STRONG POSITION
MANCHESTER UNITED CLUB
Manchester United; who gained promotion to the First Division of the Football League last season, announce \ a profit of £6615 for the year ended May 14. This compares with a profit of £10,486 in the previous season, in which the club was in the First Division, arid a profit of £6528 in season 1935-36, when United won the championship. of/the Second Division; . - Gate receipts at Second Division games at Old Trafford' amounted to £30,880, a drop of almost £9000 on the previous season, when there were such attractive visitors as Manchester City and Arsenal, but £2000 more than in the 1935-36 promotion campaign. That United were uncommonly desirable guests is proved by a-re-turn of £3533 as share of away "gates* only £41 -less than they received in b their last season in the First Division.
The club, reached the fifth round of " the F.A. Gup competition, and these~ games yielded £4861, compared with £3441 in season 1936-37. Income from all sources amounted to £39,638, against £46,754 in 1936-37 and £38,001 in 1935-36. yx'" '-"''■
There were a number of savings on the expenditure account, players' wages and bonuses, now shown separately, came to £11,900, and the wages of the office, training, arid ground staff to £3656—a!total of £15,556; last sea-"; son this total was £16,027, plus £850 (for a player's benefit. ;. . The lanjd, building, and stands (now being further improved with cover for about 40,000 persons) are valued at £67,760, and the other main asset, the b players' account, stands at £37,187, compared with £31,380 on May 8,"1937; . The fees paid and received are. not • shown, but allowing for the,£6ooo paid to Newcastle for Smith, the centreforward, it seems that the club hai "broken even" on its other transactions. On a financial -valuation the club would appear to have a much stronger side than- when it emerged from thejfSeoond Division in May, 1936: the players* account was then returned at £18,843.
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Bibliographic details
Evening Post, Volume CXXVI, Issue 80, 1 October 1938, Page 22
Word Count
325STRONG POSITION Evening Post, Volume CXXVI, Issue 80, 1 October 1938, Page 22
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