Record revenues but team-building cost weighs on Man Utd’s bottom-line
By David Owen
November 12 – Manchester United continue to show the financial effects of their attempts to restore their dominance of the English club game, in spite of scoring a near 40% jump in first quarter revenues. A hike in costs, plus a financial hit on transfer dealings as manager Louis van Gaal and colleagues attempt to create a team worthy of the United brand, meant that pre-tax profits in the three months to September 30 were down 36% on a year earlier at £5.2 million.
