English Premiership

United set for record revenue

2014-09-09 19:13
Old Trafford (File)

London - Manchester United are set to announce record revenues of around £420 million for last season when they publish their annual results on Wednesday.

Figures are also expected to include 25m in profit, aided by worldwide sales of two million replica shirts.

The results should also include details if the pay-off to former manager David Moyes, sacked less than one season after succeeding long-serving and multiple trophy-winning boss Alex Ferguson at Old Trafford.

However, this set of accounts is not expected to include the scale of losses incurred as a result by the club's failure to qualify for lucrative European tournaments as a result of finishing an unusually lowly seventh in the English Premier League last season.

Forecasts for the headline figures have already been published in a prospectus published in August for a new release of shares on the New York Stock Exchange, with the US-based Glazer family the majority stakeholders in the English football institution.

The prospectus states that total revenue is expected to be between £429 million to £434 million, an increase of 18 to 19 percent.

Profit for the year is expected to be £23 million to £25million - down from the £146.4 million for 2012/13 but that was mainly due to a one-off tax credit.

Approximately five million Manchester United-branded licensed products were sold last year including two million replica shirts.

The prospectus said: "The Manchester United jersey and training wear are completely redesigned for each season. The annual launch of the new jersey is always a much-anticipated day for our global community of followers.

"The result is a robust wholesale apparel business that sold approximately five million items of Manchester United branded licensed products, including approximately two million replica jerseys, around the world in the last year."


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