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Record revenues for United

Manchester United have revealed record revenues for the first quarter of the financial year.

Last Updated: 14/11/13 at 16:51 Post Comment

Manchester United: Record revenues for Premier League champions

Manchester United: Record revenues for Premier League champions

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Several new sponsorship deals - including Russia airline Aeroflot and soft drinks company Pepsi - and the effect of the new Premier League TV rights deal has seen a 29 per cent rise in revenue to £98million.

United also reported a core profit of £22m in the quarter, an increase of 36%.

United executive vice-chairman Ed Woodward said: "We are pleased to have achieved another record first quarter, driven by the strength of our commercial business and increased broadcasting revenues.

"Our unique approach to the commercial business will continue to drive future growth. We are also excited by the continuing rise in the value of sports content."

The Premier League champion are forecasting revenues for the year as a whole of between £420m and £430m, closing the gap on European rivals Real Madrid and Barcelona.

United shares, which have been listed on the New York Stock Exchange since August 2012, closed at $15.75 on Wednesday, valuing the club at $2.6bn (£1.62bn).

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Readers' Comments

I

put Ince in my fantasy football team, so it's no surprise at all really. I do that to players. Also responsible for De Jong and Upson being injured. Think I'll transfer in Di Maria just to ruin United....

megabrow (cufc)
F365's Top Ten Surprise Strugglers

L

ovren? £20m always seemed a touch on the expensive side, but I wasn't expecting him to be quite such a waste of money

stevenjameshyde
F365's Top Ten Surprise Strugglers

H

alf of our players have the physical presence of a 14 year old girl. I don't know why people are always shocked that they're injured.

TheWhiz
Wenger baffled by injuries

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