Record revenues for United

Manchester United have revealed record revenues for the first quarter of the financial year.

Last Updated: 14/11/13 at 16:51 Post Comment

Manchester United: Record revenues for Premier League champions

Manchester United: Record revenues for Premier League champions

Several new sponsorship deals - including Russia airline Aeroflot and soft drinks company Pepsi - and the effect of the new Premier League TV rights deal has seen a 29 per cent rise in revenue to £98million.

United also reported a core profit of £22m in the quarter, an increase of 36%.

United executive vice-chairman Ed Woodward said: "We are pleased to have achieved another record first quarter, driven by the strength of our commercial business and increased broadcasting revenues.

"Our unique approach to the commercial business will continue to drive future growth. We are also excited by the continuing rise in the value of sports content."

The Premier League champion are forecasting revenues for the year as a whole of between £420m and £430m, closing the gap on European rivals Real Madrid and Barcelona.

United shares, which have been listed on the New York Stock Exchange since August 2012, closed at $15.75 on Wednesday, valuing the club at $2.6bn (£1.62bn).

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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

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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.

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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
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