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Press Release
11 January 2010
Red Football Ltd
Results for the year ended 30 June 2009 (£million)
2009 2008
Group turnover 278.5 256.2
Matchday revenue 108.8 101.5
Media revenue 99.7 90.7
Commercial revenue
70.0 64.0
Group operating profit before depreciation &
amortisation of players’ registrations and
goodwill
91.3 80.4
Total Depreciation & Amortisation (81.9) (79.5)
Depreciation (8.9) (8.7)
Amortisation of players’ registrations (37.6) (35.5)
Amortisation of goodwill (35.4) (35.3)
Share of operating profit in joint venture / associate
Profit on disposal of associate
-
-
0.1
1.3
Net interest payable (41.9) (45.5)
Profit on player transfers 80.7 21.8
Profit / (Loss) before tax
48.2
(21.4)
Secured bank loans
509.5 518.7
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Business review
Group turnover for the year was £278.5 million (2008: £256.2 million). Operating
profit before depreciation and amortisation of intangible fixed assets for the year was
£91.3 million (2008: £80.4 million). Profit before tax for the year was £48.2 million
(2008: Loss of £21.4 million).
The Manchester United team maintained a very high level of performance on the
pitch, winning the Premier League for the third consecutive season, winning the
Carling Cup, and finishing runners up in the Champions League. In addition to this,
the team were crowned World Club Champions.
During the year Old Trafford staged 34 major events, including 19 Premier League
home games, 6 UEFA Champions League, 5 domestic cup, 1 friendly and the Ole
Gunnar Solskjaer testimonial), the Engage Super League Grand Final and an
international rugby union fixture between Argentina and England.
Manchester United secured a new shirt sponsorship deal during the year with Aon
who will become the new principal shirt sponsor and will succeed AIG from the
commencement of the 2010/11 season. Manchester United also welcomes a number
of significant new commercial partners, including 3 Indonesia, Bharti Airtel and
Hublot as our official time keeping partner. In addition, we welcome back Audi as our
car partner.