Imagine your ideal soccer team: Manchester United had phenomenal players in highly entertaining matches! Well, maybe you have considered the money that has been invested in this? It is surely a big business! Now, let us turn our attention toward the finances of Manchester United.
Manchester United Finances: The Outgoings
First, let us look at some sources of income for the club. And, of course, there have to be such a large number of things feeding into the well of money! So many ways to go about it!
* Tickets: You have to pay for an entry to see the game, don’t you? So, all this money goes into the team’s pocket!
* TV Rights: Also, television companies pay for the rights to broadcast the matches.
“Revenue” is a bigger umbrella for all incomes. Now, one thing worth knowing is that revenue is so enormous in the case of Manchester United that it has almost set a Guinness World Record of ยฃ666.5 mn! Just imagine such a big piggy bank with millions of coins pouring into it!
Manchester United Finances: Lair of Loss?
Even after making their huge millions (ยฃ666.5 million!), a loss is still being recorded. It means that the bigger bill was paid compared to the income received. How can it be? Many a time, the club has to shell out exorbitant amounts of money for new players. Ministering could have asked for bills for stadium improvements as well. Just like you do when you spend all your pocket money and even more!
Authors Opinion
It is so for a big football team like Manchester United! They have to balance making money with spending money. They have to keep their team competitive by buying good players, but they can’t really afford to go the extra mile there. Both the owners and the managers will be working day and night to keep the finances of Manchester United viable so that the team can play good football again! It’s all about teamwork — on and off the field!
