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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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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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f Klopp is available and willing to go there, they have to sign him up. Far better manager than Rodgers. The reason Liverpool fail in so many big games is the inflexible nature of their manager and his inability to find strikers who fit into his inflexible style of play. A feature of nearly every game that the team comes up short is the way the opposition midfield appears to overpower them. It's too easy.

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Make Way For A Proper Genius, Brendan

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est player award should not go to a player who's second best at all the importent categories (i.e goals, assists etc) just because his team is at the top. If you are not first you are last; if you're second you are the first loser ( looking at you Hazard). David De Gea for POTY.

mrbigstuff
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