Manchester United – the next Liverpool?

Manchester United today announced its results for the last financial year.

While we all read about the high level of debt in the club, it’s not all bad news:

  • It made an Operating Profit of £1oom – the first English club to do so.
  • Turnover increased to £286m per annum. Manchester City’s turnover is £125m.
  • The club has £165m in cash.

However, all is not as it seems:

  • Wages increased by 7% to £132m per annum.
  • The level of debt has actually increased since last year.
  • The club made an overall loss of  £83.6m. This is the amount of money the club lost after paying the interest on its debt. The club must pay at least £40m every year in interest to its lenders.
  • The club owes over £769m in total.

So, do you think Manchester United could end up like Liverpool?

Do you think it will have to sell more players in order to help its financial position?

4 Responses to “Manchester United – the next Liverpool?”

  1. 1 Karl Benson October 14, 2010 at 8:41 pm

    good enough for them there crape

  2. 2 Christian October 18, 2010 at 8:02 pm

    Things are getting a bit scary for us especially with rumors going around in the media that Rooney wants to leave. Hopefully in the next couple of years we will be waving our hands goodbye to the Glazers and our debt.

  3. 3 michael loftus October 20, 2010 at 9:42 am

    man u could end up like liverpool but if we sell rooney we will have 110 mil and 100000 less to pay in salery so rooney leaving could be the best thing for the club.


  4. 4 Shane Reilly October 21, 2010 at 2:31 am

    I didn’t look at the Financial Statements yet so I may ne wrong in saying this. The 165m in cash may well be a very misleading figure, don’t forget that a recent bond auction brought in over £500m of capital to the club, so although 165m looks healthy on a balance sheet I wouldn’t put too much faith in the Financial stability of the club over the next one or two financial years.

    From the Rooney saga unfolding over the past 2 days I think it will become clearer that the Glazers will have no problem off-loading Rooney to the highest bidder come january. They don’t care about rivalrys, loyalty or success. To them, Rooney is an asset that can be sold to pay a few interest repayments.

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