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SBD Global/February 13, 2014/Finance
ManU Posts Second-Quarter Revenue Record With £123M Despite On-Pitch Struggles
Published February 13, 2014
BROADCAST, COMMERCIAL SALES UP: REUTERS' Neil Maidment reported "broadcasting and commercial sales both rose" almost 19% in the quarter. The club's finances could "soon be further boosted by a new kit supply deal." The club, "owned by the American Glazer family," said that it was in talks with "several sportswear companies, including existing supplier Nike, about replacing their current contract that expires next year" (REUTERS, 2/12).
OVERHAUL POSSIBLE: In London, James Ducker reported Woodward raised the prospect of a "significant overhaul of Manchester United's squad this summer by claiming that the club could flex their financial muscle 'in a way that perhaps we haven't seen in recent years.'" Woodward also said that he was "awaiting with interest" to see how UEFA's new FFP rules are going to "bite" and "impact the industry" as he "responded to a question about the financial position of Manchester City, United's local rivals" (LONDON TIMES, 2/12).
SIGNING SPREE: REUTERS' Neil Maidment reported Woodward said that he "could not give the likely range of spending, but added that some players would be sold this summer and that youth players would continue to be nurtured at the club" (REUTERS, 2/12).