Premier League

United announces record revenue

Man Utd Old Trafford
Manchester United announced record revenue figures up 13.4 per cent.
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Manchester United generated a club-record 363.2 million pounds ($578 million) while winning a 20th English title last season.

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United, which is listed on the New York Stock Exchange, pointed to the enduring success of its commercial operation in helping to maintain the club as a force on and off the pitch.

Owned by the American-based Glazer family, United is projecting its turnover will soar to at least 420 million pounds ($669 million) in 2013-14.

While the cash balance has risen by a third to 94.4 million pounds ($151 million), the gross debt has dropped by 11 percent to 389.2 million pounds ($622 million).

United reported a net profit of 17.2 million pounds ($27 million).

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