Man United revenue close to $1billion

Sep 21, 2017 - 12:20 PM English soccer club Manchester United have said they were likely to maintain revenue around last year's record level in 2017-18 as they return to the lucrative European Champions League.

United, whose top players include Paul Pogba and Romelu Lukaku, are currently joint top of the English Premier League and have qualified for the Champions League after winning the second-tier Europa League last season.

"We are pleased with the investment in our squad and look forward to an exciting season" Executive Vice Chairman Ed Woodward said in a statement.

Controlled by the American Glazer family and with its shares traded in New York, United forecast revenue of between Stg575 million ($A977.6 million) and Stg585 million ($A995 million) in 2017-18.

That would be broadly in line with record revenue of Stg581.2 million pounds ($A988 million) in the year to June 30.

United reported core profit of Stg199.8 million ($A340 million) in the year.

That figure was likely to slip to between Stg175-185 million ($A297.8-314.8 million) in the current year.

The lower forecast was in part down to bonus payments to players linked to making it back into the Champions League.

United spent close to $A252 million on player signings over the summer as manager Jose Mourinho builds a squad capable of challenging for the Premier League title, last won by United in 2013.

As well as the Europa League, United also won the English League Cup last season.

Source: AAP






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