Football: Manchester United Q2 Profits Rise!
By Prof Dr Ian Blackshaw
Despite their poor performance on the field of play, Manchester United have seen their 2nd Quarter profits rise.
The net income was £20.4 million compared with a net income of £6.3 million for the previous year’s Quarter.
That is, 12.49 pence per basic share, compared with 3.87 pence per basic share.
Total revenues for the Quarter increased by 34.9% to £225.8 million from £167.3 million for the same Quarter in the previous year.
In particular, broadcast revenue was up by 81.0% to £106.4 million, despite Manchester United’s exit from the current season’s UEFA Champions League, finishing in last place, and matchday revenue was up by 59.2% to £47.6 million.
However, their commercial revenue was down by 8.8% to £71.8 million.
It is hoped that the new minority co-owner of Manchester United, Sir Jim Ratcliffe, the founder of the INEOS Chemicals Group, which also has interests in several sports, will help to raise the Club’s performance on the field of play!
Prof Dr Ian Blackshaw may be contacted by e-mail at ‘
