Manchester United have become the first English club to earn more than half a billion in a year, after their revenue for 2015/16 was revealed.
The Red Devils were dumped out of the Champions League last season at the group stages and finished fifth to miss out on Europe’s top competition this term.
And whilst Louis van Gaal was still at the helm and the world record arrival of Paul Pogba was far from being completed, the Premier League giants have enjoyed a fantastic season financially.
Manchester United’s revenue for 2015/16 was £515.3 million – second only to Spanish titans Barcelona – and in turn becoming the first English club to break the £500 million mark.
The financial results take into account the 2016 fiscal fourth quarter and twelve months running up to 30 June 2016.
“Our record Fiscal 2016 financial performance reflects the continued underlying strength of the business and the Club is on target to achieve record revenues in 2017, even without a contribution from the Champions League,” chief executive Ed Woodward said.
“This strong financial performance has enabled us to invest in our squad, team management and facilities to position us to challenge for, and win, trophies in the coming years.”
Manchester United were helped by winning the FA Cup for a record-equalling 12th time, whilst Jose Mourinho’s highly-publicised move to Old Trafford also boosted their profile.
Their 14 sponsorship deals – six of them being global ones – also helped the club, with Manchester United revealing they are now targeting revenue between £530 million and £540 million for 2017.
Manchester United also reveal their commercial, broadcast and matchday revenue were up by £71.4 million, £32.7 million and £16 million respectively.
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