Ed Woodward & Manchester United
Man United have today revealed their latest financials.
In the newly released documents, which are required as Man United are listed on the New York Stock Exchange, chief exec Ed Woodward penned a few eye-catching comments.
Woodward on Ole Gunnar Solskjaer
In midweek Champions League action, PSG handed Ole Gunnar Solskjaer his first defeat since becoming the interim boss.
Yet Solskjaer’s record remains impressive. Aside from the defeat, the Norwegian has 11 wins and a draw.
Will Solskjaer get the job on a full-time basis?
That’s unclear, however Woodward seems pleased with how OGS is getting on. Woodward told Man United’s shareholders:
The appointment of Ole (Gunnar Solskjaer) and Mike (Phelan) as caretaker manager and assistant manager, working with Kieran, Michael and Emilio, has had a positive impact throughout the club.
We are delighted with the improvement in the team’s performances since December and we look forward to a strong finish to the 18/19 season.
Man United’s latest financials
Man United believe they’ve made more money then predicted.
Man United are now projecting that the club’s 2018-19 revenues will rise from £615m to £630m.
Man United financial results 3 months to Dec 31 2018:
Broadcast up 38% year-on-year to £103.7 million.
Commercial up 1% to £65.9 million;
Sponsorship up 2.5% to £40.3m
— Rob Harris (@RobHarris) February 14, 2019
Jose Mourinho’s Manchester United payoff
Another key piece of information contained in the Man United report was Jose Mourinho’s payoff details.
The half-yearly accounts confirm that Mourinho and his staff received a collective £19.6 million pay-off following their dismissals in December. The report stated:
Exceptional items for the quarter were £19.6 million, relating to compensation to the former manager and certain members of the coaching staff for loss of office. Exceptional items for the prior year quarter were £nil.