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Manchester United have announced record revenues of £648 football
4m for the last financial year and expect to bring in even more revenue this season football
But they made a net loss of £28 football
7m, despite cutting their wage bill by £52 football
8m – partly because they were not in the Champions League but also for a season when the best-paid player, Cristiano Ronaldo, left part way through the campaign – after expensive transfers football
Their accounts cover a 12-month period ending on 30 June, in which they signed Mason Mount this summer but also made the expensive purchases of Casemiro, for £63m, and Antony, for £86m, in 2022 football
United paid out £331 football
4m in salaries to their players last season, a sum that is likely to rise for the current financial year because salaries are raised when they are competing in the Champions League football
With the added income of playing in Europe’s premier continental competition, United anticipate a revenue of football between £650m and £680m this year football
United also said that, for the first time since 2016, no dividends were paid to the owners, the Glazer family football
The club’s debt remains at £538m while they also owe an additional £106m with a revolving credit facility football
United paid £21 football
4m in net finance costs over the 12 months – down £40 football
8m, partly due to a change in exchange rates football
United’s broadcasting revenue dropped £5 football
8m last season as they counted the cost of playing in the Europa League, a consequence of a sixth-place finish in the Premier League in 2021/22 football
But their commercial revenue reached a new high of £302 football
9m, up £45 football
1m, which was driven by a £41 football
6m rise in sponsorship income football
United have since signed a 10-year £900m kit deal with Adidas, which is likely to lead to a further increase in commercial revenue football
United’s matchday revenue also went up by £25 football
9m to £136 football
4m, aided by a host of home games during their runs to the FA and Carabao Cup finals football
For much of the last year, United have been for sale, with Sir Jim Ratcliffe and Ineos expected to take a 25 per cent stake in the club football
More aboutManchester UnitedPremier LeagueChampions LeagueSir Jim RatcliffeJoin our commenting forumJoin thought-provoking conversations, follow other Independent readers and see their repliesComments1/1Man Utd project record revenues ahead of Ratcliffe investmentMan Utd project record revenues ahead of Ratcliffe investmentBritain football Soccer Man United BiddersCopyright 2023 The Associated Press football
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Lewis Hamilton and Charles Leclerc posted a hilarious joint Instagram on Monday in wake of their disqualification from the United States Grand Prix football
The pair were punished after their Mercedes and Ferrari cars fell foul of rules governing the underside of F1 cars football
Hamilton had finished on the podium in second, coming home two seconds shy of race winner Max Verstappen, while pole-sitter Leclerc finished sixth football
As a result of their DSQ, Hamilton’s 18 points earned are wiped from his season’s total as are the eight points Leclerc earned, with both unlikely to appeal the decision football
And following the ruling, the pair posted a joint photo on Instagram of both sat in a weekend press conference in Austin with glum expressions football
The caption, meanwhile, simply read: “Mood football
” Hamilton and Leclerc were investigated by the stewards following a plank wear inspection in Austin football
Personnel from both Mercedes and Ferrari were summoned to see the stewards and, just after 7pm local time in Austin and more than three hours after the race finished, their disqualification from the race was confirmed football
In a Mercedes press release, Hamilton stated he was simply “disappointed” with the penalty, while team boss Toto Wolff admitted “we got it wrong football
”The FIA note reveals that the cars of Verstappen and Lando Norris (who now moves up to second from third in the final classification) were also inspected, but passed the checks football
Breaches of technical checks of the car often result in disqualification, with a recent example being Hamilton from qualifying in Brazil in 2021 football
Michael Schumacher was disqualified from the 1994 Belgian Grand Prix for an illegal floor, allowing Damon Hill to win the race football
In a Mercedes press release, Wolff explained how Mercedes fell foul of the rules football
“Turning to the race result and the disqualification, set-up choices on a sprint weekend are always a challenge with just one hour of free practice – and even more so at a bumpy circuit like COTA and running a new package,” he said football
“In the end, all of that doesn’t matter; others got it right where we got it wrong and there’s no wiggle room in the rules football
“We need to take it on the chin, do the learning, and come back stronger next weekend football
”The ruling meant Williams driver Logan Sargeant earned his first F1 point in bizarre circumstances at his home race football
More aboutLewis HamiltonCharles LeclercmercedesFerrariJoin our commenting forumJoin thought-provoking conversations, follow other Independent readers and see their repliesComments1/1Hamilton and Leclerc post amusing joint Instagram after DSQHamilton and Leclerc post amusing joint Instagram after DSQLewis Hamilton and Charles Leclerc posted an amusing joint Instagram on MondayInstagram - @lewishamilton & @charles_leclerc✕Subscribe to Independent Premium to bookmark this articleWant to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today football
SubscribeAlready subscribed? Log inMost PopularPopular videosSponsored FeaturesGet in touchContact usOur ProductsSubscribeRegisterNewslettersDonateToday’s EditionInstall our appArchiveOther publicationsInternational editionsIndependent en EspañolIndependent ArabiaIndependent TurkishIndependent PersianIndependent UrduEvening StandardExtrasAdvisorPuzzlesAll topicsfootball BettingVoucher codesCompareCompetitions and offersIndependent AdvertisingIndependent IgniteSyndicationWorking at The IndependentLegalCode of conduct and complaintsContributorsCookie policyDonations Terms & ConditionsPrivacy noticeUser policiesModern Slavery ActThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inCloseUS EditionChangeUK EditionAsia EditionEdición en EspañolSubscribe{{indy football
truncatedName}}Log in / Register {{#items}}{{#stampSmall}}{{/stampSmall}}{{#stampClimate}}{{/stampClimate}}{{#stampPremium}}{{/stampPremium}}{{title}}{{#desc}}{{desc}}{{/desc}}{{#children}}{{title}}{{/children}}{{/items}}Indy100Crosswords & PuzzlesMost CommentedNewslettersAsk Me AnythingVirtual EventsVouchersCompare✕Log inEmail addressPasswordEmail and password don't matchSubmitForgotten your password?New to The Independent?RegisterOr if you would prefer:SIGN IN WITH GOOGLEWant an ad-free experience?View offersThis site is protected by reCAPTCHA and the Google Privacy notice and Terms of service apply football
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