Tom
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http://www.bbc.co.uk/news/business-11499023
All is rosey 
Manchester United has reported an annual pre-tax loss of £79.6m, hit by one-off finance charges and reduced revenues from the sale of players.
The loss for the 12 months to 30 June compares with a profit of £48m for the year before, when revenues were boosted by the £80m sale of Cristiano Ronaldo.
The club's one-off finance charges during the past year totalled £67m. It also paid £40m in interest payments.
Manchester United's overall annual turnover increased to £286.4m.
The £40m spent on interest payments was the same as a year earlier.
Operating profit - which does not include the cost of servicing the club's debts - also rose, reaching £100.8m, compared with £92m a year earlier.
The one-off finance charges are linked to Manchester United's £504m bond issue back in January, which enabled the club to pay back most of its bank debt.
While it has to pay a similar level of annual interest on the bonds, the move freed the club from the tougher financial conditions imposed by the banks.
Fan protest
Manchester United was bought by the US-based Glazer family for £800m in 2005.
Critics say the family has saddled the club with massive debts, and this has led to protests by supporters' groups.
Many fans are continuing to boycott the team's traditional red shirts and scarves, and instead wearing green and gold, the original colours of Newton Heath, the amateur side which was founded in 1878 and went on to become Manchester United.
A group of wealthy Manchester United supporters known as the Red Knights also proposed making a takeover bid.
However, they put this on hold in June, saying media speculation of "inflated valuation aspirations" had hampered their plans, and that they would only pay a sensible price for the club.
Officials at Manchester United have constantly reiterated that the club is not for sale, and that the Glazer family would not listen to any offers.
[Edited on 08-10-2010 by Tom]
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mwg
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Registered: 19th Feb 04
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Be reet.
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Whittie
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Shame you havn't got a spare Ronaldo to sell.
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strick206
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So that included a massive one off payment which has pretty much accounted for all of the loss?
100 million operating profit, when that figure starts to become a loss is when united will be in trouble
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strick206
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quote:
Originally posted by Whittie
Shame you havn't got a spare Ronaldo to sell.
We have, give him 3 years and hernandez will be ronaldo 
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mwg
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From United site it all seems a bit rosier
Overview of Fourth Quarter and Year to Date
MU Finance plc has announced the results of the Red Football Limited group (RFL) for the fourth quarter and financial year ending 30 June 2010. The report summarises RFLs financial and operating performance for the three months from 1 April 2010 to 30 June 2010 as well as the audited results for the 12-month period from 1 July 2009 to 30 June 2010.
In summary:
High level of team performance on the pitch
FA Premier League (FAPL) runners-up
UEFA Champions League (UCL) quarter-finalists
Carling Cup winners for the second season in a row
Eliminated from FA Cup in 3rd round
Continued investment in the playing squad
Chris Smalling signed from Fulham FC
Javier Hernandez signed from Chivas Guadalajara
Tiago Manuel Dias Correia (Bebe) signed from Vitoria de Guimarγes
New, long-term contracts signed with several key players
One-year extensions agreed with key senior squad members Edwin van der Sar, Ryan Giggs, Paul Scholes and Gary Neville
Year on year revenue growth of 2.9% from £278.4m to £286.4m
Matchday revenues decreased 7.9% from £108.8m to £100.2m
- One less UCL home game played in 2010 compared with 2009 (2009 UCL semi-final)
- 2009 matchday income benefitted from playing in the 2009 UCL final
- One less home and three fewer away domestic cup games played in 2010
Media revenues increased 5.1% from £99.7m to £104.8m
- Minor increase in FAPL distributions in the final year of the three-year agreement
- Increase in UCL media distributions from the first year of the new three-year agreement
- Underlying increases offset by lower revenue following UCL playing performance
- 2009 income benefited from the FIFA World Club Cup & UEFA Super Cup competitions
Commercial revenues increased 16.5% from £69.9m to £81.4m
- Impact of full season income recognition on deals signed in 2008/09
- Additional commercial partners signed in the twelve months to 30 June 2010
- c. 50% growth in revenue from commercial partners (excluding Kit & Shirt)
- Partial recognition of cumulative profit share associated with Nike partnership
Year-on-year EBITDA growth pre-exceptional items of 9.4% from £92.1m to £100.8m
EBITDA margin of 35.2% for the year to 30 June 2010 compared with 33.1% for the year to 30 June 2009
Strong balance sheet
Net assets of £777.2m
Cash balance of £163.8m
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Whittie
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quote:
Originally posted by strick206
quote:
Originally posted by Whittie
Shame you havn't got a spare Ronaldo to sell.
We have, give him 3 years and hernandez will be ronaldo
Yes and Poulson is our new Torres
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Nath
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Man Utd losing money is irrelevant. It has no bearing on anything.
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Hammer
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They'll cash in on Bebe in the January window.
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Ben D
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You'd think they'd use some of that 'Cash balance' to pay off some of the debt and save on interest payments? no 
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Jamescorsa97
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who cares if liverpool get deducted 9 points 
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Tom
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quote:
Originally posted by Jamescorsa97
who cares if liverpool get deducted 9 points
Judging by your location, you're a manc right?
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strick206
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quote:
Originally posted by Ben D
You'd think they'd use some of that 'Cash balance' to pay off some of the debt and save on interest payments? no
Not really, if the Glazers and the club are happy with the amount of debt and the levels they are paying it, keeping that cash balance aside is a good thing, means the club has the cash flow and also the ability to sepdn if fergie decides to buy anyone that isn't 18months old
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mwg
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We have no money though apparently as we are always told
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strick206
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quote:
Originally posted by mwg
We have no money though apparently as we are always told
Yep that's true, still spent 30 million this summer but we are skint
Add that to new contracts for our bigger players (i imagine rooney is next once he sorts his fecking head out)
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Marc
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Registered: 11th Aug 02
Location: York
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Would be a Liverpool fan posting
You have relegation and administration hanging over you.
Not foregetting the ever expanding wait for the league title. Still haven't won the PL either. Differant trophy, differant league 
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