Manchester United have announced a club-record revenue of £98.5million in the first quarter of its financial year.
The Red Devils have enjoyed a significant boost in a number of areas, most notably sponsorship, with a 63% increase in that particular area.
Aeroloft, a Russian airline company, was one of 12 new sponsorship deals signed by the club, whilst PepsiCo were another big name who penned a deal with the Premier League champions.
Broadcasting revenue jumped to £19.3million – an increase of 41% - and that will only continue to increase after BT’s lucrative deal to broadcast European football for three years from 2015. It’s a deal that Manchester United unsurprisingly welcomed.
Other areas of growth included licensing of clothing and products, which rose 13.8% to £10,7million, and ‘a significant increase’ from their pre-season tour in the summer.
The club, controlled by the Glazer family, did see an increase of 31% in staff costs however, with £52,9million shelled out on all areas, including player wages at Old Trafford.
Whether David Moyes will be able to translate any of this revenue into new players at Manchester United remains to be seen, but the club predicts it will post figures between £420 and £430million at the end of the year – moving them closer to Spanish giants Barcelona and Real Madrid.
As usual, the future looks bright at the home of the champions.
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