Former Liverpool suitor joins ex-Manchester United legends by buying 50 per cent of Salford City FC September 22, 2014 Peter Lim, the Singaporean businessman who once tried to buy Liverpool, has agreed to buy a 50 per cent stake in Salford City FC from the “Class of ‘92” group. The “Class of ‘92” – made up of former Manchester United players Gary and Phil Neville, Ryan Giggs, Paul Scholes and Nicky Butt – [...]
Leicester City defeat marks Manchester United’s worst start to a Premier League season September 22, 2014 For all the trials, tribulations, depressing days and unwanted records that have come Manchester United's way over the last 12 months or so, this afternoon’s collapse at Leicester City may well be the nadir. It all started so well. Robin van Persie and Angel di Maria swept the Red Devils into a two-goal lead [...]
Leicester City beat Manchester United 5-3 despite spending £155m less in the transfer window September 22, 2014 Money can't buy you love, but it can buy glory in football. Unless, it seems, you are Manchester United, who are suffering their worst start to a Premier League season after a harrowing 5-3 reverse at the hands of Leicester City. That's five points from five games, after a huge summer spend. In terms of both [...]
Arsenal beer price: Fans spend more on pint of beer than Liverpool, Manchester United and Chelsea followers September 11, 2014 Arsenal fans must pay more for a pint of beer than any of their Premier League rivals, with pints at the Emirates Stadium priced at £4.30. Supporters at Anfield, meanwhile, can enjoy a drink for £1 less when toasting the Reds' latest exploits. Manchester United and Manchester City also pay under £4 for a pint, [...]
As Manchester United projects falling profits, will its big spending on players restore its fortunes? September 10, 2014 Trevor Birch, a partner at BDO and former chief executive of Chelsea Football Club, says Yes. The club is a commercial phenomenon in footballing terms. It’s just reported annual revenues of £430m, increasing commercial revenues by £135m since 2007. It generates astonishing positive cashflow and, as a self-financing business model, continues to be almost untouchable [...]
Manchester United is a commercial phenomenon – and will remain so September 10, 2014 Manchester United FC is a commercial phenomenon in footballing terms. It has just reported annual revenues of £430m and increased commercial revenues by £135m since 2007 – a staggering achievement. It generates astonishing positive cashflow and, as a self-financing business model, remains almost untouchable in the football industry, certainly in the UK. Where the club has [...]
Manchester United share price drops as Ed Woodward refuses to rule out January signings September 10, 2014 Manchester United's share price fell three per cent in early trading on the New York Stock Exchange, suggesting investors are not immediately impressed with the club's record annual revenue of £433m. Manchester United reported strong financial results this morning, with the club's various revenue streams boosted by multiple new sponsorship deals and increased income [...]
Manchester United chairman Ed Woodward hails potential of US market September 10, 2014 Manchester United executive vice chairman Ed Woodward believes the club are in a strong position to capitalise on the growing popularity of football in the US. During their pre-season tour of the country this summer, United set a new national attendance record for a sporting event, attracting 109,310 to their friendly against Real Madrid at [...]
Manchester United finances: Club announce record revenues despite seventh-placed finish September 10, 2014 Manchester United may have endured a turbulent time on the pitch last season, but off it, they continued to make remarkable progress. The club released their financial accounts for the 2013-14 season today, which revealed a mammoth total revenue of £433.2m, a 19 per cent increase on last season's £363m. United's struggles on the pitch culminated [...]
How Manchester United and Chelsea showed loaning is the new buying for Premier League clubs September 10, 2014 So the window has slammed shut on the latest football transfer extravaganza. Well perhaps not so much slamming, more flapping shut with the deals that seemed to conclude after the deadline had passed. How do we all feel? I think we’re left with a sense of shock, amazement and bewilderment at the sheer [...]