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Manchester United have announced record revenues of £648 football
4m for the last financial year and expect to bring in even more revenue this season football
But they made a net loss of £28 football
7m, despite cutting their wage bill by £52 football
8m – partly because they were not in the Champions League but also for a season when the best-paid player, Cristiano Ronaldo, left part way through the campaign – after expensive transfers football
Their accounts cover a 12-month period ending on 30 June, in which they signed Mason Mount this summer but also made the expensive purchases of Casemiro, for £63m, and Antony, for £86m, in 2022 football
United paid out £331 football
4m in salaries to their players last season, a sum that is likely to rise for the current financial year because salaries are raised when they are competing in the Champions League football
With the added income of playing in Europe’s premier continental competition, United anticipate a revenue of football between £650m and £680m this year football
United also said that, for the first time since 2016, no dividends were paid to the owners, the Glazer family football
The club’s debt remains at £538m while they also owe an additional £106m with a revolving credit facility football
United paid £21 football
4m in net finance costs over the 12 months – down £40 football
8m, partly due to a change in exchange rates football
United’s broadcasting revenue dropped £5 football
8m last season as they counted the cost of playing in the Europa League, a consequence of a sixth-place finish in the Premier League in 2021/22 football
But their commercial revenue reached a new high of £302 football
9m, up £45 football
1m, which was driven by a £41 football
6m rise in sponsorship income football
United have since signed a 10-year £900m kit deal with Adidas, which is likely to lead to a further increase in commercial revenue football
United’s matchday revenue also went up by £25 football
9m to £136 football
4m, aided by a host of home games during their runs to the FA and Carabao Cup finals football
For much of the last year, United have been for sale, with Sir Jim Ratcliffe and Ineos expected to take a 25 per cent stake in the club football
More aboutManchester UnitedPremier LeagueChampions LeagueSir Jim RatcliffeJoin our commenting forumJoin thought-provoking conversations, follow other Independent readers and see their repliesComments1/1Man Utd project record revenues ahead of Ratcliffe investmentMan Utd project record revenues ahead of Ratcliffe investmentBritain football Soccer Man United BiddersCopyright 2023 The Associated Press football
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Luciano Spalletti was supposed to be on his Tuscan farm now football
Arguably, though, he should still be at Napoli, managing what had looked like Europe’s most unexpectedly entertaining side football
Instead, he will be at Wembley on Tuesday, in charge of Italy, his appointment a consequence of a combination of factors from the personal to the political, the football footballing to the financial football
Or, in a different way, of two emails football
One, triggering the extension in his Napoli contract without a pay rise, stemmed from club president Aurelio De Laurentiis, and instead prompted his resignation football
A need for a sabbatical on his farm the cited reason; a breakdown in relationships more of a cause football
The other, from Roberto Mancini’s camp a few months later, was his sudden resignation as Italy manager, the first to lead the Azzurri to a major title since Enzo Bearzot, trading the patriotism of leading his country for a reported £20m a year to take charge of Saudi Arabia instead football
And so it will be Spalletti in England, his presence a product of the enduring pulling power of the Azzurri job football
While elite club coaches often eschew the international game, three of the last four incumbents, including Antonio Conte, are Scudetto winners, whereas no England manager has won the Premier League or the old Division 1 since Don Revie football
It comes after the greatest feat of a career in the dugout that dates back three decades football
Spalletti became only the third manager to secure Napoli the Serie A title, and the first to do so without the benefit of Diego Maradona’s genius football
The title was clinched in May: the football footballing high came last autumn, amid a run of 13 consecutive wins in all competitions football
There were 20 goals in the Champions League group stage: the 4-1 evisceration of Liverpool was, despite Manchester City’s spring demolitions of Bayern Munich and Real Madrid, arguably the finest performance in the competition all season football
Rewind a year and Napoli were arguably the best side in world football football at the time football
Which few predicted after the departures of Dries Mertens, Lorenzo Insigne and Kalidou Koulibaly football
If there was magic in Spalletti’s attacking side, there was also the element of the unknown, in the revelation Khvicha Kvaratskhelia football
What it was not, however, was a particularly Italian team: only three of the 14 players with the most appearances are even eligible for the Azzurri football
Spalletti may name two of his former charges in his starting XI at Wembley, but while Giovanni Di Lorenzo captained Napoli, Giacomo Raspadori was only the understudy to the prolific Victor Osimhen football
