Terrible decline in profits of Manchester United



Manchester United Declared today achieving a net profit of 23.8 million pounds during the last year, until June, representing a decline of 84% on an annual basis.
And the club spent, which did not qualify this season for any European competition, nearly 150 million pounds this summer in a contract with the new deals.
In spite of the decline in net profit, however, that the total profits of the Reds increased by 19 percent to
433 million pounds, thanks to sponsorship contract signed with one of the sportswear companies for a period of 10 years is worth of 937 million euros.  
And Man United administration trust in that the team will improve on the level of sporting level this season under new coach, Louis van Gaal.
Executive Vice President of the Club Premier, Ed Woodward said in a statement, "We look forward to the future and we are waiting to write a new chapter in the history of the club under the leadership of Van Gaal and new deals with the best players in the world to strengthen the team."
The "Red Devils" contracted this season with Argentine Angel Di Maria from Real Madrid for 59.7 million pounds, a record in English football. 


Man Utd also included Spanish Ander Herrera from Athletic Bilbao Spain of versus 28.8 pounds and Argentine Marcos Rojo from Sporting Lisbon for 16 million pounds and the Dutch Daily Blind from fellow Ajax versus 13.8 million pounds.  
the English club also contracted with Colombian Radamel Falcao on loan from Monaco for one season with an option allows to buy him..

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