Analysis: Manchester United's commercial business drops for the first time in decades
25 September 2019
For the first time during the Glazer family's ownership, the club fail to grow their overall commercial business on a year-to-year basis.
That raises questions over Ed Woodward's claim that winning matches is commercially irrelevant.
Did we experience the end of an era on Tuesday? The Manchester United era in which commercial revenue grows regardless of poor performance on the pitch?
Even though Manchester United could reveal a record-breaking revenue of £627 million for 2019, the annual report also shed light on a rather worrying topic for the Manchester side.
But first, let's have a look at the breakdown of Manchester United's revenue:
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