Saturday, October 21, 2017

Schweinsteiger officially an asset to Man United again

SoccerNews in FA Cup 9 Feb 2017

19 Views

Bastian Schweinsteiger’s reintegration into Jose Mourinho’s first-team squad at Manchester United was given an official stamp by the Premier League club’s latest published accounts.

Schweinsteiger was told he had no future at Old Trafford under Mourinho earlier this season and September’s first quarter results from United noted they had written off £6.7million from their overall assets “related to a registrations’ impairment charge regarding a reduction in the carrying value of a player no longer considered to be a member of the first team playing squad”.

The 32-year-old subsequently returned to the fray with a pair of brief substitute cameos before making a first United start for 386 days in the FA Cup fourth-round win over Wigan.

Schweinsteiger marked the occasion with his first Old Trafford goal and was added to Mourinho’s playing group for the knockout stages of the Europa League the following week.

In United’s second quarter results, the ex-Germany captain’s return was apparently alluded to under the “Exceptional items” heading, adding an asset value of £4.8m.

The entry read: “Exceptional credit for the quarter was £4.8 million, relating to a reversal of a registrations’ impairment charge for a player now considered to be re-established as a member of the first-team playing squad.”

Operating profits at United were £37.6m for the latest quarter, with the club on course to deliver record revenues for the year, according to executive vice chairman Ed Woodward.

This is despite net debt rising 27 per cent, when compared against the same period form last year, to £409.3m – something attributed to the collapse of the pound’s value following the UK’s vote to leave the European Union.

ABOUT THE AUTHOR

SoccerNews

Soccernews.com is news blog for soccer with comprehensive coverage of all the major leagues in Europe, as well as MLS in the United States. In addition we offer breaking news for transfers and transfer rumors, ticket sales, betting tips and offers, match previews, and in-depth editorials.

You can follow us on Facebook: Facebook.com/soccernews.com or Twitter: @soccernewsfeed.

SHARE OR COMMENT ON THIS ARTICLE

WE RECOMMEND

Leave a Reply

Be the First to Comment!

Notify of
avatar
 
smilegrinwinkmrgreenneutraltwistedarrowshockunamusedcooleviloopsrazzrollcryeeklolmadsadexclamationquestionideahmmbegwhewchucklesillyenvyshutmouth
wpDiscuz
More More
Top