United look certain to be the first Premier League club to break the ã100million barrier for commercial revenue alone. The most recent three-monthly accounts showed revenues rising to ã24million over the first quarter of the accounting year, and it is thought the second, up to 31st December, will be equally strong. A seven-figure sponsorship deal with worldwide logistics company DHL was also announced, the latest in a succession of similar deals that have helped boost United's commercial revenue to ã81million. United's new 'territory specific' approach to commercial opportunities, agreed with the Glazer family and implemented by commercial director Richard Arnold, has allowed the Old Trafford outfit to rapidly expand that area of club revenue. Even if United do not get to the ã100million mark this year, it is only a matter of time before they make it, emphasising just how popular the club remains as it pushes towards a record 19th league championship. Seems like revenue streams are increasing again which is good news for the club. Also Gill has stated: Gill has assured supporters that Ferguson will be provided with funds to help strengthen the squad. "One of the strengths of this club compared to others is that we get income from all revenue streams," said chief executive Gill. "Our match day revenue is around 40% of our overall turnover, we are part of a great competition in the Premier League that continues to grow and the commercial sector has gone up from 20% to 30%. "That will stand us in very good stead. They are all high margins and will continue to give us the money Sir Alex Ferguson needs to keep the club at the top. "There is a strong desire within our great supporter base for that to happen." http://www.skysports.com/story/0,19528,11667_6751738,00.html Also in more news Manchester United are ready to extend Dimitar Berbatov's contract for another two years, according to sources in his native Bulgaria. The 30-year-old's deal expires in the summer of 2012 and though it had been thought United were happy to wait until the summer before extending it, it appears an extension may be agreed within two weeks which would deliver a substantial increase on the striker's ã100,000 a week deal. Though Sir Alex Ferguson has declared that Berbatov should deliver away from home as well as at Old Trafford, he has also suggested that he is capable of 30 goals this season. http://www.telegraph.co.uk/finance/...09651/Manchester-United-moves-to-Mayfair.html The team behind Manchester United's lucrative international sponsorship deals is set to relocate to prime office space in Mayfair. Originally set up in Pall Mall, the operation has now become too large and club owners the Glazer family will be moving the 45 members of staff to alternative office space in central London, the Telegraph reports. Manchester United will pay rent of almost ã80 per sq ft for the 11,500 sq ft of property in the West End. Under commercial director Richard Arnold, the Premier League outfit's revenues have risen from ã42.5 million to ã80 million in the last three years. During 2009, the amount of revenue generated by the club increased to ã278.5 million, which was up eight per cent on the previous year. United currently top the Premier League table by four points, although Sir Alex Ferguson's side were beaten for the first time this season at Wolverhampton Wanderers last weekend. http://www.freeofficesearch.co.uk/OfficeSpaceNews.asp?NewsID=800394592&monthnameyear=February2011 THOUGHTS??
This should prove to the doubters that United are still making huge profits despite having a supposedly crippling debt, and that everyone knows that the money is there for players should SAF see it as needed.
Can't be true, we're crippled with debt which will see us disappear from existance according to the WUMs and ABUs.
Too much of a drag on our revenue growth. Arsenal's football revenue has hardly grown at all in Euro terms over the past four years. They've turned into a property development company with a football club tagged on. I think we're looking good going forward, and in an excellent position to meet the new FFP rules. The WUMs and ABUs can complain all they want, but the only reason we have made any losses over the past five years have been the goodwill write offs of around ã38 million a year since the Glazers took over. As they are not football related, they're not included under the FFP proposals. Now we've got the bond issue over and done with, we've got plenty of cash rolling around for future investment, as soon as SAF stops being so damn stubborn and actually accepts we may have to pay over the odds for someone in the current market...
