London - Despite their on-pitch travails last season,
Manchester United have announced a 19 percent rise in annual revenue to
a record £433.2 million.
floundered in their first season after the retirement of long-serving manager
Alex Ferguson, finishing seventh in the Premier League and sacking his
successor, David Moyes, but they continued to thrive commercially.
reported a 49 percent increase in sponsorship revenue, helped by a
blockbuster £750 million 10-year deal with Adidas, and recorded a profit of
very proud of the results achieved in fiscal year 2014 as we once again
generated record revenues," said executive vice-chairman Ed Woodward in a
van Gaal at the helm as manager, and the recent signing of some of the world's
leading players to further strengthen our squad, we are very excited about the
future and believe it's the start of a new chapter in the club's history.
footballing philosophy fits very well with Manchester United and he has an
impressive track record of success throughout his career, winning league titles
with every club he has managed."
Partly due to
their non-participation in the Champions League, United expect their income to
fall to between £385 million and £395 million over the course of the current
invested around £150 million on new players during the close-season transfer
window, including a British-record £59.7 million swoop for Argentina
international winger Angel di Maria.
released on Wednesday also revealed that United paid out £5.2 million in
compensation to former Everton manager Moyes, who was dismissed in April, and
some members of his coaching staff.
without a win after three Premier League games this season and were knocked out
of the League Cup following a 4-0 loss to third-tier Milton Keynes Dons.
But they could
hand debuts to new signings Radamel Falcao, Luke Shaw, Marcos Rojo and Daley
Blind in Sunday's home game with Queens Park Rangers.