Manchester United Announce Increased Revenues In Latest Set Of Financial Results

Manchester United have announced increased revenues of £137.5m in their third quarter financial results – an 8 per cent increase on the same period last year.

The club earned a profit of £0.1m between January and March, despite the arrival of Alexis Sanchez from Arsenal during the winter transfer window.

Net debt fell to £301.3m, a decrease of £65m over the course of the year, and employee benefits rose by £8.6m, mainly due to player bonuses for competing in the Champions League.

On the pitch, United came second to claim their highest Premier League finish since Sir Alex Ferguson’s retirement but still ended the campaign 19 points behind champions Manchester City.

Jose Mourinho’s side have the chance to round off a season of mixed fortunes with silverware when they play Chelsea in Saturday’s FA Cup final at Wembley.

On the announcement of United’s latest financial results, executive vice-chairman Ed Woodward said: “As another season nears its close, we have achieved our highest number of points and finish since 2012/13 and we look forward to another trip to Wembley.

“We anticipate another successful summer tour in the United States in preparation for the 2018/19 season.”

Woodward will speak to investors in a conference call at 1.00pm BST on Thursday.

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