Manchester United happy with Louis van Gaal amid Jose Mourinho job speculation-Sky Sources http://www.skysports.com/football/n...s-van-gaal-amid-jose-mourinho-job-speculation
Sky Sports News HQ "Everthing's rosy in the garden for United. Commercial revenues are up and its down in a large part some new deals but also that Adidas deal - £750m over 10 years. We are starting to see that bite in. "But the increased broadcast revenue shows the important of the Champions League and how much pressure Louis van Gaal is under to finish in the top-four this season. These figures don't reflect the fact that United are out of the Champions League now. "I'm predicting a less stellar performance from Ed Woodward around 1pm, when he makes his conference call to investors." TRANSFER WAR CHEST? For United supporters (and potentially a new manager), it's the following piece of info that is interesting... money, perhaps, for transfers in the summer: Cash and cash equivalents at end of period: £121.611m WOODWARD DELIGHTED Vice chairman Ed Woodward on Manchester United's financial results.... “Our strong commitment to investing in our squad, youth academy and the broader club are ultimately underpinned by our financial strength and the hard work and dedication of everyone at the Club. Our solid results off the pitch help contribute to what remains our number one priority - success on the pitch.” UNITED'S DEBT DECREASES That infamous debt that United incurred from the Glazers has continued to be reduced. Man United's debt was as high as £716.5m in the 2009 financial year, and it's more than halved since then to £322.1m. It's down 6% from £343.4m in the last quarter. Manchester United plc 2016: second quarter results Record revenues of £133.8m - up 26.6% Record adjusted EBIDTA £56.1m - up 32.3% EBITDA guidance raised from £178m to £188m Highlights Commercial revenues of £66.1 million up 42.5% for the quarter. Broadcasting revenues of £37.3 million up 31.3% for the quarter Two sponsorship deals announced in the quarter: Thomas Cook (renewal), Cable and Wireless Communications Announced licensing deals with New Era and Heroes
