The Glazer family, the owners of Manchester United, were paid £6m in ‘management fees’ last season. The payments were revealed as part of Red Football’s commitment to full disclosure under the terms of the financial bond they issued last year.
The Glazer family, the owners of Manchester United, were paid £6m in ‘management fees’ last season. The payments were revealed as part of Red Football’s commitment to full disclosure under the terms of the financial bond they issued last year.
Turnover was £334.1m in the year to 30 June 2011, up from £286.4m in 2010. Operating profit increased from £101.2m to £110.9m. Commercial revenue at £103.4m is more than the income of most clubs in the Premier League. Its share of total revenues increased from just over a quarter to approaching one third, demonstrating the success of the club’s strategy to grow these revenues.
The importance of Champions League revenues is demonstrated by their contribution of £176m, made up of £128m in match day receipts (up from £107m) and media revenues of £46m (up from £40.8m).