It was reported that they have already paid £11.2m (13.5m euros) while claiming that they haven't done anything wrong http://www.bbc.co.uk/sport/0/football/26327476, I guess they were hoping that would be the end of it...aguero93:20 said:moh said:oakiecokie said:I don`t think UEFA can at the moment do anything,until the charges are proved and they are found guilty.If that is the case,then UEFA surely would have dish out some hard punishment.I wait with baited breath !!
But why would they get involved. Surely this matter is between the club and the government tax authorities
Unless they used those figures in accounts submitted to UEFA to prove compliance with anything then it is outside of their responsibility surely
That's exactly what they would have done, if they falsified their records to show a lower transfer fee for Neymar they would have exaggerated their profit or lowered their loss for FFP purposes. However looking at the timeline of this breaking I think it's quite possible that they were pulled up on it, admitted to it and changed the accounts before submitting their FFP return to UEFA.
ColinLee said:It was reported that they have already paid £11.2m (13.5m euros) while claiming that they haven't done anything wrong http://www.bbc.co.uk/sport/0/football/26327476, I guess they were hoping that would be the end of it...aguero93:20 said:moh said:But why would they get involved. Surely this matter is between the club and the government tax authorities
Unless they used those figures in accounts submitted to UEFA to prove compliance with anything then it is outside of their responsibility surely
That's exactly what they would have done, if they falsified their records to show a lower transfer fee for Neymar they would have exaggerated their profit or lowered their loss for FFP purposes. However looking at the timeline of this breaking I think it's quite possible that they were pulled up on it, admitted to it and changed the accounts before submitting their FFP return to UEFA.
http://www.bbc.co.uk/sport/0/football/26520978
Manchester United's first-quarter revenues DOWN £20m on this time last year
But executive vice-chairman Ed Woodward says he expects the Reds' full-year profits to be higher than 2014
The impact of not playing in the Champions League has seen Manchester United's revenues fall by £20m in the first three months of the year, when compared to 2014.
First quarter figures released today show it pocketed £95m in the three months to March 31.
That compared to £115.5m last year - a 17.7 per cent drop.
But the club pointed to the fact commercial revenues have grown from £42.8m last year to £47.8m this time around.
Adjusted bottom line profits fell from £40m in 2014 to £254m this year.
But executive vice-chairman Ed Woodward said has upgraded the clubs profit forecasts from £90-95m to £103-110m.
He tipped revenues to be in the £385m-395m range for the full-year.
He added: “We remain confident about the future of our business. Our commercial revenues were up year over year and we are raising EBITDA guidance for fiscal year 2015 from £90-£95m to £103-£110m.
"As the season approaches its conclusion, we are pleased with the team’s performance in Louis van Gaal’s first season as manager and are well positioned to achieve a top four finish in the Premier League and to return to European football next year.
"As we look forward to next season, on the playing side we expect to be challenging for trophies in all competitions and on the commercial side we are excited by the numerous opportunities for further growth, including the first year of our ten year partnership with adidas. ”
More follows
Manchester United has reported losses of £11.4m for first three months of 2015.
Commercial revenue for the third quarter has risen by £5m to £47.8m.
Sponsorship has increased to £37.5m an increase of 22.1%.
Retail, Merchandising, Apparel & Product Licensing revenue for the third quarter was £7.6 million, a decrease of £0.8 million, or 9.5%, over the prior year quarter.
This was due to a reduced Nike guaranteed revenue. Mobile and Content revenue has also decreased by £1m due to the expiration of a few mobile partnerships.
Executive vice chairman, Ed Woodward, said: “Our commercial revenues were up year over year and we are raising EBITDA guidance for fiscal year 2015 from £90-£95 million to £103-£110 million.
jrb said:Across town.
Manchester United's first-quarter revenues DOWN £20m on this time last year
But executive vice-chairman Ed Woodward says he expects the Reds' full-year profits to be higher than 2014
The impact of not playing in the Champions League has seen Manchester United's revenues fall by £20m in the first three months of the year, when compared to 2014.
First quarter figures released today show it pocketed £95m in the three months to March 31.
That compared to £115.5m last year - a 17.7 per cent drop.
But the club pointed to the fact commercial revenues have grown from £42.8m last year to £47.8m this time around.
Adjusted bottom line profits fell from £40m in 2014 to £254m this year.
