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Financial Results

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United expects strong financial finish

Manchester United has lifted revenue and profit guidance for the year.   Reporting its latest quarterly results, it said that it expected 'a strong finish to 2016-17 both on and off the pitch.'  It announced projected revenues of £560m-£570m for the year, up from £530m-£540m.

United fell into an operating loss of £4.1m in the three months to the end of March from a profit of £23.2m in the same period last year.  Net income also fell into the red at a loss of £3.8m from a gain of £13.7m in 2016.

Profit into loss at Gillingham

A profit of £180k at Gillingham in 2015 turned into a loss of £800,000 in the year ended May 2016.   Turnover was flat at £5.68m.

The wage bill was up 10 per cent in 2016, but is less than Ibrahimovic earns in ten weeks, illustrating the gap between the Premier League and League One.  The whole squad cost £80k and no player was signed for a fee in 2016.

A dispute with caterers Centerplate is to go to court in November 2017.   Out of court settlements have been rejected.

Juventus look good in Serie A

Accounts for Serie A clubs for the 2015-16 season are now complete and Juventus come out on top on a number of criteria.   Data from the author of the Swiss Ramble blog.

Juventus had the highest revenues at €351m. more than €100m ahead of Roma on €234m.   The importance of Champions League success in television revenues is readily apparent.  Juventus and Roma reached the group stages and they received a total of €195m and €154m respectively.  Juventus had the highest wage bill at €221m, followed by Milan on €204m.

Financial challenges for Swansea

Swansea City AFC may yet retain their place in the Premier League, but they face considerable financial challenges in doing so. Data provided by the author of the Swiss Ramble blog demonstrates that the main factor is a constrained revenue base with a huge reliance on broadcasting income.

Big financial challenges for Sunderland

Sunderland face big financial challenges following their relegation to the Championship.  Their latest accounts to July 2016 show a loss of £33m up from £26.6m.   Only Chelsea and Aston Villa had higher losses and they had exceptional items in their accounts.

Tough finances in the Championship

With all the clubs in the Championship in 2015/16 having now published their accounts (except Bolton Wanderers), the author of the authoritative Swiss Ramble blog has now come up with some fascinating statistics.  

Of course, it is well known that Championship clubs like to splash the cash in an effort to reach the Premier League.   However, these figures show how difficult it is to avoid a loss in the Championship and how much parachute payments distort the financial picture.   One wonders if their level stops clubs reining in wages as much as they should.

Uefa makes big profits as Fifa loses money

Uefa made €847m on its expanded European championships in 2016, an increase of €500m on 2012. Total revenue for the championships was €1.92bn.   Income for the 2016 financial year was €4.58bn.

Broadcasting accounts for 50 per cent of Uefa's revenues and sponsorship for 20 per cent.   Reserves amount to €632m.

Sixth year of profits at Newcastle United

Newcastle United have recorded their sixth consecutive year of profits.   However, they fell to £4.6m in the year to June 2016, compared with £32.5m in the year to 2015.   Turnover was down by three per cent with a £4.5m fall in media income.

Big losses at Charlton

Charlton Athletic have reported a loss of £13.5m for the 2015-16 season, up by £9.5m from the previous twelve months.   These 'unsustainable' losses are attributed to efforts to maintain the club's Championship status in what turned out to be a rather expensive relegation.

Spurs get stadium funding

Tottenham Hotspur’s stadium redevelopment is a significant step closer after the club agreed a £350 million funding package with three investment banks.

HSBC, Goldman Sachs and Merrill Lynch will provide almost half of the money required to complete the £750 million rebuilding of White Hart Lane. The rest of the funding will come from advanced ticket sales, a ten-year ground rental arrangement with the NFL and a possible naming-rights deal.