Commercial revenues for the year rose 24.1%, thanks to new and renewed sponsorships to a total of £189.3 million. Merchandise revenues fell though, probably as a result of the team’s performance on the field. Broadcasting revenues were up 33.7% to £135.8 million and game day revenues were down £1 million, which the club attributed to lost revenue from additional matches in the prior year related to the London Olympic Games.
Operating expenses rose by £62 million, more than half of which went to employees. The club fired its manager and his staff in April, incurring £5.2 million in compensation payments.
For the 2015 fiscal year, ManU said it anticipates revenue of £385 million to £395 million. That is well below 2014 revenue of £433.2 million and is likely due to the team’s failure to make qualify for the Champions League for the first time in 20 years.
Shares traded down about 3.6% in Wednesday’s premarket to $15.00, but had recovered to $15.31 in morning trading. The 52-week range is $14.26 to $19.97.
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