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Sanchez Sentenced To 16 Months' Jail For Tax Fraud

11 February, 2018, 05:26 | Author: Sylvester Abbott
  • Mark Thompson  GettyImages

Alexis Sanchez has been a Manchester United player for less than a month but the impact of his signing has already helped set a January club record.

Woodward, a marketing man by trade, initially attracted plenty of criticism from supporters after replacing David Gill, but his role in ensuring United - unlike, say, Liverpool - remain a global financial superpower in an era without Premier League titles, capable of making someone the highest paid player in the game, deserves enormous praise.

Wages have increased by 9.4 per cent to £69.6m thanks in no small part to United's Champions League return and a deferred tax asset has been impacted by the corporate income tax rate in the United States dropping from 35 per cent to 21 per cent.

"Our solid business model allowed us to invest in the future of the Club with the extension of Jose Mourinho's contract as manager and the acquisition of Alexis Sanchez", he said.

The loss in the latter part of previous year was down to changes in corporate tax rates in the United States, which were passed by Donald Trump's administration. It was the biggest Manchester United post on Instagram with 2m likes and comments.

The New York-listed club said this would help them long term but required an accounting write-off of £48.8m. This adjusts projected revenue for the year 2018 to £585 million.

Sanchez moved to Barcelona from Italian side Udinese in 2011 and joined Arsenal three years later.

The Premier League are looking to build on the current record £5.14 billion three-year domestic television deal with Sky Sports and BT Sport, which runs until 2019.

The expected bonanza from both for domestic and overseas TV rights saw English clubs spend a record £430 million in the January transfer window. The club's official website, manutd.com, is the most visited sports club website globally and United are also the fastest growing and most engaged football club on Twitter.

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