Not only are Manchester United's fortunes sliding on the pitch, their fortune could also be dwindling off it. Despite seeing a rise in revenue to $574 million, for the first time in 17 years they can no longer count themselves among the top three richest football clubs in the world. For an organization that once spent eight years on top of an annual money table compiled by business advisory firm Deloitte, it represents a financial blow for one of soccer's most decorated clubs. Despite winning no silverware last season, Spanish giants Real Madrid came top for a record ninth consecutive year with a total revenue of $702 million, $47 million ahead of domestic rivals Barcelona in second. We all know the person to point the finger at here - it's David Moyes. His team currently sit seventh in the table, 14 points behind leaders Arsenal, and were knocked out of the FA Cup by Swansea and the League Cup by Sunderland. They have qualified for the knockout phase of the Champions League though, facing Greek side Olympiakos in the last 16. But will they make it to the quarterfinal, let alone the final? I don't think so, but Moyes has been able to win games for Man United so far this season.
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23 January 2014
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Not only are Manchester United's fortunes sliding on the pitch, their fortune could also be dwindling off it. Despite seeing a rise in revenue to $574 million, for the first time in 17 years they can no longer count themselves among the top three richest football clubs in the world. For an organization that once spent eight years on top of an annual money table compiled by business advisory firm Deloitte, it represents a financial blow for one of soccer's most decorated clubs. Despite winning no silverware last season, Spanish giants Real Madrid came top for a record ninth consecutive year with a total revenue of $702 million, $47 million ahead of domestic rivals Barcelona in second. We all know the person to point the finger at here - it's David Moyes. His team currently sit seventh in the table, 14 points behind leaders Arsenal, and were knocked out of the FA Cup by Swansea and the League Cup by Sunderland. They have qualified for the knockout phase of the Champions League though, facing Greek side Olympiakos in the last 16. But will they make it to the quarterfinal, let alone the final? I don't think so, but Moyes has been able to win games for Man United so far this season.
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