http://www.bbc.co.uk/news/business-17116060 http://www.mufplc.com/pdf/Q2 2012 Report.pdf Six month revenue up by £18.5 million to £175 million, EBITDA up by £5 million to £64 million, and operating profit up by £6 million to £44 million. Also debt down by around £70 million from £508 million to £439 million despite unfavourable currency movements causing the value of the debt to rise. So the increase in revenue over the first six months will likely offset the lost revenue from going out of the CL in the group stage. Another interesting highlight is that the club spent £8.2 million on upgrading facilities and adding to the property portfolio around Old Trafford. Which could mean we're buying more houses on Railway Road for future demolition in preparation for expanding the South Stand? Total employee numbers also went up from around 600 to almost 700, which is a big rise. Anyone any news on why this might be? Could be the new commercial division we're trying to set up to spread the brand around the world?
£3.7 million. Down from £10.8 million last year cos currency movements meant the value of the dollar bonds went up so we lost money on that. Confused pre tax profit with operating profit in the original post Good spot
I found this on the property purchase front: http://menmedia.co.uk/manchestereve...pays-82m-for-land-around-old-trafford-stadium More land - not the houses we really want.
Apparently we have employed 23 new tea/cake ladies, the rest I have no idea about. I would imagine trophy cabinet makers
I know you all hate the glazers and there is a common consensus your in bad financial shape but it isnt true. Yes you have too much debt but you are still the most sound financial club in england. You have a ridiculous operating profit and you also have low wages to turnover (although maybe this will change when the rooney deal filters through to other contracts).
