United Finances

Discussion in 'Manchester United Forum' started by VanGaalEra, Feb 8, 2018.

  1. Feb 8, 2018
    #1

    VanGaalEra Full Member

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    Ed's been on the blower to everyone today swinging around how big a nob we've got. Anyway, some of the highlights:







    Watch this space :drool:













  2. Feb 8, 2018
    #2

    SirAF Ageist

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    "Watch this space" He loves that phrase :drool:
  3. Feb 8, 2018
    #3

    VanGaalEra Full Member

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    [​IMG]
  4. Feb 8, 2018
    #4

    Nick. Full Member

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    I don't know much abput how this works but I would reporting losses is a strictly bad thing right? Or am I missing sonething?
  5. Feb 8, 2018
    #5

    SirAF Ageist

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  6. Feb 8, 2018
    #6

    deafepl Full Member

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    Tax accounting write off of £48.8 million what? Debt?
  7. Feb 8, 2018
    #7

    M Bison Full Member

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    There was something similar reported about the tax reforms negatively impacting FB too which i couldnt find the detail on too.
  8. Feb 8, 2018
    #8

    Rozay Not good at posting fixture lists

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    The stuff about media interactions, retweets and thenrest suggests to me that there may indeed be some attention given to prolonging media interest/build-up in a deal and creating hype train.
  9. Feb 8, 2018
    #9

    SirAF Ageist

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    United's explanation:

  10. Feb 8, 2018
    #10

    Pexbo has never watched Star Wars

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    I assume that's what it means. They were managing the debt levels for a beneficial tax rate, I assume that they've paid off some of that debt now to balance the books to the new tax rate.
  11. Feb 8, 2018
    #11

    jojojo Moderator Staff

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    That terminology is usually something to do with depreciation/amortisation. Maybe something to do with how transfer fees are shown across a contract?
  12. Feb 8, 2018
    #12

    vi1lain caf sexpert

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    It'll be used to help negotiate contracts for players, and could help us set ourselves aside from the competition - particularly for elite players.

    Think image rights; not only will we pay a competitive wage but a players' individual brand will improve by associating with us, therefore they have more control of their sponsorship, branding, marketing etc.
    We can use that to negotiate a lower salary/bonus but more engagement with our social media, therefore more exposure, which means more money that goes directly in their pockets.

    Same thing can be applied to new sponsors, particularly the larger ones, or upcoming wonderkids for example who are looking to become the next big thing.

    Social media interactions = $$, it's very good that we are at the top.
  13. Feb 8, 2018
    #13

    prateik Full Member

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    I cant picture Woody talking about Jesse's instagram takeover. What a weird thing to be talking about.
  14. Feb 8, 2018
    #14

    SirAF Ageist

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    40m hits.
  15. Feb 8, 2018
    #15

    Hojoon Full Member

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    More clicks means more visibility and more sponsors are willing to pay.
  16. Feb 8, 2018
    #16

    vangagal New Member

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    If only Woodward was given more prominent role back at 06 instead of Gill right at the moment we rose to the top. He will salivated the imagine of $$ he will more generated with the amount of succes we had on the field from that time. Still it was a succes commercial revenue at that time thou
  17. Feb 8, 2018
    #17

    SirAF Ageist

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    Imagine how a CL win would be spun today :drool:

    Only a matter of time!
  18. Feb 8, 2018
    #18

    Red Katie The least positive person in match threads ever

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    I want to be Ed's friend :drool:
  19. Feb 8, 2018
    #19

    coolredwine lameredboots

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    Exactly. These are the results when we have been at our bottom. Imagine the days when we win PL/CL or both.
  20. Feb 8, 2018
    #20

    United_We_Stand Full Member

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    For fiscal 2018, Manchester United continues to expect:

    • Revenue to be £575m to £585m.
    • Adjusted EBITDA to be £175m to £185m.


    Key Financials (unaudited)

    £ million (except (loss)/earnings per share)

    Three months ended Six months ended
    31 December 31 December


    2017 2016 Change 2017 2016 Change
    Commercial revenue 65.4 66.8 (2.1%) 145.9 141.1 3.4%
    Broadcasting revenue 61.6 52.5 17.3% 99.7 81.6 22.2%
    Matchday revenue 36.9 38.6 (4.4%) 59.3 55.4 7.0%
    Total revenue 163.9 157.9 3.8% 304.9 278.1 9.6%
    Adjusted EBITDA1 67.8 69.0 (1.7%) 104.4 100.2 4.2%
    Operating profit 28.7 37.6 (23.7%) 43.9 43.8 0.2%

    (Loss)/profit for the period (i.e. net (loss)/income) 2 (29.0) 17.5 - (21.1) 18.7 -
    Basic (loss)/earnings per share (pence) (17.71) 10.69 - (12.87) 11.40 -
    Adjusted profit for the period (i.e. adjusted net income)1 15.1 17.4 (13.2%) 21.3 18.2 17.0%
    Adjusted basic earnings per share (pence)1 9.23 10.63 (13.2%) 12.99 11.07 17.3%

