Man U announce £140m debt

first_imgRelatedPosts Player prices may go down after COVID-19 pandemic — Southampton manager Angry Man U fans attack Ed Woodward’s mansion EPL: Newcastle dare Red Devils Manchester United have announced their net debt has increased by almost £140 million in their latest financial figures, even after posting another revenue increase for the first quarter of 2019-20.The startling increase in debt levels from £247.2 million to £384.5 million, a rise of 55.5 per cent, will do little to appease disgruntled fans, unhappy with the way the club is run by the Glazer family owners and executive vice-chairman Ed Woodward.United have posted revenues of £135.4 million for the first quarter of 2019-20, which represents a £400,000 increase on the same period for the previous year.Commercial revenue was £80.4 million, a 5.9 per cent increase on the previous year, but the club are expecting 2020 annual revenue to be down this year to somewhere between £560 million and N580 million, compared to £627.1 million for the year ending June 30, 2019, though the club’s wage bill has dropped slightly.In part that will be due to the club’s lack of Champions League football this season. Broadcasting revenue for the quarter was £32.9 million, a 23.1 per cent and £9.9 million drop on the same quarter the year before.“We have a clear vision in terms of football philosophy and recruitment,” Woodward said. “The significant investments that we have made in recent years in areas such as transfers, recruitment infrastructure, analytics and our academy are already beginning to bear fruit.“We are very proud to be shortly approaching a milestone 4,000th game featuring an academy player, and we are particularly optimistic regarding the considerable young talent currently coming through.“Our ultimate goal is to win trophies by playing exciting football with a team that fuses graduates from our academy with world-class acquisitions.” Tags: Ed Woodwardlast_img read more

Premier open camogie league season away to Cats

first_imgThe Premier County’s senior camogie team travel to meet defending champions Kilkenny in their first Division 1 Group 1 match.Tipp manager Brian Boyle says the clash with the Cats is the beginning of a very testing period for his players.The action at the MW Hire Training Centre in Kilkenny begins at 2 o’clock – Tipp FM will bring you updates on the match.last_img

NBA All-Star 2019: Mike Budenholzer to coach Team Giannis vs Team LeBron

first_imgNBA ALL-STAR: Gobert most glaring snub among reserves, Deveney saysThis will be Budenholzer’s second All-Star coaching gig. He was in charge of the East four years ago while coaching the Hawks.”It’s a great honor,” Budenholzer told reporters, per The Associated Press. “It says a lot about our team. The players are the ones who put the coaching staff in that position. I’m incredibly grateful to our entire roster and all those guys.”From the looks of the exchange below, Budenholzer had a sweet getaway planned around the holiday weekend of Feb. 16-18: I asked Bud where he’s NOT going because he’s going to Charlotte for the All-Star Game.”Costa Rica,” he answered.I wouldn’t blame him if he’s a teensy bit bummed about that location change.— Matt Velazquez (@Matt_Velazquez) February 1, 2019Antetokounmpo will select the roster for Budenholzer and his staff at the All-Star draft on Feb. 7. Team Giannis will be going up against Team LeBron, captained by LeBron James, on Feb. 17 at Charlotte’s Spectrum Center.MORE: Read the list of All-Star startersThe Warriors’ Steve Kerr or the Nuggets’ Mike Malone, representing the West, will coach Team LeBron. Golden State (36-15) leads Denver by six percentage points in the conference standings after Thursday’s games. Mike Budenholzer will have to cancel his mid-February vacation trip to Central America; he’s now scheduled to be in Charlotte, N.C., to coach Team Giannis during NBA All-Star Weekend.Budenolzer earned the honor Thursday when his Bucks, led by All-Star captain Giannis Antetokounmpo, defeated the Raptors in Toronto, the league announced. Milwaukee (37-13) clinched the best record in the East through Sunday, Feb. 3.last_img read more