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Man United release latest financial results

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Man United have released their latest financial results and revenue has fallen by 20 percent year-on-year, while net debt has also risen.

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What is clear from the results is that not being in the UEFA Champions League has hit United hard but they continue to make money with commercial revenue on the up seven percent.

Executive vice-chairman Ed Woodward revealed the latest results as Man United’s financial might is clear for all to see even.

“We have continued to make progress on our squad rebuild … the foundation for delivering the long-term success that we are all working towards is in place as we implement our plan and our footballing vision with Ole,” Woodward told investors. “We are pushing for a strong finish in the Premier League, the Europa League and the FA Cup as we enter the final third of the season.”

Man United are currently in fifth place in the Premier League table ahead of a pivotal run of games which will decide if they will once again dine at Europe’s top table under Ole Gunnar Solskjaer. On the pitch they’ve beaten Chelsea and Watford in the last week without conceding and things are coming together nicely with new signings Aaron Wan-Bissaka, Harry Maguire, Daniel James and Bruno Fernandes making a big difference. 

Man United face Everton, Man City, Tottenham and Sheffield United in their next four PL games and that will be crucial in deciding if they’re going to reach the Champions League next season. Given Man City’s European ban and the potential for a UCL spot to move down to fifth-place, Man United are exactly where Solskjaer hoped they would be right now.

Below we have a look at the main takeaways form the financial results, which are always a huge talking point among United fans all over the world.

Main talking points from Man United’s Q2 results:

  • Revenues of $218.3 million, down 20 percent year-on-year
  • Operating profit of $47.3 million
  • Commercial revenue up 7 percent
  • Broadcast revenue down 37 percent due to no UEFA Champions League qualification
  • Matchday revenue down 15 percent due to fewer home games
  • Player wages down 9 percent
  • Net debt is $506.9 million, up $94.6 million, 23 percent

Benzema: ‘I’m F1’ quality compared to ‘go-kart’ Giroud

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It would appear that Karim Benzema lives for exactly two things in life: scoring goals and creating/participating in very public drama.

[ MORE: Monday’s transfer rumor roundup | Friday | Thursday ]

Benzema, who hasn’t feature for France’s national team since he was allegedly involved in a scandal to blackmail teammate Mathieu Valbuena with a sex tape in 2015, slammed compatriot forward Olivier Giroud as the “go-karting” alternative to his own “F1” quality.

His main gripe with Giroud doesn’t appear to actually be with the player himself, but the fact the two get compared to one another so frequently. In Benzema’s absence from Les Bleus, Giroud has been the main beneficiary, leading many to wonder if the team could have reached greater heights with Benzmea in the team instead — quotes from Sky Sports:

“You shouldn’t confuse F1 and go karting and that’s me being kind. On to the next topic. I’m not talking about him [Giroud] anymore. I just know that I’m F1.

“He has his career, he does what he wants and scores the goals that he wants to score. He’s in his corner and I’m in mine, I’m not thinking about him. If we’re talking about playing style, his suits France well.

“It’s good because there are fast players like (Kylian) Mbappe and (Antoine) Griezmann who play out wide or feed off the centre-forward. When Giroud is up front, he’s a handful for defenses, which gives the other two plenty of space to show what they can do.

“He occupies defenders and it works. It might not be brilliant to watch and you won’t say, ‘Wow, that was incredible.’ Does everyone like that style of play? I don’t know, but it suits France well.”

Giroud: 39 goals (third-highest) in 97 appearances for France. Benzema: 27 goals in 81 appearances.

Guardiola: ‘We will come back stronger, kinder … and a bit fatter’

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Through all of the innumerable challenges and tragedies the world is currently facing during the ongoing coronavirus pandemic, Manchester City manager Pep Guardiola is doing his best to not only help the fight back in his native Spain, but also give everyone a chance to smile and laugh at their own expense.

[ MORE: Monday’s transfer rumor roundup | Friday | Thursday ]

Guardiola, who last week donated $1.1 million to fight the virus in Catalonia, released a video message of encouragement and hope on Monday — encouraging everyone to stay inside, and hopeful of returning to a sense of normalcy in short order:

“We miss football. We miss the life that we had a few days ago but now is the time to listen, to follow our scientists, doctors and nurses.

“You are my football family and we are going to do everything possible to make you feel better. We’ll come back from this stronger, better, kinder … and a little bit fatter. Stay inside, stay safe.”

Germany’s UCL clubs pledge support for cash-strapped clubs

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DUSSELDORF, Germany — Four German soccer clubs have pledged a combined $21.9 million to support other teams struggling to stay afloat after games in the country were suspended because of the coronavirus outbreak.

[ MORE: Monday’s transfer rumor roundup | Friday | Thursday ]

Bayern Munich, Borussia Dortmund, Leipzig and Bayer Leverkusen will forgo $13.7 million in as-yet undistributed TV money and add another $8.2 million from their own funds. All four clubs played in the Champions League this season, giving them extra income.

The German Football League, which oversees the top two divisions, will decide how the money is distributed. The league has previously said it fears many clubs could face financial collapse if games can’t resume.

“In these difficult times, it’s important that the stronger shoulders support the weaker shoulders,” Bayern CEO Karl-Heinz Rummenigge said on Thursday.

It’s the latest in a string of gestures to help those in need in German soccer. Players at clubs including Bayern, Borussia Monchengladbach and second-tier Karlsruhe have agreed to voluntary pay cuts to help other staff.

[ MORE: Tottenham offer stadium to help with coronavirus effort ]

Dortmund CEO Hans-Joachim Watzke said clubs had a responsibility to keep other teams running in what could be a long period without income from ticket sales and sponsors.

“We have always said that we would show solidarity if clubs, through no fault of their own, should run into difficulties that they can no longer overcome themselves,” Watzke said in a statement.

“BVB is currently having a major impact on society through a wide range of initiatives. And naturally we are prepared to help out other professional football clubs if it is ultimately a matter of cushioning the financial effects of the pandemic.”

Transfer rumor roundup: Sancho to Man Utd; Madrid’s Haaland backup plan

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A roundup of all of Monday’s biggest transfer rumors, including those involving Premier League clubs…

[ MORE: Tottenham offer stadium to help with coronavirus effort ]

Jadon Sancho is a virtual lock to leave Borussia Dortmund and return to the PL this summer, and the 20-year-old winger will almost certainly command a transfer fee of more than $150 million just three years after signing from Manchester City for just $10 million. Today, it’s Manchester United who are rumored as frontrunners for Sancho’s services, based upon reports that Sancho has “unofficially confirmed” he will choose to join Man United when the transfer window opens.


Updating a transfer rumor from last week, Real Madrid are still very much in on another Dortmund starlet, Erling Haaland, but that doesn’t mean they’re putting all of their eggs in one basket. Los Blancos are reportedly eyeing Arsenal forward Pierre-Emerick Aubameyang, a former Dortmund man himself, as a backup option should Haaland remain at Dortmund or land elsewhere this summer. Aubameyang, who’ll turn 31 this summer, isn’t likely to move for less than $60 million, which could prove a stumbling block.


If the rumors are to be believed, this summer will be a costly one for Man United, who are also interested in Atletico Madrid midfielder Saul Niguez. The price tag on the 25-year-old? Close to $170 million. It would seem unlikely that United could afford Niguez (at that price) without getting $100 million (at least) for Paul Pogba.


Another current Arsenal (and former Dortmund) player, midfielder Henrikh Mkhitaryan, hopes to turn his loan to Roma into a permanent move this summer. Arsenal are expected to ask $22 for the 31-year-old, but the Serie A side is hoping to pay closer to $12 million instead.