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Thursday, January 23, 2014
MOYES BREAKS ANOTHER MAN UTD RECORD.: Man utd not in top 3 richest football club. read more!!
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As confused as ever. |
Not only are Manchester United's fortunes sliding on the pitch, their fortune could also be dwindling off it.
Despite seeing a rise in revenue to $574 million, for the first time in 17 years they can no longer count themselves among the top three richest football clubs in the world.
For an organization that once spent eight years on top of the annual money table -- compiled by business advisory firm Deloitte -- it represents a financial blow for one of soccer's most decorated clubs.
Spanish giants Real Madrid came top for a record ninth consecutive year -- despite winning no silverware last season -- with a total revenue of $702 million, $47 million ahead of domestic rivals Barcelona in second.
The reason for the drop is a credited to large pull out of share holders since moyes took over managerial position and the dwindling nature of the football club performance in the pitch.
All hail Moyes, another 17 years record broken.
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