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



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

In Focus: Relegation. Can It Reduce Your Business Rates?

Mon 27th Mar 2017 | Money & Finance

It is that time of year again….the happy financial prospect of promotion for a few or the nightmarish vision of relegation for other clubs. So how does league status affect a club’s...

Chancellor Misses Rate-Relief Open Goal In Budget

Thu 9th Mar 2017 | Money & Finance

Rate relief for football in the community: An open goal for Government in 2017 Football clubs, large and small, will not benefit from any substantive ‘give-aways’ following the Chancellors...

Leicester City make pre-tax profit of 16.4m after winning Premier League

Thu 2nd Mar 2017 | Money & Finance

Leicester City today announced its financial results for the year ending 31 May, 2016 – a period of continued growth and unprecedented success for the Football Club. An historic, captivating...

Liverpool FC announces financial results for year to May 2016

Wed 1st Mar 2017 | Money & Finance

Liverpool FC has filed its annual accounts for the year to May 31, 2016 reporting that revenues are continuing to grow, creating further financial stability for the club. Overall revenue increased to...