This should help pay Falcao’s wages…
With all the recent arrivals at Old Trafford, we’re certain that the club’s accountants were eagerly awaiting the release of the annual accounts with a nervous panic… sort of like David Moyes’ managerial style at the club.
According to the Guardian the club will announce record revenues of around £420m so their accountants can rest a bit easier.
In comparison to last year, the clubs £25m profit margin has largely been helped by the staggering amount of Manchester United replica jerseys that have been sold around the globe.
Two million Manchester United fans purchased a jersey and we’re hoping that they are a bit better than this shoddy effort.
The annual results include the severance payments made to former manager David Moyes and his coaching staff, however, they don’t reflect the financial losses incurred by the club’s failure to reach the Champions League group stages.
The club’s total revenue is expected to rise from £429m to £434m, an increase of 18 to 19 per cent. Profit for the year is expected to be £23m to £25m – significantly down from the £146.4m for 2012-13 but that was mainly due to a one-off tax credit.
Commercial revenue is expected to be up 25% to around £190m due to pre-season tours and higher sponsorship renewals. Operating costs are due to be up 20% to £373 m mainly due to expenditure on transfer fees and higher player wage.
