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Manchester United report record revenus

Manchester United have reported record annual revenues of £559m, but still have debts of nearly half a billion pounds: Financial results

The club claimed revenue this season would rise to £615m - £630m. This will be mainly driven by broadcasting and commercial rights deals.

However, adjusted earnings and profits fell amid mixed results on the pitch. Operating profits fell 45 per cent to £44m.

They paid dividends of 18c per share on 164 million shares, giving a total dividend payment of £29.5 million. When one adds to this to the net interest cost of £18 million it gives a total expense to bankers, hedge funds and the Glazers of £47.5 million.

Net player spend was £106m for 2017/18 and the club predicts £124m for 2018/19.

According to the authoritative Swiss Ramble, 'Manchester United have reported profits for three years in a row, averaging £44m in that period. In fact, £57m in 2017 and £49m in 2016 are among the highest profits in the entire history of the Premier League (5th and 7th respectively). The loss in 2015 was due to lack of European football.'

The Swiss Ramble has also noted, 'Not only is Manchester United's wage bill just shy of the £300m barrier, but it is the highest ever reported by a Premier League club. In the last three years, it has grown by an incredible £93m (46%). It is now £36m above Manchester City at £260m, the highest gap for many years.' But, as the Swiss Ramble asks, can they deliver on the pitch? Last night's result against Derby County suggests that there are still challenges to overcome.

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