About this content About Leo Grieco Leo joins us with a degree in Media Production from Bournemouth University. His work includes reporting for the UK editorial team and video editing for the broadcast team. He comes with an expertise in video editing and producing. Leo’s specialities include hospitality and leisure, support services, tech and video games. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and fi ...

Core Insights - Manchester United's stock rose 7.5% following the Premier League's approval of Jim Ratcliffe's acquisition of a 25% minority stake in the club [1] - The stock is on track for its largest daily percent increase since November 17, 2023, when it rose 7.87% [1] - Ratcliffe's liquid assets are reported to be in excess of $4 billion [2] Company Overview - Manchester United is the most successful team in the history of the English top division, having won 20 league titles, with 13 of those in the Premier League era since 1992 [2] - The club was founded in 1878 as Newton Heath and became Manchester United in 1902 [2] - Under manager Erik ten Hag, Manchester United won its first silverware in six years by defeating Newcastle United 2-0 in the League Cup final [3] Recent Performance - Manchester United's shares have decreased by 11.7% over the last 52 weeks, contrasting with the S&P 500's gain of 20.2% [3] - The club is currently positioned sixth in the Premier League and recently won against West Ham United with a score of 3-0 [3]

Core Insights - Manchester United plc has partnered with SCAYLE to launch a new e-commerce platform aimed at enhancing the direct-to-consumer experience for its global fan base [1][2] - The company is optimistic about this strategic partnership, viewing it as a milestone in improving fans' e-commerce experience [2] - Manchester United is focusing on strategic collaborations to diversify its product offerings, having reported seven collaborations in 2023, including partnerships with MLILY and WOW HYDRATE [3] E-commerce Platform - The new e-commerce platform, powered by SCAYLE, is expected to launch later this year and will undergo continuous enhancements post-launch [1] - The platform aims to provide a captivating and personalized experience for fans, adapting quickly to changing requirements [1] Strategic Collaborations - In 2023, Manchester United has engaged in seven collaborations, including extending its partnership with MLILY for relaxation products and a new partnership with WOW HYDRATE as the official sports hydration partner [3] - These collaborations are intended to cater to the evolving preferences of the fan base and enhance product offerings [3] Financial Performance - Shares of Manchester United have increased by 9.5% over the past three months, which is below the Zacks Leisure and Recreation Services industry's growth of 22% [4] - The company is experiencing an uptrend in ticket sales and attendance, which is expected to contribute to growth momentum in the future [4]

MANCHESTER, England--(BUSINESS WIRE)--Manchester United has today announced it has chosen SCAYLE as its official e-commerce platform partner, ensuring United has one of the most modern commerce platforms in the industry. The club’s new e-commerce experience will launch later this year and continue to be evolved in alignment with the club’s ambition of delivering a best in class direct-to-consumer experience for its global fan base. SCAYLE is one of the fastest-growing enterprise e-commerce platforms in t ...

Core Viewpoint - Manchester United has appointed Omar Berrada as the new Chief Executive Officer, marking a significant step towards revitalizing the club's focus on football performance and achieving its ambition of becoming a title-winning team [1][2]. Group 1: Appointment of CEO - Omar Berrada brings extensive experience in football management, having previously served as Chief Football Operations Officer for City Football Group and held senior roles at Barcelona [1]. - The club aims to re-establish itself at the top of English, European, and world football, echoing the vision of legendary manager Sir Matt Busby [2]. Group 2: Club Overview - Manchester United is recognized as one of the most popular and successful sports teams globally, with a rich 146-year football heritage and a record of 67 trophies [3]. - The club boasts a global community of 1.1 billion fans and followers, providing a substantial platform for revenue generation through various channels such as sponsorship, merchandising, and broadcasting [3].

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Manchester United shares fell Wednesday after the iconic English soccer club lowered its 2024 revenue guidance, citing the club’s early exit from the Champions League and the related impact on broadcasting revenues.The club exited the Champions League at the group stage in December following a 1-0 defeat by German giants Bayern Munich at Manchester United’s Old Trafford Stadium. Manchester United last won the Champions League in 2008.Shares of operator Manchester United Ltd. MANU, -5.09% fell 5.8% Wednesday ...

Group 1 - Manchester United Plc has reduced its earnings guidance due to its exit from the UEFA Champions League and a decrease in broadcasting revenue [1] - The club now expects revenue to be between £635 million and £665 million for the year ending June 30, down from previous expectations of £650 million to £680 million [1] - Adjusted EBITDA guidance has also been lowered from a range of £140 million to £165 million to a range of £125 million to £150 million [1] Group 2 - In the quarter ending September, Manchester United reported a 9.3% increase in revenue to £157.1 million compared to the previous year, but a 1.3% decline in adjusted EBITDA to £23.3 million [1] - Commercial revenue for the quarter rose by 3.4% to £90.4 million year-over-year [1] - The club's ownership situation has been under scrutiny, with UK billionaire Jim Ratcliffe acquiring a 25% stake after a prolonged sale process [2]

MANCHESTER, England--(BUSINESS WIRE)--Manchester United (NYSE: MANU; the “Company” and the “Group”) – one of the most popular and successful sports teams in the world - today announced financial results for the 2024 fiscal first quarter ended 30 September 2023. Outlook For fiscal 2024, the Company is forecasting revenue guidance to be within a range of £635 million to £665 million from prior guidance of £650 million to £680 million and adjusted EBITDA guidance to be within a range of £125 million to £150 ...

