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SBD/September 19, 2013/Franchises
ManU Creates Singing Section At Old Trafford In Effort To Raise Noise Levels
Published September 19, 2013
MAN UP: In London, Martin Booth reported ManU has "announced record annual revenue" for the last financial year. Total revenue for the FY ended June 30 was up 13.4% to $582.4M (all figures U.S.). Sponsorship revenue alone "was up" by 44.1% to $146.2M and profit for the period "leapt to" $235.4M -- an increase of more than 500%. Matchday revenue increased to $175.4M (LONDON TIMES, 9/18). Also in London, David Conn reported ManU spent $114.1M in '12-13 "financing the cost of the Glazer family's debt-laden takeover of the club" in '05. Investment analyst Andy Green said that the total cost to ManU "in interest, fees, bank charges and debt repayments" for the takeover is $1.1B. ManU Exec Vice Chair Edward Woodward stressed that commercial income from recent sponsorship deals is now 42% of ManU's total at $246M, "far exceeding" the $164M from broadcasting (GUARDIAN, 9/18).