If Spalletti’s alchemy is illustrated by Napoli’s struggles under his successor Rudi Garcia – beaten three times already at home this season, they have lost to each of the best sides they have faced – it may be required by Italy football
His inheritance is mixed football
“Once we have played [England], then I will tell you what the potential is,” Spalletti said after Saturday’s 4-0 win over Malta football
Spalletti applauds Italian fans after September’s win over Ukraine in Euro 2024 qualifying (AP)It is little more than a year since Italy were on a record run of 37 games unbeaten football
It is only 28 months since the Azzurri won Euro 2020 at Wembley; in a rematch with England, perhaps only Gianluigi Donnarumma, Di Lorenzo and Nicolo Barella will start both games football
Before England’s March win in Naples, Mancini lamented the Italian talent pool football
“We are worse off than Southgate,” he said football
It was a sign of the negativity enveloping him, an indication of the disenchantment that may have propelled him to the desert football
He gave 57 players their debuts, casting around with ingenuity and impatience football
He looked to the Oriundi, seeking to naturalise some from the Italian diaspora football
Spalletti has dropped the Argentina-born forward Mateo Retegui; he has also omitted some of the stalwarts of the recent past, in Leonardo Bonucci, Marco Verratti and Jorginho, while recalling Giacomo Bonaventura who, at 34, is older than his fellow midfielders football
He has five of Internazionale’s Champions League final starters and has given a debut to Tottenham’s in-form left-back Destiny Udogie football
In other respects, however, it could be seen as an undistinguished squad, certainly compared to Italy’s past football
Lose and, if Ukraine beat Malta, Italy will find themselves three points behind their rivals for second spot, with a game in hand but a de facto decider when they face Ukraine in Leverkusen in November football
It could mean Italy miss three of four major tournaments after Euro 2016; the added curiosity being that they won the other one football
In part, it reflects the tragedy of Mancini; unused as a hugely gifted forward in the 1990 World Cup, omitted in 1994 after falling out with Arrigo Sacchi, he had declared his ambition was to win the World Cup as Italy manager football
Instead, they failed to qualify for the 2022 tournament; if he is at the 2026 version, it will be as the richly rewarded Saudi Arabia manager football
There will be no Euro 2024 for him; there may be for Spalletti football
A wizened, gnomic figure is scarcely the stereotype of an Italian manager: more attack-minded, more idealistic, for years the architect of sides who were stylish nearly men football
But then so, too, were an Azzurri side who influenced him in his upbringing football
At his unveiling, Spalletti said he would carry the giant Italy flag his mother sewed for him as an 11-year-old to celebrate the 1970 World Cup semi-final win against West Germany football
It was an epic 4-3 football
More than half a century later, Spalletti has no Gigi Riva, Gianni Rivera or Sandro Mazzola, nor an Osimhen or a Kvaratskhelia, no world-class forward football
But, for the second time in two seasons, he has the chance to use his principles and his capacity to generate something spectacular from seemingly unpromising ingredients to make history football
More aboutLuciano SpallettiRoberto ManciniItaly football FootballJoin our commenting forumJoin thought-provoking conversations, follow other Independent readers and see their repliesComments 1/2Can Luciano Spalletti remake his Napoli recipe in charge of Italy? Can Luciano Spalletti remake his Napoli recipe in charge of Italy?Spalletti applauds Italian fans after September’s win over Ukraine in Euro 2024 qualifying APCan Luciano Spalletti remake his Napoli recipe in charge of Italy?A wizened, gnomic figure, Spalletti is scarcely the stereotype of an Italian managerReuters ✕Subscribe to Independent Premium to bookmark this articleWant to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today football
SubscribeAlready subscribed? Log inMost PopularPopular videosSponsored Features Get in touchContact usOur ProductsSubscribeRegisterNewslettersDonateToday’s EditionInstall our appArchiveOther publicationsInternational editionsIndependent en EspañolIndependent ArabiaIndependent TurkishIndependent PersianIndependent UrduEvening StandardExtrasAdvisorPuzzlesAll topicsfootball BettingVoucher codesCompareCompetitions and offersIndependent AdvertisingIndependent IgniteSyndicationWorking at The IndependentLegalCode of conduct and complaintsContributorsCookie policyDonations Terms & ConditionsPrivacy noticeUser policiesModern Slavery Act Thank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inCloseUS EditionChangeUK EditionAsia EditionEdición en EspañolSubscribe{{indy football
truncatedName}}Log in / Register {{#items}}{{#stampSmall}}{{/stampSmall}}{{#stampClimate}}{{/stampClimate}}{{#stampPremium}}{{/stampPremium}}{{title}}{{#desc}}{{desc}}{{/desc}}{{#children}}{{title}}{{/children}}{{/items}}Indy100Crosswords & PuzzlesMost CommentedNewslettersAsk Me AnythingVirtual EventsVouchersCompare✕Log inEmail addressPasswordEmail and password don't matchSubmitForgotten your password?New to The Independent?RegisterOr if you would prefer:SIGN IN WITH GOOGLEWant an ad-free experience?View offersThis site is protected by reCAPTCHA and the Google Privacy notice and Terms of service apply football
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