HARD TIMES! Manchester United Football Club Suffers Drop In Revenue (See Why)

★★★★★★★★★★★★★★★★★★★★★
CLICK TO DOWNLOAD JETHITMUSIK MOBILE APP
★★★★★★★★★★★★★★★★★★★★★

Manchester United’s revenue fell by nearly 12% in the six months to December, largely because of the club’s absence from the Champions League.

Broadcasting revenue fell by 33.4% over the period, although commercial revenue rose by 6.5% and matchday revenue remained largely the same.

For 2020, the club expects its total revenue to be between £560m and £580m.

MUST READ:  Do You Think These Two Artistes Obago & Alaya Will Take-Over From Olamide And Phyno Completely? (Listen To Their New Song)

Ed Woodward, the team’s executive vice-chairman, said the team had made “progress on our squad rebuild”.

He added that the players the club had signed and others who had come through its academy had put in place “the foundation for delivering the long-term success that we are all working towards”.

The club’s total revenue for the six-month period was £303.8m. The drop in broadcasting figures was not a surprise, given the club’s absence from the Champions League.

MUST READ:  NL GIVEAWAY!! 3 People Will Win ₦6,000 Cash Today (Friday, 20th March 2020)

However, Mr Woodward hopes that will be put right next season, adding: “We are pushing for a strong finish in the Premier League, the Europa League and the FA Cup as we enter the final third of the season.”

For the year to July 2019, the club announced a record revenue figure of £627m – a figure that saw it drop to third, behind Barcelona and Real Madrid, in the annual Deloitte’s Football Money League.

MUST READ:  Chimamanda Adichie Reacts As Little Girls Recreate Her Outfit With Lupita Nyong’O (Photos)

The club’s figures also revealed a rise in the number of employees at the end of last year to 979 from 937 the previous year.

The post HARD TIMES! Manchester United Football Club Suffers Drop In Revenue (See Why) appeared first on Naijaloaded | Nigeria's Most Visited Music & Entertainment Website.

Source: News update

Facebook Comments

jethitmusik

Leave a Reply

Your email address will not be published.

Next Post

LOOK AWAY MAN UTD FAN!!! Toni Kroos Could Have Been A Manchester United Player ( Check Out What Happened)

Tue Feb 25 , 2020
<div class="at-above-post addthis_tool" data-url="https://www.jethitmusik.com/hard-times-manchester-united-football-club-suffers-drop-in-revenue-see-why/"></div>Post Views: 243 13 ★★★★★★★★★★★★★★★★★★★★★ CLICK TO DOWNLOAD JETHITMUSIK MOBILE APP ★★★★★★★★★★★★★★★★★★★★★ Real Madrid midfielder Toni Kroos says a deal for him to move to Manchester United “had basically been done” in 2014 before David Moyes was sacked. Former United manager Moyes previously revealed in 2018 that Kroos was close […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons above via filter on get_the_excerpt --><!-- AddThis Share Buttons below via filter on get_the_excerpt --><div class="at-below-post addthis_tool" data-url="https://www.jethitmusik.com/hard-times-manchester-united-football-club-suffers-drop-in-revenue-see-why/"></div><!-- AddThis Share Buttons generic via filter on get_the_excerpt -->
Copyright All right reserved Theme: Default Mag by ThemeInWP