News24

Man U's cash reserves halved

2012-05-17 15:43

London - Manchester United's cash reserves have been halved within the space of three months, the cost of exiting Europe early, wage increases and Old Trafford's redevelopment.

Quarterly accounts show they dropped from £50.9m at the end of 2011 to £25.6m by March 31. The figure had stood at £150.6m at the end of 2010.

United were deposed as Premier League champions by Manchester City on Sunday and eliminated from the lucrative Champions League at the group stage.

But United remain English football's biggest moneymaker, with commercial revenue rising 15% to £27.3m year-on-year. Wages rose 9 percent year-on-year to £112.4m.

Debt dropped to £423.3m.

SAPA

Comments
  • louis.langenhoven - 2012-05-17 16:34

    am I correct to think ManU hasn't win a thing this year?

      Jono - 2012-05-18 11:20

      Not just that...they keep moaning about all the money city spent to win the league and bla bla bla...but the only reason for that is, because they jealous they dont have any money to spend!!!??? YNWA

      Bob - 2012-05-18 14:53

      Louis, 100% correct mate, I think you can safely say the same this time next year and the year after and the year after that, long may it continue.

  • aidan.w.naude - 2012-05-18 16:32

    really this makes me cry.... for joy

  • pages:
  • 1