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Premier League title holder Manchester United had a record revenue of €334.1 million ($462 million) this past year. After paying off debts — including the €50 million owed for the purchasing of De Gea, Ashley Young, and Phil Jones, the Red Devils will have made a €110.9 million profit.
Wayne Rooney’s new €180,000 per week deal also takes a chunk out of the newfound profit, along with 16% rise in staff costs. The record-breaking revenue has been the largest revenue the team has seen since the early 2000’s. According to Andy Green, who spoke to The Guardian about this topic, the club has been fighting a long battle with debt since 2005.
According to Green, €478 million has been spent in order to pay of this debt, with most of it coming from interest fees. Along with winning the Premier League title, Manchester United also made it to the finals of the UEFA Champions League.
Although losing the match to a strong side in FC Barcelona, the publicity that the Red Devils received got them more viewers and more companies willing to spend money to get in the spotlight as well.
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