Manchester United Announce Record Revenue
Manchester United have announced record revenues of £581.2 million for the 2016-17 financial year.
United won the EFL Cup and the Europa League during Jose Mourinho’s first season in charge and investment in stars such as Paul Pogba, Zlatan Ibrahimovic and Henrikh Mkhitaryan saw staff costs rise by £31.3m to £263.5m – an increase of 13.5 per cent.
Nevertheless, United turned in a £39.2million pre-tax profit, with net debt reduced by £47.8m (18.3 per cent) to £213.1m.
The figures came in above the guidance published by United in May, which projected yearly revenues in the region of £560m-£570m, while the revenue figure of £515.3m from the previous 12 months was comfortably outstripped.