FA Cup record breakers Man Utd on course for £578m year end

Manchester United_21_August

May18 – On the eve of their record-equalling 20th FA Cup final appearance, Manchester United have reported third quarter revenue up 8% on the same period last year to £137.5 million, putting them on course for a year end revenue figure of £578 – 585 million.

While the club have not achieved their seasonal aims of Champions and Premier League wins (quarter final exit and 2nd place finish), the results have still put them in the big prize winning bracket. Final financial results are expected to deliver adjusted EBITDA (profit/(loss) for the period before depreciation, amortization, profit/(loss) on disposal of intangible assets, exceptional items, net finance costs, and tax) of £175 – 185 million.

It has been a quarter of superlatives for the accounts commentary which also champions the club’s latest accolade of being the fastest growing sports club to launch on Youtube.

Ed Woodward, Executive Vice Chairman, 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.”

Broadcasting revenue showed the biggest uplift for the club for the quarter at £39.7 million, an increase of £8.3 million over the prior year quarter due to playing one additional Premier League home game and two additional Premier League games being broadcast live.

Matchday revenue for the quarter was £31.1 million, an increase of £1.8 million, again a result of the extra home game.

Sponsorship revenue showed a small £100,000 drop to £41.7 million as the club added PingAn and Science in Sport to its sponsor roster and renewed and extended Cho-A-Pharm and Mlily.

Merchandising and licensing at £25 million showed an increase of £300,000.

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