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

N

ow is the time for Allardyce to finally get a chance at a big club please. He is likely to have a number of great offers for his services this summer, but who will he choose? Will it be Liverpool, Real Madrid, Dortmund or Man City?

medina_sod
Allardyce leaves West Ham

I

thought exactly this when the Match of the Day pundits were peddling this line. Is it really not okay for fans of a club to have some ambition these days then?

damoceltic
Bored Of Big Sam? It's Your Right...

H

ow magnanimous off him - to leave if he's asked to by the owners? What's the alternative, bunker down in his office claiming squatter's rights if FSG want rid?

feed the bear
Rodgers: I'll go if owners want

Footer 365

Yaya Toure will stay at Manchester City, insists agent Dimitri Seluk

Yaya Toure will stay at Manchester City, according to his agent.

UEFA chief Michel Platini says it would be good for football if Sepp Blatter loses FIFA election

Michel Platini is backing Prince Ali bin al-Hussein of Jordan in Friday’s FIFA presidential election.

Sheffield United sack manager Nigel Clough

League One club Sheffield United have dismissed manager Nigel Clough after missing out on promotion.

Mail Box

Can We Combine Danny And Theo?

The finishing of Theo Walcott and the hold-up play of Danny Welbeck would be just perfect. Plus, lots of Brendan Rodgers, some Big Sam and all hail Degsy...

Only One Real Manager Of The Year

Winning the Premier League with the best squad in the Premier League is only par; Ronald Koeman did a whole lot better. Plus, the last word on Raheem and...

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