Manchester United announce record revenue of £515.3m for 2016
Manchester United have announced record revenues of £515.3m for 2016, becoming the first English club to earn over half a billion pounds in a single year.
United's total revenue of £515.3m is up from 395.2m in 2015 and includes a record operating profit of £68.9m.
The club's revenue was boosted by winning the FA Cup for a record equalling 12th time, an increase in Premier League broadcasting rights and the announcement of 14 new sponsorship deals.
Executive vice-chairman Ed Woodward commented: "Our record Fiscal 2016 financial performance reflects the continued underlying strength of the business and the club is on target to achieve record revenues in 2017, even without a contribution from the Champions League.
"This strong financial performance has enabled us to invest in our squad, team management and facilities to position us to challenge for, and win, trophies in the coming years."
Louis van Gaal and his staff received an £8.4m payoff from Manchester United
United paid £8.4m in compensation to fire Louis Van Gaal and members of his coaching staff.
The Dutchman was dismissed in May after two years in charge despite winning the FA Cup because United failed to qualify for the lucrative Champions League.
United's wage bill rose to £232.2m, an increase of £29.6m, or 14.6 per cent, over the prior year, primarily due to renewals of existing player contracts, coupled with an uplift in annual player salaries due to participation in the Champions League.
The club's net debt as of 30 June 2016 was £260.9m, an increase of £5.7m over the prior year.
This increase was primarily due to the impact of foreign exchange rate movements on United's USD denominated debt. The USD/GBP exchange rate moved from 1.5712 at 30 June 2015 to 1.3332 at 30 June 2016.
Though United become the first English club to smash through the £500m mark, they are still behind Barcelona who announced record figures of £570m in July.
Enough is enough. Nobody in either Manchester United or England National Team setup can remove Wayne Rooney from the squad. For this much salary, a team deserve a lot. So many managers lost their jobs- David Moyes, Luis van gaal, Roy Hodgson and very soon Jose Mourinho. One common reason- very ordinary performance by Wayne Rooney. Rooney has expressed his wish to play in 2018 World cup also. For Rooney salary, they can get Diego Costa, Vardy and Mahrez (all three) in that money. Just because of commercial/sponsorship reasons, no player, coach,TV or Media personnel will criticise Rooney. Both Man U and England will keep on losing in trying to accomodate him in the squad.
His performance is terrible and it affects other players also- Man U and NT both in order to accomodate him. It has affected Pogba and Ibrahimovich also.Today match stats against Watford will not lie about his play. This has been going on for a long time now.
Comments
Manchester United announce record revenue of £515.3m for 2016
Manchester United have announced record revenues of £515.3m for 2016, becoming the first English club to earn over half a billion pounds in a single year.
United's total revenue of £515.3m is up from 395.2m in 2015 and includes a record operating profit of £68.9m.
The club's revenue was boosted by winning the FA Cup for a record equalling 12th time, an increase in Premier League broadcasting rights and the announcement of 14 new sponsorship deals.
Executive vice-chairman Ed Woodward commented: "Our record Fiscal 2016 financial performance reflects the continued underlying strength of the business and the club is on target to achieve record revenues in 2017, even without a contribution from the Champions League.
"This strong financial performance has enabled us to invest in our squad, team management and facilities to position us to challenge for, and win, trophies in the coming years."
United paid £8.4m in compensation to fire Louis Van Gaal and members of his coaching staff.
The Dutchman was dismissed in May after two years in charge despite winning the FA Cup because United failed to qualify for the lucrative Champions League.
United's wage bill rose to £232.2m, an increase of £29.6m, or 14.6 per cent, over the prior year, primarily due to renewals of existing player contracts, coupled with an uplift in annual player salaries due to participation in the Champions League.
The club's net debt as of 30 June 2016 was £260.9m, an increase of £5.7m over the prior year.
This increase was primarily due to the impact of foreign exchange rate movements on United's USD denominated debt. The USD/GBP exchange rate moved from 1.5712 at 30 June 2015 to 1.3332 at 30 June 2016.
Though United become the first English club to smash through the £500m mark, they are still behind Barcelona who announced record figures of £570m in July.
http://www.joe.co.uk/sport/why-wont-television-pundits-acknowledge-wayne-rooneys-poor-form/86819
Enough is enough. Nobody in either Manchester United or England National Team setup can remove Wayne Rooney from the squad. For this much salary, a team deserve a lot. So many managers lost their jobs- David Moyes, Luis van gaal, Roy Hodgson and very soon Jose Mourinho. One common reason- very ordinary performance by Wayne Rooney. Rooney has expressed his wish to play in 2018 World cup also.
For Rooney salary, they can get Diego Costa, Vardy and Mahrez (all three) in that money.
Just because of commercial/sponsorship reasons, no player, coach,TV or Media personnel will criticise Rooney. Both Man U and England will keep on losing in trying to accomodate him in the squad.