United announce fall in revenue
Manchester United's commercial income has exceeded matchday income
Manchester United's total income fell by 3.3% to £320.3m for the year ending June 30 2012, the club's annual results have revealed.
The fall in revenue had been expected after United's failure to make the knockout stages of the Champions League last season.
For the first time however, revenue from commercial income exceeded that from broadcast and matchday income.
A United spokesman said: "The results are consistent with what we expected. We strongly believe the outstanding results in the commercial sector demonstrate the huge potential the club has, and the financial outlook is very positive."
The growth in income from sponsorship and commercial deals has certainly cushioned the blow of the shortfall from the Champions League and FA Cup compared to the previous season. Commercial revenue was up 13.7% to £117.6m, while broadcast revenue was down 11.3% to £104m and matchday revenue down 10.9% to £98.7m.
A Manchester United plc statement said: "Broadcasting revenues for the year decreased... primarily as a result of our elimination at the group stages of the Champions League.
"For the fourth quarter, revenues decreased 37.4% to £27.5 million as no participation fees were earned compared to Champions League participation fees from the quarter-final, semi-final and final in the fourth quarter of the prior year.
"In addition, we earned minimal revenues from the FA Cup following our fourth round exit, compared with reaching the semi-final in the previous year.
"Matchday revenues for the year decreased... as a result of having played four fewer home games compared with the prior season when we also received a share of the gate receipts from the Champions League final and FA Cup semi-final, both of which were held at Wembley Stadium."
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the Chelsea cracks are starting to show...battered by A/madrid.. held by OPR..oh dear..torrez crying
loving it......the premier league would be a wasteland without Manchester united you all know it..
whose going to entertain you Arsenal.....lmfao
I'll tell you what there is on these pages Derek; a load of "fans" from other teams who are obsessed about us, just like you appear to be.
Get on with supporting your own club !!!!!
cant get over how many rivals fans are obsessed with Man utds finances....
keep telling yourselves that there is a problem, if it makes you happy
However, I thought I heard that net profits had fallen nearly 17%. Is that right?
WHO AM I KIDDING ......... HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA
GLORY GLORY MAN UNITED !!!!!
That fact that we are down only 3 or 4% due to our champions league failings shows how strong we really are overall financially, other clubs that have failed in the champions league have had to sell their top players to balance their books. so you didnt sell ronaldo to balance the books be cause on the year that you sold him you would of made a huge loss selling him for 80 million was to balance the huge 70 loss you would of made that year
I really dont think that most Mancs understand sums so finances must be beyond them.
Buying shares in a sports club is volatile.
Worrying that income from games is down despite steadily increasing seat prices. they could exit the FA cup at the 3rd round and not get out of the group again in the CL. They failed to mention the Euopa cup as well so the excuses are there for all to see.
Take into account RVP's fee and exhorbitant salary and could see the same again next season.