Sports News | Man United Reports Premier League-record Revenues of $783.5 Million
Get latest articles and stories on Sports at LatestLY. Manchester United reported revenues of 648.4 million pounds ($783.5 million) for the last financial year Thursday, a Premier League record.
Manchester (England), Oct 26 (AP) Manchester United reported revenues of 648.4 million pounds ($783.5 million) for the last financial year Thursday, a Premier League record.
The latest financial figures from United come at a time when British billionaire Jim Ratcliffe is reportedly ready to buy a 25% share of the English club from its American owners, the Glazer family.
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Overall revenue is up by 11% compared to the previous year even though United competed in the Europa League and not the more lucrative Champions League. The club still reported a loss of 42.1 million pounds ($50.9 million).
United's wage bill for the period was down 52.8 million pounds ($63.8 million) to 331.4 million pounds ($400 million), which was attributed to “squad turnover” and the team's absence from the Champions League. Cristiano Ronaldo was among several highly-paid players to leave the club.
The report said no dividends had been paid to the Glazer family and other shareholders. (AP)
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)