United 2016/17

[Colin Bells Boots]

Shreks PR team working overtime today. All his favourite journos have been whipped into line spouting their prepared pieces to 5live/talkshite etc.

I do wonder if we have any truly independent football jurnolists anymore.

You really mean that ?

 

[Hoghead]

Pretty sure that's not what the rags are saying.they are saying £20 m drop spread out over 10 year deal so about £4m next year and £2m the following 9 years

The way it is worded on the BBC website is that the £750m sponsorship would be subject to a 30% reduction if the rags missed 2 consecutive CL spots which works out at £225 over the 10 years or £22.5m pa on a straight pro-rata. I don't know what happens if they gain a CL spot in the 3rd year but I suspect it wont go straight back up again. Anyway, if they miss it this year, it will cost them £22.5m but maybe its backdated to last year when the deal commenced - absolute fun if it did.

 

[aguero93:20]

The way it is worded on the BBC website is that the £750m sponsorship would be subject to a 30% reduction if the rags missed 2 consecutive CL spots which works out at £225 over the 10 years or £22.5m pa on a straight pro-rata. I don't know what happens if they gain a CL spot in the 3rd year but I suspect it wont go straight back up again. Anyway, if they miss it this year, it will cost them £22.5m but maybe its backdated to last year when the deal commenced - absolute fun if it did.

It would cost them roughly £28m per annum over the remaining life of the deal from year 3 onwards. Around 40m for not making the CL each year as well so 80m extra as a bonus giggle. Then you have to factor in wage increases as they try to sweeten the deal for transfer targets to make up for the lack of European football :) could be anything up to half a billion in total costs.

 

[mrtwiceaseason]

It would cost them roughly £28m per annum over the remaining life of the deal from year 3 onwards. Around 40m for not making the CL each year as well so 80m extra as a bonus giggle. Then you have to factor in wage increases as they try to sweeten the deal for transfer targets to make up for the lack of European football :) could be anything up to half a billion in total costs.

The story in the mirror says £4m this year and £2m the remaining 8 years .
I wish you were right mate

 

[aguero93:20]

The story in the mirror says £4m this year and £2m the remaining 8 years .
I wish you were right mate

Whereas their own official release to the stock market said 30% iirc.

 

[mrtwiceaseason]

Whereas their own official release to the stock market said 30% iirc.

Have a look in the mirror mate and see what the rag finance guy said ,you might be right I don't know ?

 

[oakiecokie]

CONFIRMATION ;

Manchester United will lose more than £20m in sponsorship income from Adidas if they fail to qualify for next year's Champions League.

The German sportswear giant is in the second season of a 10-year, £750m deal.

After announcing a fall in first-quarter revenue, United said the annual payment will reduce by 30% if they do not reach Europe's flagship competition for a second successive season.

United are sixth in the Premier League, six points off the top four.

"There is a clause in the Adidas contract that applies if we are missing from the Champions League for two years in a row," said United's chief financial officer Cliff Baty.

"An example would be if we [were due to receive] £70m [in a given year], we would not receive £21m."

The sum is taken off each year of the contract, with the first payment covering the years for which the deal - which came into force in 2015 - has been active.

Baty said a failure by United to get out of the Europa League group stage this season would cost the club "single digit millions".

United's failure to qualify for this season's Champions League has already had an impact on their 2016-17 finances.

First-quarter revenue - to 30 September - was down £3.4m (2.8%) to £120.2m, with matchday income down 32.3% to £16.8m. Profit was £6.2m.

The reduction in income is largely down to United playing three fewer home games than in the same period in 2015.

Debt has risen 18% to £337.7m, due to the fall in the pound against the dollar since the Brexit vote.

Executive director Ed Woodward said: "Our financial results for this quarter reflect the impact of our non-participation in the Uefa Champions League."

The club's commercial revenue rose 4.4% to £74.3m, with overall revenue for the year expected to be between £530m and £540m.

United made four signings in the summer transfer window, including France midfielder Paul Pogba for a world record £89m and Sweden striker Zlatan Ibrahimovic.

They are sixth in the Premier League and through to the quarter-finals of the EFL Cup but outside the qualification places for the knockout phase of the Europa League with two games remaining.

 

[aguero93:20]

Have a look in the mirror mate and see what the rag finance guy said ,you might be right I don't know ?

Saw that, he's the CFO as well so would be in serious shite if he'd gotten that wrong. Can't track down the original release, @Prestwich_Blue might know where to find it.

 

[yeah whatever !!]

Rooneys done nothing wrong, he hasn't broke any laws or hurt anyone and if he wants to be pissed out of his head at 5am in the morning that's entirely up to him

But what it shows yet again, is that he's finished as a top footballer. At 31 he cannot be doing shit like that and expect it not to affect his performances. It also shows that he probably doesn't care about his career as he once did. So physically and mentally he's going downhill rapidly

Press slag him off, turns to drink, press slag him off ...and repeat lol.

 

[MillionMilesAway]

It seems to be the difference between 21M in one chunk, or 21M over the remainder of the contract. Presumably missing the CL again would incur another 21M for every additional year.

The CFO seems a reputable source for this!