Manchester United Release Financial Result As Ed Woodward Prioritizes On Pitch Success
Written By Jacobs Dunga
Manchester United released their latest financial statement which saw a rise in revenues and wage bill.
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Their revenue saw an increase of 16.1% to £126.5m which was majorly boosted by the return of fans to the stadium.
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Operating losses decreased significantly from £27.1m to £10.2m as a result of the increase in revenues. The return of fans to the stadium seems to actually be working wonders for United even if their wage bill has increased.
The wage bill rose by a whopping 23% to £88.5m due to the arrival of Cristiano Ronaldo, Jadon Sancho and Raphael Varane who all joined the Red Devils in the summer.
The club however earned £17.4m in players sales. That was made possible by the transfer of Daniel James to Leeds United and a sell on percentage on Romelu Lukaku who moved from Inter Milan to Chelsea over the summer.
Commercial revenues did rise by 7.9% to £64.4m which can be attributed to the arrival of Portuguese sensation Cristiano Ronaldo. The club’s net debt stood at £439.7m on September 30, down slightly from £440.6m the previous year.
Despite these numbers, outgoing executive vice chairman, Ed Woodwards has maintained on pitch success is the priority at the Old Trafford club. He said via ESPN: “While these financial results today demonstrate our resilience through the pandemic, our top priority is success on the pitch.
“The manager, players and everyone at the club are determined to achieve that objective.”
Meanwhile…
Scott McTominay should be available for Manchester United’s weekend clash against Watford after missing out for Scotland due to illness.
The 24 year old appears to be doing well with his recovery and should be ready before the visit to Vicarage Road on Saturday.
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Anthony Martial has returned from an injury that has kept him out for a few weeks and is now available for selection which will come as a boost for manager Ole Gunnar Solskjaer while Marcus Rashford and Luke Shaw have recovered from different ailments that kept them away from international duty.
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