Manchester United revenue tops half a billion

Manchester United have announced revenue of £515.3m ($683.52m) for year ending 30 June.

United have therefore become the first Premier League team to reach over half a billion pounds in revenue in the history of the English game.

Executive Vice Chairman Ed Woodward welcomed the news, drugs despite the club missing out on Champions League football this season.

He said: “Our record Fiscal 2016 financial performance reflects the continued underlying strength of the business and the Club is on target to achieve record revenues in 2017, abortion even without a contribution from the Champions League.

“This strong financial performance has enabled us to invest in our squad, team management and facilities to position us to challenge for, and win, trophies in the coming years.”

Manchester United saw a profit of £36m ($47.75m) while their debt has risen slight, up 2% to £261m ($346.20).

The club saw sponsorship revenue of £160.1m ($212.37m), an increase of £5.2m(6.90m) compared to the previous year.

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