The latest financial numbers from Manchester United have been out, and CEO Richard Arnold has been discussing them.
Sir Alex Ferguson’s “world-class football atmosphere” can be created at Manchester United, according to Richard Arnold, the club’s CEO.
United’s latest financial statistics showed a 7.3 percent increase in revenues over the previous year, according to Arnold’s remarks.
This is in large part due to the return of fans to Old Trafford, and Arnold assures that these fans will be included in the decision-making process moving ahead.
In the meantime, check out John Murtough’s take on the current state of the management search market.
New executive vice-chairman Arnold has been in charge of the club for a month, and in his first comments following an earnings news release, he has expressed his goal for success both on and off the field. At present, United are battling for fourth place in the Premier League table but their new CEO is unwavering in his commitment to developing a “plan to win” for the long term.
On the pitch and off, “everyone involved with Manchester United should have faith in our future prospects,” stated Arnold.
It is evident that we have a strategy to win and an empowered leadership team to accomplish it. It is our goal to create a world-class footballing environment in which our fans can thrive, while enhancing their role as stewards of Manchester United and using the club’s influence to improve the lives of others.
However, after Ole Gunnar Solskjaer was terminated in November, United paid out £10,000,000 to Ole Gunnar Solskjaer in the three months that ended December 31.
In comparison to last year, United’s net debt has increased by about £40 million to £494.8 million.