By Paul Kennedy
Manchester United’s strength as one of the world’s premier soccer brands helped boost pre-tax profits almost 48 percent with a record second quarter, buta tax charge of almost $19 million — compared with a tax credit of more than $35 million for the same period last year — caused profits to drop 62 percent.
For the three months endingDec. 31, Manchester’s income from continuing operations was 16 cents a share. That compares with 42 cents per share a year earlier. An analyst poll expected income to be 26 cents per share. ManchesterUnited Ltd. finished Friday at $18.51, down $0.15 for the week.
Boosted by six new deals, United’s sponsorship revenue rose 48.6 percent to $32.3 million. The new United partners reflectthe club’s strong following outside England:
— Kansai (Japan/South Africa)
— Singha (Thailand),
— Wahaha (China)
— Multistrada (Indonesia)
— ChinaConstruction Bank (China)
— Denizbank (Turkey)
Not surprisingly, United will head on tour to Asia in the summer of 2013 with games in Japan and Hong Kong as well as Australia.
NEW NSCAA BOARD. The National Soccer Coaches Association of America welcomed eight people into new board of directors positions, including new presidentJack Huckel.
Amanda Vandervort (Vice President of Marketing) and CharlieSlagle (Secretary) were elected to the executive committee.
Representatives re-elected to board positions were Kevin Sims (Girls HighSchool), Kevin Denson (Boys Youth) and Gerry DiBartolo (Men’s College).
Huckel succeeds
FREE FOX SOCCER PLUS PREVIEW. Fox Soccer Plus is offering fans a free nine-day preview beginning Saturday.
The week-long preview features matches from the English PremierLeague and Scottish Premier League and games from the UEFA Champions League and Europa League, as well as rugby.
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