United confirm financial rise

Manchester United have announced significant rises in income and profits.

Last Updated: 14/02/13 at 15:57 Post Comment

Sir Alex Ferguson: Manchester United's commercial revenues have risen 29%.

Sir Alex Ferguson: Manchester United's commercial revenues have risen 29%.

More of the games that matter

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

The club, who will benefit financially this season from their Champions League run and new sponsorship deals, have seen an increase for the three-month period ending December 2012.

Commercial revenues have risen 29% compared to the same period in 2011, thanks to six new sponsorship deals.

For the 2012-13 financial year, United are forecasting revenue to be '£350m to £360m' compared to £320m last year.

The club's revenue fall last year was due to early exits in the Champions League and FA Cup.

United's executive vice-chairman Ed Woodward said: "Manchester United achieved record revenue... in the second quarter driven by our commercial operation, which continues to experience extremely strong growth particularly in sponsorship."

The club's gross debt has decreased by 16.1% since 30 June 2012 to £436.9m.

United's wage bill looks set to increase by more than 10% in the 2012-13 financial year.

A statement said: "Staff costs for the second quarter increased 14.2% year on year to £44.2m, primarily due to new player signings, player wage increases and growth in commercial headcount.

"The six months year to date increase is 10.5% year on year to £84.5m."

In 2012, United's wage bill was £160m.

TEAMtalk Facebook Fan Page

The TEAMtalk fan page is a great place to meet like minded people, have football related discussions and make new friends.

Related News

Most Commented

Readers' Comments

H

aha, as a German supporting United I can only agree with your great insight in German football! No idea why, but I HATE Eintracht Braunschweig and please don't ever place a bet on Leverkusen, they mess up my ticket every time!

utzelot
The Ten Most Hated Things In Football

M

ichael Owen's BT Sport commentary. Michael Owen's Match of the Day punditry. Michael Owen's annual moustache. Michael Owen's unwavering belief that Michael Owen could still do a job for England if called upon in the next major tournament

stevenjameshyde
The Ten Most Hated Things In Football

L

VG with Rooney up top. The 3 in MF being Blind, Herrera and Mata. Young on LW and Di Maria or Januzaj on the RW. You know it makes sense.

GVMUFC
Big Tactical Calls For Manchester Pair

Footer 365

Manchester City boss Pellegrini hits back over recent criticism

Manchester City manager Manuel Pellegrini has come out fighting amid speculation over his future at the Etihad.

Petr Cech not likely to leave Chelsea unless huge transfer fee involved

Jose Mourinho says it will take "huge money" to prise goalkeeper Petr Cech away from Chelsea this summer.

Mile Jedinak will serve four-match ban after accepting FA charge

Crystal Palace midfielder Mile Jedinak will serve a four-match suspension after accepting a Football Association charge of violent conduct.

Mail Box

There Are Mitigating Circumstances For LVG

One Mailboxer is admant there are mitigating circumstances to LVG's struggles at Manchester Utd and he offers his four signings for next season...

LVG Stick Needs A Little Context...

LVG's rough ride from the media needs some context - then you would understand, while the Mailbox urges Nabil Bentaleb to go down...

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