Man United announce record revenue

September 18, 2013

By Richard Jolly
http://espnfc.com/news/story/_/id/1556501/manchester-united-announce-record-revenue?cc=5901

The Premier League champions had a total of £363.2 million in revenue, an increase of £42 million from the previous year, and profits of £146.4 million, a 528% rise on their previous year, when they made £23 million. As a Manchester United fan, I was extremely happy to hear about this as Manchester United were being pressured in the financial side of things, as they are heavily in debt (500+ million) and struggling to compete with other established and up and coming wealthy teams in the transfer market. Throughout the years Manchester United were falling behind in terms of quality of players but still could manage to win the Premier League be quite a margin due to their legendary manager Sir Alex Ferguson, who is now retired.

Vice-chairman Ed Woodward said: “Our commercial business continues to be a very powerful engine of growth enabling the team to continue to be successful. We won our 20th English League title last season and are delighted to have David Moyes lead our football team into a new and exciting chapter. We look forward to a successful 2013-14, both on and off the pitch.”

Now, due to the market strategies and sales in shirts and merchandise, position they finished in the league and in the champions league. They were able to break the record of revenue received in a fiscal year. Now with more funds readily available for the new manager, David Moyes. Manchester United will continue to be one of the big powerhouses when it comes to making transactions in the transfer market and hopefully attract football stars with great reputation.

http://www.football365.com/news/21554/8927981/United-Make-Massive-Amounts-Of-Dosh