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Manchester United have announced record revenues of £648 football
4m for the last financial year and expect to bring in even more revenue this season football
But they made a net loss of £28 football
7m, despite cutting their wage bill by £52 football
8m – partly because they were not in the Champions League but also for a season when the best-paid player, Cristiano Ronaldo, left part way through the campaign – after expensive transfers football
Their accounts cover a 12-month period ending on 30 June, in which they signed Mason Mount this summer but also made the expensive purchases of Casemiro, for £63m, and Antony, for £86m, in 2022 football
United paid out £331 football
4m in salaries to their players last season, a sum that is likely to rise for the current financial year because salaries are raised when they are competing in the Champions League football
With the added income of playing in Europe’s premier continental competition, United anticipate a revenue of football between £650m and £680m this year football
United also said that, for the first time since 2016, no dividends were paid to the owners, the Glazer family football
The club’s debt remains at £538m while they also owe an additional £106m with a revolving credit facility football
United paid £21 football
4m in net finance costs over the 12 months – down £40 football
8m, partly due to a change in exchange rates football
United’s broadcasting revenue dropped £5 football
8m last season as they counted the cost of playing in the Europa League, a consequence of a sixth-place finish in the Premier League in 2021/22 football
But their commercial revenue reached a new high of £302 football
9m, up £45 football
1m, which was driven by a £41 football
6m rise in sponsorship income football
United have since signed a 10-year £900m kit deal with Adidas, which is likely to lead to a further increase in commercial revenue football
United’s matchday revenue also went up by £25 football
9m to £136 football
4m, aided by a host of home games during their runs to the FA and Carabao Cup finals football
For much of the last year, United have been for sale, with Sir Jim Ratcliffe and Ineos expected to take a 25 per cent stake in the club football
More aboutManchester UnitedPremier LeagueChampions LeagueSir Jim RatcliffeJoin our commenting forumJoin thought-provoking conversations, follow other Independent readers and see their repliesComments1/1Man Utd project record revenues ahead of Ratcliffe investmentMan Utd project record revenues ahead of Ratcliffe investmentBritain football Soccer Man United BiddersCopyright 2023 The Associated Press football
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The chairman of Rugby Australia has said he will not quit following the resignation of coach Eddie Jones football
Rugby Australia has yet to officially announce Jones’ departure in the wake of the Wallabies’ failure to reach the knockout stages of the Rugby World Cup, but Hamish McLennan vowed to continue in his role as he described the “sad Eddie situation” as a “hurdle we’ll overcome” football
The former England coach’s departure just nine months into a five-year contract has been widely reported in Australia amid further speculation he is heading for a second spell in charge of Japan football
McLennan told the Sydney Morning Herald in a statement: “I came to rugby to find a way to fix it when it all fell over and despite the sad Eddie situation, this is another hurdle we’ll overcome football
I want to stay to deliver the 2027 World Cup in Australia football
That has always been the big prize for Australian rugby football
“More destabilisation will just make matters worse, just when we’re about to break through football
Life is not a continuous line of perfect calls and success football
”McLennan played a key role in bringing Jones back for a second stint in charge of Australia, the 63-year-old replacing Dave Rennie just a month after being sacked by England following five wins in 12 Tests in 2022 football
But his return turned sour with just two wins in nine Tests – against Georgia and Portugal in the World Cup where they suffered losses to Fiji and Wales football
The failure to get out of the group stages for the first time came against a background of Jones denying he took part in an interview with the Japanese Rugby football Football Union, both during and after the World Cup football
Despite multiple news outlets reporting that he was poised to meet officials in Japan next month for a second interview, Jones has repeatedly told the media that he was committed to Australian rugby football
Jones told the Sydney Morning Herald on Sunday: “(I) gave it a run football
Hopefully be the catalyst for change football
Sometimes you have to eat s**t for others to eat caviar further down the track football
”More aboutEddie JonesRugby AustraliaRugby football Football UnionSydney Morning HeraldRugby World CupJoin our commenting forumJoin thought-provoking conversations, follow other Independent readers and see their repliesComments1/1Rugby Australia chairman refuses to quit despite Jones resignationRugby Australia chairman refuses to quit despite Jones resignationEddie Jones is set to return to Japan as head coachReuters✕Subscribe to Independent Premium to bookmark this articleWant to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today football
SubscribeAlready subscribed? Log inMost PopularPopular videosSponsored FeaturesGet in touchContact usOur ProductsSubscribeRegisterNewslettersDonateToday’s EditionInstall our appArchiveOther publicationsInternational editionsIndependent en EspañolIndependent ArabiaIndependent TurkishIndependent PersianIndependent UrduEvening StandardExtrasAdvisorPuzzlesAll topicsfootball BettingVoucher codesCompareCompetitions and offersIndependent AdvertisingIndependent IgniteSyndicationWorking at The IndependentLegalCode of conduct and complaintsContributorsCookie policyDonations Terms & ConditionsPrivacy noticeUser policiesModern Slavery ActThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inCloseUS EditionChangeUK EditionAsia EditionEdición en EspañolSubscribe{{indy football
truncatedName}}Log in / Register {{#items}}{{#stampSmall}}{{/stampSmall}}{{#stampClimate}}{{/stampClimate}}{{#stampPremium}}{{/stampPremium}}{{title}}{{#desc}}{{desc}}{{/desc}}{{#children}}{{title}}{{/children}}{{/items}}Indy100Crosswords & PuzzlesMost CommentedNewslettersAsk Me AnythingVirtual EventsVouchersCompare✕Log inEmail addressPasswordEmail and password don't matchSubmitForgotten your password?New to The Independent?RegisterOr if you would prefer:SIGN IN WITH GOOGLEWant an ad-free experience?View offersThis site is protected by reCAPTCHA and the Google Privacy notice and Terms of service apply football
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