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Sponsorship cuts United debt

Manchester United have reduced their debt with the help of several lucrative sponsorship and operational deals boosting profit.

Last Updated: 14/11/12 at 14:34 Post Comment

Old Trafford: Success on and off the pitch

Old Trafford: Success on and off the pitch

While the team currently sit at the top of the Premier League, the latest figures suggest off the pitch the club are also in a healthy state.

United's gross debt has been cut to £359.7m after the owners 'retired' a further £62.6m-worth of bonds during the first financial quarter.

It has been estimated that overall income will reach £350m to £360m over the entire financial year to June 2013, thanks mainly to commercial developments with sponsorship, including a seven-year £357m shirt deal with General Motors.

United executive vice-chairman Ed Woodward said: "Manchester United had a record first quarter driven by our commercial operation, which continues to experience extremely strong global revenue growth in new media & mobile, retail merchandising & sponsorship.

"The team has also made a strong start to the 12/13 season - currently 1st place in the Premier League and 1st place in our Champions League Group."

Since taking over at Old Trafford in 2005, the Glazer family has been heavily criticised by some fans for forcing huge debt levels onto the club.

United also received £1.3m due to their players being selected for Euro 2012, as well as around £2m for Old Trafford being an Olympic venue during the summer.

The club's broadcast revenues nose-dived by 37.4%, largely attributed to their dismal showing on the Champions League stage last season when they failed to reach the knock-out stages.

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Readers' Comments

A

nd we always will love Ozil. I don't really mind if no other team can see just how brilliant he is, or if people think he is rubbish, because we know he is far from it. He is a fantastic player, and if people cannot see that it can only be a good thing, in that he will be at Arsenal for years to come, pulling the strings from behind a glass veil.

ganachus
F365's Top Ten Unheralded Players Of The Season

I

like the list and Ozil in particular does seem under appreciated when you look at his stats (an odd thing considering his fee or maybe because of it). Palace have a few and I've always thought Dwight Gayle at Palace was under rated, certainly when you look at his goals per game ratio. You can probably also add Ryan Bertrand at Saints who should be in the England team in my view.

sensiblepoolfan
F365's Top Ten Unheralded Players Of The Season

N

ew Shaun Wright Phillips, there I've said it. If any club offers stupid money we'd be stupid to say no, he's not a potential worldie by any stretch and I feel that after a few years warming the bench at city or Chelsea he'll be back at QPR smoking sheesha pipes under Harry Redknapp.

uncle monty
Sterling Case For Leaving 'Bigger' Club

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