Manchester United have recorded record revenues of £515.3m in the 2016 financial year, becoming the first UK football team to break the £500m barrier.
In a year that saw the Red Devils win the FA Cup but fail to qualify for the Champions League, the club signed 14 sponsorship deals bringing their total number of partners to over 70.
The record breaking sum was aided by the 30.4% growth in broadcasting revenue and the commercial revenue rise from £71.4m to £268.3m (36.3%). Matchday revenue also rose 17.7% from £90.6m to £106.6m. Deloitte has predicted that because of the TV deals, United will overtake Real Madrid to become the world’s highest-earning club from next year.
The clubs executive vice-chairman, Ed Woodward, said: “This strong financial performance has enabled us to invest in our squad, team management and facilities to position us to challenge for, and win, trophies in the coming years.” [Source: Sportquake.com]