Manchester United post record profits

first_imgDebt, linked to the purchase of the club by the Glazer family in 2005, dropped to £213.1 million from £260.9 million a year previously.Broadcasting revenue rocketed by 38.2 percent to £194.1 million following the Premier League’s new rights agreement.Despite finishing sixth in the Premier League last season, United qualified for this season’s Champions League by virtue of winning the Europa League and also won the League Cup in Jose Mourinho’s first season in charge.Earlier this year, financial analysts Deloitte revealed United had returned to the top of football’s rich list for the first time since 2005, supplanting Real Madrid thanks to revenues of £515 million.In June, US magazine Forbes said the Manchester giants had overtaken Real Madrid as the world’s most valuable football team thanks to the club’s enduring brand appeal and aggressive sponsorship strategies.“We concluded a successful 2016/17 season with a total of three trophies (including the Community Shield) and a return to Champions League football,” said executive vice chairman Ed Woodward.“We are pleased with the investment in our squad and look forward to an exciting season.”The Premier League joint leaders expect similar figures during the current financial year.Woodward is also expecting a change in dynamic when it comes to bidding for TV rights, with non-traditional players such as Facebook and Amazon vying to enter the European football market.“Absolutely, I think they’ll enter the mix,” he said. “I think anecdotally there was strong interest in the last cycle.“We are hearing that around the Premier League table but we’re also hearing that from a European perspective as well, in terms of interest in the Champions League and in Europa rights.“But I think the wider picture you have to look at (is) what is happening elsewhere at the moment because obviously there aren’t any clear European sales to these kind of partners at the moment.”0Shares0000(Visited 1 times, 1 visits today) 0Shares0000Manchester United announced record revenue, earning revenues of £581.2 million ($783 million, 659 million euros) in the 12 months to the end of June and made an operating profit of £80.8 million © AFP/File / MOHD FYROLLondon, United Kingdom, Sep 21 – Manchester United announced record revenues and operating profits on Thursday despite missing out on the riches of the Champions League last season.The Old Trafford club earned revenues of £581.2 million ($783 million, 659 million euros) in the 12 months to the end of June and made an operating profit of £80.8 million.last_img read more

50-plus Christian protesters target Wal-Mart message

first_imgSACRAMENTO – Critics of Wal-Mart’s decision to replace “Merry Christmas” with “Happy Holidays” in its seasonal advertising found a lot of support Saturday outside a superstore here. Unfortunately for the 50 or so Christian protesters hoping to turn away customers over the dispute, most shoppers were not willing to interrupt their quest for the best holiday deals. “They have a valid point,” said Steven Van Noy, 39, of Citrus Heights, on his way out the store with a bag in his hands. “Christmas should be included in their ads. I believe in Christ, and I don’t like the use of ‘X-mas’ or the use of ‘Happy Holidays.”‘ But Van Noy shrugged when asked about his packages. “The bottom line is that they had what I needed at Wal-Mart, so I went to Wal-Mart to buy it,” he said. AD Quality Auto 360p 720p 1080p Top articles1/5READ MORERose Parade grand marshal Rita Moreno talks New Year’s Day outfit and ‘West Side Story’ remake The controversy over the secularization of the Christmas holidays has been going on for years, but a confluence of events seems to have ignited a national rage this year. The American Family Association and the Catholic League for Religious and Civil Rights are taking on retailers like Wal-Mart who have decided to tune down the religious aspects of the holiday in store decorations and promotional material. In an online petition conducted in recent weeks, the AFA gathered more than 500,000 signatures asking Target to include Christmas in its promotions. Stores such as Sears and Wal-Mart are facing boycotts. Wal-Mart spokeswoman Amy Wyatt said the company has made no effort to remove Christmas from its holiday ads. A company promotion that was set to run from mid-November to early January has been misunderstood by many because its slogan was “Home for the holidays.” “It was a matter of choosing a slogan that carries through the entire season,” Wyatt said. “The signs went up before Thanksgiving and won’t be taken down until after New Year’s. The idea was to focus on the family.” Saturday’s protest was organized by religious leaders including Dick Otterstad of the Church of the Divide in Georgetown, east of downtown Sacramento. Donning a Santa Claus costume and surrounded by a handful of supporters, Otterstad greeted shoppers with a single message: Don’t forget about the meaning of Christmas. “It is insulting that Wal-Mart has chosen to ignore the reason for the season,” Otterstad said. “Taking the word Christmas out of the holiday implies there’s something sinful about it. … This is a part of our culture.” Several Russian churches and their immigrant members took part in the Sacramento protest. Inna Sagun, 28, originally from the Ukraine and now living in Sacramento, said Americans should be careful not to lose their holiday traditions. “We know what it was like not to be able to celebrate our religious beliefs,” Sagun said, holding a sign that read ‘Honk for Christmas’ and waving at drivers. “It’s very important to protect it.” Earlee Marshall, 32, of Sacramento, pushed a big load of purchases from the store, but said he supported the protesters. “A lot of people have forgotten the significance of Christmas,” Marshall said. “It used to be about family and friends. But now it’s more about who can give the biggest gifts and who got the best toys.” 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more