Manchester United post record-breaking financial figures topping half a billion in revenue for second consecutive year
United last year became the first British club to break the half-billion mark and have improved on that position, with revenue rising from £515.3m to £581.2m
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Manchester United have earned more than half a billion pounds for the second successive year, with a record-breaking revenue of £581.2million.
While Jose Mourinho's men stuttered home sixth in the Premier League and went without Champions League football, the money-making machine was still in full flow last season.
United last year became the first British club to break the half-billion mark and have improved on that position, with revenue rising from £515.3m to £581.2m for the year ending 30 June 2017.
The club - who in January returned the top of the Deloitte Football Money League for the first time since 2005 - achieved a record operating profit of £80.8m and record earnings of £199.8m before interest, tax, depreciation and amortisation.
United executive vice-chairman Ed Woodward said: "We concluded a successful 2016/17 season with a total of three trophies and a return to Champions League football.
"The year saw us set record revenues of over £581m and achieve a record EBITDA of £199.8m.
"We are pleased with the investment in our squad and look forward to an exciting season."
United are expecting to post a revenue of between £575m and £585m for the year ending June 30, 2018.
The accounts show wages increased by £31.3m to £263.5m in the previous financial year as Mourinho's appointment was followed by the arrival of Zlatan Ibrahimovic, Paul Pogba, Eric Bailly and Henrikh Mkhitaryan - but in terms of percentage of revenue it broadly remains the same.
Retail revenue increased by £6.7m thanks in part to the fact the full year of their agreement with Adidas came into account along with growth in the Megastore.
United's net debt decreased by £47.8m to £213.1m over the year.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments