Manchester United are having a joyous time at the moment, with everything that has been happening on and off the field. After a successful season last term, which saw them win three trophies, the club has gone off to a flying start this term, and Jose Mourinho looks eager to add more laurels in the time to come.
Off the field, the Red Devils have gone on to earn a record-breaking revenue of £581.2m – an increase of 12.8 per cent in the year to the end of June 2017, as compared to the previous season.
The club also achieved a record operating profit of £80.8m, and profitable earnings of £199.8m before interest, tax, depreciation and amortisation, according to the Mancunian club’s executive vice-chairman Ed Woodward.
“The year saw us set record revenues of over £581m and achieve a record earnings before interest, tax, depreciation and amortization of £199.8m,” Woodward revealed.
The Old Trafford outfit has also been boosted by a new £5.1 billion domestic broadcasting deal signed by the Premier League with Sky and BT, that has contributed to a rise in income for all the clubs involved. United earned £194.1m in broadcasting revenues, up more than 38.2 per cent from the previous season.
Woodward also expressed his excitement for the ongoing, by adding: “We concluded a successful 2016/17 season with a total of three trophies and a return to Champions League football. We are pleased with the investment in our squad and look forward to an exciting season.”
The wages account have risen, and so has the club’s debt, but with the overall high in revenue that also includes retail, United will be optimistic for 2018. A similar successful season and a good run in the Champions League could see them break more barriers.
Written by Rajdeep Saha
Sports journalist with stints across print, digital and television. Contribution to each medium has been thrilling. Experienced in writing for this passionate game called football. Journalist by choice and passion.