Member Article

Manchester United report profit halved despite £105.7 million revenue

Manchester United have released its second quarter results showing a total revenue of £105.7 million.

United also report its commercial revenues are up 9.7% at £46.4 million

Its pre-tax profits were announced at £15.9 million for the six months ending December 2014, compared to £29.8 million for the same period the previous year.

The announcement comes as two new sponsorship deals were revealed with Chi as official soft drinks partner in Nigeria and IVC (Aland), the Club’s first wellness partner in China.

Total sponsorship revenue increased by 23.4% for the second quarter to £35.8 million, an increase of £6.8 million, over the prior year quarter, primarily due to an increase in shirt and other sponsorships

Executive vice chairman, Ed Woodward, said, “The recently announced Premier League broadcasting rights package for 2017-19, representing an increase just over 70%, once again demonstrates that we are part of the top football league in the world.

“Notwithstanding no European football this season, our Revenues and EBITDA remain strong and demonstrate the underlying strength of our business model, with commercial revenues up year over year.

“On the pitch, the team is well positioned to challenge for a top four finish in the Premier League and we look forward to the rest of the season.”

This was posted in Bdaily's Members' News section by Sophia Taha .