Q&A With Blackhawks Chair Rocky Wirtz Angels, Red Sox Eliminate Pension Plans AHL OKC Barons To Cease Operations MLB Franchise Notes Cavs Happy With Ticket Lottery Process Rams' Move To L.A. Unlikely For '15 Drake Continues Working On Raptors' Rebrand 49ers Cut McDonald Following Assault Probe Stars' Gaglardi Purchases Team's AHL Affiliate Franchise Notes
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).