Manchester United revenue continues to soar

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Manchester United

Manchester United’s revenues soar thanks to Champions League football

Manchester United has seen revenue continue to rise as the club posted its second quarterly figures for the current season.

The report showed overall revenue of £26.8 million, up 9.6% on the same period for the 2016-17 season, thanks to United receiving £99.7 million in broadcasting revenue over the first half of the campaign, an improvement of £18.1 million from the same period last season, with the boost coming from the club’s participation in the Champions League.

Speaking about the results, executive vice-chair Ed Woodward, said: “Our solid business model has allowed us to invest in the future of the club with the extension of Jose Mourinho’s contract as manager and the acquisition of Alexis Sanchez. We look forward to the remainder of the season with confidence.”

With the cut-ff period coming on December 31 for the report, the results do not include the figures pertaining to Sanchez’s contract, a reported £350,000 a week plus bonuses.

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The club’s principal debt remains unchanged at £328.6 million.

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