Man Utd On Target For £500m Revenue
Manchester United has reported that overall quarterly revenues have risen by 39.3% to £123.6m, and remain on target to be the first club ever to exceed £500m in overall revenue.
The record revenues have been boosted by sales of its new 2015/16 adidas replica kit, as well as the return of UEFA Champions League football.
The club signed a record-breaking deal with adidas last summer, worth £750m over 10 seasons.
During the quarter, ending 30th September, the club has brought the management of its Old Trafford megastore in-house and signed a licensing deal with South Korean footwear brand Sbenu, as well as a global deal with Marathon Bet.
Profit for the period was £5m, down 43.8% from the £8.9m figure a year previously, partly caused by a loss on player trading of £7.4m.
The EBITDA figure, which indicates the underlying profitability of a company, was up more than 100% to £41.6m.
The team currently sit fourth in the Premier League and also top their Champions League group table after four games.
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