United revenues rise again

BY foxsports • May 13, 2011

United have posted their third quarter figures on Friday morning, which show commercial revenue has risen to £75.3million, up 33% compared to 12 months ago. The increase helps compensate for a combined £5million decrease in media and matchday revenue within the third quarter, which club officials put down to a reduction in the number of home games and the fact prices were pegged for an FA Cup fifth round tie with non-league Crawley in March. United have also confirmed they have bought back an additional £5.5million in bonds, taking the overall amount purchased to £29.5million. Total turnover stands at £231.7million, up from £219.3million to March 31, 2011. United's gross debt has also fallen to £477.7million, although this is thought to be a direct result of a conversion to sterling of money owed in dollars, which is weak against the pound. The Red Devils still have £113million in cash, or its equivalents, which, despite the likelihood that they will clinch a record 19th league title on Saturday and have a Champions League final against Barcelona to look forward to on May 28, many fans believe should be invested in Sir Alex Ferguson's squad.