Manchester United released their first half earning report and key take away is that the club is continuing to bleed.

If you guys are interested in a thorough analysis you should follow this guy call Andersred. He does a great job reviewing not just Manchester United football clubs results but other clubs like Arsenal, Liverpool and Everton at times.

Here are the key take aways from Manchester United’s 2nd Quarter results:

  1. Revenue rose 8-10% for the quarter and first half of the year. Do note that this is the first half of the year so Champions League earning, which make up 1/3 of their revenue, is going to be zero. Look to second half of the year to be greatly impacted
  2. Expenses (not inclusive of player sales) rose 14% or more. This means that year on year their EBITDA (ex player sales) is actually worse. We do not understand why …