Sport : Football

Manchester United set to reveal results

18th September 2012, 02:21pm

Glazers: Set to reveal latest Manchester United results

Glazers: Set to reveal latest Manchester United results

Manchester United are expected to report a drop in revenue and profits on Tuesday.

The fall in income is a result of the club's failure to progress in the Champions League last season - unaudited estimates presented to potential investors last month predicted a fall in revenue of between 3% and 5% - an estimated £315m to £320m compared to £334m for the year ending June 2011.

It is also expected to show that wages have risen by around 10% compared to 2011, but that commercial deals, such with training kit partner DHL, have also risen by as much as 13% to £117m, softening the blow of the fall in broadcast income and prize money from European football.

The overall revenue drop is a direct result of United's failure to get into the knockout stages of the Champions League, especially compared to the 2010/2011 season when they reached the final - and which was the most lucrative final ever.

The impact of being knocked out of the FA Cup in the fourth round also has had an knock-on effect on matchday income.

The results come against the background of pressure on the price of the shares - totalling 10% of the club - sold on the New York Stock Exchange last month.

The Glazers had valued the shares at between 16 and 20 US dollars, but they were sold for 14 dollars and now the price has dropped to 12 dollars.

The absence of Champions League income form the knockout stages cost United £14m in income from UEFA compared to the previous season. There also a £10million fall in matchday income due to four fewer home matches taking place.

Even so, United should still be comfortably in third place in the table of the world's biggest-earning clubs behind Real Madrid and Barcelona.

Real Madrid's revenues for the 2011-12 financial year were 514m euro (£415m), a 7% rise, and Barcelona's of 494.9m euro (£399m) a 4.5% increase.

When United issued their third-quarterly report for the nine months ending March 31, the 9.9% wage increase was put down to new players and new contracts.

Football Videos

    Cech - As special as the first

    Cech - As special as the first

    01-March-2015

    Chelsea goalkeeper Petr Cech said winning the Capital One Cup was just as special as winning his first trophy with the club.

    Cesc - Costa the main man

    Cesc - Costa the main man

    01-March-2015

    Chelsea's Cesc Fabregas said Diego Costa did exactly what was asked of him in the Capital One Cup final.

    Mourinho praise for Spurs

    Mourinho praise for Spurs

    01-March-2015

    Chelsea manager Jose Mourinho was full of praise for Tottenham and their manager Mauricio Pochettino - saying they are a great side that are hard to beat.

    Terry - We're 'deserved' winners

    Terry - We're 'deserved' winners

    01-March-2015

    Chelsea captain John Terry said the way his side controlled the game in the second half made them 'deserved winners' of the Capital One Cup final.

    Sky Bet

      • Retrieving latest Sky Bet odds

    Facebook Favourites