Member Article

Manchester United post record revenues for Q3

Manchester United have posted record results for the third quarter, with a 31.9% rise in commercial revenue year-on-year.

Revenue from sponsorship increased by 52.2% while broadcasting revenues went up by 28.4%.

These figures, combined with matchday revenue rises of 27.8%, brought the Premier League football team’s total third quarter revenue to a record £91.7m.

Manchester United’s results were boosted by series of sponsorship deals with Japanese social gaming firm, gloops, Danish Ekspres Bank and Vietnamese financial services company, BIDV.

The results also highlighted the team’s eight year deal with Aon, which has included the sponsorship of Manchester United’s Innovative Training Centre.

Ed Woodward, Executive Vice Chairman 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.

“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.”

The team predicted revenues between £350m and £360m for the full year, along with an adjusted EBITDA between £107m and £110m.

This was posted in Bdaily's Members' News section by Miranda Dobson .