THURSDAY- 18th November, 2021: Reports have shown that Manchester United’s wage bill has risen rose by 23 per cent during the period in which they signed Cristiano Ronaldo, the club’s latest set of financial results show.
Figures for the first quarter of the 2021-22 financial year show a rise of £16.6million in “employee benefit expenses” compared to the corresponding period of the previous year.
The clubs re-signing of Ronaldo and also bringing in of Raphael Varane and Jadon Sancho is said to have summed up the total amount spent on salaries during the quarter ended September 30, to £88.5m.
This rise was offset by £17.4m 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.
Overall, total revenue increased by 16.1 per cent to £126.5m, explained largely by the obvious increase in matchday income that came with the return of fans to games after coronavirus restrictions were lifted
