Manchester United’s value continues to rise, despite concerns over the way the Glazer family are running the club.

A BBC report article shows the club have reported a 74% rise in profits for the second half of 2012, with pre-tax profits for the last six months of the year standing at a whopping £22.3m.

The Glazer's floated the club on the New York Stock Exchange at $14 a share last year and the shares now have a price of nearly $19, giving the club an overall value of around $3bn.

Sponsorship was the main area of growth with commercial revenue rising 26.4%, whilst United are to announce their new training kit sponsor in the near future after it was announced that the mystery company had bought out the last two years of DHL's existing contract.

United claim to have 650m supporters worldwide and can only really be rivalled for the title of the world’s biggest football club by Real Madrid - their opposition in the Champions League last-16.

The Glazer family have not been welcomed by the majority of fans but with success continuing on the field many supporters have been prepared to put up with their American owners.

However, it was not all good news as the Old Trafford outfit still have debts of £366.6m, while staff costs rose more than 10% to £84.5m, mainly down to player signings and an increase in wages.

 

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Topics:
Football
Premier League
Manchester United