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Profits at Manchester United fell by a third at the half-year stage due to lower gains from player sales, but the Premier League club said they were well placed for the future both on and off the field.
(Reuters) - The aggregate pre-tax profits of English Premier League clubs fell nearly 37 percent last season due to a spike in wages, according to Deloitte.
Premier League champions Arsenal said yesterday construction of their new stadium was well ahead of schedule as they reported that annual pre-tax profits had more than doubled to £10.6mil (US$19.05mil).
Manchester United, the world's richest soccer club, reported a 54% fall in half-year profits due to lower television revenue and heavy spending on players like England striker Wayne Rooney.
MANCHESTER, England (Reuters) - Premier League clubs enjoyed record profits and revenues in the 2016/17 season according to data released on Friday by Deloitte, who expect profitability to continue despite a decline in domestic broadcasting revenue.