Manchester United's torrid 2013/14 season does not appear to be having a detrimental impact on their finances, with The Daily Star reporting that the club have announced record-breaking second-quarter revenue of £122.9 million.
The British publication lists more details of the club's financial performance, with the Red Devils - who won their 20th top-flight title last season in Sir Alex Ferguson's last season in charge - reportedly seeing their second-quarter sponsorship revenue increase to £20.9 million and their total revenue for 2014 being estimated at up to a whopping £430 million.
“We once again achieved a record revenue quarter with strong contributions from our commercial and broadcasting businesses despite the current league position, which everyone from the team manager down has acknowledged is disappointing," executive chairman Ed Woodward was quoted by The Daily Star.
“We continue to see meaningful opportunities to grow our commercial business and the popularity of football on TV is leading to continued broadcasting revenue growth.
“All of which bodes well for the long-term stability and financial strength of our business.We are also very pleased to have added a world class player in Juan Mata to our squad, who has already made a positive impact," he added.
Mata, who joined Manchester United from Chelsea for a fee of £37.1 million during the recent January transfer window, undoubtedly provided a boost following his arrival at Old Trafford.
However, such a feelgood factor was chronically shortlived as the pressure on David Moyes and his team ramped up considerably following a woeful defeat to Stoke and Sunday's disappointing last-gasp 2-2 draw at home to struggling Fulham.
Manchester United, who currently sit seventh in the Premier League and trail current leaders Chelsea by 16 points, return to action on Wednesday night as they face a potentially tough trip to face Arsenal at the Emirates Stadium.
Although the Gunners themselves experienced a weekend to forget after a 5-1 hammering at the hands of Liverpool at Anfield on Saturday, they are still right in the thick of the title race and will presumably be keen to exercise their superiority over Moyes' side.
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