Accounts out at 11am

Originally Posted by The Watcher

So even with a turnover of £286 million, we still made a loss of over £80 million? Sickening.

Still, at least the Ronaldo money is still there

£163million in cash don't cha know

£#%&!ing yank yid @#%&!s

What was the @#%&!s' personal remuneration in all of this?

Nothing in this we didn't already know to be honest, but Jesus this is bad. Bad bad bad bad bad bad bad.

Originally Posted by Part 36 Offer

£#%&!ing yank yid @#%&!s

sack the yid shit ffs.

Bearing in mind United didn't reach the last 4 of the CL final or win the league, how have they increased their profit up to £100 million? Genuine question.

I was looking at the accounts at 9am this morning and I read it as 82 million profit. Shows I am not an accountant.

Originally Posted by Woody Creek

Bearing in mind United didn't reach the last 4 of the CL final or win the league, how have they increased their profit up to £100 million? Genuine question.

ticket revenue

global merchandise

tv money

non matchday conferences & catering

Originally Posted by no fun

ticket revenue

global merchandise

tv money

non matchday conferences & catering

Impressive that in these straightened times merchandise, conferences and catering would seem to not only be holding up but increasing in worth.

Originally Posted by Woody Creek

Bearing in mind United didn't reach the last 4 of the CL final or win the league, how have they increased their profit up to £100 million? Genuine question.

dunno

It is understood the results will reveal that the club's operating profits topped £100m for the first time, thanks to increased matchday, broadcasting and commercial revenues.

from the grauniand.

The document shows an operating profit of only 14,612,000 (Page 9)

So where does this 100 million operating profit number come from ?

Originally Posted by Woody Creek

Impressive that in these straightened times merchandise, conferences and catering would seem to not only be holding up but increasing in worth.

be interesting to see how next year's figures hold up.

What you've got to remember is that these huge losses have in no way hindered our transfer dealings.

This will happen again next year and the year after that until the club is hollowed out to the extent that there is nothing left for the Glazer's to leech - at which point they'll walk away leaving the wreckage.

Of course, with millions of outraged United supporters (voters) you will see politicians queuing up to back legislation stopping this happening again - too late for us of course.

Originally Posted by Albert Tatlock

The document shows an operating profit of only 14,612,000 (Page 9)

So where does this 100 million operating profit number come from ?

Group operating profit before depreciation and amortization £96,569,000

Champions League money went up last season, as did ticket prices. Think we got the bulk of our new AON sponsorship upfront too.

Just think what we could do if we were debt free? Could easily build two more quadrants and re-build the South Stand (as was the PLC’s plan pre-takeover).

It’s £#%&!ing heartbreaking what these @#%&!s are doing to our Club

"great owners"

We have 111 ground staff ??

Originally Posted by Sparky***

What you've got to remember is that these huge losses have in no way hindered our transfer dealings.

The money is there, no doubt aboo that.

If you read through the last few pages of this very thread you'll (hopefully) understand why the reported accounting loss isn't very relevant. It's largely made up of non-cash expenses that haven't cost the club a thing.

The most interesting revelation by far is that the owners haven't taken either their carve-out or a dividend, that and that EBITDA is higher than expected indicating a very good growth-rate through recession.

Net debt reduced to £350m, cash reserves(for players) risen to £163m. EVERYTHING IS FINE. We're gonna sign Buffon, Sneijder and Aguero next summer!

where does the transfer surplus fit into all this, rolled over or otherwise?