Manchester United report record quarterly revenue

Manchester United reports record quarterly revenue of £98.5m.

Manchester United have reported record revenue of £98.5m for the first three months of their current fiscal quarter.

The figure, which marked a 29% increase on the previous quarter, was attributed to a rise in sponsorship deals and TV revenue.

United entered 12 new sponsorship deals during the period in question, including contacts with Russian airline Aeroflot and soft drinks giant PepsiCo.

Broadcasting revenue rose by 41% to £19.3m, while clothing licensing and other merchandise brought in an additional £10.7m.

United executives predict that the club will earn between £420 and £430m during the current financial year, closing the gap on the likes of Barcelona and Real Madrid.

However, staff costs for the quarter rose by 31% to £52.9m.

 Ed Woodward prepare to ring the Opening Bell at the New York Stock Exchange on August 10, 2012
Read Next:
Woodward: 'Top stars' wages will increase'
You May Like
Recomended from Sports Mole

Loading ...

Failed to load data.

Login, I already have my ad-free pass
Log in with Facebook to customise Sports Mole
Buy ad-free access (show me the options)
Buy monthly ad-free access for £1.20/month
Buy yearly ad-free access for £12 (2 months free)
Settings - Logout - Manage your account
Settings - Logout - Manage your account