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

Watford FC: An Unlikely Financial Success Story?

Wed 26th Apr 2017 | Money & Finance

The business model carried out by the owners of Watford FC is unlikely to be adopted by too many sectors outside of football, but by hiring and firing a conveyor belt of managers, they have managed to...

Newcastle United & West Ham Face Tax Investigation

Wed 26th Apr 2017 | Money & Finance

Newcastle United and West Ham United have been targeted by HMRC for alleged Tax and National Insurance fraud. Officers are understood to have raided the offices at St James’s Park and the London...

Premier League Revenues Grow But Losses Return

Thu 20th Apr 2017 | Money & Finance

Premier League clubs’ revenues increased to a new record of £3.6bn in 2015/16, according to Deloitte, the business advisory firm. Analysis of the financial results of Premier League clubs...

7 Tips From The Best Online Football Merchandise Stores

Thu 13th Apr 2017 | Money & Finance

CEO, Lewis Holland and the team at DiscountIF team have been studying various merchandise stores of football clubs in the UK. This article was originally posted here. We’ve compiled a short list...