Man Utd to Break EPL Commercial Revenue Record
February 15, 2011
English Premier League soccer giants Manchester United are set to become the first ever club in the league’s history to break the £100m (US$161.24m) mark for commercial revenue.
It has been revealed that the club’s revenue has risen up to $38.7m over the first quarter of the accounting year with media reports suggesting that the second quarter will be just as strong. The last annual figures put the club’s commercial income to $130.5m, a growth of 16 per cent.
A new ‘territory specific’ approach to commercial opportunities implemented by Ricahrd Arnold, United’s commercial director, and agreed with the Glazer family, has allowed the club to rapidly expand that area of revenue.
Chief executive David Gill said: “One of the strengths of this club compared to others is that we get income from all revenue streams.
“Our match day revenue is around 40 per cent of our overall turnover, we are part of a great competition in the Premier League that continues to grow and the commercial sector has gone up from 20 per cent to 30 per cent. They are all high margins and will continue to give us the money Sir Alex Ferguson needs to keep the club at the top.
“That will stand us in very good stead. They are all high margins and will continue to give us the money Sir Alex Ferguson needs to keep the club at the top. There is a strong desire within our great supporter base for that to happen.”