Home Business News Man 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 £615m and £630m in the year to next June. The club reported revenues of £590m 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 £276.1m, with sponsorship providing a £1.7m gain.

Commenting on the latest results, Executive Vice Chairman Ed Woodward added: “Our 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.”

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