Manchester United's £750m adidas deal is record-breaking... here are more staggering numbers

-
Taking the reins: Louis van Gaal is to get to work with United ahead of the new Premier League season this week

 When Manchester United’s traumatic campaign under David Moyes shuddered to its lowest depths last season, there was a theory circulating that the on-field turmoil may have very serious ramifications for the club’s off-field credentials. 

There was certainly some substance to this suggestion. The sliding share prices - from just under 19p before Sir Alex Ferguson’s retirement to hovering around 14p during the darkest moments of Moyes’ reign in February this year - demonstrated concrete proof of that. Final showing: Nike's ties with Manchester United will end after the coming season
Without Ferguson holding the reins of power at Old Trafford, questions were asked. He was the club’s most reliable asset, a guarantee of glory. Investors lost confidence. Some season ticket holders will have privately pondered whether the yearly investment was still worth the trouble.

 The football was dire and the results were unacceptable. In six games against Manchester City, Liverpool and Everton, United’s aggregate score was 1-14. There would be no Champions League football for at least one year. 
So how can it be, just two months after the curtain came down on United’s worst league finish in 24 years that the club were able to announce an extraordinary, record-breaking £750million decade-long kit deal with adidas? 
The figures are truly remarkable. This agreement more than doubles the £31m that Real Madrid, the previous biggest recipient, are thought to receive a year from the German firm. 
The £75m per year that United will receive from adidas alone is only narrowly less than the £76m turnover that Sunderland posted in 2012-13 season. In the same year, Aston Villa recorded £83.7m turnover. It offers some idea of the now obscene financial might of Manchester United.
This, of course, only takes into account United’s deal with adidas. United will also receive £51m annually from shirt sponsors Chevrolet for the next seven years as well as a £17m windfall per year from AON, who have purchased the rights to plaster their name across the club’s training kit, while they also sponsor the Carrington training ground. Only on Wednesday did United announce yet another sponsorship, this time with international food brand Nissin. 



Comments

Post a Comment

Popular posts from this blog

CAF C & B LICENSE: NIGERIAN COACHES UNDER SCRUTINY OVER ALLEGE WIDESPREAD IRREGULARITIES IN CAF COURSES

-
Image
  By Chimaobi J Nzoromobi  A fresh wave of concern has emerged within the Nigerian football community following allegations that many local coaches may be holding CAF coaching certificates they did not fully qualify for . A reliable Nigerian football insider revealed that for several years, participants in the CAF C and CAF B coaching courses in Nigeria reportedly obtained certificates without completing the required modules or meeting the minimum attendance benchmarks. According to the insider, no candidate in Nigeria reportedly failed the CAF C or B courses for many years , raising red flags at the Confederation of African Football (CAF). “Do you know that in previous years, no one ever failed the CAF C and B coaching courses in Nigeria? Many attended the courses and got a certificate of attendance, but they did not actually complete the modules required or meet the needed attendance levels to pass the exam. CAF frowned on how everyone used to pass the course in Nigeria...
Read more

FIFA to Reportedly Probe $1.2 Million Stadium Project in Kebbi State

-
Image
  By Chimaobi Jose Nzoromobi  The world football governing body, FIFA, is reportedly set to launch an investigation into the $1.2 million (₦1.75 billion) stadium project built in partnership with the Nigeria Football Federation (NFF) in Kebbi State, under the FIFA Forward development program. According to reports, FIFA’s Compliance and Governance Department raised concerns over the implementation process following public outage over transparency and quality of the project, which was funded through the FIFA Forward 2.0 initiative designed to assist member associations with infrastructure and football development. The Kebbi mini-stadium, earmarked as one of Nigeria’s key grassroots football infrastructure projects, has drawn public criticism over its slow completion pace and questionable standard, despite the large sum reportedly allocated for its construction. Sources close to the matter indicate that FIFA’s audit team may conduct an on-site assessment to verify whether the fun...
Read more

NFF SCANDAL: I Advised Amaju Pinnick Against Siting FIFA Stadium Project in Ugborodo - Chief Ayiri

-
Image
By Chimaobi Jose Nzoromobi  Warri billionaire businessman and All Progressives Congress (APC) chieftain, Chief Ayiri Emami, has revealed he advised former Nigeria Football Federation (NFF) President, Amaju Pinnick, not to locate the FIFA Forward Project stadium in Ugborodo, Delta State. In a video currently trending on social media, Chief Emami said his advice was based purely on practical and economic reasons that could have affected the timely and cost-effective completion of the project. He noted that the logistical challenges and high cost of transporting construction materials and equipment to Ugborodo made it less suitable for such project given the amount available. According to him, he recommended Ode-Itsekiri as a more viable and accessible alternative, considering its proximity to Warri, which would ease the movement of materials and personnel. Chief Emami stressed that his position was guided by developmental reasoning and the need to ensure the project’s success, rathe...
Read more