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Manchester United expecting record annual revenue as takeover saga continues
Manchester United expecting record annual revenue as takeover saga continues
Manchester United have projected record annual revenue of up to £640million in the current financial year as the takeover saga surrounding the club rumbles on. United’s owners, the Glazer family, are weighing up offers for the club from Qatari banker Sheikh Jassim and Sir Jim Ratcliffe, the founder of chemicals firm Ineos. The Glazers first indicated they could sell by initiating a strategic review last November but the bidding process has dragged on. Reports have suggested Sheikh Jassim’s bid – which is for 100 per cent of the club – is now the most likely to be accepted. Sources close to the Qatari bid have indicated their eagerness to close the deal, with the summer transfer window now open. Supporters staged fresh protests against the Glazers at Old Trafford on Tuesday as the club launched the kit for next season. Revenue guidance for the current financial year was raised to a record £630m to £640m in the third quarter financial results for the period ending March 31, 2023, which were released on Tuesday. This is driven by record match attendance and matchday revenues. Ticket sales for the 2022-23 season surpassed the previous record set in 2016-17, with 2.4m sold. Global memberships also hit 360,000, which United said was the largest paid membership programme in world sport. Revenue for the third quarter was up 11 per cent on the same period last year. Broadcasting revenue was slightly down on the corresponding period due to the club being in the Europa League rather than the Champions League, but was partially offset by the club’s performance in domestic cup competitions. Cash and cash equivalents are at £73.7m, down from £95.8m in the same period last year, reflecting the investment that has been made in the team. However, the figure is £31m higher than in the second quarter, boosted by money coming in from sponsorship and ticket sales. Summer recruitment will not be affected by the results, according to sources close to the club, with enough cash available to enable United boss Erik ten Hag to invest in the team. The limiting factor is understood to be the requirement to stay within financial sustainability rules.
2023-06-27 20:17
All Blacks opt for stability as Wallabies roll dice for crunch clash
All Blacks opt for stability as Wallabies roll dice for crunch clash
Under-pressure Wallabies coach Eddie Jones rolled the dice Thursday with a new-look "young, vibrant" side to face the All Blacks in Melbourne, while powerhouse New Zealand opted for stability...
2023-07-27 09:24
5 front office execs on the hot seat if 2023 MLB Winter Meetings go wrong
5 front office execs on the hot seat if 2023 MLB Winter Meetings go wrong
The 2023 MLB Winter Meetings are just over a week away. Expect free agency to pick up, with some executives under fire to make a move.
2023-11-27 09:27
Romelu Lukaku joins Roma on loan from Chelsea
Romelu Lukaku joins Roma on loan from Chelsea
Roma have completed the signing of Chelsea striker Romelu Lukaku on a season-long loan.
2023-08-31 18:19
PGMOL admit Liverpool offside goal should have stood after ‘significant human error’
PGMOL admit Liverpool offside goal should have stood after ‘significant human error’
Liverpool have been told they should have had the opening goal of the match in their late 2-1 defeat at Tottenham Hotspur, after a “significant human error” during the VAR process which should have checked the offside call initially given. The Reds were down to ten men at the time after Curtis Jones’ red card - and would finish with nine as Diogo Jota followed - but Luis Diaz ran through to beat Guglielmo Vicario to score what he thought was the first of the match. An offside flag denied him and referee Simon Hooper blew the whistle to cut celebrations short, but replays showed Diaz looked onside - only for VAR to erroneously uphold the decision. A statement released shortly after the match by the sport’s referee organisation acknowledged that shouldn’t have been the case and although no specifics were offered, relayed that another full review would be launched. “PGMOL acknowledge a significant human error occurred during the first half of Tottenham Hotspur v Liverpool,” it read. “The goal by Luis Diaz was disallowed for offside by the on-field team of match officials. This was a clear and obvious factual error and should have resulted in the goal being awarded through VAR intervention, however, the VAR failed to intervene. “PGMOL will conduct a full review into the circumstances which led to the error.” Manager Jurgen Klopp dismissed the review as irrelevant to his team after the decisions contributed to his team’s defeat, while also making reference to an incident earlier in the campaign under the same referee, where Wolves were denied a late penalty when Andre Onana should have been penalised for a clear foul. That incident ended in referee Hooper being stood down immediately into the new season, but he has since returned for three Premier League games. “How’s the statement help now? We had the situation in the Manchester United game and did Wolves get points for it? No. And we will not get points for today,” Klopp said. “So it doesn’t help. Nobody expects 100 per cent right decisions on-field. “We all thought when VAR came in it might make things easier, but I don’t know why people in VAR… are they under that much pressure? “The decision was made really quickly. It changed the momentum of the game. I knew at half-time, in the first moment I saw it’s a clean onside. “With normal, normal pictures, easy to see, but pretty sure that whoever did that made a decision. didn't do it on purpose.” Cody Gakpo had cancelled out Son Heung-min’s opener shortly before half time, only for Liverpool’s Joel Matip to score an own goal deep into injury time to hand Spurs the points. Read More Spurs take their fortune as Liverpool are left with only fury and frustration Man City failed to execute their ‘process’ in defeat at Wolves – Pep Guardiola Rob Edwards ‘very, very proud’ of Luton after landmark Premier League win Spurs take their fortune as Liverpool are left with only fury and frustration Man City failed to execute their ‘process’ in defeat at Wolves – Pep Guardiola Rob Edwards ‘very, very proud’ of Luton after landmark Premier League win
2023-10-01 04:29
Steelers, Packers fans unite on social media to roast Bears over Chase Claypool trade rumor
Steelers, Packers fans unite on social media to roast Bears over Chase Claypool trade rumor
The Steelers and Packers are both pointing and laughing at Bears general manager Ryan Poles.
