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%.

Bet £10 Get £30

Daily Offers And Promotions. Join Now & Bet £10 and Get a £30 Free Bet

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.

Bet £10 Get £30

Daily Offers And Promotions. Join Now & Bet £10 and Get a £30 Free Bet

Related News

Most Commented

Readers' Comments

T

his is brilliant! All these years of moral ambiguity, grey areas of offence and context..now we have a simple, easy to follow guide to right and wrong. What did you do today? I kicked the face off a panda . Oh well, you didn't rape, kill anyone or abuse a minor, knock yourself champ.

megabrow (cufc)
Redknapp leaps to Mackay defence

I

wonder if he'd feel the same way if he wasn't a white, non-jewish heterosexual male. Because Mackay has basically insulted everyone else!

Jay_D
Redknapp leaps to Mackay defence

C

heers Harry. I was wondering if he'd murdered anyone

Ezy_Rider
Redknapp leaps to Mackay defence

Footer 365

Premier League: West Brom boss Alan Irvine feels Southampton are still dangerous

Alan Irvine will take his West Brom side to Southampton fully aware their much-changed side still has plenty of threats.

Hillsborough Justice Campaign sceptical of Lib Dems' pledge to introduce safe standing

The Lib Dems' pledge for safe standing in England has been met with scepticism from the Hillsborough Justice Campaign.

Premier League: Leicester boss Nigel Pearson vows to attack Chelsea on Saturday

Leicester boss Nigel Pearson has no intention of playing defensive football when his side takes on Chelsea on Saturday.

Mail Box

More Fan Mail For Football365...

'Just p*ss off with your righteous indignation will you. W*nkers.' There's a lot of anger going around for what should have been a sleepy Friday afternoon at F365 Towers...

Man United: One Game To Save Season

They have one match to convince decent players that they are worth joining - over to you, Louis. We also have mails on Malky Mackay, Mario Balotelli and Tim...

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