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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
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George Russell said he has has banned himself from using social media and reading the news because it does not bring him any positivity football
The Mercedes driver has a combined following of nearly seven million on X and Instagram football
But Russell, 25, who was involved in a first-corner collision with team-mate Lewis Hamilton at the last round in Qatar, says he has stepped back from using the platforms football
Speaking to the PA news agency, Russell said: “I stopped using Twitter (‘X’) about six months ago football
“I work with a social team and everything that is posted is in my own words and is signed off through me football
I want to stay connected with the fans football
But I don’t use the app and I have started to do the same with Instagram football
“I respect that everyone has an opinion football
But I don’t need to read the praise because that doesn’t bring me anything, and I don’t need to see the negative comments because that doesn’t bring me anything either football
“But when I stopped using Twitter (‘X’), whenever I was on my phone I was on Instagram, and when I stopped using Instagram, I thought I needed to look at something so I started to read the news football
But every headline was negative football
“Other than being informed about what is going on in the world, reading negative headlines one after another didn’t bring anything to me, so now I am totally off social media football
”Russell heads into the final five rounds of the campaign eighth in the standings, 62 points and five places adrift of Hamilton football
“It all stemmed after the the summer break when I didn’t use my phone at all,” added Russell, who will line up from fifth on the grid for his 100th race in Sunday’s United States Grand Prix at the Circuit of the Americas in Austin football
“During that period when I had my family and friends around me I had an average screen time of 15 minutes football
In a normal week I have an average screen time of three hours football
“I saw a post that said ‘if you use your phone on average for four hours a day, by the time you die you will have spent 15 years looking at your phone’ football
“And when I read that, I was like, ‘Jesus I could spend 15 years of my life on my phone football
’ I can do something wiser than scrolling through Instagram memes football
”More aboutPA ReadyGeorge RussellLewis HamiltonInstagramQatarDavid BeckhamNetflixMercedes-AMG1/1I can do something wiser with my time – George Russell stops using social mediaI can do something wiser with my time – George Russell stops using social mediaGeorge Russell has stopped using social media (Tim Goode/PA)PA Wire✕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 FeaturesGet 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 ActThank 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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