Man United Announces Record Turnover
Barclays Premier League champions Manchester United have announced record financial results for the year ending 30th June, following a year of on-the-field success and rapid commercial expansion.
The 20-time English champions, who signed a number of high profile sponsorship deals in the last twelve months, saw revenues rise 29.7 % to £152.5 million in the year building up to this summer.
The revenue boost saw the club register a 13.4% increase in turnover to a club-record figure of £363.2 million, while debt fell 10.9% to £389.2 million.
Meanwhile, sponsorship revenue alone in the 2012/13 period rose 44.1% to £90.9 million, and the financial results come on the same day as two further international announcements.
Sponsorship deals have been confirmed with Commercial Bank of Qatar and Emirates NBD Bank in five-year deal, which were agreed separately. Commercial Bank of Qatar will become the club’s official financial services partner in Qatar with Emirates NBD filling the same role in the UAE.
Both banks will be entitled to create a range of Manchester United-branded financial products for their customers, including credit and debit cards. Emirates NBD will also launch an official United savings account.
United expect their revenue to surpass the £430 million mark next year, provided the club meet the relatively modest objective of a top-three finish in the Premier League and reach the Champions League quarter-finals.
United said in their annual report: ‘For fiscal 2014, Manchester United expects revenue to be £420 million to £430 million.’
‘This assumes the team finishes third in the FA Premier League and reaches the quarter-finals of the UEFA Champions League and the domestic cups.’
