Manchester United announce drop in quarterly revenue but ‘remain on track’ for record annual income

Manchester United announce drop in quarterly revenue but ‘remain on track’ for record annual income
Manchester United recorded reduced quarterly revenue in their latest financial results, the Premier League club have announced.However,they insist the club remain on track for a record annual income.1

Ed Woodward insists United’s financial growth is positive despite the first quarter setback

United’s revenue of 135million for what is termed the first quarter of 2019 was down from 143.7million in the same period last year.Commercial and matchday revenue were down, along with operating profit, with broadcasting revenue – up 2million to 42.8million – the only area showing growth.It is understood the difference can be attributed largely to the fixture schedule which meant United played two fewer games than in the same period 12 months before.United brought in 590million in the year ending June 30, 2018, with revenue expected to rise to between 615m and 630m over the coming financial year. Ed Woodward, United’s executive vice chairman, said: “Our financial strength enables us to continue to attract and retain top players and to invest in our academy, as we look to drive the success on the pitch that the club and our fans expect.“We remain on track to deliver our record full-year revenue guidance, underpinning our long-term, strategic plan to create sustainable growth across all areas of the club.”Wages rose 7.1million to 77million while a smaller summer tour resulted in decreased sponsorship revenue but reduced operating expenses of 28.6million, a decrease of 5.9million.

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Manchester United announce drop in quarterly revenue but

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Manchester United announced reduced quarterly revenues on Thursday but the English football giants insisted they remain on course to declare record annual income. United revenue of £135 million ($172 million) for what is termed the first quarter of 2019 was down from £143.7 million in the same period last year.

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United 'on track' to achieve record annual income despite quarterly drop United's quarterly income fell by £8.7million compared to the same period 12 months ago.
United 'on track' to achieve record annual income despite

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financial results but insist the club remain on track for record annual income. United's revenue of £135million for what is termed the first quarter of 2019 was down from £143.7million in the
United 'on track' to achieve record annual income despite

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Manchester United have announced reduced quarterly revenue in their latest financial results but insist the club remain on track for record annual income. United's revenue of £135million for
United 'on track' to achieve record annual income despite

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Manchester United have announced reduced quarterly revenue in their latest financial results but insist the club remain on track for record annual income. United's revenue of £135million for what is termed the first quarter of 2019 was down from £143.7million in the same period last year.
United 'on track' to achieve record annual income despite

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United 'on track' to achieve record annual income despite quarterly drop UK Sport | Published: Nov 15, 2018 United's quarterly income fell by £8.7million compared to the same period 12
Manchester United Insist Annual Revenue Despite Quarterly

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Manchester United announced reduced quarterly revenues on Thursday but the English football giants insisted they remain on course to declare record annual income. United revenue of £135 million
United 'on track' to achieve record annual income despite

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Manchester United have announced reduced quarterly revenue in their latest financial results but insist they remain on track for record annual income. United's revenue of £135million for what is
Manchester United insist annual revenue record in sight

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United 'on track' to achieve record annual income despite quarterly drop United's quarterly income fell by £8.7million compared to the same period 12 months ago. Manchester United have announced reduced quarterly revenue in their latest
Manchester United announce reduced quarterly revenue - ITV News

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Manchester United announce drop in quarterly revenue but 'remain on track' for record annual income The club's commercial and matchday revenues were down, but there was an increase in their
United 'on track' to achieve record annual income despite