The King Power Stadium

Next Game

Leicester v Man Utd

Sunday, 21 September 2014, 13:30

Barclays Prem

Old Trafford

Last Game

Man Utd 4 - 0 QPR

Sunday, 14 September 2014, 16:00

Barclays Prem

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

2 years free Sky Broadband Unlimited for Sky Sports customers

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

2 years free Sky Broadband Unlimited for Sky Sports customers

Related News

Most Commented

Readers' Comments

C

an we get one on the similarities between this year's Arsenal and 5 years ago. Or any other number you care to pick frankly...it shouldn't be hard.

mc1728
Liverpool: Five Similiarities Five Years On

R

icky van Wolfswinkel's remarkable record of one goal from one game at least deserves an honourable mention. And I'm willing to bet that at least one of Costa, Ulloa or Enner Valencia will earn a place on the list by the end of the season. Probably not Costa

stevenjameshyde
Top Ten PL Strikers Who Started Like A Train...

I

will also give up birthday Christmas and bacon for this to happen

badwolf
Ronaldo return ‘in place’

Footer 365

Premier League: Newcastle winger Jonas Gutierrez battling testicular cancer

Newcastle United winger Jonas Gutierrez has revealed he has been receiving treatment for testicular cancer.

Champions League: Arsenal boss Arsene Wenger admits Dortmund deserved victory

Arsenal boss Arsene Wenger admits his side were 'average' following their 2-0 defeat to Borussia Dortmund.

Champions League: Liverpool boss Brendan Rodgers praises side after Ludogorets win

Liverpool boss Brendan Rodgers praised his side's character as they battled to a late 2-1 win over Ludogorets.

Mail Box

Who's More Miserable - Baggies Or Mags?

There's not a lot to choose between the misery of West Brom fans and the misery of Newcastle fans. We have mails on them, 'only QPR' and lots on Man United...

Forget it, Ronaldo Won't Come Back

A varied morning mailbox, with thoughts on Ronaldo, Daley Blind = Michael Carrick, Ed Woodward redemption, stick with Pardew, QPR's name change and marbles...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property