Manchester United Revenues Drop Without Champions League

English Premier League club Manchester United have announced a revenue drop of 12.2% to £194.4 million for the six months to the end of Deember 2014.

The latest accounts released by the club revealed a decrease in broadcast and matchday revenue meaning overall profits were down 52.4% for the six-month period.

The team’s failure to qualify for the UEFA Champions League this season also had a major effect as they missed out on guaranteed revenue from kit manufacturers Nike.

However, United did enjoy an increase commercial revenues of 9.7% to £46.4m, with the club agreeing two sponsorship deals in the quarter with soft drinks brand Chi in Nigeria and wellness company IVC in China.

Manchester United Executive Vice Chairman Ed Woodward, said: “Notwithstanding no European football this season, our Revenues and EBITDA remain strong and demonstrate the underlying strength of our business model, with commercial revenues up year over year.

“On the pitch, the team is well positioned to challenge for a top four finish in the Premier League and we look forward to the rest of the season.” 

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