Reds Release Financial Statement, Delay Singing Section

Manchester United’s third-quarter profit is down 8.5 percent, according to a preliminary results statement released Thursday.

Manchester United, 2011-2012 Premier League runner-up (Getty)

The decline from $35.3 million to $32.4 million over the year-earlier period is due at least in part to a $6.5 million drop in matchday revenue and $6 million difference in media revenue.

Also Thursday, Manchester Evening News revealed that Reds supporters will have to wait another year for a proposed singing section in Old Trafford.

After Man Utd agreed to the idea back in March, more than 1,300 season ticket holders signed up to switch their seats to the special section in hopes of making the move before the 2012-2013 season kicks off. The requisite displacement of some away fans to Tier 3 of the Sir Alex Ferguson Stand requires approval from both Trafford Council and local police, however.

“The Club has been asked for some further detailed analysis,” a Reds spokesman told Manchester Evening News.

“Unfortunately there is not the time for the Club to do that work, conduct a ST (season ticket) renewal process, submit the proposals for approval and potentially implement the section for the start of next season.”

Man Utd is coming off a dramatic runner-up finish to the 2011-2012 campaign that saw the Premier League title stolen by Manchester City on goal difference during the final matchday of the season.

Statistics Say Chelsea, Bayern Economically Similar

A leading sports marketing analysis firm says UEFA Champions League finalists Chelsea and FC Bayern Munich – despite their different business models – “have more in common than meets the eye”.
Chelsea striker Fernando Torres (Getty)
According a Thursday release from SPORT+MARKT, Bayern is “a German institution” with 9.4 million fans in its domestic market, whereas Chelsea counts only 1.7 million supporters within the U.K. but many more worldwide.
“We estimate Bayern will sell around 1 million football shirts worldwide this season – the majority in Germany,” said Peter Rohlmann of PR-Marketing in Rheine, Germany.
“Chelsea will be close to that figure, at around 900,000, but most of their distribution will be overseas.”
In terms of total revenue, Bayern makes about $408 million a year in revenue, among the most in world football and roughly 29 percent more than Chelsea. 
Both bring in about the same on matchdays – around $89 million a year. “Chelsea achieve this largely thanks to higher ticket prices,” says SPORT+MARKT, “while Bayern’s larger home stadium makes up the lost ground.”
The clubs will meet Saturday in Munich with Bayern looking for a fifth European title and the Blues their first ever.

By INSIDER’s Matthew Grayson

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