Revealed: Exactly how Manchester United have been effected by this momentous decision

Revealed: Exactly how Manchester United have been effected by this momentous decision
 

Manchester United’s debt rose by 18 per cent to £337.7million over the first quarter of the financial year with the club announcing “a key contributor to the increase in net debt was the strengthening US dollar; with the USD/GBP exchange rate moving from 1.5128 at 30 September 2015 to 1.2941 at 30 September 2016. The US$ debt principal remains unchanged.”
And United’s revenues for the first quarter were down by 2.8 per cent because of their failure to qualify for the Champions League. They turned over £120.2m with a profit of £6.2m – down 34.7 per cent on the first quarter last season.... read more

 
17 November 2016 in Sport, Views: 37
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