Home Business NewsMan Utd eyes record revenues

Man Utd eyes record revenues

by Purvai Dua
25th Sep 18 12:53 pm

Manchester United is predicting record revenues for 2018-19, despite having dropped off the early pace in the new Premier League season.

United today said that it expected revenue to be between ยฃ615m and ยฃ630m in the year to next June. The club reported revenues of ยฃ590m in the year to the end of June, up 1.5 per cent on the prior year.

There was also a slight year-on-year increase in commercial revenue to ยฃ276.1m, with sponsorship providing a ยฃ1.7m gain.

Commenting on the latest results, Executive Vice Chairman Ed Woodward added: โ€œOur increased revenue expectation for the year demonstrates our continued strong long-term financial performance which underpins everything we do and allows us to compete for top talent in an increasingly competitive transfer market.โ€

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