    Net debt1/3 328.6 409.3 (19.7%) 328.6 409.3 (19.7%)

    [​IMG]
    Last edited: Feb 8, 2018
  21. Feb 8, 2018
    #21

    vangagal New Member

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    That would take over all media coverage all over the summer time i imagine.
    Next i hope he renegotiate our sponsorship deals. 75mil a year seems a low amount now :lol:. And our adidas deal like what? 90 or 100mil a year? One can hope Ed will double or triple that. With Adidas walk off from Milan and our reemergence value in South America with Sanchez i can imagine the possibility.
  22. Feb 8, 2018
    #22

    D4X73r New Member

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    Woodward would have brought us to a position (financially), where other clubs need the backing of an oil state just to compete for a squad-player.
    Neymar and Messi would have moved to our club in the same summer, Veratti and Griezmann too would be ours. We would be a money-driven powerhouse, who is cherry picking players from clubs like Real, Barca and Bayern by now
  23. Feb 8, 2018
    #23

    vk20legend Full Member

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    Read on Telegraph that our website is also the most visited sports website in the world.

    If only they could make it better!!
  24. Feb 8, 2018
    #24

    vangagal New Member

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    They cant, infact, that website is still the same website i visited back in 2003 in literally everything. Nothing change on our official website for over 10 years.
  25. Feb 8, 2018
    #25

    deafepl Full Member

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    I can Imagine Adidas and sponsorships willing to pay much if we show that we sign big player names like Griezmann, Bale, etc. More popularity more they make money from that shirts sales and marketing.
  26. Feb 8, 2018
    #26

    Raoul Admin Staff

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    Agreed.
  27. Feb 8, 2018
    #27

    KM I’m afraid I just blue myself Staff

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    Can anyone explain to me why a tax cut rate has resulted in us writing off an amount? Theoretically, less tax should mean more profit for us.
  28. Feb 8, 2018
    #28

    VeevaVee despite the protests, wears Ugg boots

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    This stuff is too businessy for me. There's not much need to be sharing this. Even though some of it is fairly interesting to see, I'd rather just enjoy the football.
  29. Feb 8, 2018
    #29

    SirAF Ageist

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    It is not mandatory to enter the thread ;)
  30. Feb 8, 2018
    #30

    VeevaVee despite the protests, wears Ugg boots

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    I meant Woodward sharing it to journalists. Is it normal that we'd call them and update on such things?
  31. Feb 8, 2018
    #31

    SirAF Ageist

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    He's not sharing it to journalists, he was doing a conference call with investors, he does one each financial quarter.
    The journalists will obviously report it since there are a lot of fans who are interested and Man United will always generate clicks.

    The news is not even available on the official website, unless you specifically go to the investor relations section.
  32. Feb 8, 2018
    #32

    OnlyTwoDaSilvas Gullible

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    Serious wedge.

    Imagine if we were actually good at this playing football thing. Woody would be making it rain every home game.
  33. Feb 8, 2018
    #33

    Fully Fledged Full Member

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    http://www.bbc.co.uk/news/business-42992318

    That's what they took out of this information? Talk about having an agenda.

    I can't be bothered reading past the headline when it's that biased.
  34. Feb 8, 2018
    #34

    Pexbo has never watched Star Wars

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    We're a PLC, it's mandatory. It's good that he does it in a positive way selling the club brand on our financial success too as it breeds more interest from potential partners which means more money for players like Alexis.
  35. Feb 8, 2018
    #35

    RedRom "Where's Lingard?"

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    I would have thought that the BBC sport website would have more visitors then our own one, or would that just come under BBC website in general??
  36. Feb 8, 2018
    #36

    SirAF Ageist

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    :lol:
  37. Feb 8, 2018
    #37

    backofthenet Full Member

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    He's not the messiah... he's a very naughty boy
    As far as I can tell, we'd built up an accrual in our balance sheet for tax that was due to be re-paid to us. Deferred tax to be precise. We would have been able to use this against tax that we were due to pay. Where the tax rate has reduced, the value of that deferred tax has also reduced, hence the write off
  38. Feb 8, 2018
    #38

    Pexbo has never watched Star Wars

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    Absolute shite article as usual from the BBC. They don't even bother to mention the 21% for the new tax regulations. It's a fecking tabloid.
  39. Feb 8, 2018
    #39

    meamth Full Member

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    From the flowers of Manchester to this, we are the biggest club in the world. Keep up the great work Eddie!
  40. Feb 8, 2018
    #40

    meamth Full Member

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    From the flowers of Manchester to this, we are the biggest club in the world. Keep up the great work Eddie!