Financial Performance - Total revenue for the fiscal year ended June 30, 2023, was £643.9 million, an increase of 10.4% from £583.2 million in 2022[190] - Total revenue for the year ended June 30, 2023, was £648.4 million, an increase of £65.2 million, or 11.2%, compared to the previous year[338] - Total operating expenses decreased by £11.5 million, or 1.7%, to £681.1 million, with employee benefit expenses down £52.8 million, or 13.7%[344] - The income tax credit for the year ended 30 June 2023 was £3.9 million, a significant decrease from £34.1 million for the year ended 30 June 2022, primarily due to deferred tax assets recognized from losses[351] - Cash generated from operations for the year ended 30 June 2023 was £128.9 million, an increase of £7.2 million from £121.7 million for the year ended 30 June 2022, driven by increased Commercial and Matchday revenues[367] Revenue Breakdown - Commercial revenue reached £302.9 million for the year ended June 30, 2023, up from £257.8 million in 2022, reflecting a growth of 17.5%[186] - Total Commercial revenue for the year ended June 30, 2023, was £302.9 million[319] - Total sponsorship revenue for the year ended June 30, 2023, was £189.5 million[320] - Total retail, merchandising, apparel & product licensing revenue for the year ended June 30, 2023, was £113.4 million[322] - Total Broadcasting revenue for the year ended June 30, 2023, was £209.1 million[325] - Total Matchday revenue for the year ended June 30, 2023, was £136.4 million[326] Sponsorship and Partnerships - The agreement with adidas, extended until June 30, 2035, enhances the company's global technical sponsorship and dual-branded licensing rights, excluding mono-branded licensing rights[198] - In fiscal year 2023, the company announced five new global and regional partnerships and extensions to three existing partnerships, emphasizing a proactive approach to securing sponsorships[197] - The primary source of revenue in the commercial sector comes from sponsorship agreements, allowing global companies to partner with the club[238] - Sponsorship agreements provide various rights, including exposure on the club's television platform, website, and social media channels[239] - The club's strategy focuses on larger, established global brands for sponsorships rather than regional partnerships[240] Broadcasting and Media Rights - Broadcasting revenue was £209.1 million for the year ended June 30, 2023, a decrease of 2.6% from £214.9 million in 2022[188] - The international broadcasting rights for the Premier League's new cycle represent a 28% uplift on the previous cycle, with overall growth for the current cycle at 16%[206] - The UEFA club competition's media rights agreement, worth €3.5 billion per season, marks a 9% increase on the previous contract, indicating strong demand for live sports content[207] - Broadcasting revenue from the Premier League is shared among clubs based on finishing position and live television appearances, with international rights fixed at the previous cycle's equal share adjusted for inflation[255] Matchday Revenue - Matchday revenue increased significantly to £136.4 million for the year ended June 30, 2023, compared to £110.5 million in 2022, marking a growth of 23.5%[189] - The average attendance for home Premier League matches has been over 99% since the 1997/98 season, indicating high capacity utilization[279] - The company aims to enhance matchday revenue by restructuring stadium composition, focusing on developing hospitality facilities that sell at higher prices[281] Digital and Fan Engagement - The CRM database holds approximately 60.0 million records as of June 30, 2023, providing insights to drive revenue[182] - Total social connections grew to over 240.9 million as of June 30, 2023, representing a 9.1% increase from 220.8 million in 2022[182] - The club's digital collectibles range and Discord community launched in the year ended June 30, 2023, targeting younger audiences and expanding engagement opportunities[205] - The mobile application launched in 2018 has been enhanced to include features such as messaging and access to the Premier League archive, driving additional data acquisition and personalization capabilities[270] Financial Sustainability and Regulations - UEFA's cost control rule restricts spending on player and coach wages, transfers, and agent fees to 70% of club revenues, with gradual implementation to reach this percentage by the 2025/26 season[286] - The club's financial sustainability regulations aim to ensure clubs operate within their means and maintain financial stability[290] - The club reported a loss of €34.4 million for the four years ended June 30, 2022, exceeding the allowable loss limit of €5 million by €29.4 million[288] - The updated break-even assessment allows a larger deficit of up to €60 million over a three-year period, which can be increased to €90 million based on specific financial criteria[285] Investments and Expenditures - Net capital expenditure on property, plant and equipment for the year ended June 30, 2023 was £15.6 million, an increase of £7.3 million from £8.3 million for the year ended June 30, 2022[372] - Net capital expenditure on intangible assets for the year ended June 30, 2023 was £124.6 million, an increase of £39.5 million from £85.1 million for the year ended June 30, 2022, primarily due to player acquisitions[372] - The company has conducted 29 exhibition games globally over the last 6 years, generating guaranteed fees and additional revenue from sponsorship opportunities[247] Community Engagement and Sustainability - The Foundation delivered over 23,000 sessions in 2022/23, totaling more than 30,000 hours of community outreach programs[296] - The club achieved the Carbon Trust Standard and the Gold Standard in Green Tourism Business Certification, reflecting its commitment to sustainability[304] Player and Team Development - The youth academy has included a homegrown player in every matchday squad for the last 85 years, contributing to the club's talent development and reducing transfer market expenses[234] - The men's first team consists of 60 players under contract, with 32 having made appearances for the team[228] - The club's women's team aims to develop a competitive squad with a core of players from its successful Girls' Regional Talent Club[233]