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Manchester United Record Massive Profits In First Quarter

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November 14, 2015, 12:45:37 AM
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Manchester United are expecting to post record
breaking annual revenues after a profitable first
quarter.
The club have announced their results of their first
quarter and the revenues counted up to 30th
September have gone up by 39.3% to £123.6m.
The return of Champions League football to Old
Trafford this season, coupled with the sales of their
replica Adidas kits, have provided a major fillip to
their revenues in the first quarter.
Manchester United are expecting their annual
revenues to be between £500m and £510m, which
would be a record total as no club have ever
breached the £500m mark.
The Champions League has brought extra cash into
the club’s coffers in the form of matchday receipts
and broadcast revenues, something they missed out
on last season.
Manchester United signed a record breaking kit deal
with Adidas last year in 2014, worth £750m over 10
seasons, which has massively boosted their earning
power.
The Red Devils are the most valuable sports brand
according to Forbes and have a plethora of
sponsorship deals across the world.
Louis van Gaal’s men are also doing relatively well on
the pitch this season. They are just two points off
league leaders Manchester City and are currently at
the top of their Champions League group.

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