SOURCE: THE BALL IN CONFUSION
http://marcoliguori.blogspot.com/2010/06/manchester-united-merchandising-limited.html
Thursday, June 10 2010
Manchester United Merchandising Limited: a deal worth 24 million
The company that controls the merchandising of the famous English club, run by Nike, won the May 31, 2009 an increase of 14% of sales.
Nike has provided 93 million pounds to Manchester United for the period from 1 July 2006 to June 30, 2010. Nike as well as being the same sponsor, manages the merchandising, licensing and retail operations, through the company Manchester United Merchandising Limited, which has granted a sublicense in respect of such rights. Manchester United Merchandising Limited is a company based in the United Kingdom, a subsidiary of U.S. company Nike Inc.
Manchester United Merchandising Limited is engaged in three main activities, namely: the retail sale of products in the United Kingdom under the brand name Manchester United, the grant licenses for the production, distribution and sale of goods in any manner and management, always in the world, Manchester United Soccer Schools.
the wake of a record year of sales, in 2008, the company has continued to grow, achieving another record sales in 2009. Obviously, the success of Manchester United were the "key" in order to achieve these important results.
Revenue for the year ended May 31, 2009 was 20.1 million pounds, which, assuming an exchange rate of one euro to 0.8271 pounds, equivalent to about 24.3 million €. In the previous year's turnover was EUR 17.6 million pounds (approximately 21.3 million euro). The increase was of 13.86%. From the geographical point of view revenue is divided as follows: 18.5 million pounds in the UK (+ 11.9% compared to 2008); 1.6 million pounds in the rest of the world (+42.59% over 2008 ).
From the perspective of the "business areas" the revenue is divided into three main areas: Retail, Licensing; Soccer Schools.
The retail sector, ie retail, with sales of 13.6 million pounds, equivalent to 16.4 million euro. This sector, in the previous year, reported the figure of 12.1 million pounds of 14.7 million euro. The increase was 11, 82%. The Licensing
sector, namely the granting of licenses for the use of the mark, marks a turnover of 4.8 million pounds, equivalent to 5.8 million euro. This sector, to May 31, 2008, recorded a figure of £ 4 million of 4.8 million euro. The increase was dell'18, 67%. The sector
Soccer Schools, namely the management of the schools football team Manchester United, reported a turnover of £ 1.7 million, 2.1 million euro. This sector, in 2008, has recorded a figure of £ 1.5 million of 1.8 million euro. The increase was dell'17, 59%.
Personnel costs amounted to 2.1 million pounds of around 2.5 million euro. This represents a cost increase of 12.46%. The units used fell from 46 to 50. During the home games of Manchester United a further 88 units were engaged with occasional performance contracts (2008: 66 units) and in the same way as "poor" were hired 32 coaches for football schools (30 in 2008) .
Gross profit before tax of 0.8 million pounds (1 million euro), a decrease of 16.16% over the previous year, when the result was equal to 1 million of approximately £ 1.2 million euro.
The balance sheet shows a surplus of 11.7 million pounds (14.2 million euro), with 0.4 million pounds relating to fixed assets, 0.9 million pounds relating to inventories, 10 million pounds credits and 0.4 million pounds of cash. The short-term debt liabilities exposed to 7.9 million pounds. Shareholders' equity amounted to 3.8 million pounds (4.6 million euro) and is an increase of 20.64%. Be noted that the credits include 7.5 million pounds (9.1 million euro) of loans to group companies.
Luca Marotta
jstargio@gmail.com
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