues are up but profits are down at Old Trafford
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Manchester United today revealed their annual financial results. Here, we take a look at the key figures.
:: record annual revenue of £433.2million for last season; this is the club's total income and does not include outgoings such as wages, taxes and transfer fees.
:: current season's estimated revenue to be £385m to £395m, a drop of £38m to £48m as a result of missing out on Champions League.
:: profit of £23.8m; this is down from previous year's £146.4m but that huge sum was entirely due to a one-off tax credit from American assets of £155m.
:: underlying profits, known as EBITDA and used as a guide to the health of a company, were £130.1m for 2013/14, compared with £108.6m the previous year, but these are expected to fall to £90m to £95m next year.
:: £5.2m is the cost of the compensation paid to sacked manager David Moyes and some members of his coaching team.
:: United's wage bill rose 19 per cent to £214.8m, an increase of £34.3m.
:: United's sponsorship income increased by 49 per cent last year with a number of new deals coming on stream. Commercial income now makes up 44 per cent of the overall revenue.
:: Spending on new players was £78.9m net, including the signings of Juan Mata and Maroune Fellaini but not those who have joined since June such as Luke Shaw, Angel di Maria and Radamel Falcao.
:: The gross debt - which dates back to when the Glazer family bought the club - is down to £341.8m from £389m, and the cost of servicing that debt down to £27.4m. In 2010, five years after the takeover, the debt had risen to £710m from an initial £660m. Since 2010, large chunks of the debt have been paid off.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments