Full year figures from Manchester United are due today. It is expected that the club will have made record operating profits, topping £100m for the first time, thanks to increased matchday, broadcasting and commercial revenues. Despite failing to sell 2,200 season tickets in the summer, all the club’s home games this season have sold out.
Full year figures from Manchester United are due today. It is expected that the club will have made record operating profits, topping £100m for the first time, thanks to increased matchday, broadcasting and commercial revenues. Despite failing to sell 2,200 season tickets in the summer, all the club’s home games this season have sold out.
However, the football club recorded huge overall losses due to interest payments and one-off costs related to a £500m bond issue. Fans will want to see whether the Glazers have taken up to £70m from the club’s clash flow to service the £225m in high-interest PIK loans secured against their shareholding in the club. In addition, the club has more than £520m in bond debt on its balance sheet.