Man United’s revenue tops a record half a billion pounds

Sep 12, 2016 at 8:17 PM

facebook iconlinkedin iconmail icontwitter iconWhatsApp iconTelegram icon
Man United’s revenue tops a record half a billion pounds

London, Sep 12 (IANS) Revenue at English football giants Manchester United has topped half a billion pounds for the first time, the club revealed on Monday in its annual report.

The report also revealed that parting company with former manager Louise van Gaal and his coaching team cost the club 8.4 million pounds ($11.2 million) in compensation, reports Xinhua.

Reporting its finances for the year to June 30, this year, MUFC said the club generated revenues of 515.3 million pounds ($685 million), up by 30 percent on a year earlier.

Commercial revenue, at $357 million was 36 percent higher than the previous year, and income from broadcasting rights increased by 30 percent to $187 million, boosted by the club’s participation in European competitions.

The club reported a record operating profit of 68.9 million pounds ($92 million). Income from its match days at its stadium in the city was $142 million, up by 18 percent and again helped by United’s participation in European competitions plus progression in the domestic cups.

The club said its revenue was boosted by winning the FA Cup for a record equalling 12th time, an increase in English Premier League (EPL) broadcasting rights and the announcement of 14 new sponsorship deals.

Related Article
Andre Onana Issues Apology After Pre-Match Comments Come Back To Haunt Him During Bayern Munich Thrashing
Andre Onana Issues Apology After Pre-Match Comments Come Back To Haunt Him During Bayern Munich Thrashing

Sep 21, 2023, 8:30 AM


FA Cup Final Highlights: Watch As Ilkay Gundogan’s Stunning Brace Powers Manchester City To Memorable Win Over Manchester United
FA Cup Final Highlights: Watch As Ilkay Gundogan’s Stunning Brace Powers Manchester City To Memorable Win Over Manchester United

Jun 3, 2023, 11:33 PM


Watch: Shocking Incident As YouTuber IShowSpeed Is Attacked By Spectator At Wembley Stadium
Watch: Shocking Incident As YouTuber IShowSpeed Is Attacked By Spectator At Wembley Stadium

Jun 3, 2023, 10:45 PM


Manchester United Player Ratings For The 2022/23 Season
Manchester United Player Ratings For The 2022/23 Season

Jun 1, 2023, 10:06 PM


Mason Greenwood Could Make A Sensational Return For Manchester United As Erik ten Hag Drops Hint Over Striker’s Future
Mason Greenwood Could Make A Sensational Return For Manchester United As Erik ten Hag Drops Hint Over Striker’s Future

May 30, 2023, 12:37 PM


Mason Mount ‘Leaning Towards Man United Move’ In A Big Blow To Arsenal And Liverpool Amid Uncertain Chelsea Future
Mason Mount ‘Leaning Towards Man United Move’ In A Big Blow To Arsenal And Liverpool Amid Uncertain Chelsea Future

May 26, 2023, 3:22 AM


Desktop Banner
Mobile Banner