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- Man United reports Premier League-record revenues of $783.5 million
Man United reports Premier League-record revenues of $783.5 million
Thu, Oct 26, 2023
Soccer News (AP)
![Man United reports Premier League-record revenues of $783.5 million](images/news/man-united-reports-premier-league-record-revenues-of-7835-million-thursday-october-26-2023.jpg)
MANCHESTER, England (AP) - Manchester United reported revenues of 648.4 million pounds ($783.5 million) for the last financial year Thursday, a Premier League record.
The latest financial figures from United come at a time when British billionaire Jim Ratcliffe is reportedly ready to buy a 25% share of the English club from its American owners, the Glazer family.
Overall revenue is up by 11% compared to the previous year even though United competed in the Europa League and not the more lucrative Champions League. The club still reported a loss of 42.1 million pounds ($50.9 million).
United's wage bill for the period was down 52.8 million pounds ($63.8 million) to 331.4 million pounds ($400 million), which was attributed to "squad turnover" and the team's absence from the Champions League. Cristiano Ronaldo was among several highly-paid players to leave the club.
The report said no dividends had been paid to the Glazer family and other shareholders.
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AP soccer: https://apnews.com/hub/soccer
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