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| A Good Xmas at OT | |
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| Tweet Topic Started: Dec 19 2007, 10:49 PM (29 Views) | |
Stam
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Dec 19 2007, 10:49 PM Post #1 |
International
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-------------------------------------------------------------------------------- According to the MEN. http://www.manchestereveningnews.co....it_75m?rss=yes MANCHESTER United is set to announce record profits of around £75m as `Gold Trafford' hits the jackpot. A club best-ever annual turnover in excess of £200m has boosted profits in the year to June 30, figures to be released next month will reveal. The previous record turnover for the Reds was in the 2002-03 season, with £174m in total. The previous record profit was in 2003-04, when the club netted £58m. It is a significant increase on last January's figures, when the club announced a turnover of £167.75m and profits of £46.25m. The hike in turnover will help the Reds close the gap on Real Madrid, the world's richest club by revenue. In this year's Deloitte Money League, the Spanish club's turnover was 292.2m euros - £208m. United's success on the field last season and the raising of the Old Trafford capacity has banked the Reds the increased fortune. Last term saw United open their East and North quadrants at Old Trafford, adding 8,000 more seats at the stadium, including 2,500 corporate seats. Ground capacity It raised the ground capacity to 76,000, from just under 68,000 in the 2005-06 season, and the club was able to fill Old Trafford for most matches. In fact only one game, against Middlesbrough in a Monday night FA Cup sixth-round replay in March, was under 70,000. United were crowned Premiership champions in May, and derived a bumper income from that success. They also had a full FA Cup run to Wembley which included two replays against Reading and Middlesbrough, which increased the club's income. Unlike the previous year, when the Reds were knocked out in the group stage of the lucrative Champions League, last season Sir Alex Ferguson's side progressed to its semi-final. Part of the club's profit will be used to service the debts - around £35m a year - incurred by its American owners, the Glazer family, who took over the club in June, 2005. But it also leaves a significant amount of cash for Sir Alex Ferguson to deploy in the January and summer transfer markets. United can probably look forward to breaking records again in its next financial year. Season ticket prices have controversially risen this season, but - most significantly - the figures to be announced next month do not even include cash due to Old Trafford under its the new £1.7bn TV rights deal with Sky and Setanta. It will bring each Premiership club an estimated £40m a year. |
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reddwarf
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Dec 20 2007, 10:12 AM Post #2 |
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Better dead than smeg
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I'm always confused when these figures get published because different publications have different figures! An article I read yesterday claimed the profit announced would be closer to £60m :unsure: |
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| denisirwinsbarmyarmy | Dec 20 2007, 10:44 AM Post #3 |
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PREMIER LEAGUE & EUROPEAN CHAMPIONS 07/08
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Don't read anything into the money coming into the club. Any transfers we make will be off the back of who we sell added onto the usual transfer budget. The Glazers are yet to put their hands into their pockets. |
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Stam
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Dec 20 2007, 11:38 PM Post #4 |
International
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No need to put their personal money in as Utd are a profitable organization. The thing is how much money they are putting into their pockets |
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french
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Dec 20 2007, 11:41 PM Post #5 |
Utd are going to moscow
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That isn't really the question, doesn't really matter how much the Glazer's put in or take out. What matters is, have the Glazers made Utd more profitable or not. I think they have even with servicing the debt. |
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