United set a record for Premier League against the trend, revenue climbed, debt remained stable
Manchester United announced a record high in the Premier League in its financial report for the 22-23 fiscal year, with revenue reaching 648.4 million pounds, an increase of 11% year-on-year, which is eye-catching. Despite not being able to compete in the more profitable Champions League last season, Manchester United's record revenue demonstrates the club's strength. At the same time, Manchester United also predicts that revenue will climb again in the 2023-24 season, with an estimated range of between 650 million and 680 million pounds. Surprisingly, Manchester United's salary expenditure fell by £52.8 million to £331.4 million, a decrease attributed to player mobility and the absence of the Champions League last season. This result further demonstrates Manchester United's outstanding ability in financial management. The report also clearly states that the Glazer family, as the owner of the club, did not receive any dividends, showing their commitment to the club's long-term interests and stable development. Manchester United's long-term debt has remained stable at £507.3 million, equivalent to $650 million, the same as last year. However, debt denominated in pound this year is lower than last year due to year-on-year changes in exchange rates, which is good news for the club's financial situation. Manchester United's financial report is eye-catching and demonstrates the club's outstanding abilities in commercial operations and financial management. These achievements are not only a reflection of the fighting spirit and strength on the court, but also a proof of Manchester United's value and influence as a globally renowned brand. As a giant in the Premier League, Manchester United will continue to lead the industry's development trend in the future, bringing fans more exciting games and surprising financial performance.
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