United post £73.8m turnover

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Football News

Manchester United have posted an increase in turnover for the first quarter of the financial year.

Turnover has risen by £10.5million to £73.8million, an increase of 16.5%, in the three-month period that ended 30th September.

The Red Devils' commercial turnover is also up by 22.3% to £29.6million, largely down to a £40million training kit sponsorship deal with DHL - something that the club described as a 'ground-breaking' deal.

Speaking last month, Manchester United's commercial director Richard Arnold said: "A lot of hard work has gone into getting to the position we are in now and we are already looking to the future."

Match-day income totalled at £21.6million, an increase of 9.6% - while media revenues amounted to £22.6million.

In conclusion, the overall turnover leaves the reigning Barclays Premier League champions with a gross debt of £433.2million - which is a reduction of £83.5million.

The financial report caps an impressive month of celebration at Old Trafford - in a period that also saw Sir Alex Ferguson reach a milestone of 25 years at Manchester United - an achievement that was celebrated with the unveiling of the club's old North Stand, renamed after their longest serving manager.

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Manchester United

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