Despite disappointment on the pitch, Manchester United are striding ahead financially. They are on track to become the first English club to earn £500m in a year.
Their second quarter figures for the period ending 31 December 2015 show that revenue was up by 26.6 per cent to £133.8m. Commercial revenue was up a staggering 42.5 per cent to £66.1m, driven by the lucrative new deal with adidas.
Despite disappointment on the pitch, Manchester United are striding ahead financially. They are on track to become the first English club to earn £500m in a year.
Their second quarter figures for the period ending 31 December 2015 show that revenue was up by 26.6 per cent to £133.8m. Commercial revenue was up a staggering 42.5 per cent to £66.1m, driven by the lucrative new deal with adidas.
Broadcasting revenue was up 31.3 per cent to £37.3m, but there were no Champions League matches in the comparable period in the preceding year. The one area of disappointment was matchday income which was marginally down at 1.6 per cent, but there were two fewer Premier League matches in the period.
Profit for second quarter was £27.8m before tax but the club’s debt under the Glazers’ ownership stands at £322.1m, a 6.2 per cent decrease on the 2014 level of £343.4m. United’s accounts project revenue to be £500m-£510m for the financial year.