Manchester United has turned out to be a first UK football club to earn £515.3m in a one financial year. It is now predicting 2017 revenues of up to £540m, even though it is not in the Champions League this season. Under new head Jose Mourinho they are third in the Premier League.
Premier League club was the first British team to cross the half-billion mark, but the figure is short of Barcelona’s €679m revenue revealed in July. These figures for Manchester United are slightly exceeding their own expectations of £510m revenues for the year to 30 June 2016.
As has been the case for a number of years now, commercial income is roaring ahead, with a 36.3% increase in that sector alone to £268.3m.
The club’s ambitious revenue target for 2016-17 will be helped by the new Premier League TV deals, with the club pointing out that “domestic live broadcasting rights up 70% and international rights up approximately 40% for the 2017 to 2019 cycle”.