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Date: 2023-12-03 05:23:09 | Author: Casino Rebate | Views: 597 | Tag: football
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Manchester United have announced record revenues of £648 football
4m for the last financial year and expect to bring in even more revenue this season football
But they made a net loss of £28 football
7m, despite cutting their wage bill by £52 football
8m – partly because they were not in the Champions League but also for a season when the best-paid player, Cristiano Ronaldo, left part way through the campaign – after expensive transfers football
Their accounts cover a 12-month period ending on 30 June, in which they signed Mason Mount this summer but also made the expensive purchases of Casemiro, for £63m, and Antony, for £86m, in 2022 football
United paid out £331 football
4m in salaries to their players last season, a sum that is likely to rise for the current financial year because salaries are raised when they are competing in the Champions League football
With the added income of playing in Europe’s premier continental competition, United anticipate a revenue of football between £650m and £680m this year football
United also said that, for the first time since 2016, no dividends were paid to the owners, the Glazer family football
The club’s debt remains at £538m while they also owe an additional £106m with a revolving credit facility football
United paid £21 football
4m in net finance costs over the 12 months – down £40 football
8m, partly due to a change in exchange rates football
United’s broadcasting revenue dropped £5 football
8m last season as they counted the cost of playing in the Europa League, a consequence of a sixth-place finish in the Premier League in 2021/22 football
But their commercial revenue reached a new high of £302 football
9m, up £45 football
1m, which was driven by a £41 football
6m rise in sponsorship income football
United have since signed a 10-year £900m kit deal with Adidas, which is likely to lead to a further increase in commercial revenue football
United’s matchday revenue also went up by £25 football
9m to £136 football
4m, aided by a host of home games during their runs to the FA and Carabao Cup finals football
For much of the last year, United have been for sale, with Sir Jim Ratcliffe and Ineos expected to take a 25 per cent stake in the club football
More aboutManchester UnitedPremier LeagueChampions LeagueSir Jim RatcliffeJoin our commenting forumJoin thought-provoking conversations, follow other Independent readers and see their repliesComments1/1Man Utd project record revenues ahead of Ratcliffe investmentMan Utd project record revenues ahead of Ratcliffe investmentBritain football Soccer Man United BiddersCopyright 2023 The Associated Press football
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Everton’s takeover by the American investment firm 777 Partners remains on course, despite the possibility of a points deduction that could put the Merseyside club at greater threat of relegation football
The Premier League are reportedly pushing for Everton to be deducted 12 points during an investigation into possible breaches of financial regulations but 777 are adamant they still want to proceed with plans to complete a buyout football
Everton majority shareholder Farhad Moshiri has signed a deal with 777 Partners, who have invested in a range of clubs including Genoa, Sevilla and Hertha Berlin football
Everton were accused of breaking Financial Fair Play rules, which are supposed to limit clubs to a total loss of £105m over a three-year period football
But Everton announced losses £44 football
7m in 2022, £121 football
3m in 2021, £139 football
9m in 2020, £111 football
8m in 2019 and £13 football
1m in 2018 football
The Premier League charged them in March though Everton have insisted they have complied with the regulations and their additional losses stem involve allowances clubs were permitted when Covid meant grounds were empty football
Everton disclosed all scenarios with 777 during talks and financial due diligence and the potential outcome was priced in to the structure of the deal football
A 12-point deduction would leave Everton, who only just avoided relegation in the last two seasons, on minus five football
Other potential punishments, if Everton are found guilty, could include a transfer ban or a fine, which West Ham were given for the third-party ownership of Carlos Tevez and Javier Mascherano in 2007 football
More aboutEvertonPremier LeagueJoin our commenting forumJoin thought-provoking conversations, follow other Independent readers and see their repliesComments1/1777 outlines Everton takeover stance amid points deduction threat777 outlines Everton takeover stance amid points deduction threatThe Premier League is reported to have recommended Everton be docked up to 12 points over alleged breaches of financial regulations (PA)PA Archive✕Subscribe to Independent Premium to bookmark this articleWant to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today football
SubscribeAlready subscribed? Log inMost PopularPopular videosSponsored FeaturesGet in touchContact usOur ProductsSubscribeRegisterNewslettersDonateToday’s EditionInstall our appArchiveOther publicationsInternational editionsIndependent en EspañolIndependent ArabiaIndependent TurkishIndependent PersianIndependent UrduEvening StandardExtrasAdvisorPuzzlesAll topicsfootball BettingVoucher codesCompareCompetitions and offersIndependent AdvertisingIndependent IgniteSyndicationWorking at The IndependentLegalCode of conduct and complaintsContributorsCookie policyDonations Terms & ConditionsPrivacy noticeUser policiesModern Slavery ActThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inCloseUS EditionChangeUK EditionAsia EditionEdición en EspañolSubscribe{{indy football
truncatedName}}Log in / Register {{#items}}{{#stampSmall}}{{/stampSmall}}{{#stampClimate}}{{/stampClimate}}{{#stampPremium}}{{/stampPremium}}{{title}}{{#desc}}{{desc}}{{/desc}}{{#children}}{{title}}{{/children}}{{/items}}Indy100Crosswords & PuzzlesMost CommentedNewslettersAsk Me AnythingVirtual EventsVouchersCompare✕Log inEmail addressPasswordEmail and password don't matchSubmitForgotten your password?New to The Independent?RegisterOr if you would prefer:SIGN IN WITH GOOGLEWant an ad-free experience?View offersThis site is protected by reCAPTCHA and the Google Privacy notice and Terms of service apply football
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