Man Utd's revenue record 98.5 million pounds increase
Man Utd revenue increases to record high 98.5 million pounds
Click here to add Aeroflot as an alert
Disable alert for Aeroflot,
Click here to add BT as an alert
Disable alert for BT,
Click here to add Defending Premier League as an alert
Disable alert for Defending Premier League,
Click here to add Ed Woodward as an alert
Disable alert for Ed Woodward,
Click here to add New York Stock Exchange as an alert
Disable alert for New York Stock Exchange,
Click here to add PepsiCo as an alert
Disable alert for PepsiCo
The club also welcomed the latest broadcast deal under which British group BT will pay around 900 million pounds for rights to European club soccer for three years from 2015.
According to Sport24, Manchester United executive vice-chairman Ed Woodward stated that the deal represents a meaningful increase over the current arrangement, which should translate into higher broadcasting revenue for the participating clubs.
The report mentioned that United reported a core profit of 22 million pounds in the quarter, an increase of 36 percent, following new sponsorship deals with companies including Russia airline Aeroflot and soft drinks company PepsiCo.
According to the report, United is also forecasting revenues for the year as a whole of between 420-430 million pounds, closing the gap on European rivals Real Madrid and Barcelona .
United shares, listed on the New York Stock Exchange since August 2012, closed at 15.75 dollars on Wednesday, valuing the club at 2.6 billion dollars, with the stock rising from a flotation price of 14 dollars, the report added. (ANI)
- Man Utd set to announce record revenues of 420 mln pounds for 2013-14
- Man Utd reports record 52 percent hike in sponsorship revenue
- Van Gaal gets 'minimum 3rd place' Premier League finish ultimatum from Man Utd
- Man Utd sign five-year deal with Aeroflot
- Fabregas wants to stay at Barcelona despite Man Utd interest