JAKARTA - Manchester United released the latest financial figures. The Red Devils' salary burden increased, but their opinion also grew.
In detail, Man United's salary bill rose to 384 million pounds per year, an increase of more than 7 million pounds per week.
In fact, 12 months ago they held the record as the club with the highest salary burden in the Premier League.
The increase was largely due to the participation of the Red Devils in the Champions League which was only the caretaker of the group phase. Automatically, staff costs increased by 95.1 million pounds.
Participation in the Champions League is quite encouraging the team's operational costs rather than appearing in the Europa League.
The situation shows that the Glazer family does not accept dividends and is likely to happen again in the future.
However, Manchester United may be a little relieved by their income. The Red Devils' chief finance is even confident that it will break the annual earnings record.
Manchester United have so far earned 648.4 million pounds in the past year, but still lost 42.1 million pounds.
However, they are expected to still exceed that figure with a prediction of hitting 665 million pounds.
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This happened after Sir Jim Ratcliffe bought Manchester United's minority stake of 27.7 percent in a 1.03 billion deal.
"We generated strong revenue during the first half of this fiscal year and have reaffirmed our guidance to record revenues for the full fiscal year."
"This is a fun time at Manchester United after Sir Jim Radcliffe's investment was completed. We are all focused on working with new owners to push the club forward and achieve success on the pitch," said Cliff Baty, Head of Finance Manchester United.
Meanwhile, the club's potential record-breaking annual income is not positive.
You see, the Red Devils' commercial revenue fell 6.9 million pounds. Likewise, sponsorship revenue fell by 22 percent.
Luckily, retail enjoyed a 15.2 percent growth after United's new deal with Adidas and sales from their megastore.
Kemudian, utang Manchester United yang terkait dengan leveraged buyout (pembelian dengan utang) keluarga Glazers masih sebesar 508,1 juta pounds.
Finally, the Red Devils' net debt, which also includes revolving credit facilities, is 710 million pounds.
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