United thread 2017/18

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jaigurugoat said:
He did a thread on twitter about their financial results without mentioning anything about the profit/loss. No article anywhere on the BBC website about it either. Anyone really surprised?
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It was on their website (BBC) all day yesterday :

A rising wage bill for players has cut into the latest quarterly profits from Manchester United.

For the three months to 31 December the club made an operating profit of £28.7m, down 23% on the same period in the previous year.

Wages, which make up half of the club's costs, rose 9.4% to £69.6m.

Players were paid more because Manchester United was back in the Uefa Champions League, but that also meant higher income from TV.

Broadcasting revenue was £61.6m, up 17% on the previous year, with total revenue for the quarter up 3.8% to £163.9m.

As well as Uefa Champions League games, income during the quarter was boosted by two extra Premier League games that were broadcast live.

"Our solid business model has allowed us to invest in the future of the Club with the extension of Jose Mourinho's contract as manager and the acquisition of Alexis Sanchez. We look forward to the remainder of the season with confidence," said Ed Woodward, Executive Vice Chairman of Manchester United.
 
oakiecokie said:
It was on their website (BBC) all day yesterday :

A rising wage bill for players has cut into the latest quarterly profits from Manchester United.

For the three months to 31 December the club made an operating profit of £28.7m, down 23% on the same period in the previous year.

Wages, which make up half of the club's costs, rose 9.4% to £69.6m.

Players were paid more because Manchester United was back in the Uefa Champions League, but that also meant higher income from TV.

Broadcasting revenue was £61.6m, up 17% on the previous year, with total revenue for the quarter up 3.8% to £163.9m.

As well as Uefa Champions League games, income during the quarter was boosted by two extra Premier League games that were broadcast live.

"Our solid business model has allowed us to invest in the future of the Club with the extension of Jose Mourinho's contract as manager and the acquisition of Alexis Sanchez. We look forward to the remainder of the season with confidence," said Ed Woodward, Executive Vice Chairman of Manchester United.
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That's a small article from the business section. Nothing in the sports section. Perhaps I'm betraying my lack of business knowledge here but why is every other media outlet saying they've made a huge loss?
 
I see that the myth is actually true of players supporting the club as a child.....taken from the BBC Sport Gossip column.

Borussia Dortmund attacking midfielder Christian Pulisic, 19, has refused to rule out a potential move to Manchester United, the club he supported as a child. (Mail)
 
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