Wednesday, January 12, 2011

What Manchester United spends its money on - The Definitive Guide

This is the second in a series looking in detail at Manchester United's finance. In December I wrote about the various sources of revenue the club has. This post looks at operating costs. Revenue minus operating costs equals the famous "EBITDA" (earnings before interest, tax depreciation and amortisation). I will write separately about the costs that come below EBITDA, namely those relating to player transfers and of course interest and related charges.

Compared to the complexity of revenues, the costs involved in running a football club are pretty straightforward.

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