{"id":294441,"date":"2023-10-26T12:25:22","date_gmt":"2023-10-26T12:25:22","guid":{"rendered":"https:\/\/sportslifetale.com\/?p=294441"},"modified":"2023-10-26T12:25:22","modified_gmt":"2023-10-26T12:25:22","slug":"manchester-united-announce-record-revenues-of-almost-650m","status":"publish","type":"post","link":"https:\/\/sportslifetale.com\/soccer\/manchester-united-announce-record-revenues-of-almost-650m\/","title":{"rendered":"Manchester United announce record revenues of almost \u00a3650m"},"content":{"rendered":"<h1>Manchester United cut their wage bill by \u00a353m but STILL announce a loss despite record \u00a3650m revenue<\/h1>\n<ul>\n<li><strong>Account for the whole 2022-23 season showed revenues of \u00a3648.4million<\/strong><\/li>\n<li><strong>Lack of Champions League football saw a reduction in the squad wage bill<\/strong><\/li>\n<li><strong>Follow Mail Sport&#8217;s new Man United WhatsApp channel for all the breaking news\u00a0<\/strong><\/li>\n<\/ul>\n<p>Manchester United announced record revenues of \u00a3648.4million for last season with their wage bill dropping by \u00a352.8m.<\/p>\n<p>The Old Trafford club&#8217;s long-term debt remains at \u00a3538million with the Glazer family deciding not to take a dividend out of the club during the 2022-23 season.<\/p>\n<p>The wage bill went down to \u00a3331.4m, the figures revealed, mainly because United didn&#8217;t compete in the Champions League last season.<\/p>\n<p>Commercial revenues exceeded \u00a3300m for the first time but despite the record revenues, the club still recorded a \u00a342.1m loss for 2022-23.\u00a0<\/p>\n<p>In Erik ten Hag&#8217;s first season as manager, United returned to Champions League football by finishing third in the Premier League and ended a six-year trophy drought by lifting the Carabao Cup.\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/10\/26\/12\/77028937-12675451-image-a-79_1698319464721.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Manchester United announced record revenues for the 2022-23 season but the club&#8217;s debt remained static at \u00a3538million<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/10\/26\/12\/77029451-12675451-image-a-89_1698320307712.jpg\" height=\"357\" width=\"634\"><\/p>\n<p>The Glazer family did not take any dividends out of United with debt remaining at \u00a3538m<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/10\/26\/12\/77029519-12675451-image-a-90_1698320650929.jpg\" height=\"434\" width=\"634\"><\/p>\n<p>Andre Onana&#8217;s penalty save against Copenhagen kept alive United&#8217;s Champions League hopes<\/p>\n<p>Your browser does not support iframes.<\/p>\n<p>United trumpeted record ticket sales and attendances in their latest accounts, as well as their \u00a3900m Adidas kit deal through until 2035.<\/p>\n<p>But there was no update on the future of the club&#8217;s ownership &#8211; or the usual conference call with investors &#8211; as Sir Jim Ratcliffe awaits a decision on whether his \u00a31.4billion purchase of 25 per cent of the club has been accepted by the Glazers.<\/p>\n<p>United are projecting their revenues will rise to \u00a3680m next year following their return to the lucrative Champions League. Their previous highest revenues were \u00a3627m for the 2018-19 campaign.\u00a0<\/p>\n<p>Erik Ten Hag&#8217;s side kept their hopes of getting out of their Champions League group alive with a 1-0 win over Copenhagen on Tuesday night.<\/p>\n<p>Andre Onana made a crucial late penalty save to secure the win after Harry Maguire&#8217;s goal.\u00a0<\/p>\n<p>More to follow.\u00a0<\/p>\n<h3>IT&#8217;S ALL KICKING OFF!\u00a0<\/h3>\n<p><span><span>It&#8217;s All Kicking Off is an exciting new podcast from Mail Sport that promises a different take on Premier League football.<\/span><\/span><\/p>\n<p><span><span>It is available on MailOnline, Mail+, YouTube, Apple Music and Spotify.<\/span><\/span><\/p>\n<p>Your browser does not support iframes.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/i\/pix\/2017\/08\/02\/636x90_facebook_ad_sport.png\" width=\"636\" height=\"90\"><br \/>\nSource: <a href=\"https:\/\/www.dailymail.co.uk\/sport\/football\/article-12675451\/Manchester-United-announce-record-revenues-650m-season-50m-shaved-wage-bill-Glazers-dont-dividend-club-debts-static-538m.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Manchester United cut their wage bill by \u00a353m but STILL announce a loss despite record \u00a3650m revenue Account for the whole 2022-23 season showed revenues of \u00a3648.4million Lack of Champions League football saw a reduction in the squad wage bill Follow Mail Sport&#8217;s new Man United WhatsApp channel for all the breaking news\u00a0 Manchester United [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":294440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - 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