Club scores a loss

European absence hits Man U figures

Manchester UnitedManchester United slumped to a loss in the last quarter as the club paid the price for the absence of top level European competition.

It suffered a loss of £2.9m against an £11m profit for the corresponding period a year earlier. Adjusted ebitda came in at £25.4m.

Broadcasting revenue was £21.7m, a decrease of £13.9m, or 39%, over the prior year quarter, primarily due to five fewer Premier League live broadcast games and two fewer home games in the current quarter, and non-participation in the UEFA Champions League.

Matchday revenue for the quarter was £25.5m, a decrease of £11.6m, or 31.3%, over the prior year quarter, primarily due to two fewer Premier League home games in the current quarter and non-participation in the UEFA Champions League.

In the last quarter it unveiled three sponsorship deals Kama Games as official global social games partner, Swissquote as global Forex & Online Financial Trading Partner and Emtel as triple play partner in Mauritius.

Ed Woodward, executive vice chairman, said: “Our commercial revenues were up year over year and we are raising EBITDA guidance for fiscal year 2015 from £90-£95 million to £103-£110 million.

“As the season approaches its conclusion, we are pleased with the team’s performance in Louis van Gaal’s first season as manager and are well positioned to achieve a top four finish in the Premier League and to return to European football next year.

“As we look forward to next season, on the playing side we expect to be challenging for trophies in all competitions and on the commercial side we are excited by the numerous opportunities for further growth, including the first year of our ten year partnership with adidas.”


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