But executive vice-chairman Ed Woodward said has upgraded the clubs profit forecasts from £90-95m to £103-110m.
He tipped revenues to be in the £385m-395m range for the full-year.
He added: “We remain confident about the future of our business. Our commercial revenues were up year over year and we are raising EBITDA guidance for fiscal year 2015 from £90-£95m to £103-£110m.
"As the season approaches its conclusion, we are pleased with the team’s performance in Louis van Gaal’s first season as manager and are well positioned to achieve a top four finish in the Premier League and to return to European football next year.
"As we look forward to next season, on the playing side we expect to be challenging for trophies in all competitions and on the commercial side we are excited by the numerous opportunities for further growth, including the first year of our ten year partnership with adidas. ”
More follows
Any of the financial bods care to add their own opinion to that? And compared to our possible revenues. I take missing out on a CL place, 4th and being knocked out, will have an impact on their revenues in the next financial year. No mention of the debt either.
United's gross debt now stands at £395.4m. This time last year the club's debt was just over £350m.
Man United's Ed Woodward tells investors that financial fair play rules are "starting to show their effectiveness in controlling key costs"
Gaudion M said:Dont know how this will paste but here's the numbers:
Three months ended
31 March
Nine months ended
31 March
2015 2014 Change 2015 2014 Change
Commercial revenue 47.8 42.8 11.7% 151.0 145.0 4.1%
Broadcasting revenue 21.7 35.6 (39.0%) 66.9 101.8 (34.3%)
Matchday revenue 25.5 37.1 (31.3%) 71.5 90.1 (20.6%)
Total revenue 95.0 115.5 (17.7%) 289.4 336.9 (14.1%)
Adjusted EBITDA* 25.4 40.0 (36.5%) 88.1 113.2 (22.2%)
(Loss)/profit for the period (i.e. net income) (2.9) 11.0 - 6.0 29.7 (79.8%)
Adjusted (loss)/profit for the period (i.e. adjusted net income)* (7.1) 13.0 - 1.5 35.0 (95.7%)
Adjusted diluted (loss)/earnings per share (pence)* (4.34) 7.93 - 0.91 21.49 (95.8%)
Gross debt** 395.4 351.7 12.4% 395.4 351.7 12.4%
Cash and cash equivalents 11.2 34.3 (67.3%) 11.2 34.3 (67.3%)
* Adjusted EBITDA, adjusted (loss)/profit for the period and adjusted diluted (loss)/earnings per share are non-IFRS measures. See “Non-IFRS Measures: Definitions and Use” below and the accompanying Supplemental Notes for the definitions and reconciliations for these non-IFRS measures and the reasons we believe these measures provide useful information to investors regarding the Group’s financial condition and results of operations.
Gaudion M said:Dont know how this will paste but here's the numbers:
Three months ended
31 March
Nine months ended
31 March
2015 2014 Change 2015 2014 Change
Commercial revenue 47.8 42.8 11.7% 151.0 145.0 4.1%
Broadcasting revenue 21.7 35.6 (39.0%) 66.9 101.8 (34.3%)
Matchday revenue 25.5 37.1 (31.3%) 71.5 90.1 (20.6%)
Total revenue 95.0 115.5 (17.7%) 289.4 336.9 (14.1%)
Adjusted EBITDA* 25.4 40.0 (36.5%) 88.1 113.2 (22.2%)
(Loss)/profit for the period (i.e. net income) (2.9) 11.0 - 6.0 29.7 (79.8%)
Adjusted (loss)/profit for the period (i.e. adjusted net income)* (7.1) 13.0 - 1.5 35.0 (95.7%)
Adjusted diluted (loss)/earnings per share (pence)* (4.34) 7.93 - 0.91 21.49 (95.8%)
Gross debt** 395.4 351.7 12.4% 395.4 351.7 12.4%
Cash and cash equivalents 11.2 34.3 (67.3%) 11.2 34.3 (67.3%)
* Adjusted EBITDA, adjusted (loss)/profit for the period and adjusted diluted (loss)/earnings per share are non-IFRS measures. See “Non-IFRS Measures: Definitions and Use” below and the accompanying Supplemental Notes for the definitions and reconciliations for these non-IFRS measures and the reasons we believe these measures provide useful information to investors regarding the Group’s financial condition and results of operations.