Man United announce drop in quarterly revenue but ‘on track’ for record income

first_img MONEY Oxlade-Chamberlain suffers another setback as Klopp confirms serious injury Son ban confirmed as Tottenham fail with appeal to overturn red card BEST OF RANKED Berahino hits back at b******t Johnson criticism – ‘I was in a dark place at Stoke’ Every time Ally McCoist lost it on air in 2019, including funny XI reactions Where Ancelotti ranks with every Premier League boss for trophies won huge blow Which teams do the best on Boxing Day in the Premier League era? Ronaldo warned Lukaku how hard scoring goals in Serie A would be before Inter move Manchester United recorded reduced quarterly revenue in their latest financial results, the Premier League club have announced.However, they insist the club remain on track for a record annual income. Forbes list reveals how much Mayweather, Ronaldo and Messi earned this decade ADVICE center_img REVEALED shining REPLY Ed Woodward, United’s executive vice chairman, said: “Our financial strength enables us to continue to attract and retain top players and to invest in our academy, as we look to drive the success on the pitch that the club and our fans expect.“We remain on track to deliver our record full-year revenue guidance, underpinning our long-term, strategic plan to create sustainable growth across all areas of the club.”Wages rose £7.1million to £77million while a smaller summer tour resulted in decreased sponsorship revenue but reduced operating expenses of £28.6million, a decrease of £5.9million. Ed Woodward insists United’s financial growth is positive despite the first quarter setback no dice 1 Top nine Premier League free transfers of the decade United’s revenue of £135million for what is termed the first quarter of 2019 was down from £143.7million in the same period last year.Commercial and matchday revenue were down, along with operating profit, with broadcasting revenue – up £2million to £42.8million – the only area showing growth.It is understood the difference can be attributed largely to the fixture schedule which meant United played two fewer games than in the same period 12 months before.United brought in £590million in the year ending June 30, 2018, with revenue expected to rise to between £615m and £630m over the coming financial year. Latest Football News Premier League Team of the Season so far, including Liverpool and Leicester stars REVEALED last_img read more