Who needs Champions League football?
Despite being eliminated from the top tier of European competition at the group stage, Manchester United are expected to earn a crazy amount of money for the financial year.
The club have announced a second-quarter profit of £133 million (€169 million), 26% higher than last year, and forecast a record annual income of between £500m (€635m) and £510m (€648m)
#MUFC revenue of £257.4m in the first six months of 15/16 season, is higher than Juventus’ revenue for the entire 14/15 season.
— Mats Rydland (@MatsRy) February 11, 2016
No British club has ever brought in half a billion pounds in a year which makes Manchester United’s projected earnings all the more remarkable.
Woodward asked about Chinese league: "Very difficult to predict the impact will have …useful market if we are looking to sell any players"
— Rob Harris (@RobHarris) February 11, 2016
If United do reach their target then they will have seen a staggering increase of at least £105m (€133m) from the 2014-15 financial year.
The £18m (€23m) profit recorded in the past three months comes from a commercial revenue increase of 42.5% to £66.1m (€84m) and a broadcasting revenue increase of 31.3% to £37.3m (€47m).
On a conference call on Thursday afternoon, executive vice chairman Ed Woodward said: “Our strong commitment to investing in our squad, youth academy and the broader club are ultimately underpinned by our financial strength and the hard work and dedication of everyone at the club.
“Our solid results off the pitch help contribute to what remains our number one priority — success on the pitch.”
