Manchester United on course to smash record £100m turnover barrier

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Manchester United on course to smash record £100m turnover barrier - News - MirrorFootball.co.uk



Manchester United are still on course to become the first football club to break through the £100million barrier for annual commercial turnover.

United have posted their third quarter figures this morning, which show commercial revenue has risen to £75.3million, up 33% compared to 12 months ago.

The increase helps compensate for a combined £5million decrease in media and matchday revenue within the third quarter, which club officials put down to a reduction in the number of home games and the fact prices were pegged for an FA Cup fifth round tie with non-league Crawley in March.

United have also confirmed they have bought back an additional £5.5million in bonds, taking the overall amount purchased to £29.5million.


Total turnover stands at £231.7million, up from £219.3million to March 31, 2011.

United's gross debt has also fallen to £477.7million, although this is thought to be a direct result of a conversion to sterling of money owed in dollars, which is weak against the pound.

The Red Devils still have £113million in cash, or its equivalents, which, despite the likelihood that they will clinch a record 19th league title tomorrow and have a Champions League final against Barcelona to look forward to on May 28, many fans believe should be invested in Sir Alex Ferguson's squad.
 
Loving that last paragraph..

Looks good. The debt is lowering and we're still bringing in plenty of money. Things are going well.
 
The debt is still there, and it's massive, but they are making loads of money. They are a global brand and have good support in Asia (Korea especially). I reckon the debt will be gone in 5 years, maybe less if the Glazers leave!
 
Will that 113m go entirely on transfers? Partly on transfers? Or will it all go into debt payments? I imagine Fergie will get a good 60m and the rest may be put into debt payments?
 
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