Provided by Deloitte and Touche
Highest income earners in world football with £117m in 1999/2000.
Compared to their Premiership rivals, annual turnover is £50m greater than Chelsea and more than double that of rivals such as Arsenal, Leeds and Liverpool.
United also generated the highest operating profit of any English club - £29m. New wage deals with new and existing players will have led to an increased costs - but revenue is expected to rise significantly as a result of the new TV deal and new sponsorship deals with Nike and Vodafone.
Yo-yoed into the Premiership and back down again.
For 1999/00 reported a 38 per cent increase in income - one of the biggest increases anywhere that season - to £18m. At the same time City recorded the highest operating profit (£0.8m) in Division One that season. Completed transformation of the balance sheet and financing structure, from debt-ridden position of a couple of years ago, reducing net debt by £13m to just £1.4m.
After relegation from Premiership, in Division One income fell 39 per cent to £13m - the second largest fall in the country. The club maintained a Premiership wage bill though of £22m. This led to the club reporting the largest losses in English football of £19.4m.
Promotion last season to the Premiership will be worth around £15m in extra income.
Promotion via the play offs has secured Bolton the biggest financial prize in English football - a staggering £23m for just one match. While in Division One, significant operating losses of £4.2m in 1999/00 were typical of many counterparts.
A number of northwest clubs were in Division Two in 1999/00 season, and their financial results mirrored the financial dilemma encountered by the typical lower division club.
Operating losses can be significant - Bury £1.8m, Stockport County £1.2m, Preston £0.8m, Oldham £0.8m and Burnley £0.9m.
While Preston, Burnley and Stockport have since achieved promotion to Division One - and are now on the good side of the gap that is developing between Division One and below - the figures demonstrate the financial struggle of operating a lower division club.
By 2002/03 Deloitte and Touche estimate that the income differential between an average Division One and an average Division Two club will widen to £8m as a result of the new TV deal.
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