Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Manchester United Report Record Quarterly Revenues

Wed 14th Nov 2012 | Money & Finance

Manchester United have today reported record first quarter revenue of £76.3m. The financial results for the 2013 fiscal first quarter ending 30 September 2012 also showed sponsorship revenue increased by 32.4% giving United first quarter net income of £20.5M

United also revealed total borrowings stood at £359.7 million compared to £436.9 million at 30 June 2012. This was attributed to the re-purchasing and retirement of £62.6 million. United paid out £3.1 million in professional advisor fees in connection with the IPO earlier in the year which raised £70.3 million on the New York Stock Exchange.

Commercial revenue for the quarter increased 24.3% to £43.0 million driven by the addition of several new global (including General Motors - Chevrolet) and regional sponsorships; an increase in receipts from existing partnerships; an increase in profit share pursuant to the arrangement with Nike; and the commencement of new mobile partnerships. 

Retail, merchandising, apparel and product licensing revenue increased 11.9% to £9.4 million; and new media and mobile revenue increased 11.5% to £5.8 million. 

However, broadcasting revenues for the quarter decreased 37.4% year on year to £13.7 million but matchday revenues increased 13.3% to £19.6 million principally as a result of one-off fees earned from the staging of nine Olympic Games football matches at Old Trafford together with the impact of a home fixture in the League Cup (compared with nil in the prior year quarter).

Total operating expenses for the quarter increased 12.7% to £74.8 million whilst staff costs for the quarter increased 6.6% to £40.3 million, primarily due to growth in commercial headcount and partially offset by a one-off receipt of £1.3m for players on International duty at Euro 2012.

Overall, profit for the period from continuing operations for the quarter increased to £20.5 million, compared to a loss in the prior year quarter of £5.0 million. Capital expenditures on property, plant and equipment and investment property for the quarter were £3.4 million compared to £13.8 million in the prior year quarter.

Posted by: Aaron Gourley

Subscribe to our newsletter

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE FCBUSINESS RSS FEED

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Shrewsbury Town’s Safe Standing Crowdfunding Campaign Success

Tue 17th Oct 2017 | Money & Finance

In an historic achievement, Shrewsbury Town Football Club are one step closer to being the first club in England and Wales to introduce safe standing at their Montgomery Waters Meadow stadium,...

Average Premier League Ticket Costs £32

Fri 13th Oct 2017 | Money & Finance

The average price of watching a Premier League match costs £32 according to research released today. The Premier League, working with professional services company EY, has conducted in-depth...

FC Barcelona to become world’s top earning sports club

Thu 12th Oct 2017 | Money & Finance

FC Barcelona announced on Wednesday the financial reports that it will present at the Club’s Ordinary General Assembly on 21 October, when it will share the annual report with member delegates...

Premier League clubs must sell over 2 million tickets to earn back total transfer spend this season

Thu 5th Oct 2017 | Money & Finance

Each year, the summer transfer window is the most highly awaited time of year for football fans, and clubs alike. It's an opportunity to sign top-quality players to heighten the club's chances of...