Manchester United is on course to be the first club to make over £500M in year according to their latest financial reports released on Thursday.
United total revenue for the three months to the end of September was £123.6M; providing an increase of 39% from the same period last year.
The club’s revenue were boosted by the launch of their sponsorship deal with giant kit manufacturers; Adidas, which is worth a minimum of £750M over ten years (representing £75M yearly for ten years), and the Red devils return to UEFA champions league after finishing fourth last season and beating Belgium side Anderlecht over two legs to reach the group stage.
Champions’ league football provided a rise of 64.3% in broadcasting revenue and 64.2% in match day revenue. United Chief executive, Edward Woodward commented. “our record first quarter revenue and EBITDA demonstrates the continued strength of our business, we are delighted with the early progress made in licensing.
During the quarter, we made an agreement with HCL to be our Digital Transformation partner, which will enable us connect with our fans around the world in innovative ways and further strengthen and grow our commercial value’’.
The sales of high earning players like Robin Van Persie, Radamal Falcao, Louis Nani, Javier Hernandez and Rafael Da Silva could be said to have added to the revenue accumulated by the United boardFollow Football News Arena on Facebook and Twitter for the latest transfer news, injury news, team news and rumours from across the major Leagues in Europe and around the World.