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.

More of the games that matter

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

Related News

Most Commented

Readers' Comments

C

heck Opta stats.... Sterling is already better than Alexis on pace and creativity and when he can match him physically he will be ten times the player Sanchez ever was or will be!!

hoggylfc
Rodgers: Sterling can be striker

I

expect Pulis to have a nice Christmas dinner with his family- probably all sitting around the table wearing Christmas themed baseball caps, before he gets the call. Realistically he could end up at any number of clubs, it'll be interesting to see which club folds first.

mark.m
For Foxes' Sake, Call The Pulis...

A

s a Liverpool fan, I personally hate Palace. My pick would probably be Arsenal, which is funny because it seems the vast majority of their own fans don't even like them right now.

mark.m
Who Has Got The Likeability Factor?

Footer 365

Premier League: Mario Balotelli handed one-match ban for social media post

Liverpool striker Mario Balotelli has been given a one-match ban by the FA after his controversial post on social media.

Premier League: Agent confirms Hatem Ben Arfa is poised for a January transfer

Hatem Ben Arfa is set for a January move after finding himself unwanted at Newcastle and Hull, his agent has confirmed.

Liverpool: Kolo Toure says Adam Lallana is player of season

Kolo Toure has named Adam Lallana as Liverpool's player of the season despite Raheem Sterling's eye-catching form.

Mail Box

Gonna Party Like It's Your Birthday...

There are an awful lot of folk claiming to share their birthdays with Lionel Messi or Ronaldo, while we have an Arsenal fan who doesn't want to be liked and more...

Manager Of The Month, My A***...

We have a Newcastle fan having a pop at his manager, some mild reaction to last night at Bournemouth, a justication of that Falcao cost and why the Neviller rules...

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