November 19
MANCHESTER United’s wage bill rocketed by 23 per cent during the period in which they re-signed Cristiano Ronaldo, the club’s latest set of financial results showed on Wednesday.
Figures for the first quarter of the 2021/22 financial year show a rise of £16.6 million ($22 million) in “employee benefit expenses” compared with the corresponding period of the previous year. The total amount spent on salaries during the quarter ended 30 September, when the club re-signed Ronaldo and also brought in Raphael Varane and Jadon Sancho, was £88.5 million. This rise was offset by £17.4 million brought in through player sales, principally Dan James’ move to Leeds, although the club did also earn a sell-on fee from Romelu Lukaku’s transfer from Inter Milan to Chelsea.— AFP
