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Date: 2023-12-08 14:32:54 | Author: Casino Rebate | Views: 226 | Tag: football

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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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

Hi {{indy football

fullName}}My Independent PremiumAccount detailsHelp centreLogout @keyframes spin{0%{transform:rotate(0)}to{transform:rotate(1turn)}}@keyframes slidedown-video{0%{transform:translateY(-100%)}to{transform:translateY(0)}}@keyframes slideup-video{0%{transform:translateY(200%)}to{transform:translateY(0)}} football

It landed in late August, rocking New Zealand like a flanker’s perfectly timed tackle to the ribs football

The All Blacks were already on their way to France, finishing their final preparations for the Rugby World Cup when a panel conducting long-awaited review of governance released a damning report declaring the constitution and structures of New Zealand Rugby (NZR) “not fit for purpose” football

The report did not paint a pretty picture football

“In the panel’s view, New Zealand Rugby has too many professional players,” it explained football

The NPC, New Zealand’s provincial competition, is “unsustainable in its current format” football

The five franchises that play in the top-level Super Rugby Pacific competition “are struggling financially” football

“New Zealand Rugby in the professional era is a large and complex business,” said chair of the review panel David Pilkington football

“The structure it sits within was not designed for a business of this size and complexity football

” The financial reports are anything but all black – NZR reported a financial loss of just over NZ$47m (£22 football

5m) last year football

Which is of deep concern not just for the union, but for rugby globally, too football

The problems in New Zealand are reflective of a precarious global ecosystem: too many professional players being paid wages beyond that which their clubs and unions can afford, with revenues not growing to keep up with salary inflation football

If a commercial behemoth like the All Blacks is not a sufficient money-spinner to sustain a professional structure, what hopes do emergent unions have?Rugby is embedded in New Zealand’s culture football

It is a vital tool of trade for a land of only five million people, a small collection of islands in the south Pacific afforded global prominence by its ability to punch above its weight on the pitch football

Australia coach Eddie Jones remarked this summer that New Zealand’s economy would suffer if his Wallabies beat the All Blacks; an analysis conducted by The New Zealand Herald found that there was some truth to the quip football

The Taranaki Bulls won this year’s New Zealand National Provincial Championship (Getty)In terms of brand recognition, New Zealand’s national men’s rugby team ranks alongside the biggest sporting entities football

Visit almost any inhabited corner of the world and mention rugby, and it is remarkable how often the words “All Blacks” will feature in the reply football

“You have to understand, New Zealand is a very young country and rugby has put this country on the map,” 2011 World Cup-winning head coach Graham Henry once explained to The Guardian football

“This country earned respect from the rest of the world for three things: what we did in two world wars, and to a lesser extent what we’ve done on the rugby field football

So over time rugby has become a major part of our national identity football

”Do the problems suggest that feeling is fading for some New Zealanders? There is perhaps a developing sense of apathy among domestic fans football

Rugby union is no longer so certain of its place in Kiwi hearts football

football Basketball has surged in popularity in the country, while rugby league’s New Zealand Warriors have sold out Mt Smart Stadium regularly in 2023 as the NRL makes a long-awaited breakthrough across the Tasman football

The Warriors’ average home attendance this season was 22,685; across town, Auckland’s Blues had short of 13,000 in at Eden Park for their Super Rugby Pacific quarter-final against the Waratahs football

Eden Park’s stands were far from full for the Blues’ quarter-final win over the Waratahs in June (Getty)On the pitch, Super Rugby Pacific has lost its lustre, with South Africa’s move into Europe’s club competitions a blow even if the Fijian Drua have brought a breath of fresh air football

The geographical realities of being so isolated mean New Zealand had little option but to re-up a deal with Australia, a rugby nation dealing with plenty of its own struggles football

Rumours abound of renewed involvement from Argentina and Japan, or a new American venture, but growing the financial pot will not be easy football

A number of senior figures will depart Aotearoa after this tournament for lucrative contracts in France and Japan, either permanently or on sabbatical football

While new stars like Will Jordan and Cam Roigard are emerging, they do not seem to have the same cultural cut-through as the men in black who have come before football

In the 20 years football between 2000 and 2020, there was a 20 per cent drop in player participation in rugby union at New Zealand’s secondary schools football

The “Baby Blacks” have not made any of the last three U20 Championship finals – is the world’s best rugby production line grinding to a halt?“I don’t know about falling out [of love] with the game but I think they’re falling out with a few things that are happening within the game, that’s frustrating people football

It can be hard to watch at times,” Steve Hansen, who guided the All Blacks to the 2015 World Cup victory, explained to Newstalk earlier this year football

“There’s no dispute that Super Rugby has to change football

It’s pretty predictable and still stuck where it was four or five years ago football

You go through the quarter-finals and it wasn’t that exciting as you knew who was going to win football

“I haven’t stopped to think about where it’s going to be in 20 years, I’m more worried about where it’s going to be in five football

football

football

I think we’re at the crossroads football

Unless we make some strong changes and start listening to the people that want to come along and watch it then it will just be the participants playing it football

”However rocky the picture beneath them, the All Blacks clearly remain big business football

Last year, a stake in New Zealand Rugby (NZR) was sold to Silver Lake, an American private equity firm also involved in the City football Football Group football

The deal valued the commercial assets of NZR at NZ$3 football

5bn (£1 football

67bn) football

The All Blacks are hoping to win a fourth World Cup (Getty)You suspect the investors will be pretty happy if, come Saturday night, Sam Cane has his hands on the Webb Ellis Cup football

Certainly, the commercial landscape will look rather more pleasing if New Zealand’s men join their women back at the top of the rugby world – for the good of an ailing domestic game, the All Blacks need a World Cup win more than you might think football

More aboutNew Zealand rugbyAll BlacksSuper RugbyRugby World Cupprivate equitySteve Hansengraham henryJoin our commenting forumJoin thought-provoking conversations, follow other Independent readers and see their repliesComments1/4Why the All Blacks need a World Cup win more than you might thinkWhy the All Blacks need a World Cup win more than you might thinkThe Taranaki Bulls won this year’s New Zealand National Provincial Championship Getty ImagesWhy the All Blacks need a World Cup win more than you might thinkEden Park’s stands were far from full for the Blues’ quarter-final win over the Waratahs in June Getty ImagesWhy the All Blacks need a World Cup win more than you might thinkThe All Blacks are hoping to win a fourth World Cup Getty ImagesWhy the All Blacks need a World Cup win more than you might thinkThe All Blacks will take on South Africa in the World Cup final Getty✕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

Hi {{indy football

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