2023-10-02 01:27
No Haaland, so Euro 2024 could give Ronaldo, Kane & Mbappe the advantage in the race for Ballon d'Or
No Haaland, so Euro 2024 could give Ronaldo, Kane & Mbappe the advantage in the race for Ballon d'Or
There will be a notable absentee from next year’s European Championship
2023-11-22 22:18
Palou builds commanding IndyCar lead while preparing to switch teams next year
Palou builds commanding IndyCar lead while preparing to switch teams next year
The possibility that Alex Palou will drive for a new team as a reigning IndyCar champion next year grows increasingly likely with each race
2023-06-17 03:47
Zeki Amdouni strikes late to see Burnley past Nottingham Forest
Zeki Amdouni strikes late to see Burnley past Nottingham Forest
Zeki Amdouni’s last-minute goal clinched Burnley a 1-0 win at Nottingham Forest and sent his side into the third round of the Carabao Cup. The Switzerland forward, signed from Basel in July, stepped off the bench late in the second half and volleyed home from six yards to settle a largely forgettable tie between two Premier League rivals in the Clarets’ favour. There was a minute’s applause before kick off for police officer Sergeant Graham Saville, the uncle of Forest defender Joe Worrall, who has died after being hit by a train last Thursday while trying to save a distressed man on railway tracks. Worrall was suspended following his dismissal in Saturday’s 3-2 Premier League defeat at Manchester United, while Forest boss Steve Cooper made seven changes. Argentina’s World Cup-winner Gonzalo Montiel, on loan from Sevilla, and Brazilian teenager Andrey Santos made their full debuts and Anthony Elanga made his first start for the club. Burnley boss Vincent Kompany made 10 changes from Sunday’s 3-1 home league defeat to Aston Villa, with Aaron Ramsey and Jacob Bruun Larsen making their first starts. Neither side created a chance worthy of note until the 36th minute when Forest midfielder Cheikhou Kouyate blazed over after Chris Wood had intercepted a wayward back-pass. Burnley, who had already lost Brazilian Vitinho to injury in a tepid first half, were forced to replace Ramsey and Hjalmar Ekdal early in the second. Sweden defender Ekdal went down during a goalmouth scramble and needed lengthy treatment before being stretchered off the pitch and replaced by Josh Cullen. Both Forest and Burnley tried to inject some urgency into their play, but Nathan Redmond’s shot veered off to the corner flag and Willy Bolly produced an air-shot with his shooting chance. Forest skipper Ryan Yates lifted the home crowd when he headed Elanga’s cross inches wide. But Amdouni, a 78th-minute replacement for Jay Rodriguez, volleyed home unmarked from Josh Brownhill’s headed flick-on to seal victory for the visitors. Fellow substitute Wilson Odobert had a golden chance to put the tie to bed moments later when he raced through on goal and although goalkeeper Matt Turner blocked his effort, Forest could not muster an equaliser. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live Rangers fail to qualify for Champions League after thrashing by PSV Eindhoven Rubiales’ behaviour inappropriate but leave FIFA to investigate – Ceferin Lukas Jensen the hero as Lincoln blunt Blades with shootout victory
2023-08-31 05:24
Burger hits go-ahead homer as White Sox beat Braves 6-5 for first win in Atlanta
Burger hits go-ahead homer as White Sox beat Braves 6-5 for first win in Atlanta
Jake Burger’s sixth-inning homer off Spencer Strider gave Chicago the lead, Andrew Benintendi drove in three runs with three hits and the White Sox beat the Braves 6-5 for their first win in Atlanta
2023-07-16 10:23
Isaiah Bolden lets Patriots fans know he's okay with post-injury tweet
Isaiah Bolden lets Patriots fans know he's okay with post-injury tweet
Isaiah Bolden tweeted out a message to New England Patriots fans to let them know he is fine.New England Patriots rookie cornerback Isaiah Bolden shared a message with us over social media on Sunday morning that everything is going to be okay after his scary injury.The Patriots' preseas...
2023-08-20 23:50
Stephen A. Smith Calls Daniel Jones 'Dude' Four Times in Five Seconds While Trashing Giants
Stephen A. Smith Calls Daniel Jones 'Dude' Four Times in Five Seconds While Trashing Giants
VIDEO: Stephen A. Smith trashes Daniel Jones and the Giants.
2023-10-03 23:54