MU has become the first British football club to earn more than half a billion pounds in a year.
Manchester United has recorded record revenues of £515.3m for the 2016 financial year, the first UK football club to do so.
In a year when it won the FA Cup, the Old Trafford club also signed 14 sponsorship deals, and saw commercial, matchday and TV revenues all rise.
It is now predicting 2017 revenues of up to £540m, even though it is not in the Champions League this season.
The club’s accounts up until 30 June 2016 confirm that the Premier League club was the first British team to break the half-billion mark, but the figure is short of Barcelona’s €679m (£570m) revenue revealed in July.
The Premier League giants also revealed operating profits of £68.9m, and adjusted core earnings of £191.9m, both also records.
“Our record fiscal 2016 financial performance reflects the continued underlying strength of the business and the club is on target to achieve record revenues in 2017, even without a contribution from the Champions League,” said executive vice-chairman Ed Woodward.
A very Jewish achivement.
Too bad about the major trophies and playing in Europe. )))))
Lest I be accused of anti-Semtisim, I’m proud of the fact that I worked in Rothschild S’pore and shook the hand and had dinner with the then owner, Sir Evelyn. Actually it is the firm that in hindsight I regretted leaving for greener pastures. It was a really nice place to work in. Too bad about the pay though.
Btw, Rothschilds is the regular adviser to MU, and at times to its owners, the Glazers. The relationship to MU predates the Glazers. Rothschild has had an office in Manchester since the 19th century.
And btw2, I’m sure you have read that Goldman Sachs made good money in M’sia before running into problems with the US marshalls.
Well in the 1970s when Dr M became PM and started buying ownership of plantations and mines from UK-based investors, Rothschild was the go-to bank for M’sia. It wasn’t that Dr M was supportive of the Jewish houses in London. But the central bank governor, Tun Ali, had good ties with the London Rothschilds. He was btw also a brother-in-law of Dr M. A character. Shook his hand and helped look after him during one of his visits here for a conference.