Football

Income rockets at Manchester United after return to Champions League

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Manchester United's financial power has been underlined by the club's first-quarterly figures which shows income has rocketed by 39.3 per cent to ?123.6million.

United's return to Champions League competition has seen a big leap in matchday and broadcast revenue, while the first income from the huge Adidas kit deal - worth ?75million annually - has also kicked in.

The figure for EBITDA - which reflects the underlying profitability of the company - was up more than 100 per cent to ?41.6million.

Ed Woodward, United's executive vice-chairman said: "Our record first quarter revenues and EBITDA demonstrate the continued strength of our businesses. We are delighted with the early progress made in licensing."

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