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

More of the games that matter

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

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).

More of the games that matter

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

Related News

Most Commented

Readers' Comments

W

ell that really inspires me with confidence. No point in training, deciding on a coherent formation, or playing players in their best positions, let's just hope we get lucky.

mumbo_jimbo
Van Gaal: Luck is key

I

believe this is because for sepp Christmas is a 7 day feast finishing on the 25th

hiya
Blatter calls for early final

F

alcao really needs to shine now. Apparently according to the stats, he scores more when played up front alone. I wonder if Van Gaal will actually apply a formation to get the best out of him though.

anthracyte
Van Persie lay-off expected

Footer 365

David Somers resigns as Rangers chairman

Rangers have confirmed that chairman David Somers has resigned from the club's board.

Jose Mourinho quick to shift focus to winning Premier League

Jose Mourinho was quick to turn his attention to Premier League matters after Chelsea's Capital One Cup final victory.

Mauricio Pochettino proud of Tottenham players despite Capital One Cup loss

Tottenham boss Mauricio Pochettino said he was proud of his players despite losing to Chelsea in the Capital One Cup final.

Mail Box

Are Tottenham Right To Redevelop?

It's a really good Friday afternoon Mailbox, with thoughts on Spurs' ground development, the Europa league (leave it alone) and one man running for a very good cause...

Rodgers Is More Of A Paisley Than A Rafa

Most Liverpool fans in the Mailbox are claiming to be pleased to see the back of the Europa League. Plus merging the Europa and Champions League, and winter WC...

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