Manchester United haven’t quite nosedived from global giants to whipping boys, yet, but their value around the globe is taking a slap after their worst season in Premier League history.
After finishing seventh last season in the PL and failing to qualify for European soccer next season, the value of United’s brand has been hit hard as it is down by $98 million according to a study conducted by consultancy group, Brand Finance.
Saying that, United’s brand is still worth $739m and it is the third most valuable soccer club in the world behind Bayern Munich and Real Madrid. Following their Champions League title success last weekend, Real’s brand will be boosted considerably and they already boast the biggest sales of any team in the world.
The report looked deep into the implications that results on the pitch have on financial performance off it, as Bayern Munich came top of their brand ranking for the second-straight season. Five of the top eight clubs in the world are from England, with Arsenal, Liverpool, Chelsea and Manchester City joining United as the biggest brands in soccer.
United may soon found themselves overtaken by that chasing pack as the report warned that “another season in the wilderness, outside the Champions League will see brand value truly plunge, and leave few sponsors willing to do a deal with the Red Devils.”
Up until now “shrewd commercial management” has allowed the Old Trafford club to still churn out a profit of $17 million for the three months up to the end of March, while they earned record revenues of $170 million.
However if their performances on the pitch continue to slide under new manager Louis van Gaal, expect it to hit United hard in the pocket and have a huge impact on their brand.
MADRID (AP) Jose Mourinho’s agent says the Manchester United manager paid more than 26 million euros ($27 million) in taxes when he lived in Spain from 2010-13.
The information was made public on Tuesday by Gestifute, a company run by Mourinho’s agent, Jorge Mendes.
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The Portuguese company has been releasing details about its clients’ tax declarations after European media outlets published what they claimed were details of apparent tax arrangements made by top soccer players and coaches, including Mourinho, Cristiano Ronaldo and Mesut Ozil.
Gestifute, which also has Ronaldo as a client, has already published documents allegedly showing that Spanish fiscal authorities have certified that Mourinho and Real Madrid star Ronaldo are “up to date on … obligations.”
Mourinho coached Real Madrid from 2010-13 and took charge of United this season.
This is going to turn out to be one of the most exciting years of Matt Hedges’ life.
The FC Dallas man lead one of the best back lines in Major League Soccer to the Lamar Hunt U.S. Open Cup and the Supporters’ Shield.
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He’s also likely set for a chance to return to the USMNT fold under new coach Bruce Arena, as Hedges is one of the best players to be largely ignored by Jurgen Klinsmann.
Hedges, 26, was named the MLS Defender of the Year and made the Best XI, and now he’s inked a new long-term deal with FC Dallas.
The four-year deal will keep Hedges in Dallas through his 30th birthday. Capped once, Hedges has 159 appearances with 11 goals for FCD.
Christian Pulisic is one of the most exciting young prospects in the world.
It’s a statement that isn’t often said without hyperbole when it comes to American standouts, but the 18-year-old Borussia Dortmund man has seen his names in the gossip pages a few times this year.
While Liverpool has often been the destination, Italian site Calcio Mercato says Premier League interest is wider than Merseyside. The clubs? Arsenal and Tottenham Hotspur.
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Dortmund doesn’t want to sell the youngster, who is locked up through 2019. The whispered price has been $31 million at a minimum, but perhaps BVB would be tempted given their wealth of young attacking options.
Pulisic has made 27 appearances for Borussia Dortmund, nabbing four goals and six assists. He has 11 caps and three goals for the USMNT as well.
Cristiano Ronaldo had been linked with massive tax evasion, but Real Madrid would ask you to kindly go back to treating him like a king now that he’s proven his innocence.
In a move usually reserved for politicians aiming for high office, Ronaldo’s agent released some of his tax documents to prove everything’s above board.
It all looks good, unlike what befell Neymar and Lionel Messi, so back off, huh?
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From Real Madrid:
In view of the stories published over recent days and in consideration of the certificate issued by the Spanish Tax Agency which confirms that our player Cristiano Ronaldo is up to date with all of his tax obligations, Real Madrid C. F. call for the utmost respect to be shown towards Cristiano Ronaldo, whose conduct has been absolutely exemplary throughout all of his time at our club.
Only the utmost for CR7.
Real Madrid hosts Borussia Dortmund on Wednesday in a match which will decide Group F of the UEFA Champions League.