Man Utd Reveal 30pc Commercial Revenue Rise to USD122m

May 16, 2011

Having won the English Premier League for a record breaking 19th time over the weekend, soccer giant Manchester United has been further boosted by revealing a strong increase in commercial revenues, according to new financial figures.

In comparison to the same period last year, commercial revenue rose 30 per cent to £75.3m (US$121.9m) in the first nine months of the year.

The club did reveal losses in matchday and media income which fell £5m ($8.1m), something that club attributed to playing fewer home games in the period and pegged entry prices for the Crawley Town FA Cup tie.

The Old Trafford club, which has had a fantastic season on the pitch, reaching the final of the UEFA Champions League where they face Spanish giant Barcelona later this month, also said it had bought back £5.5m ($8.9m) in bonds, taking the overall amount purchased to £29.5m ($47.75m).

Turnover in the quarter was up slightly to £75.2m ($121.7m) from £74.6m ($120.8m) a year earlier, while turnover in the nine months to March was £231.7m ($375.1m), up from £219.3m ($355m). The club said its balance sheet was strong, with £113m ($182.9m) in cash and £765.1m ($1.24bn) of other assets.

Financial figures released this spring showed Manchester United’s parent company made a loss of £108.9m ($176.3m) in 2009-10.