Old Trafford

Next Game

Man Utd v Tottenham

Saturday, 08 August 2015, 12:45

Barclays Prem

Last Game

Man Utd 0 - 2 PSG

Thursday, 30 July 2015, 02:00

Int Champs Cup North America

United announce record revenue

Manchester United have announced record annual revenue, rising by 13.4% to £363.2million for the year to June 30, 2013.

Last Updated: 18/09/13 at 13:32 Post Comment

Manchester United: Announced record revenue figures up 13.4%

Manchester United: Announced record revenue figures up 13.4%

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

With new deals being announced on almost a weekly basis, it is no surprise that commercial revenues have risen a huge 29.7% to £152.5m for the year ended June 30, 2013.

It is the most significant rise in the 13.4% overall increase in turnover to a club record of £363.2m. The club's debt has fallen by 10.9% to £389.2million.

The adjusted profit for the period is £17.2m.

Wages have risen 11.6% to £180.5m, partly as a result of the club taking on more staff to work on its new digital operation, but also an increase in player salaries.

United have reported a rise in sponsorship revenue alone of 44.1% to £90.9m.

However, broadcast revenue dipped 2.3% to £101.6m as United gained only a 25% share of Champions League revenue paid to England's four competing clubs last season, due to a second-place finish behind Manchester City in the previous campaign.

An increase in matchday revenues of 10.5% to £109.1m was mainly due to Old Trafford being a host Olympic venue, while the club confirmed "exceptional items" costs of £6.2m were partly due to costs incurred with the flotation in New York, but also contracts of coaching staff - Mike Phelan, Rene Meulensteen and Eric Steele - being paid up following the summer departure of manager Sir Alex Ferguson.

It was also stated in the results that net finance increased £21.3m to £70.8m, primarily due to a £22m premium paid to buy back some of its bonds, which will save interest payments in future years.

The impressive commercial results come as United are explaining their troublesome transfer window to supporters, with communications director Phil Townsend insisting funds were available to Moyes, even though he only ended up signing Marouane Fellaini from Everton.

"The club has always backed the manager in the transfer market, as Sir Alex (Ferguson) has said on many occasions and it will continue to do so," said Townsend in a letter to fans who wrote to United for an explanation of what appeared an underperforming transfer window.

"The club has demonstrated its belief in, and commitment to, David Moyes through the award of a six-year contract.

"Allowing him to shape the future Manchester United team is a long term project not an eight-week panic.

"He must be given time to assess his new squad and come to his own decisions on which players he feels will strengthen it.

"Additional resources were there to add to that but it was not possible to agree with other clubs for the right players to leave.

"The key point there is that the players we buy have to be the right ones for Manchester United; not just any player."

The news was revealed on the same day the club announced regional sponsorship agreements with Commercial Bank of Qatar and Emirates NBD Bank.

United have signed five-year deals with the banking organisations that will see them become official financial services partners in Qatar and United Arab Emirates respectively.

As part of the separate agreements, both organisations will have the rights to produce United-branded credit, debit and prepaid cards. In addition, Emirates NBD Bank will also market its own Manchester United savings account.

More of the games that matter

Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

G

ood lord that's got me unnecessarily excited. Damn you Storey. Cut to Liverpool being crushed under the wheels of Sparky's Stoke Machine and Firmino brought off the bench to no effect. It's the hope that kills you.

suarez_blind
Roberto Firmino: Steel To Complement The Silk

N

o Schweini? Have to admit that I did a little sex wee when we signed him and I can't wait to see him in action!!!

spence
F365's Top Ten Players We Can't Wait To Watch

I

think he'll do quite well. My only reservation would be Kagawa, who had similar stats to Firmino in the bundesliga before he came, but time will tell.

GVMUFC
Roberto Firmino: Steel To Complement The Silk

Footer 365

'Massive legend' Schweini stirs Shaw

Luke Shaw believes the "humble" presence of World Cup winner Bastian Schweinsteiger and the confidence of Memphis Depay will greatly improve Man Utd.

Chelsea close on Rahman but miss Donsah

Chelsea have agreed personal terms with Augsburg left-back Abdul Baba Rahman and expressed an interest in Cagliari midfielder Godfred Donsah.

Bayern star Gotze to reveal future plans

Bayern Munich midfielder Mario Gotze was coy about his future after scoring in the Audi Cup against a side he may face at least twice more this season.

Mail Box

Chelsea Are Stronger Than Last Season

One Chelsea fan points out that they won the league last year and have improved, so... Plus thoughts on United worries, pre-season predictions, Valdes and Chuba...

Louis Van Gaal Only Wants Football Robots

Louis van Gaal only wants players who are human robots, apparently. It's a great Mailbox, with thoughts on Chelsea, Audi Cup, Fabregas, Lingard and Joe Gomez...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company