- United have £627.1m in revenues for this year so far.
- Woodward insists United remain focused on improving the team.
- Expected revenue for the next year is much lower because of no UCL.
Man United can be proud of a big yeaк. The irony is the worse United is, the bigger their profits are. The club has posted record revenues of £627.1m (for this year up to 30 June). Impressive.
Quoted by Simon Peach from PA, Ed Woodward said at a meeting with shareholders: "We remain focused on our plan of rebuilding the team and continuing to strengthen our youth system, in line with the philosophy of the club and the manager.'
"This is reflected in the recent addition of three exciting first team players, key player contract extensions and the talent we have coming through our Academy. Everyone at United is committed to delivering on our primary objective of winning trophies."
Other than three new players, United can brag about 10 new or renewed deals with global sponsors, including deals with whole countries: China (opening experience centres) and Malta (tourist's destination).
Expected revenue for 2020 will be significantly lower, between £560m and £580m. This is the direct impct of not plying in the Champions League.