English Premiership

United earn more than £500m in a year

2016-09-12 15:15
Manchester United (File)

London - Manchester United became the first British football club to earn more than half a billion pounds in a single year after announcing Monday total revenue of £515.3 million for the year ending June 30, 2016.

The Premier League giants also declared a record operating profit of £68.9 million.

Their figures also saw United return to the black, following a net annual loss of £900,000, with a net profit of £36.4 million.

However, United's annual revenue figure was still shy of the €679 million euros declared by Barcelona in July.

United's continuing financial success, despite not winning the Premier League last season and failing to qualify for Europe's lucrative Champions League, allowed new manager Jose Mourinho to splash out a world record 89 million on signing midfielder Paul Pogba from Italian side Juventus during the recent transfer window.

Although United won the FA Cup, a fifth-place finish in the 2015/16 Premier League season saw Dutch manager Louis van Gaal sacked and replaced by former Real Madrid and Chelsea boss Mourinho.

United's revenue is forecast to rise to between £530 to £540 million at the end of the next financial year and executive vice-chairman Ed Woodward said: "Our record fiscal 2016 financial performance reflects the continued underlying strength of the business and the club is on target to achieve record revenues in 2017, even without a contribution from the Champions League.

"This strong financial performance has enabled us to invest in our squad, team management and facilities to position us to challenge for, and win, trophies in the coming years."

Retail, merchandising, apparel and Product licensing revenue was £97.3 million, an increase of £65.7 million, or 207.9 percent, over the previous year, mainly as a result of the start of a new kit agreement with Adidas that guaranteed United more money than their previous deal with rival sportswear giants Nike.

Broadcasting revenue, boosted by a new Premier League deal, rose more than 30 percent to £140.4 million, with matchday revenues at Old Trafford totalling £106.6 million -- an increase of over 17 percent.

NEXT ON SPORT24X

What To Read Next

 

Read News24’s Comments Policy

Live Video Streaming
Video Highlights
Sport Talk

Fixtures
01 October 2016
Swansea City v Liverpool, Liberty Stadium 13:30
West Ham United v Middlesbrough, Olympic Stadium 16:00
Sunderland v West Bromwich Albion, Stadium of Light 16:00
Hull City v Chelsea, The KC Stadium 16:00
Watford v Bournemouth, Vicarage Road 16:00
02 October 2016
Manchester United v Stoke City, Old Trafford 13:00
Leicester City v Southampton, King Power Stadium 15:15
Tottenham Hotspur v Manchester City, White Hart Lane 15:15
Burnley v Arsenal, Turf Moor 17:30
15 October 2016
Chelsea v Leicester City, Stamford Bridge 13:30
Stoke City v Sunderland, Britannia Stadium 16:00
Arsenal v Swansea City, Emirates Stadium 16:00
Manchester City v Everton, Etihad Stadium 16:00
West Bromwich Albion v Tottenham Hotspur, The Hawthorns 16:00
Bournemouth v Hull City, Vitality Stadium 16:00
Crystal Palace v West Ham United, Selhurst Park 18:30
Logs
Team P W PTS
Previous Results

Date Home Team Result Away Team
Vote

Will Jose Mourinho lead Manchester United to the English Premiership title in 2016/17?

 
 
Men
Women
Love 2 Meet
English Premiership flutter

Take Sport24's "expert" tips at your peril...

Featured

Big month in the world of golf as the FedEx Cup concludes on the PGA Tour, the Race to Dubai gathers steam on the European Tour and the Sunshine Tour offers local golfers the chance to bank some cash. Oh, and not forgetting the USA v Europe Ryder Cup showdown at Hazeltine!

Latest blogs
 

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

WIN Enter and win with Sport24!

BlackBerry Stay in the loop on your BlackBerry

RSS Feeds Sport news delivered really simply.

 
There are new stories on the homepage. Click here to see them.