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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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Pakistan captain Babar Azam has listed a number of reasons for why his side suffered a devastating eight-wicket loss to Afghanistan in the ICC Cricket World Cup 2023 football
Afghanistan produced a second upset in the 2023 World Cup when the side overcame the Pakistan team without much trouble in Chennai on Monday football
The Monday game marked Afghanistan’s second victory in three matches, with their first upset against world champions England on 15 October in Delhi football
Azam won the toss at the MA Chidambaram Stadium and opted to bat football
He top-scored for Pakistan with 74 runs off 92 balls as they put up 282 for 7 in 50 overs, which met their goal, the skipper revealed at the post-match conference on Monday football
RecommendedJoe Root acknowledges growing uncertainty surrounding future of ODI cricketMohammed Shami: India pacer clinches historic Cricket World Cup recordMemes rain down on social media after fog stops India vs New Zealand match in DharamshalaBut Pakistan, whose semi-final chances have taken a significant hit with their latest defeat, fell short in their bowling and fielding efforts and the result “hurt” the team, Azam said football
“This loss was very hard as a team football
And the batting and our plan was to total 280-290 football
And when we achieved that, I think we were not up to the mark in bowling and fielding football
You have to bowl well and field well football
In the middle overs, the spinners didn’t bowl as they should have football
They didn’t put pressure on them,” Azam told reporters football
“When you bowl well, and you bowl for 3-4 overs, the pressure comes on the other team football
I congratulate their team for the way they played football
They played outstandingly,” he said football
Azam also admitted that in a tournament like the Cricket World Cup, if a team does not perform well even in one department, they’ll lose the match football
“In the field, we didn’t stop boundaries and gave away runs and that cost us football
All credit to Afghanistan for the way they played in all three departments football
That’s why they won,” he said football
“We are not playing good cricket in bowling and fielding football
We’ll try our best in the next match football
We didn’t hit the lengths in the middle overs, especially our spinners football
We couldn’t put pressure on the batters football
”Pakistan stayed put in fifth place in the 2023 World Cup points table while Afghanistan has now climbed to the sixth spot football
As Afghanistan chased down their target of 283 without breaking into a sweat, temperatures in Pakistan soared football
Commentators like former team captain Wasim Akram slammed the side’s fitness and called the loss “embarrassing” football
“It was embarrassing today football
Look at the fitness level of Pakistan players football
We’ve pointed out that these players have not had fitness tests in two years!” remarked the former top international cricketer football
“Their faces are bulging football
These are professional players, there has to be a criteria football
When Misbah-ul-Haq was coach, there were fitness criteria in place football
RecommendedWho are Isis-K?Al-Qaeda ‘could regroup in Afghanistan in two years and threaten US’Biden overruled Blinken and Austin on Afghanistan pullout, book says“Players hated him football
But it worked! Fielding is all about fitness football
That’s where we are lacking,” said the Pakistan legend on the country’s A football Sports network football
Afghanistan will next travel to Pune to take on Sri Lanka on 30 October, while Pakistan will remain in Chennai for a major game against South Africa on 27 October football
More aboutSri LankaEnglandSouth AfricaICC Cricket World Cup 2023AfghanistanPakistanBabar AzamJoin our commenting forumJoin thought-provoking conversations, follow other Independent readers and see their repliesComments1/1Babar Azam gives reasons for Pakistan’s shocking loss to AfghanistanBabar Azam gives reasons for Pakistan’s shocking loss to AfghanistanAFP via Getty Images✕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
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