Q1: Manchester United executives talk up academy graduates and confidence in sponsorship business
18 November 2019
Executive vice chairman Ed Woodward addressed club investors in conference call following the release of the first quarter results for 2020.
Drop of 23.1 per cent in broadcast revenues compared to last year period due to non-participation in Champions League. Bigger impact on revenues expected in second quarter results.
Total revenues for the period of £135.4 million reflect growth in commercial and matchday income.
Group managing director Richard Arnold says “a number of major categories open for future sponsorship”
Despite a “mixed start” to the Premier League campaign, Manchester United’s executive vice chairman Ed Woodward says investment in youth and “strong financial performance” is strengthening the business.
United are 18 points behind Premier League leaders Liverpool after just 12 games. Having failed to qualify for the Champions League, they have progressed to the knockout stages of the Europa League.
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