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%.

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.

Football365 Facebook Fan Page

The Football365 fan page is a great place to meet like minded people, have football related discussions and make new friends.

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: Chelsea's Jose Mourinho 'congratulates' officials after loss to Sunderland

Chelsea boss Jose Mourinho fired a thinly-veiled criticism at the officials after the 2-1 home defeat to Sunderland.

Premier League: Sunderland beat Chelsea 2-1 at Stamford Bridge

Fabio Borini scored a late penalty as Sunderland beat Chelsea 2-1 at Stamford Bridge to dent the Blues' title hopes.

Cardiff held, Swans win late

Cardiff's hopes of Premier League survival suffered a blow as they drew 1-1 with Stoke, while Swansea grabbed a 2-1 win at Newcastle.

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