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Nairaland Forum / Entertainment / Sports / European Football (EPL, UEFA, La Liga) / Manchester United Set To Post $170 Million Operating Profit This Season (542 Views)
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Manchester United Set To Post $170 Million Operating Profit This Season by doublekay: 2:44am On May 10, 2011 |
Manchester United, already the most valuable and profitable sports team in the world, is set to see its worth and profitability increase dramatically because of its success on the pitch this season. The Red Devils, owned by the billionaire Glazer family, defeated Celsea 2-1 on Sunday, giving them a virtually insurmountable six point lead in the Premier League with just two games remaining in the season. In addition, ManU plays Spain’s Barcelona May 28 at Wembley Stadium for the Champions League title. Capturing both the Premiership and Champions League titles will mean roughly $85 million in additional revenue for Manchester United and would allow the club to post an operating profit (earnings before interest, taxes, depreciation and amortization) of at least $170 million for the 2010-11 season, $22 million more than the previous season. With commercial revenue also increasing, the value of the English soccer club will be in the neighborhood of $2 billion. source: http://blogs.forbes.com/mikeozanian/2011/05/09/manchester-united-set-to-post-170-million-operating-profit/ |
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