Sunday, October 17, 2021

Manchester United Financial Results: Ed Woodward “More Confident Than Ever” As Club Announces £ 36.9 Million Loss | Football news

- Advertisement -

Must read

Manchester United posted an operating loss of £ 36.9 million last season due to the impact of Covid-19.

In their previous annual results, the Old Trafford giants’ revenue fell from 627.1 million pounds to 509 million pounds, figures that incorporated just a three-month hit from the coronavirus pandemic.

The economic ramifications continued into the year ended June 30, 2021, with United’s revenue falling to £ 494.1 million.

Sunday, September 19 1:00 p.m.

Start 2:00 pm

The net loss of 92.2 million pounds, an increase of 297.4 percent from 23.2 million pounds in 2020, was largely due to the accounting impact of a non-cash tax charge of 66.6 million. pounds.

Net debt fell from £ 474.1 million to £ 419.5 million year-on-year, thanks in large part to seasonal subscription income and favorable exchange rates.

Participation in the Champions League was one of the key reasons that salaries increased 13.6 percent to 322.6 million pounds.

Cristiano Ronaldo celebrates after the first of his two goals (AP)
Image:
Cristiano Ronaldo’s homecoming has been a huge boost for Manchester United

United Executive Vice President Ed Woodward said: “It has been an exciting start to the season at Old Trafford, with a great number of people present for the first time in almost 18 months.”

“We are delighted to welcome Cristiano Ronaldo back to the club, along with Raphael Varane, Jadon Sancho and Tom Heaton, to further reinforce the progress our first team has been making with Ole.

“This was made possible by the strength of our operating model, with a sustained investment in the equipment supported by strong commercial income.

“All those associated with Manchester United can be proud of the resilience we have shown through the challenges created by the pandemic, and we look forward to the remainder of the season and beyond with great optimism.”

Ole Gunnar Solskjaer
Image:
Ole Gunnar Solskjaer is off to a good start at the national level, but his team struggled on his return to the Champions League

United are reeling from Tuesday’s shocking 2-1 loss to Young Boys in their first Champions League game, but are on top of the Premier League and Woodward is confident that Ole Gunnar Solskjaer’s side you are on the right track.

“We have been clear in our strategy to build a team with a combination of top-class recruits and local talent, comprising a balance of youth and experience, with the aim of winning trophies and playing Manchester United-style attacking football.” , Woodward will brief investors in a call Friday afternoon.

“As part of this, we have continued to strengthen our recruitment and exploration processes, and we have also increased our investment in academia to ensure this success is sustainable.

“While squad formation is an ongoing process, we are more confident than ever that we are on the right track.”

Do Not Miss

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Watch out Clemson, here comes UConn

0
The University of Connecticut won a football game.Has it been 721 days since the last time it happened? Yes. Did the victory...

Public Relations Icon Max Edralin Jr .; 89

0
Maximino J. Edralin Jr. Maximino J. Edralin Jr., one of the few remaining pioneers in journalism and public relations in the country, died on Friday,...

El lado oscuro del bienestar: la superposición entre el pensamiento espiritual...

0
I.Era la tarde del 4 de julio de 2020 y Melissa Rein LivelyEl video estaba a punto de volverse viral. Una ejecutiva de...

Some Accused of Capitol Riots Resign Lawyers

0
Some of the defendants in the assault on the United States Capitol are rejecting defense attorneys and choosing to represent themselves, undeterred by their...

Sunday Night Football DraftKings Picks: NFL DFS Lineup Tips for Week...

0
The Steelers host a squad of Seahawks hit in Week 6 Sunday Night Football. Not only will the Seahawks be without quarterback Russell...

Directors Expect Their Big Break More Than Men, Report Reveals |...

0
Television documentary teams in Britain today are filled with ambitious and capable women, but most of them have to wait much longer than their...

Haiti: 17 US missionaries kidnapped in Haiti, authorities say

0
Up to 17 Christian missionaries from the United States and their families, including children, were abducted Saturday by a gang in Port-au-Prince as they...

