Finance guru issues ‘huge’ Man United claim after £5m reveal – ‘we don’t see this anywhere else’
The accounts of Man United come under so much scrutiny because they are a “huge entity” listed on the New York Stock Exchange.
That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the Red Devils’ latest quarterly report.
United revealed a £5.4million loss in their Q2 results published last Thursday (3 March), with revenues amounting to £184.5m.
The club are obliged to publish their results every three months because of their status as a public limited company on the Stock Exchange.
And Plumley argues that this means that United’s finances are examined in more detail than almost any other club.
“I think it’s a mixed set of results,” the Sheffield Hallam University expert told Football Insider‘s Adam Williams.
“The pay-off to Solskjaer and his staff was about £10m in this period. Revenue was up by about £30m. Net debt was up too.
“Wages, overheads and amortisation, they went up faster than revenue. That’s why we have a mixed picture.
“We focus on United more because they are a huge entity and they float on the Stock Exchange. We don’t see that in any other club in England.
“We do tend to scrutinise their figures in a bit more detail because we get more updates. You have to average out over the course of the year, of course.”
United first floated on the New York Stock Exchange in 2013.
Their share price recently hit an all-time low.
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