Manchester United have published their latest set of financial results
The end of United's 2020/2021 season was marred by a number of protests against the Glazer family following the European Super League debacle.
The new set of financial results revealed that their total revenue dropped by £21.7million in the first three months of 2021 and the club's debt has increased.
Social Media Reaction To Manchester United Fans Protest
Matchday revenue saw the biggest decrease from the previous year's quarter. It saw the club make just £1.6million on matchdays. This is down £27.5million or 94.5 per cent on the same period in 2020.
That period saw the club host eight home games before covid-19 forced the postponement of matches.
Joel Glazer Agrees To More Dialogue With United Fans
United have also announced an increased in broadcasting revenue of 125.4 per cent, to £58.6 million for the quarter. Sponsorship and retail and merchandising revenue decreased by £10.5million and £8.9million.
Social media comments
The Price of Football podcast aims to look at the finances behind football, they tweeted.
Manchester United will pay a 9c dividend on the club’s 164 million shares on 30 July, vast majority of this will go to Glazers. Net debt ( borrowings less cash) up £14m to £443m. #MUFC pic.twitter.com/TQx0IfYl2e
— PriceOfFootball (@KieranMaguire) June 17, 2021
Impact on transfers?
What Manchester United fans will be wondering is whether these figures will have an impact on their transfer business for the summer.
This post takes a look at who United might be interested in this summer.
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