Manchester United have published their financial report for the remaining quarter, which paints a very bright picture for the club..
On the one hand, the Chervoni devils have accumulated a record amount of money, and on the other hand, in a very long time they have made operational profits due to the radical approaches of the new kerivnitstva. For all intents and purposes, the Zagalny Borg Club increased up to 1.29 billion pounds sterling.
The operating account fell to an unprecedented 749.2 million pounds, which is 60 million more, although. A significant part of the price is the debt to other clubs for the transfer of players. Prote, as a financial tractor, the club reported an operating profit of 13 million pounds against a surplus of 7 million pounds for the same period last year.
This result was due to two key factors:.
Large-scale reduction of losses: INEOS company, under the leadership of Sir Jim Ratcliffe, carried out a restructuring, eliminating nearly 500 workers.. This allowed the salary fund to be reduced by 8.2%.
Sales of grave goods: Transfers played a key role in financial recovery. The club received 60 million pounds from the sale of the wingers - Anthony moved to the Spanish Real Betis, and won Alejandro Garnacho's club from sales to London's Chelsea.
The club's participation in European competition this season had a negative impact on revenues, which fell by 2% and amounted to ?140m for the quarter.. Through high loan repayments (21.4 million pounds), the club still recorded a net surplus before the loan amounted to 8.4 million pounds.
General Director Omar Berrada called these results proof of the club’s resilience:.
" The important decisions we have made in the rest of the country have led to the creation of a more effective organization that allows us to invest in the team in the long term,” said Omar.
In general, the club forecasts revenue in the range of 600–640 million pounds, putting hopes for sporting success in the other half of the season.