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Financial Results

Taking this from Simon Stone's twitter thread.

Total revenue for the year to 30/6/2019 - £627.1m. Commercial revenue slightly down. Net debt £203.6m. Ed Woodward: “Remain focused on our plan of rebuilding the team and continuing to strengthen our youth system, in line with the philosophy of the club and the manager."

More Ed Woodward: "This is reflected in the recent addition of three exciting 1st team players, key player contract extensions and the talent we have coming through our Academy. Everyone @ManUtd is committed to delivering on our primary objective of winning trophies."

Expected revenue for 2020 is between £560m and £580m, drop of £47m to £67m, direct impact of @ManUtd not qualifying for Champions League.

Jose's pay-off. "Exceptional items for the year were £19.6 million, relating to compensation to the former manager and certain members of the coaching staff for loss of office."

Man Utd overall wage bill up to £332.3 million, up 12.3% 'primarily due to investment in the first team playing squad'

Woodward: "Confident (approach) will deliver results but important to be patient." Says club linked with 100s of players 'often without foundation'. Says continuing to look at development on football side.

Woodward: "Youth led, attacking football is the right way forward. Resolute in our desire to get @ManUtd back to top. Long term approach to building squad is right one.

posted on 24/9/19

I believe so.

posted on 24/9/19

Comment Deleted by Site Moderator

posted on 24/9/19

Jose's pay-off. "Exceptional items for the year were £19.6 million, relating to compensation to the former manager and certain members of the coaching staff for loss of office."

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Ed should have been sacked on the spot when this figure was released

posted on 24/9/19

Mourinho’s a bloody a genius. He’s made so much money off payoffs that he blatantly engineers himself.

posted on 24/9/19

https://mobile.twitter.com/sistoney67/status/1176472025977765889?s=09

posted on 24/9/19

comment by Mason The King Greenwood (U10026)
posted 29 minutes ago
https://mobile.twitter.com/sistoney67/status/1176472025977765889?s=09


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Great to see that Ed/Glazer bashing isn't just a JA606 thing

posted on 24/9/19

Believe it or not, there are many Manchester United fans with a brain.

posted on 24/9/19

comment by BerbaKing11 (U6256)
posted 3 hours, 57 minutes ago
comment by Redastomatoes- Feels very Moyesian...cleverson forever!If he is good enough he is ready! (U12026)
posted 16 minutes ago
comment by BerbaKing11 (U6256)
posted 13 minutes ago
Full quote:

"A lot of the speculation around this role [Director of Football] is centred around recruitment, but we believe our way of working is the right one, as evidenced by squad development, footballing direction and results over the last six years.”
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Surely you are wumming us.
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I wish.
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"Results have been so good, in fact, that we've only had to sack three managers in those six years" Woodward continued. "One of them even made it into an historic third season."

posted on 24/9/19

comment by Mason The King Greenwood (U10026)
posted 2 hours, 6 minutes ago
Mourinho’s a bloody a genius. He’s made so much money off payoffs that he blatantly engineers himself.
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And yet some of our idiotic fans wanted him knowing this would be the end result after three years.

Mind boggling really.

posted on 24/9/19

comment by BerbaKing11 (U6256)
posted 6 hours, 8 minutes ago
Full quote:

"A lot of the speculation around this role [Director of Football] is centred around recruitment, but we believe our way of working is the right one, as evidenced by squad development, footballing direction and results over the last six years.”
----------------------------------------------------------------------
Is this from The Onion?

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