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The financial report that should act as a warning to Manchester United

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A yearly report into the financial might of the world's biggest football clubs has fired a warning to Manchester United as they continue to try and find a route back to on-pitch success.

In the summary of their report, Soccerex Football Finance said of United: "Manchester United continues to be the biggest revenue generator in English football and the most popular in terms of match attendances (75,000), but the club is currently enduring, by their own high standards, a very mediocre period.

While United came out third in the Deloitte report for revenues - and top for the Premier League - they suffer in the Soccerex report because of the number of factors taken into account, with United putting more stock in reports that focus on revenues, as that is a measure that funds investment in the playing side of the club.

Manchester City, Tottenham, Arsenal, Chelsea and Liverpool are the Premier League clubs ranked above United, while Bundesliga outfits such as RB Leipzig and Hoffenheim are now also ahead of the Old Trafford outfit, as are Chinese Super League side Guangzhou Evergrande.

The Soccerex Football Finance 100 rates clubs on a range of financial aspects, such as squad value, tangible assets, cash in the bank, potential investments from owners and net debt.

And this year United have dropped from eighth to 16th on the list, with North West rivals Liverpool among the clubs to have leapfrogged United, who will go a seventh season without a Premier League title this year.

United insist they remain a 'strong, powerful business', as evidenced by the Deloitte report on revenues.
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