MAN UNITED PREDICTS FALL IN PROFIT AFTER PITCH WOES (STA BREAKING NEWS and ARCHIVES)

by STANews , Wednesday, September 10, 2014, 11:58

Manchester United is set to suffer financially as a result of a poor performance on the pitch.

The football club predicts that profits and revenues will fall in 2015 after failing to qualify for the Champions League for the first time in 20 years.

The prediction comes as it reports a plunge in profits, despite record revenues for 2014.

Net income fell 84% for the year to 30 June to £23.8m, down from £146m a year ago.

Manchester United said that was due in part to last year's profit being boosted by a one-off tax credit, without which it would have made a loss.

MORE...

http://www.bbc.com/news/business-29140959