Man Utd show strong revenue growth
Fri 13th May 2011 | Money & Finance
Manchester United’s latest financial figures released today show a strong increase in commercial revenues.
Posting their third quarter figures this morning, United’s commercial revenue has risen to £75.3million, up 33% compared to 12 months ago.
The rise puts the club on track to become the first football club to break the £100m barrier for commercial revenue.
However, matchday and media income fell £5m, which the club blamed on fewer home games in the period and pegged entry prices for the Crawley Town FA Cup tie.
They also said they had bought back £5.5m in bonds, taking the overall amount purchased to £29.5m.
Turnover in the quarter was up slightly to £75.2m from £74.6m a year earlier, while turnover in the nine months to March was £231.7m, up from £219.3m.
The club said its balance sheet was strong, with £113m in cash and £765.1m of other assets.
Financial figures released this spring showed Manchester United's parent company made a loss of £108.9m in 2009-10.
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