Manchester United is set to overtake every other club in the world in terms of revenue, as they are set to become highest grossing football club ever.
BBC has revealed that United’s revenues are up over 39% for the FY-quarter over last year.
The red devils announced that it expect its revenues to be in the range of £500 to £510 million ($760-$775 million) for this year, and no club have ever generated a yearly revenue more than $760 million.
The club has revealed that revenues up to 30 September went up 39.3% to £123.6m.
The high rise of revenue is owing to sales of their new 2015-16 Adidas replica kit and Champions League pedigree.
United is now at a 4th place in the premier league table.
The club couldn’t qualify for Champions League as they finished outside top 4 in 2013-14. But, after that they have returned to Champions League prominence. In July 2014, they signed a record-breaking deal of $750million, spanning over 10 years.
In 2014, it was estimated
Europe’s richest clubs – 2014 revenue (euros)
1. Real Madrid 550m
2. Manchester United 519m
3. Bayern Munich 486m
4. Barcelona 485m
United’s executive vice-chairman Ed Woodward said the revenues indicated “the continued strength of our businesses”.
An impressive four sponsorship deals were signed in the quarter, including a global deal with Marathon Bet.
Woodward said: ” “During the quarter, we entered into an agreement with HCL to be our Digital Transformation partner, which will enable us to connect with our fans around the world in innovative ways and further strengthen and grow our commercial revenues.”
BBC has given financial report in detail, they say: ”
The drop in profit was partly caused by a loss on player trading of £7.4m. There was a negative impact from the sales of players Angel Di Maria, Robin van Persie and Nani, which was partly offset by the profit made on the sale of Javier Hernandez.
That compared with a profit of £18.3m a year before – that sum being largely due to the sale of Danny Welbeck to Arsenal for £18m.
The EBITDA figure, which indicates the underlying profitability of a company, was up more than 100% to £41.6m.
The club also confirmed it had approved a quarterly cash dividend shareholders of $0.045 per share, a move which will see the six Glazer children, who own the club and about four-fifths of the club’s shares, paid millions of dollars in dividends annually.
Despite their strong start to the season, there have been complaints from some fans and former players that the club’s current possession football is less exciting in comparison with the more attacking sides of the past.”
The inclusion of stars like Bastian Schweinsteiger, Memphis Depay, Juan Mata, Ángel Di María and Radamel Falcao prompted huge jersey sells.