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Manchester United financial conference call summary (self.reddevils)

ballsywallsyBerbalove が 投稿

Just thought I'd post a brief summary of what was said during the financial conference call. Hopefully it'll help keep the clutter down and prevent a ton of twitter links being posted with the same message just worded differently.

Discuss away!

  • Not named but @BSchweinsteiger has written back into @ManUtd accounts as an “exceptional item” – valued at £4.8m

  • Commercial revenue £66.8m. Up 1.1% Broadcasting £52.5m. Up 40.8%. Matchday £38.6%. Up 27% (more games in this quarter) Total £157.9m up 18%

  • Woodward: "Pleased to be competing for 1st available trophy of season. Congratulate Wayne Rooney on being United's all-time record goal scorer"

  • This is @BSchweinsteiger "Exceptional credit £4.8m relates to reversal of registration 4 player re-established as member of 1st team squad."

  • United: "Net finance costs for 1/4 £12m from £7.3m (+155.3%) due 2 unrealised foreign exchange losses on retranslation of unhedged $ borrowing"

  • Woodward: "Third of season left to play, looking forward to a strong finish”

  • Woodward says club planning to launch MUTV app globally (where they are allowed). £1.49 to £4.99 a month.

  • United: "Wages up 14.2% due primarily to new player acquisitions."

  • Woodward: "Ticket price freeze is our policy re core fans at stadium. Number one priority is full stadium. Number two is noisy stadium"

  • Woodward: "Happiness from manager of where we are as squad. There will be continual improvement don’t have to churn large number of players"

  • Woodward: "MUTV App cant go in UK or many countries where we have deals with partners who have exclusive content. Will b 160+ countries"

  • Woodward on summer tour: "Not announced where we are going yet. Cant confirm or deny it is USA. Will be larger than last year."

  • Woodward says he sees the club's position as number one shirt seller continuing.

  • The club's debt has risen by £87m, with Brexit being cited as one of the reasons for the 27% increase in debt that amounts to £409m.

MANCHESTER UNITED PLC 2017 SECOND QUARTER RESULTS

Feel free to add anything that I've missed out on. I'll edit the post accordingly to include those bits.

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[–]ionisedOoh, aah! Cantona! 5 ポイント6 ポイント  (0子コメント)

Number two is noisy stadium

I like this bit.

[–]GroteBergMan98Callum Whelan 1 ポイント2 ポイント  (0子コメント)

Did he say anything about the academy?

[–]craptionbotMarouane "Imma fuck you up" Fellaini 3 ポイント4 ポイント  (0子コメント)

"Happiness from manager of where we are as squad. There will be continual improvement don’t have to churn large number of players"

Interesting and reassuring that we're not going to be offloading a lot of players as we have done over the past few transfer windows. Stability and familiarity are what got us to where we were over the last 30 years.

[–]mattmanutdKeane 0 ポイント1 ポイント  (0子コメント)

Can someone explain the net finance bullet a bit more? I'd love to learn more about that.

[–]FlyingRedLlama 0 ポイント1 ポイント  (0子コメント)

Utd's debt has increased substantially by £87m

Brexit being blamed for Manchester United debt going up 27% to £409m