United post record turnover

Premier League champions Manchester United have revealed a record third-quarter turnover of £91.7m, with a 16 per cent decrease in debt.

Last Updated: 03/05/13 at 16:35 Post Comment    Bet with SkyBet  Premier League Winner 13/14.. Click here to bet.

Robin van Persie: One of Manchester United's big signings this season

Robin van Persie: One of Manchester United's big signings this season

In figures issued to the New York Stock Exchange on Thursday, the Premier League club revealed it is on course to generate more than £350m this season after posting record turnover figures in the three months up to March 31.

Along with a 52 per cent increase in sponsorship revenue, the figures also show a 28 per cent increase in commercial income to £114.5m over the full nine-month period.

And the Premier League title winners, owned by the American Glazer family, has reduced its debt to £367.6m, a drop of 16 per cent in nine months.

Ed Woodward, the club's executive vice-chairman, said: "Each of our three primary sectors - commercial, broadcasting and matchday - delivered strong top-line gains and helped us achieve a record third quarter for both revenue and adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization)."

United's 20th title triumph did come at a price, though, with a 25 per cent increase in wages to £44.9m through the signings of Robin van Persie and Shinji Kagawa, as well as renegotiated contracts and the growth of United's commercial team.

The figures issued on Thursday excluded the £120m eight-year deal with AON, which includes naming rights to their Carrington training complex and sponsorship of their training kit and overseas tours.

And it was also confirmed that completing the purchase of the club's own TV channel, MUTV, cost United £2.7m.

United have developed plans to open a commercial office in the US and are keen to make an impact in the Far East, where so much of their overseas support is based.

Bet with SkyBet  Premier League Winner 13/14.. Click here to bet.

Related News

Sky Bet

    • Retrieving latest Sky Bet odds

Most Commented

Readers' Comments

I

may well get slated by other United fans for this, but out of the three contenders, I'd far prefer Liverpool to win the title. Yes some elements of their fanbase can be a bit OTT, yes they're our biggest rivals and yes it will make our poor season feel even more like the end of an era (Fergie's gone, Liverpool are back on top). However I just have to applaud Brendan Rodgers and the way he's turned Liverpool around in just a couple of seasons. It...

Mike_Christie
Please Stop Telling Us What To Think

H

ooray! We are all excited now, we beat a very mediocre team! With all due respect to WHU supporters, not winning that game shouldn't even be a consideration. This is the problem, there is no winning mentality at the Emirates - we're all congratulating ourselves beating a team that we have a winning record against.

TheWhiz
Wenger hails important win

I

s this meant to be an aspiration for United supporters? Moyes mediocrity strikes again. I see the Bayern boys don't want to sign for him, and his reputation amongst the senior European coaches make other key signings unlikely.

redbornandbred
De Gea's Europa League target

Footer 365

Premier League: Arsenal boss Arsene Wenger calls for more goals from Olivier Giroud

Arsenal boss Arsene Wenger insists 'there is still some room for improvement' in striker Olivier Giroud's game.

Moyes wary of time constraints

David Moyes admits that Manchester United could struggle to secure their top transfer targets in time for the start of pre-season.

Premier League: Newcastle boss Alan Pardew concedes half the club's fans want him sacked

Alan Pardew admits probably half of Newcastle's fans want him out, but insists he will not walk away from the club.

Mail Box

Kieran's Not The Only One Keeping Notes

Another chap in the mailbox has been keeping notes on comments made by optimistic Man United fans. Plus, Garey Vance is offering a double-or-quits on his new tattoo...

Mignolet Is The Reason For Liverpool Flying

Mignolet's bad kicking is the reason for Liverpool's success, whilst one man keep notes on F365 mails. Plus England excitement, Arteta and a bad Walsall experience...

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