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

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.

Related News

Most Commented

Readers' Comments

I

really enjoyed this. Thanks F365 for another year of work avoidance - happy Christmas.

megabrow (cufc)
Our Person Of The Year: Alan Pardew

I

m no Sam Fan and this article sums him up beautifully. I always like to imagine that when he watches anything on TV and hears clapping, he stands up and aknowledges the applause, thinking its for him!

cozens
Football Managers On TV: Sam Allardyce

N

ah, Fergie is just having another pop at Rooney. He just wants to put him down whenever he gets a chance. Rooney is by far the best English player. Carrick is not far behind, mind. However, by elevating Carrick like that, Sir is having a dig at Wayne. Fergie is well-known for mind games like that. Good to see he's still feisty.

timbo
Van Gaal will thrive - Ferguson

Footer 365

Premier League: Chelsea boss Jose Mourinho admits being a fan of West Ham ahead of Boxing Day showdown

Chelsea boss Jose Mourinho has backtracked on his '19th-century football' jibe at West Ham ahead of the Boxing Day showdown.

Premier League: QPR look for result against Arsenal, Rio Ferdinand in selection contention

QPR boss Harry Redknapp says Rio Ferdinand could be back in the team as the squad is rotated through the festive period.

Premier League: Nemanja Matic says Chelsea can win quadruple

Chelsea midfielder Nemanja Matic insists the Blues can win the quadruple this season.

Mail Box

Van Gaal's Half-Term Report Card...

One Man United fan isn't happy with the rate the team is progressing under Louis van Gaal, while the mailbox also wishes Liverpool fans a Merry Mid-Table Christmas...

Hang On, Rafa's Success Is No Fluke...

The afternoon mailbox kicks the morning mailbox's arse after claims that Rafa Benitez has fluked his success. Plus, big talk about Liverpool's progress and lots more...

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