Ed Woodward has come out yesterday with their financial figures speaking to club investors. Manchester United have made annual record turnover of £627 million pound. Ed said that next year the failure to qualify for the champions league will cost the club between £40 and £60 million so the clubs turnover is expected to be around £570-£580 million next year. Their operating profit has been 50 million for the year. This is after the purchase and sale of the clubs players has been taken into account which is very very healthy indeed. This is up 6.3% on last year which is pretty good also.
As regards to the Glazier debt that was accrued when they purchased Manchester United. That is now down to £203 million. The original debt was said to be £778 million in 2010. It is reported that the family have taken close to a billion out of Manchester United football club.
Woodward did talk about investing in their youth system and also bringing in the three players. United right now have the second highest wage bill in world football especially now that De Gea has a new contract. They are the 3rd highest spenders in the last 5 years. The Glazier's have still spent alot of money. Now whether the money has been spent very well is another story. Towards the back end of last season there was talk of a director of football coming into play. Edward Van Der Saar was talked about as well as Rio Ferdinand.But these rumours have blown over.
On the performance last Sunday the Guardian did up the stats since the dizzy heights of the PSG game last seaosn, the height of Ole Gunnar's reign.
This is 16 points from 15 games. So if we use this to calculate over an entire season it would come to 40 and a half points. This is relegation form. 15 games is quite a substantial amount of games. So how much trouble are they in here?
Solskjaer will need time and the Manchester hierarchy will look foolish if they double back before Christmas. I bet @deniskj that he would be sacked by the end of the season. If the above form continues I reckon he will be. He needs a distraction. A cup run. Something that takes away from the doom and gloom. Spurs and Arsenal are not looking much better so 4th place may still be within his grasp if he finds some confidence from players returning from injury.