So I read Newcastle were looking at a billion to rebuild St James Park.You couldn't be more true. The evidence is clear to see, the sponsors pay more money to sponsor them. Whilst broadcaster deals are limited because of the Premier league owning the rights to televised premier league games, the club is not limited to other games which they show on their own MUTV channel, other cup games, the women's games, reserve games, youth cup games, training videos, interviews and much more. This generates a huge income for the club. Last year it was reported that United's marketing and merchandising profits had increased. All this money coming in year after year whilst the club performs badly year after year. United must be one of the only clubs in the world who can pull in massive amounts of profits on other areas of the club whilst performing badly on the pitch.
It used to be a case of many many years ago that a team performing badly meant tickets sales were down, so was merchandising sales and sponsorship deals were down. United have bucked that trend completely which is why I agree with your post because the Glazers have seen that the commercial side of United is still very profitable if the club does good or bad, thus if they win trophies that's good because it means a bit more money. If they do badly, so what because the fans will still pay to watch them and will still purchase their merchandise.
Just look at the league attendances for the past number of years, United come top every year with attendances close to their stadiums maximum and this is for a club that has continued to perform poorly over the years but yet fans still fill out the stadium to watch them. How many years have fans heard about the dilatating state of Old Trafford? but yet fans still go to the ground even when they know how bad the ground is.
United fans are not punishing the club for their poor performances and that is a problem because they still buy tickets to the game and they still buy club merch. When a club has that much fan devotion it is no wonder the Glazers do not want to give up control of United because it brings the family far to much money.
I remember watching a fan youtube channel 2 years ago that went into financial details of the club and what was astonishing is that the Glazer family have not spent any of their own money on the club, not a penny. It has all come from loans and money created from the commercial side of the club. Such a disgrace in my opinion.
If Utd had spent that on their ground they would not see a return on that investment for decades. As you point out, with a sub standard team and stadium they are doing well financially.
I think eventually it will swing away from being the cash cow it is now. But that’s exactly when the Glazers will be off.
We face Ipswich today. Already feels like a six pointer for us the way we have started the season.
Come on you Irons!