Manchester United Reports Big Drop in Annual Profits
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English football (soccer) team Manchester United has reported a nearly 30 percent fall in its annual profits and warned that future results would be affected by a drop in media revenues.
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Manchester United's Premiership title challenge took a nosedive when they were held to a 0-0 draw by Everton.
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Manchester United suffer a setback to their title hopes as they are beaten by derby rivals Manchester City.
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Manchester United says player transfers and a weaker performance on the pitch cut its full-year profits by nearly a third.
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MAN UNITED&#39;S share price has fallen by just over 2.5%, less than expected after the resignation of Malcolm Glazer&#39;s bankers JP Morgan.
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Manchester United on Friday moved to the top of the football financial league in Britain by reporting a record turnover for last year of 481 million dollars.
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Manchester United moves from fourth to second in Deloitte's list of wealthiest clubs, topped by Real Madrid.
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MANCHESTER United yesterday reported lower annual profits of Â£27.9m as it warned future results would be affected by a drop in media revenues.
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Manchester United, the world&#39;s biggest soccer club, said revenue from broadcasting, a third of its total income, may plunge 25 percent next year as the team earns less from televised games in England and Europe.
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Manchester United drop from second to fourth in Deloitte's list of wealthiest clubs, still topped by Real Madrid.
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Arsenal, who are taking on debts of Â£360 million to build a stadium that will help them match Manchester United, will be still be earning less than United from shirt sponsorship
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MANCHESTER, Aug 30 (SW) - Manchester United failed to reassure their fans after extending their poor campaign start, as Alex Ferguson and his men were held to a goalless draw by Everton at old Trafford.
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Net profit dropped at the consumer products maker to 721 million euros ($1.04 billion) in the last three months of 2007, from 2.03 billion euros a year earlier.
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Sporting retailer JJB Sports posts a large drop in profits, blaming a lack of major football tournaments.
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United Airlines said in a bankruptcy-court filing yesterday that it eked out a $6 million net profit last month during the middle of the busy summer travel season.
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London: Manchester United, the worldâs wealthiest football club, confirmed on Monday they have received a âpreliminary approachâ regarding a possible takeover bid.
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Manchester United took a huge step towards reclaiming the Premiership title by snatching an unlikely stoppage-time winner over Liverpool after being reduced to ten men at Anfield on Saturday.