Related News
European absence to take financial toll on Man Utd
Online Edition
MANCHESTER United's revenue and profit is set to fall in 2014-15, the English soccer club said on Wednesday, paying the price for missing out on European games this season and underlying the value of a swift return to the Champions League.
United, 20 times English champions, reported revenue of 433 million pounds ($698 million) in the year to the end of June, and core profit of 130 million pounds, both record figures thanks to improved TV and sponsorship deals.
The team finished only seventh in the Premier League last season, which meant that they failed to qualify for a place in the lucrative European Champions League for this campaign.
As a consequence, United forecast a decline in revenue to 385-395 million pounds in the current year, and profit of between 90 and 95 million pounds.
United have responded to last season's poor form by recruiting Dutchman Louis van Gaal as manager and spending around 150 million pounds to improve the team.
"With Louis van Gaal at the helm as manager, and the recent signing of some of the world's leading players to further strengthen our squad, we are very excited about the future and believe it's the start of a new chapter in the club's history," executive vice-chairman Ed Woodward said in a statement.
United, majority owned by the American Glazer family, have signed Argentine winger Angel di Maria from Real Madrid and also recruited Colombian striker Radamel Falcao, who joined on loan from Monaco.
United have made a shaky start to the season, failing to win any of their three Premier League matches so far and being eliminated from the League Cup.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
