Manchester United look set for another record-breaking year after they posted a healthy 16 and a half per cent increase in first quarter turnover to £73.8 million. Growth occurred in all areas at the Premier League champions and the £40 million deal they struck up with delivery couriers DHL helped the turnover rise 22.3 percent to £29.6 million.
United’s gross debt has now been left at £433.2 million and they are making steady progression following the debt created by the Glazer family takeover. Many United fans were up in arms over the sale of the club to the American owners, but they have enjoyed the same measure of success and also vastly increased revenue within the club, as figures show.
Arsenal majority owner Stan Kroenke echoed these sentiments last month when he acclaimed the phenomenal way in which the Glazer family have developed United’s infrastructure and revenue. United fans have begun to acclimatise themselves with the Glazers being part of their club and have been settled by the big spending in the summer to sign Ashley Young, David De Gea and Phil Jones.
Kroenke said on the issue last month: ‘They (The Glazers) have increased revenues by a huge amount. If I was a fan of that club, I would go ‘Wow’. Because how could you do it any better’.
Commercial director Richard Arnold also spoke last month about the prospect of United placing more emphasis on their marketing. Arnold himself was relaxed about the situation and hinted that the Red Devils are forerunners in increasing commercial revenue.
‘There is only one Manchester United. Whilst a lot of the strategy is public knowledge, I am very fortunate to be with the club I am with and able to do these deals. A lot of hard work has gone into getting to the position we are now and we are already looking to the future’, Arnold said.
The future at Old Trafford looks to be bright with the signings of Young, Jones and De Gea coupled with the emergence of Chris Smalling, Tom Cleverley and Danny Welbeck. United manager Sir Alex Ferguson is never short of money from his owners and United will be looking to continue their dominance over the English game, even in the face of adversity from Manchester City.
What the Glazers will continue to do is create revenue and commercial opportunities that maximise the money the club can make, workig towards the final goal of eradicating the club’s debt.
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