MU Income Declines, Debt Increases
Manchester – Failure to compete in the Champions League makes Manchester United recorded a decline in revenue at the end of 2014. At the same time also increased the amount of debt the club.
For the calculation period for three months to December 31, 2014, the amount of income MU is 105.7 million pounds. That number decreased by 12.2% over the same period last season.
MU lose money from their appearance in the Champions League and also the rights of the elite competition. Any rights of the Red Devils lost revenues of 28.4 million pounds, or approximately 36% of total revenue siarnya rights.
Although revenue decreased, the amount considered not as big as previously thought. That’s because MU reach agreement with the sponsors of the new Nigerian beverage companies and nutrition company from China.
“Although not berkaga in European competition this season, we still … strong revenue. In the field, the team is in a position to finish in the top four in the Premier League and we are excited by the end of this season,” said Vice President of MU, Ed Woodward , on the BBC.
When the amount of income is reduced, Manchester United’s debt has increased. In a period of three months to the end of December their debt increased from 356.5 million pounds into 380.5 million pounds.
MU is currently sitting in the top three Premier League standings. Although the performance is still not consistent, the squad made by Louis van Gaal is believed to be able to finish in the Champions League zone.