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Manchester United posts record turnover figures

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Manchester United title parade will kick off at Old Trafford
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Manchester United title parade will kick off at Old Trafford
Manchester United posted a record 91.7 million pound turnover for the club's third quarter.

Sponsorship revenue for the Red Devils has played a major factor in the results with a 52.2 percent increase, along with a 27.9 percent rise of commercial income over the full nine-month period.

Other benefactors are the broadcast sector, which shows a 21.7 percent rise, and the match day sector that has risen 34 percent on the corresponding three months last year.

Manchester United executive vice chairman Ed Woodward explained on a conference call: "Each of our three primary sectors - commercial, broadcasting and match day - delivered strong top-line gains and helped us achieve a record third quarter for both revenue and adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization)."

For all the increases in revenue, there has been increases in expenses. Total operating expenses increased 18.6 percent for the third quarter, and wages rose 25.1 percent to 44.9 million pounds, mainly due to new signings Robin van Persie and Shinji Kagawa.

Woodward doesn't expect many signings at Old Trafford in the summer, despite Sir Alex Ferguson's claims he had been thinking of re-building his squad.

"I wouldn't expect there to be a major retooling of the squad," Woodward said. "There is incredible depth. We could put two first teams out with 11 internationals in each.

"It has been a phenomenal season. We are a long way ahead in the Premier League, and while I wouldn't describe the way we got knocked out of the Champions League as luck, things could have gone differently in that game.

"We have a young squad and each of those are a year older. We are very comfortable with make-up of team and squad."

The club expects the overall annual income to be 360 million pounds, and although the gross debt still stands at 367.6 million, it represents a 15.9 percent decrease from June 30, 2012.

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