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| Tweet Topic Started: 20 Sep 2014, 11:47 AM (72 Views) | |
| qi321 | 20 Sep 2014, 11:47 AM Post #1 |
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United executive vice-chairman Ed Woodward is certain van Gaal, who won titles with Ajax, Barcelona and Bayern Munich, has begun to reinvigorate the club. Air Max 2013 Women "The 2013-14 season was a very challenging and disappointing one," Woodward said. "But under Louis there is a real feeling at the training ground that we are at the start of something special. We are very excited about the future." After 26 years under Ferguson, there have been two new chapters in a year. Still searching for his first win after four matches in charge, this manager has to get it right. In its annual financial results, United said it cost 5.2 million ($10.3 million) in compensation to fire Moyes and some of his coaching staff after just 10 months in charge. United, which is owned by the Glazer family and listed on the New York Stock Exchange, remains a commercial juggernaut, with 2013-14 revenue up 19 per cent to a club record 433.2 million. But the failure to qualify for Europe under Moyes by finishing seventh has led United to forecast revenue in 2014-15 to drop by 10 per cent - around US$80 million - to as low as 385 million. "Our budgets assume a third-placed finish," Woodward said. Underlying profit is also forecast to drop from 130.1 million to between 90-95 million, although the debt which angered fans after the 2005 Glazers' takeover has fallen to 341.8 million. Air Max 90 Premium Tape But the 20-time English champions have been spending heavily in a bid to arrest the decline. Since the end of the financial year, United has spent more than US$200 million, including a British record fee of 59.7 million to sign Argentina midfielder Angel Di Maria from Real Madrid. But there will soon be further sponsorship cash to spend on transfers. Next year's accounts will reflect the start of the seven-year US$559 million shirt sponsorship with Chevrolet, but an adidas kit deal, worth potentially 75 million a year, doesn't start until 2015-16. Air Max 2013 for sale "Commercially, we continue to go from strength to strength," Woodward said. |
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8:14 AM Jul 11