Manchester United's financial results revealed: Red Devils announce huge revenue for third quarter of 2017

Manchester United's financial results revealed: Red Devils announce huge revenue for third quarter of 2017
An unexpected exit from the Champions League neglected to mark Manchester United's finances in the latest quarter as it adhered to its objectives for the present year.

United finished second in the Premier League on Sunday behind neighborhood rivals Manchester City.

"As another season nears its close, we have accomplished our most noteworthy number of points and finish since 2012/13 and we anticipate another trip to Wembley," its Executive Vice Chairman Ed Woodward said.

United face Chelsea in the FA Cup final at Wembley on Saturday.

The club's adjusted earnings before interest, tax and depreciation and amortisation for the three months to March 31 rose to £36.1million pounds.

Revenue for the period rose 8.1 percent to £137.5m.

United said it continued to target between £575-585m of revenue and an adjusted core earnings of between £175-185m for the year to the end of June.

Matchday revenue in the third quarter rose 6.1 percent to £31.1m whereas broadcasting revenue came in 26.4 percent higher thanks to extra games in the period.

Manchester United Plc is listed on the New York Stock Exchange and controlled by the American Glazer family.

Remember to get updated through our Direct Notifications via clicking AllOW, and also join us in growing a community of Information by liking our Twitter, Facebook Fan Page, Linkedin Twitter

Comments

Most Read