Manchester United see record profits and revenue
Manchester United’s Champions League run and a raft of new sponsorship deals have put the club on course for a bumper financial season as the club celebrated this week’s valuable drawn match away to Real Madrid with record revenue and profit figures.
Revenues in the three months to December hit £110.1 million, up 8.7 per cent year-on-year, with profits of £50.2m at the adjusted EBITDA level, compared to £44.9m a year before.
Six new sponsorship deals helped its sponsorship revenue climb by almost 50 per cent.
The club, which recently signed shirt sponsorship deal with the American car giant Chevrolet worth £357m over seven years from 2014, is forecasting revenue of “between £350m and £360m” in the current financial year.
United shares have taken flight on the New York Stock Exchange after a much-criticised listing last August. They now trade at almost $19 (1,224p), up from the $14 listing price, and making the club worth more than $3 billion.
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Wednesday 19 June 2013
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