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Manchester United have announced record revenues of £648 football
4m for the last financial year and expect to bring in even more revenue this season football
But they made a net loss of £28 football
7m, despite cutting their wage bill by £52 football
8m – partly because they were not in the Champions League but also for a season when the best-paid player, Cristiano Ronaldo, left part way through the campaign – after expensive transfers football
Their accounts cover a 12-month period ending on 30 June, in which they signed Mason Mount this summer but also made the expensive purchases of Casemiro, for £63m, and Antony, for £86m, in 2022 football
United paid out £331 football
4m in salaries to their players last season, a sum that is likely to rise for the current financial year because salaries are raised when they are competing in the Champions League football
With the added income of playing in Europe’s premier continental competition, United anticipate a revenue of football between £650m and £680m this year football
United also said that, for the first time since 2016, no dividends were paid to the owners, the Glazer family football
The club’s debt remains at £538m while they also owe an additional £106m with a revolving credit facility football
United paid £21 football
4m in net finance costs over the 12 months – down £40 football
8m, partly due to a change in exchange rates football
United’s broadcasting revenue dropped £5 football
8m last season as they counted the cost of playing in the Europa League, a consequence of a sixth-place finish in the Premier League in 2021/22 football
But their commercial revenue reached a new high of £302 football
9m, up £45 football
1m, which was driven by a £41 football
6m rise in sponsorship income football
United have since signed a 10-year £900m kit deal with Adidas, which is likely to lead to a further increase in commercial revenue football
United’s matchday revenue also went up by £25 football
9m to £136 football
4m, aided by a host of home games during their runs to the FA and Carabao Cup finals football
For much of the last year, United have been for sale, with Sir Jim Ratcliffe and Ineos expected to take a 25 per cent stake in the club football
More aboutManchester UnitedPremier LeagueChampions LeagueSir Jim RatcliffeJoin our commenting forumJoin thought-provoking conversations, follow other Independent readers and see their repliesComments1/1Man Utd project record revenues ahead of Ratcliffe investmentMan Utd project record revenues ahead of Ratcliffe investmentBritain football Soccer Man United BiddersCopyright 2023 The Associated Press football
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Eddie Howe had admitted the hardest part is yet to come for Sandro Tonali after watching him play a cameo role in Newcastle’s 4-0 Premier League victory over Crystal Palace football
The 23-year-old Italy international, who could face a lengthy ban if he is found to have breached football betting rules by an ongoing investigation in Italy, was applauded warmly by the Toon Army before, during and after Saturday’s game at St James’ Park football
Tonali and his club do not yet know when he will discover his fate, but head coach Howe is convinced the support he has received to date will help him whatever comes his way football
Howe said: “Let’s wait and see, but yes, I think the hardest part is ahead regardless of what happens football
“Immediately, you get a lot of attention and people are talking about the situation football
He’s had the love of the supporters today, but that’s difficult to maintain over a long period of time football
Who knows what’s ahead?“I just think it’s great for him to know he’s got the support, not just of the senior management at the football football club and the manager, but also the support of the supporters and they’re the most important people football
”Tonali was introduced as a 69th-minute replacement for Bruno Guimaraes with the Magpies already four goals to the good in what could conceivably be his final game for several months if he is found to have broken the rules and is suspended football
Whether he is able to be involved in Wednesday night’s Champions League clash with Borussia Dortmund on Tyneside remains to be seen, but whichever team Howe sends out will kick off brimming with confidence after a comprehensive win over the Eagles football
Jacob Murphy set the ball rolling with a fourth-minute lob which owed a great deal to good fortune – Palace boss Roy Hodgson described it as a “freak” goal – and further strikes from Anthony Gordon and Sean Longstaff before the break and Callum Wilson after it wrapped up the points with the minimum of fuss football
Howe said: “It was a really important game today football
It can’t be underestimated how tough those games are because you don’t have a full squad, we’re having to manage players who have travelled a long way and had a big mental load for their countries football
“So I’m really pleased with the players’ response to that because these are very tough games football
“Crystal Palace don’t concede many goals football
We knew the first goal today was going to be really, really important and thankfully we got it quite early football
”There's nothing really positive to say from our point of viewCrystal Palace boss Roy HodgsonHodgson’s emotions were understandably different after his best-laid plans were ripped apart before the break football
He said: “We came here thinking and believing that we could give Newcastle a good game and maybe even make life a little bit difficult for them, but we fell woefully short in that department football
“The first half was really nowhere near what we’ve been able to do up to now and what I thought we would still do despite the fact that this is a tough ask against such a good team because they are a hard team to defend against football
“But it didn’t work out and at half-time, we were just looking really at salvaging something from the game and not going away totally and utterly dejected because we’d conceded even more goals than the four we conceded football
“There’s nothing really positive to say from our point of view football
”More aboutEddie HoweSandro TonaliNewcastle UnitedJoin our commenting forumJoin thought-provoking conversations, follow other Independent readers and see their repliesComments1/1Howe opens up on ‘hardest part ahead’ for TonaliHowe opens up on ‘hardest part ahead’ for TonaliNewcastle midfielder Sandro Tonali (right) was applauded warmly before, during and after Saturday’s 4-0 Premier League win over Crystal Palace (Owen Humphreys/PA)PA Wire✕Subscribe to Independent Premium to bookmark this articleWant to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today football
SubscribeAlready subscribed? Log inMost PopularPopular videosSponsored FeaturesGet in touchContact usOur ProductsSubscribeRegisterNewslettersDonateToday’s EditionInstall our appArchiveOther publicationsInternational editionsIndependent en EspañolIndependent ArabiaIndependent TurkishIndependent PersianIndependent UrduEvening StandardExtrasAdvisorPuzzlesAll topicsfootball BettingVoucher codesCompareCompetitions and offersIndependent AdvertisingIndependent IgniteSyndicationWorking at The IndependentLegalCode of conduct and complaintsContributorsCookie policyDonations Terms & ConditionsPrivacy noticeUser policiesModern Slavery ActThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inCloseUS EditionChangeUK EditionAsia EditionEdición en EspañolSubscribe{{indy football
truncatedName}}Log in / Register {{#items}}{{#stampSmall}}{{/stampSmall}}{{#stampClimate}}{{/stampClimate}}{{#stampPremium}}{{/stampPremium}}{{title}}{{#desc}}{{desc}}{{/desc}}{{#children}}{{title}}{{/children}}{{/items}}Indy100Crosswords & PuzzlesMost CommentedNewslettersAsk Me AnythingVirtual EventsVouchersCompare✕Log inEmail addressPasswordEmail and password don't matchSubmitForgotten your password?New to The Independent?RegisterOr if you would prefer:SIGN IN WITH GOOGLEWant an ad-free experience?View offersThis site is protected by reCAPTCHA and the Google Privacy notice and Terms of service apply football
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