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Manchester United financial results analysed

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A rise of almost a tenth in broadcasting revenues coupled with flat commercial income and marginally higher matchday receipts saw Manchester United’s revenues inch ahead by £4million to £152.1million in the first three months of this year.

Executive vice-chairman Ed Woodward acknowledged a “turbulent season,” but stressed that “everyone at Manchester United is focused on building towards the success that this great club expects and our fans deserve.” Preparations for the new season were underway, he added, “and the underlying strength of our business will allow us to support the manager and his team as we look to the future.” Revenues for the nine months ended 31 March were up around 6% to £495.7million.

The three-month period saw United offer caretaker manager Ole Gunnar Solskjær a permanent contract after he won eight of the 11 Premier League games United contested during that time and guided the club past Paris Saint-Germain in the Champions League’s Round of 16.

Excluding a £6.4million profit on player transfers – mainly Marouane Fellaini to Shandong Luneng Taishan – United’s operating profit fell from £10.6million to £7.9million year-on-year.

But from there, United’s form tapered off, the club winning only one Premier League game since 1 April alongside a defeat to Barcelona in the Champions League quarter finals.

The club’s £152.1million revenues include commercial income that was entirely flat at £66million; matchday income ahead by around £600,000 to £31.7million; and broadcasting revenues up by 9% to £53.8million.

Broadcasting income was up thanks “primarily due to the new UEFA Champions League broadcasting rights agreement and playing one additional Premier League game,” the club explained.
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