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Manchester United bid to overtake Real Madrid as world's richest club with annual income of £500m

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Manchester United have appointed a financial chief amid growing optimism at Old Trafford that the club will become the richest in the world within 12 months.

Cliff Baty has taken the newly-created post in a move United say was taken 'to meet the growing needs of such a rapidly growing business'. They are estimating record revenues of £500million for the coming year, thanks in no small part to their world record, £750m 10-year kit deal with adidas.

Should that come off, United are likely to overtake Real Madrid, who have topped Deloitte's rich list for the last 10 years. But it is 2016-17 which has got Old Trafford top brass even more excited. Because that is when the seismic effect of the Premier League's £5bn TV rights agreement will kick in.

The staggering deal will mean that even the side finishing bottom of the table will pocket £99m, with those at the top looking at around £150m.
And Sportsmail understands that it is with one eye on that windfall that United decided to bring former 45-year-old Ladbrokes and Sportech executive Baty,who is thought to have a 12-month notice period with his existing employers, to the club.

Read more: http://www.dailymail.co.uk/sport/football/article-3291398/Manchester-United-appoint-Cliff-Baty-new-financial-chief-aim-overtake-Real-Madrid-world-s-richest-club.html#ixzz3pmApiacb
 

Edited by Carravetta

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Recent sponsorship deals will see United clear the debt off in no time

Credit to the Glazers for getting big deals for sponsors

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Manchester United has reported that overall quarterly revenues to 30 September went up 39.3% to £123.6m.

The record revenues were boosted by sales of its new 2015-16 Adidas replica kit, and Champions League football.

The club expects overall revenue for the year to be between £500m and £510m. No club has exceeded £500m before.

The team are fourth in the Premier League, two points behind rivals Man City, and also top their Champions League group table after four games.

The Old Trafford club failed to qualify for Europe's premier club competition last season but its return to Champions League competition has seen a big leap in matchday and broadcast revenues.

In July 2014 it signed a record-breaking deal with Adidas, worth £750m over 10 seasons.

Club executive vice-chairman Ed Woodward said the revenues demonstrated "the continued strength of our businesses".

During the quarter, the club also brought the management of its Old Trafford Megastore in-house and signed a licensing deal with South Korean footwear brand Sbenu.
In total, four sponsorship deals were signed in the quarter, including a global deal with Marathon Bet.

Mr Woodward added: "During the quarter, we entered into an agreement with HCL to be our Digital Transformation partner, which will enable us to connect with our fans around the world in innovative ways and further strengthen and grow our commercial revenues."

Profit for the period was £5m, down 43.8% from the £8.9m figure a year previously.

The drop in profit was partly caused by a loss on player trading of £7.4m. There was a negative impact from the sales of players Angel Di Maria, Robin van Persie and Nani, which was partly offset by the profit made on the sale of Javier Hernandez.

That compared with a profit of £18.3m a year before - that sum being largely due to the sale of Danny Welbeck to Arsenal for £18m.

The EBITDA figure, which indicates the underlying profitability of a company, was up more than 100% to £41.6m.

The club also confirmed it had approved a quarterly cash dividend shareholders of $0.045 per share, a move which will see the six Glazer children, who own the club and about four-fifths of the club's shares, paid millions of dollars in dividends annually.

Despite their strong start to the season, there have been complaints from some fans and former players that the club's current possession football is less exciting in comparison with the more attacking sides of the past.

http://www.bbc.co.uk/news/business-34797243

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Admin

This is stupid money,  surely they can reduce the ticket prices do ordinary folk can watch.  

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Admin

It's a shame really.  I haven't been to a game for ages,  it's just too expensive.  I'd rather go out for a meal with the missus than spend 60 quid on two tickets to watch boro.  Probably get better entertainment in the restaurant that at the ground too haha.  

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Hardly surprising. Our Adidas and Chevrolet deals are record breakers on their own, let alone the ever-increasing TV and prize monies. That income will surely only increase as we improve on the pitch too. Exciting times for us as a club

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2 hours ago, redblood said:

I believe the debt will soon be a thing of the past with the level of income coming into the club

What's it at now, like £300m?

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