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 Post Record Third Quarter Revenues

Fri 3rd May 2013 | Money & Finance

Manchester United’s commercial prowess shows no signs of abating after the club announced record third-quarter revenues of £91.7m.

The figures released yesterday show commercial revenues in the third quarter had increased 31.9% year-on-year to £36m.

United Executive Vice Chairman, Ed Woodward commented, “Each of our three primary sectors – Commercial, Broadcasting and Matchday – delivered strong top-line gains and helped us achieve a record third quarter for both revenue and adjusted EBITDA.

The rise in revenues was driven by the addition of several new sponsorship deals, most notably the new eight-year training kit and complex partnership with current shirt sponsor Aon.

“In addition, we are delighted to be continuing and deepening our relationship with Aon, as our new Training Kit, Training Centre and Tour Partner, for an additional eight years,” added Woodward.

For the third quarter, sponsorship revenue increased 52.2% to £21.0m whilst its retail and merchandising arm increased 9.5% to £9.2m. New media and mobile revenues also increased 13.7% to £5.8m.

Broadcasting revenues increased 28.4% year on year to £21.7m relating to their progress to the Champions League Round of 16 compared to exiting at the group stages in the prior year. This also led to an increase in matchday revenues of 27.8% to £34.0m, due primarily to an additional three home cup games in the quarter compared to the prior year quarter.

Total operating expenses for the third quarter increased 18.6% year on year to £79.0m.

Despite the increase in revenues, staff costs increased 25.1% year on year to £44.9m, primarily due to new player signings, existing player wage increases and growth in commercial headcount. The nine months year to date increase is 15.1% year on year to £129.4m.

United’s other operating expenses for the third quarter also increased 50.3% year on year to £21.8m, primarily due to an increase in domestic cup gateshare costs, catering direct costs, and police and security costs – associated with the four FA cup home games played in the quarter compared with none in the prior year quarter.

Profit on the disposal of players’ registrations for the third quarter was £2.5m compared with £2.1m in the prior year quarter

Significantly United’s total debt stood at £367.6m on 31 March 2013 compared to £423.3 million at 31 March 2012.

Posted by: Aaron Gourley

To subscribe to our range of football newsletters including news, products and jobs CLICK HERE.




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

Mats Hummels Joins Juan Mata For Common Goal

Thu 17th Aug 2017 | Money & Finance

Bayern Munich and Manchester United stars unite behind Common Goal #CommonGoal World Cup winner and Bayern Munich player Mats Hummels has become the second footballer to join Common Goal , pledging 1%...

Aldershot Town Gets Financial Support From Council

Tue 15th Aug 2017 | Money & Finance

Aldershot Town Football Club has confirmed that Rushmoor Borough Council has agreed to a package of financial support for the club, including rent and rates relief, until 2021. Following on-field...

Chinese debts emphasize need for local players’ association

Thu 27th Jul 2017 | Money & Finance

FIFPro is ready to offer assistance to professional footballers in China and other parts of the world where local player associations do not yet exist. Media reports this week revealed several Chinese...

SPFL: No fresh tax scheme sanctions against Rangers

Wed 26th Jul 2017 | Money & Finance

The SPFL Board today announced, following legal advice from eminent Senior Counsel, Gerry Moynihan Q.C., that there will be no further disciplinary proceedings taken by the SPFL connected with the use...