Benefiting from the Comprehensive Agrarian Reform Program

0
(First of two parts) "...As a country advances in economic development, agriculture contributes proportionally less to national production compared to other sectors of the economy....

How AI is helping make breast cancer history – TechCrunch

0
Thomas clozel Taxpayer Thomas Clozel, MD., is co-founder and CEO of Owkin, former assistant professor of clinical onco-hematology at Hôpital Henri-Mondor in Paris, and former member...

UK government considers urgent changes to ‘close’ security gaps for MPs

0
The UK government said on Sunday it was urgently seeking to "close" security gaps for MPs, with measures such as police protection during constituent...

Pregnant Women at Risk from Conflicting Messages from Health Professionals About...

0
Some health professionals are advising pregnant women not to get the Covid vaccine despite an edict of the NHS that should encourage them to...

Rangers’ Alexis Lafrenière scores the winning goal against his hometown Canadiens

0
After a stint in the United States, Alexis Lafrenière made his return to Canada a good one. Playing for the first time in his hometown...

I’m sad at work and I don’t know what to do...

0
The question I am 37 years old, have a lovely husband and a wonderful son, and a job in the creative industries. The...

Turkey’s Erdogan Says They Are In Talks With US To Buy...

0
A Turkish Air Force F-16 plane (Reuters file photo)ISTANBUL: Turkish President Recep Tayyip Erdogan said on Sunday that his country...

Volunteers in the sky monitor migrant rescues by sea

0
ABOARD THE SEA (AP) - As dozens of African migrants crossed the Mediterranean Sea in a flimsy white rubber boat, a small aircraft circling...

Analysis: Median salary for CEOs of US tech startups that went...

0
Eliot Brown / Wall street journal: Analysis: Median salary for CEOs of US tech startups that went public in 2020 was...

The debilitating effects of the prolonged Covid have just started to...

0
TThe impact of the pandemic on our economy as we try to reopen is high on the agenda, with ships on the wrong side...

UFC News: Full UFC 269 Card Revealed During UFC Fight Night...

0
During the UFC Fight Night: Ladd vs Dumont livestream, the promo revealed the full undercard for UFC 269. The event, which is scheduled for...

Thousands of people demonstrate in the capital of Sudan to demand...

0
Thousands of pro-military protesters have demonstrated in central Khartoum, vowing not to leave until the government dissolves in a threat to Sudan's transition to...

Fantasy Injury Updates: Latest News on Antonio Gibson, Joe Mixon, D’Andre...

0
No, this is not a repeat of last week: Antonio Gibson, Joe Mixon and D'Andre Swift are all "questionable" (and expected to play) heading...

The observer’s point of view on a united approach of the...

0
Imagine yourself trapped at night in a frozen forest between Poland and Belarus. There is no shelter, no food, no heat. If...

Fantasy Injury Updates: Latest News on TJ Hockenson, Allen Robinson, Kadarius...

0
One star TE (TJ Hockenson) and two WR3s (Allen Robinson and Kadarius Toney) are all "questionable" heading into Week 6 games, which is sure...

Concern about jab delay for pupils in England as age group...

0
Ministers face lawsuits to allow younger teens to attend Covid vaccination centers, amid concerns that vaccination rates among this age group are three times...

BMW left to play catch-up with electric cars after pioneering charge

0
On the scene of BMW's all-electric i3 launch in 2013, Herbert Diess claimed that the company had "completely redesigned mobility." The model, one...

Nate Diaz clicks selfies with fans outside of Mikey Garcia vs...

0
Nate Diaz visited the Mickey Garcia vs. Sandor Martin boxing match at Chukchansi Park in California on Saturday. The Stockton native was seen...

China’s energy crisis threatens prolonged disruption to the global supply chain

0
Factory owners in China and their customers around the world have been told to prepare for power outages to become a part of life...

The Joy of Little Things by Hannah Jane Parkinson Review –...

