Follow usThe club from Old Trafford announced revenue of almost 784 million dollars for the last financial period in the past year, a Premier League record.
Record annual revenue for English club of £648.4m 📈
Net loss up 23.8% from £34m to £42.1m 📉
Total debt (not including money owed on transfer deals) is £613.3m 👀Kaveh Solhekol breaks down Manchester United’s financial results for the fiscal year 💰 pic.twitter.com/qZWp5Czc1j
— Sky Sports News (@SkySportsNews) October 26, 2023
The information comes from the Red Devils as British billionaire Sir Jim Ratcliffe is at the final steps to acquire 1/4 of the club from the Glazers.
The revenue is up 11% compared to the previous year despite Manchester United playing in the Europa League instead of the Champions League. However, the team reported a loss of 51 million dollars.
The Premier League club’s wage bill for that time was down almost 64 million dollars to 400 million dollars, which was attributed to the absence from the Champions League and also the highest-paid footballer left – Cristiano Ronaldo.
The information claims that no dividends had been paid to the American owners of the team and other shareholders.
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