Red Sox Willing To Go Over Luxury Tax Threshold Hurricanes Seeing Smaller Crowds So Far Orlando City's Rawlins Still A Fan First Franchise Notes Red Sox Spend Big With Ramirez, Sandoval Bills Say Stadium Will Be Ready For Sunday AHL Checkers Likely To Leave Hornets' Arena NFL Franchise Notes Bills Plan To Practice, Play In Buffalo This Week Rockies Brass Conducts Twitter Q&A With Fans
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).