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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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Max Verstappen bounced back from his mistake in qualifying for the United States Grand Prix to put his Red Bull on pole position for today’s sprint race football
Verstappen will line up from only sixth place for Sunday’s main event at Austin’s Circuit of the Americas after his quickest lap was chalked off for exceeding track limits here on Friday night football
But less than 24 hours later, the triple world champion atoned for his error to seal top spot ahead of Ferrari’s Charles Leclerc by 0 football
055 seconds for the 19-lap dash to the chequered flag later today football
“The last lap was not great but we are still on pole so it shows the car is working well,” said Verstappen, with less than a tenth separating the top-three drivers football
“It will be an exciting afternoon with cars close to each other so we don’t know what will happen in the sprint race football
Normally in the race we are okay, but this track is demanding football
”Lewis Hamilton finished third, seven hundredths behind Verstappen, with Lando Norris and Oscar Piastri fourth and fifth respectively for McLaren football
George Russell qualified eighth football
It was not all plain-sailing for Verstappen after he spun on the exit of Turn 9 in Q2 football
Verstappen took too much kerb on the entry to the left hander which sent him onto the grass and into a pirouette football
But after he completed a 360-degree spin, Verstappen was able to make it back to his garage and into Q3 football
Hamilton also survived a hairy moment in the opening phase of qualifying when he nudged the back of Yuki Tsunoda’s AlphaTauri football
“Check my front wing,” said Hamilton on the radio football
“One of the drivers blocked me and we touched football
”Hamilton was able to continue and although the stewards noted the incident, no further action was taken football
Daniel Ricciardo, absent from the last five races with a broken hand, out-qualified Tsunoda to progress to Q2 and finish 11th football
Tsunoda starts 19th, one place ahead of Logan Sargeant who propped up the order for the second day in a row at his home event football
The sprint gets under way at 5pm local time (11pm BST) football
More aboutMax VerstappenCharles LeclercGeorge RussellLewis HamiltonJoin our commenting forumJoin thought-provoking conversations, follow other Independent readers and see their repliesComments1/1Max Verstappen back to his best to claim sprint race pole in AustinMax Verstappen back to his best to claim sprint race pole in AustinMax Verstappen will start from pole for today’s sprint race (Eric Gay/AP)AP✕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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