0
I.In 2018, when things were looking bleak, both in her personal life and in the world at large, journalist Hannah Jane Parkinson began writing...

Hollywood strike averted after unions and producers reached a last minute...

0
An eleven-hour agreement between the producers and the union representing 60,000 film and television workers has prevented a strike that threatened to cause widespread...

Charities and aid groups in Haiti have been marked by scandals...

0
Over the past decade, the international community has sent more than $ 13 billion in aid to Haiti, but the lives of the majority...

Polygenic screening of embryos is here, but is it ethical? |...

0
The birth of the first IVF baby, Louise Brown, in 1978 provoked a media frenzy. In comparison, a little girl named Aurea born by...

Nate Díaz visits Mikey García in the locker room after the...

0
Nate Diaz visited Mikey Garcia in the locker room after his shocking loss to Sandor Martin. Garcia returned to boxing after a two-year...

Who is David Baker? What was your role in the...

0
David Baker has announced his retirement as president of the Professional Football Hall of Fame after eight years in office.Baker was president and CEO...

Fabulous game rooms that tickle us

0
Imagine being a child at a time of a raging pandemic: when playtime is mostly limited to the four walls of the house, when...

Gordon Brown Urges Emergency Air Transport of Covid Vaccine to Africa...

0
More than 100,000 lives can be saved in Africa by undertaking the emergency airlift of 240 million unused vaccines in the next fortnight, urged...

Heavy rains and landslides kill 19 in Kerala, India | ...

0
The worst affected districts of Kottayam and Idukki suffer deadly landslides as torrential rains hit villages and flooded roads.At least 19 people died a...

Austin Riley, the hero of the Braves in Game 1 of...

0
Austin Riley was the hero of the Atlanta Braves in their 3-2 win over the Los Angeles Dodgers in Game 1 of the National...

When is the Minecraft 1.18 Caves and Cliffs update coming out?

0
One of the most important updates in the history of Minecraft was divided into two parts. The first part of the Caves and...

Australia’s Melbourne prepares to end the world’s longest lockdowns | ...

0
The Australian city of Melbourne, which has spent more time under COVID-19 closures than any other city in the world, is set to lift...

Apple’s privacy changes create windfall profits for its own advertising business

0
Apple's advertising business has more than tripled its market share in the six months after introducing privacy changes for iPhones that prevented rivals, including...

Where is Mikey Garcia going after a surprising loss to Sandor...

0
Mikey Garcia had big plans for his future, with fights against the likes of Devin Haney and Regis Prograis. All he had to...

‘Fever Dream’: This psychological horror movie is # 1 on Netflix...

0
As we've repeatedly documented, the lucrative 2021 movie and book adaptation train continues to move forward, fueled by our relentless need for new streaming...

Cowboys quarterback depth chart: Cooper Rush, Will Grier are Dallas substitutes...

0
The Cowboys are playing as a contender in five games in the 2021 NFL season. Dak Prescott has returned from a season-ending leg...

Pro-military protesters appear for the second day in the Sudanese capital...

0
Hundreds of pro-military Sudanese protesters demonstrated for a second day in Khartoum on Sunday, exacerbating what Prime Minister Abdalla Hamdok called the "worst and...

Packers vs Bears: Injury Report and Starting Lineup – Oct 17

0
The Green Bay Packers will travel to Soldier Field to face the Chicago Bears. Packers vs. Bears is the oldest rivalry in...

Week 8 College Football Playoff Image: Iowa Loss Creates Fourth Team...

0
Believe it or not, there are only a few weeks left in the 2021 college football regular season. Annoyances and turmoil have been a main...

A shooting in Syria could mark a new phase in the...

0
JERUSALEM (AP) - The death of a former Syrian Druze legislator, allegedly from Israeli sniper fire, could mark a new phase in Israel's war...

Up to 17 US Missionaries and Family Members Kidnapped in Haiti:...

0
Up to 17 American Christian missionaries, including children, were abducted in Haiti on Saturday, according to US media reports citing...
- Advertisement -

Don't Miss