Off the wire
• China trains UN military observers  • Gulf states concerned about U.S. bill that allows 9/11 victims to sue Saudi Arabia  • Nationwide inspection prioritizes structural reform: state councilor  • China mourns former Japan-China Friendship Association president  • Shanghai airport bombing suspect arrested  • 2nd LD Writethru: 5.8-magnitude earthquake jolts S. Korea, injuries reported  • Bulgarian foreign trade grows in 2015: report  • 3,400 suspects seized in online crime crackdown  • Missing workers in east China bridge collapse identified  • China's air quality improves in August  
You are here: 　 Home

Manchester United's record revenue tops half a billion pounds

Xinhua, September 12, 2016 Adjust font size:

Revenue at English Premiership icons Manchester United has topped half a billion pounds for the first time, the club revealed Monday in its annual report.

The report also revealed that parting company with former manager Louise van Gaal and his coaching team cost the club 8.4 million pounds (11.2 million U.S.dollars) in compensation.

Reporting its finances for the year to June 30, 2016, MUFC said the club generated revenues of 515.3 million pounds (685 million U.S.dollars), up by 30 percent on a year earlier.

Commercial revenue, at 357 million U.S.dollars was 36 percent higher than the previous year, and income from broadcasting rights increased by 30 percent to 187 million U.S. dollars, boosted by the club's participation in European competitions.

The club reported a record operating profit of 68.9 million pounds (92 million U.S.dollars). Income from its matchdays at its stadium in the city were 142 million U.S. dollars, up by 18 percent and again helped by United's participation in European competitions plus progression in the domestic cups.

The club said its revenue was boosted by winning the FA Cup for a record equalling 12th time, an increase in Premier League broadcasting rights and the announcement of 14 new sponsorship deals. Enditem