Premier League
GOOD RETURNS FOR MANCHESTER UNITED DESPITE ON-FIELD SLIP UPS
Playing attacking football and winning trophies still remains the ultimate goal for Manchester United, the Premier League club said after sponsorship deals helped them post a jump in first-quarter core earnings.
The 20-time English champions, who failed to qualify for this season’s Champions League, Europe’s premier club competition, saw their revenue flat line in the quarter but stood by their annual revenue and core profit targets.
Financial performance was driven by an 8% jump in sponsorship revenue largely due to new deals with well-known brands, highlighting the club’s commercial appeal even as they misfire on the pitch.
Executive Vice Chairman Ed Woodward promised significant investment over the coming transfer windows to add “world-class acquisitions” to a relatively young squad made up of several academy graduates.
United sit in seventh place after 12 matches in the Premier League, outside the automatic European qualification spots. They have also qualified for the knockout round of the continent’s less lucrative Europa League.
Woodward, a former investment banker who advised the American Glazer family on its takeover of United in 2005, has often come under fire from fans who claim that he puts commercial interests above success on the pitch.
Manager Ole Gunnar Solskjaer has relied heavily on players coming through the youth academy to try and turn the team’s fortunes around, putting the spotlight on academy graduates including Marcus Rashford, Scott McTominay and Mason Greenwood.
United have a history of success with youthful squads, most notably under Matt Busby in the 1950s and 1960s and Alex Ferguson’s class of 1992, which included the likes of David Beckham and Ryan Giggs.
Since Ferguson’s retirement after the 2012-13 season, United have failed to challenge for the league title, while rivals Manchester City have won three championships and traditional foes Liverpool are now top of the standings.
United’s core profit rose 18.4% to 34.8 million pounds ($45.05 million) for the three months to Sept 30, as employee costs also fell nearly 9%.
The club had warned in September that annual revenue would fall for the first time in five years as they will not be able to capitalise on UEFA’s broadcasting revenue distribution system.
Revenue from broadcasting dropped by nearly a quarter, and the club said the majority of the full-year impact from missing out on the Champions League would occur in the second quarter.
The company’s New York-listed shares were up 2.5% at $16.65 in premarket trading.
-Reuters
Thomas Partey, who formerly played for English Premier League soccer club Arsenal, has been charged with rape and sexual assault, London’s Metropolitan Police said on Friday.
Partey, a Ghana international, was charged with five counts of rape and one count of sexual assault, with the charges relating to three women and the offences reported to have taken place between 2021 and 2022, the statement said.
Partey’s management did not immediately respond to a request for comment.
He is due to appear at London’s Westminster Magistrates’ Court on Aug. 5.
Partey, 32, was signed by Arsenal from Atletico Madrid for 50 million euros ($59 million) in October 2020 and became a key member of Arsenal’s first team.
He was first arrested in July 2022, though he was not named at the time and continued to play for Arsenal while investigations were ongoing.
-Reuters
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Five players including England forward Marcus Rashford and Argentina winger Alejandro Garnacho have informed Manchester United that they wish to explore a future away from the Premier League side, a club source said on Friday.
Brazilian midfielder Antony, Dutch defender Tyrell Malacia and England international Jadon Sancho are also looking to leave the club, the source added.
Rashford, who has made more than 400 senior appearances for United, has fallen out of favour with manager Ruben Amorim, played for Aston Villa on loan while United had their worst-ever Premier League campaign, finishing 15th in the standings.
Amorim had called Rashford’s work rate into question, saying he would rather put a goalkeeper coach on the bench than a player not giving their all.
Rashford said he was feeling fitter and better since joining Villa, where he scored two goals in 10 league appearances.
United also failed to qualify for the Champions League as they lost the Europa League final 1-0 to Tottenham Hotspur. Garnacho, who was a late substitute in the final, voiced his displeasure on social media after the loss.
“Up until the final, I played every round helping the team, and today I play 20 minutes, I don’t know,” he wrote in a post . “The final will influence (my decision), but the whole season, the situation of the club.”
Sancho was on loan at Chelsea, where he made 31 league appearances last season. Antony, who joined United from Ajax Amsterdam in 2022 for a reported initial transfer fee of more than $100 million, scored five goals in 17 LaLiga appearances on loan at Real Betis.
Malacia joined Dutch side PSV Eindhoven on loan in February.
-Reuters
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Manchester United captain Bruno Fernandes turned down the opportunity to join Saudi Pro League side Al-Hilal in order to keep playing “at the highest level”, he said on Tuesday.
The Portuguese midfielder admitted that he had considered the move, which media reports said was worth four times his current salary, after being contacted by Al-Hilal’s president.
“There was that possibility, the president of Al-Hilal called me a month ago to ask me about it,” Fernandes, who is preparing to face Germany with Portugal, told reporters on Tuesday.
“It was a big offer, very ambitious. There was a waiting period for me to think about the future.”
Fernandes ultimately decided to stay at United and said he was motivated by his desire to continue playing at the top level and encouraged by his family and the club’s coach Ruben Amorim.
“I would be willing to do it if Manchester United thought so,” Fernandes added. “I spoke to the coach Ruben Amorim who really tried to talk me out of it. The club said they would not be willing to sell me, only if I wanted to leave.
“I spoke to my wife and family, and she asked me what my personal goals were in my career.
“It would have been easy to move there but I want to keep myself at the highest level, playing in the big competitions and I feel capable of it. I am happy with my decision.”
The 30-year-old Fernandes scored 19 goals and provided 19 assists in 57 appearances across all competitions for United last season, winning the club’s Player of the Year award for the fourth time.
However, it was a season to forget for the team, as they finished 15th in the Premier League, their lowest league finish in half a century, and lost the Europa League final to Tottenham Hotspur.
-Reuters
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