Manchester United forecasts record revenues for 2013-14 season

Reuters , Wednesday 18 Sep 2013

Revenues at United expected to reach £430 million this season, says club

English soccer champions Manchester United have forecast record revenues of between 420 and 430 million pounds ($683.81 million) in 2013-14 helped by new television and sponsorship deals.

United, controlled by the American Glazer family, forecast underlying profit of 128-133 million pounds in the period to June 2014. The targets were based on the team finishing third in the English Premier League and reaching the quarter-finals of the Champions League and domestic cups.

Revenues in the year to June 2013 came in at 363.2 million pounds ($577.6 million), just ahead of the club's forecast. Profit was 108.6 million pounds, excluding items such as interest and tax payments.

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