United’s second quarter financial results:
Commercial revenue down 19% (£122.3m)
Broadcasting revenue up 60.1% (£156.3m)
Matchday revenue down 94.2% (£3.2m)
Total revenue down 7.2% (£281.8m)
Net debt up 16.4% (£455.5m)
Debt has gone up £15m since the last results and £64m over the entire year, our match day revenue has taken an absolute hammering given we generate the second highest after Spurs in the league.
Wage bill goes up nearly £11m due to players being given pay increases for CL qualification.
Man Utd confirm they have taken a "£60million drawdown on our £200 million revolving credit facilities during the quarter". I’m expecting a rather quiet transfer window for United this summer.
Browse:
Financial results
comment by Boris 'Inky’ Gibson (U5901)
posted on 4/3/21
Matchday revenue down 94.2% (£3.2m)
How can you have any matchday revenue when there's no crowds?
Creative accountancy.
comment by Darren The String Fletcher (U10026)
posted on 4/3/21
Good thing we are clever in the transfer market.
comment by Barf Vader (U15867)
posted on 4/3/21
comment by Boris 'Inky’ Gibson (U5901)
posted 19 minutes ago
Matchday revenue down 94.2% (£3.2m)
How can you have any matchday revenue when there's no crowds?
Creative accountancy.
----------------------------------------------------------------------
Made the players pay subs before each game.
comment by Diafol Coch 77 🏴 (U2462)
posted on 4/3/21
comment by Barf Vader (U15867)
posted 25 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 19 minutes ago
Matchday revenue down 94.2% (£3.2m)
How can you have any matchday revenue when there's no crowds?
Creative accountancy.
----------------------------------------------------------------------
Made the players pay subs before each game.
----------------------------------------------------------------------
Would anyone have paid for season tickets?
comment by devilsknight101 (U4670)
posted on 5/3/21
comment by Diafol Coch 77 (U2462)
posted 7 hours, 11 minutes ago
comment by Barf Vader (U15867)
posted 25 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 19 minutes ago
Matchday revenue down 94.2% (£3.2m)
How can you have any matchday revenue when there's no crowds?
Creative accountancy.
----------------------------------------------------------------------
Made the players pay subs before each game.
----------------------------------------------------------------------
Would anyone have paid for season tickets?
----------------------------------------------------------------------
Would membership count?
comment by Boris 'Inky’ Gibson (U5901)
posted on 5/3/21
GoFundMe page?
comment by Don Draper's dandruff (U20155)
posted on 5/3/21
comment by Boris 'Inky’ Gibson (U5901)
posted 54 minutes ago
GoFundMe page?
----------------------------------------------------------------------
https://uk.gofundme.com/f/operation-mbappe-haaland
posted on 5/3/21
comment by Don Draper's dandruff (U20155)
posted 21 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 54 minutes ago
GoFundMe page?
----------------------------------------------------------------------
https://uk.gofundme.com/f/operation-mbappe-haaland
----------------------------------------------------------------------
A special mention to Fat Joe, Matt Smith and the 2 anonymous donors for their unbelievable optimism.
comment by Glazers Out (SE85) (U21241)
posted on 5/3/21
comment by Boris 'Inky’ Gibson (U5901)
posted 13 hours, 19 minutes ago
Matchday revenue down 94.2% (£3.2m)
How can you have any matchday revenue when there's no crowds?
Creative accountancy.
----------------------------------------------------------------------
I imagine staff being furloughed has probably accounted for the 6%.
Gives you an idea about how much money they make on a match day after staff costs I suppose.
But then again having a Bertie talking about cooking the books is like taking a lecture about child minding from Jimmy Saville.
comment by Boris 'Inky’ Gibson (U5901)
posted on 5/3/21
comment by Glazers_Out (SE85) (U21241)
posted 38 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 13 hours, 19 minutes ago
Matchday revenue down 94.2% (£3.2m)
How can you have any matchday revenue when there's no crowds?
Creative accountancy.
----------------------------------------------------------------------
I imagine staff being furloughed has probably accounted for the 6%.
Gives you an idea about how much money they make on a match day after staff costs I suppose.
But then again having a Bertie talking about cooking the books is like taking a lecture about child minding from Jimmy Saville.
----------------------------------------------------------------------
Did you charge the staff for being furloughed?
A bit harsh
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