Manchester United are set to become the first club to break through the £500m barrier after reporting record first quarter results of £123m. Annual revenues should be in the region of £500m-£510m.
The return to the Champions League, and sales of the new Adidas 2015-16 shirt, contributed to revenues that were up by 39 per cent.
However, profits declined from £8.7m in the same period last year to £5m. This reflected losses of £7.4m on player trading.
Manchester United are set to become the first club to break through the £500m barrier after reporting record first quarter results of £123m. Annual revenues should be in the region of £500m-£510m.
The return to the Champions League, and sales of the new Adidas 2015-16 shirt, contributed to revenues that were up by 39 per cent.
However, profits declined from £8.7m in the same period last year to £5m. This reflected losses of £7.4m on player trading.
Commercial revenue was up 25 per cent at £71.2m, an impressive figure that reflects United’s strength in this area. Broadcasting revenue was up 64.3 per cent at £27.6m. Matchday revenue was up 64.2 per cent at just short of £25m.
Salary costs were up 19 per cent at £58.8m, in part reflecting bonuses for getting to the Champions League. However, salaries as a percentage of turnover were 47 per cent, the right side of the recommended 50 per cent figure. You don’t see clubs there very often.