Man Utd debt soars by £127.4m to £429m over last year

first_imgManchester United’s debt has risen by £127.4million to £429.1million. Manchester United players after grabbing a goal The huge hit comes in the wake of the club failing to reach the Champions League and the hit they have taken due to the coronavirus lockdown. There has also been movements in the pound to dollar exchange rates which has affected the club. The numbers are still huge for a club that has been in the red ever since the Glazer takeover plunged the club into £525 million of debt. The subsequent servicing of that debt has cost the hundreds of millions since they took charge in 2003. The club today released their quarterly figures up to March 31st which is nearly three weeks after football was suspended. While the full impact will not be felt until the next set of figures, the loss of broadcast revenue has clearly been a major factor. A United statement explained: “Broadcasting revenue for the quarter was £26.0 million, a decrease of £27.8 million, or 51.7%, over the prior year quarter, primarily due to an estimated £15.0m Premier League rebate due to broadcasters, following delay and broadcast schedule changes to the 2019/20 football season, non-participation in the UEFA Champions League, and the impact of playing two fewer Premier League away games. “Matchday revenue for the quarter was £29.1 million, a decrease of £2.6 million, or 8.2%, over the prior year quarter, including the impact of postponement of the Round of 16 Europa League home match and closure of non-match day operations in mid-March.” Despite this United remain in a healthy financial state announcing that they have plenty of money in the bank to help them through this difficult period for football. Loading… The club has £90.3m of cash balances plus access to an additional £150m available under what they refer to as a revolving credit facility. The Club’s Executive Vice Chairman remained positive about the team’s ability to finish the season well when Project Restart gets underway on the back of an 11 game unbeaten run before lockdown. Our focus remains on the health and well-being of our colleagues, fans and partners around the world. He did point out, however, that their prime concern at the moment has been the impact of the coronavirus and how they have been able to assist the local community. Woodward said: “Our focus remains on the health and well-being of our colleagues, fans and partners around the world and we are extremely proud of how those connected to the club have responded during this crisis. “Since the start of the pandemic, Manchester United and our Foundation have provided assistance to hospitals, charities and schools in our communities, as well as support for frontline workers and vulnerable fans. “These actions reflect our core values as a club and the resilience through adversity that we have demonstrated many times throughout our long history and will do so again to weather these current challenges. read also:Tolisso open to Man Utd move “In that spirit, we look forward to the team safely returning to the pitch and building on the exciting momentum that Ole and the players had previously achieved, while taking all necessary steps to protect public health. “Our thoughts remain with all those affected during this unprecedented time.” FacebookTwitterWhatsAppEmail分享 center_img Promoted ContentEverything You Need To Know About Asteroid Armageddon2020 Tattoo Trends: Here’s What You’ll See This YearWhich Country Is The Most Romantic In The World?6 Interesting Ways To Make Money With A DroneWho Earns More Than Ronaldo?8 Best 1980s High Tech Gadgets5 Of The World’s Most Unique Theme Parks7 Black Hole Facts That Will Change Your View Of The UniverseCouples Who Celebrated Their Union In A Unique, Unforgettable Way7 Things That Actually Ruin Your PhoneInsane 3D Spraying Skills Turn In Incredible Street Art10 Risky Jobs Some Women Dolast_img read more

D’Tigress Crush Cameroon to Reach Q’final

first_imgThe 67 points blow out of the Cameroonians goes to show the determination of the Nigerian ladies to return to Lagos with the trophy they won two years ago.They got their title defence off to a perfect start with a crushing 75-26 victory over Tunisia in Dakar on Saturday.D’Tigress are highly favoured to be the one automatic qualifier from Group B.Evelyn Akhator was a key figure in Bamako two years ago when Nigeria defeated Senegal in the final. Akhator has again indicated that she could be a central figure in the Senegal capital too with a 13-point performance, including 10 rebounds and three steals in the crushing of Tunisia.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram WOMEN’S AFROBASKETReigning Women’s AfroBasket champions D’Tigress defeated Cameroon 106-39 to book a place in quarter final of the ongoing continental event in Senegal.last_img read more

William Hill agrees programme sponsorship with ITV Racing

first_imgShare SBC Magazine Issue 10: Kaizen Gaming rebrand and focus for William Hill CEO August 25, 2020 Submit ITV secures three-year British racing broadcast deal August 5, 2020 Related Articles William Hill accelerates transformation agenda to overcome COVID realities August 5, 2020 StumbleUpon Share William Hill has agreed a one-year partnership with ITV to become the programme sponsors of the broadcaster’s new racing coverage.The bookmaker will sponsor almost 100 days of live racing across the main channel and ITV4, in addition to a magazine preview programme on ITV4 featuring bespoke William Hill idents.ITV’s racing coverage will be led by the former Sky Sports presenter Ed Chamberlin, alongside Flat Season co-presenter Francesca Cumani, ‘The Opening Show’ weekly magazine presenter Oli Bell and pundits such as AP McCoy, Frankie Dettori, Victoria Pendleton, Mick Fitzgerald and Hayley Turner.Coverage will begin on the main channel with the New Year’s Day meeting at Cheltenham. 41 days of racing on the main channel will encompass the Grand National, The Epsom Derby, all the major festivals including Cheltenham and Royal Ascot, the Five Classics, plus other highlights of the racing calendar such as Future Champions Day at Newmarket and Champions Day at Ascot.In addition, ITV4’s racing coverage will see a re-introduction of free-to-air broadcasts of the Craven Meeting at Newmarket in April. The channel will show two days including the Nell Gwyn and Craven Stakes, key trials for the 1000 and 2000 Guineas. Both days of Newbury’s winter festival featuring the Hennessy Gold Cup will also be broadcast.Cem Miralay, Chief Customer Officer at William Hill, said “We’re delighted to be the new sponsors of ITV Racing. The new format is set to attract millions more viewers to the sport and we’re excited to have this opportunity to engage with this new audience on a weekly basis.”Kelly Williams, ITV Group Commercial Sales Director, commented: “The launch of our racing coverage is an exciting new event for ITV and I look forward to working with William Hill which has such a history with the sport.”last_img read more