MANCHESTER UNITED PREDICTS ‘DRAMATIC GROWTH’ IN INCOME

Mon, 29/01/2007 - 09:15

Media | United Kingdom | Finance | Football Soccer | Sponsorship | TV Rights

English Premier League club Manchester United reported a pre-tax profit of £30.8 million for the year ending June 2006 and CEO David Gill said the club was now poised for "dramatic revenue growth".

Manchester United said turnover was £165.4 million for the year, against £157.2 million for the 11 months to June 2005. Pre-tax profit for the year to June 2005 was £10.8 million.

Since June 2006 the club has brought in more money from its four-year £56.5 million shirt sponsorship deal with AIG and has seen match day revenue increase with the growth in its Old Trafford stadium capacity from 68,000 to 76,000.

In addition, the latest round of three-year domestic TV deals, which start with the 2007-08 season, generated £1.7 billion in total for Premier League clubs and could see a 65 per cent increase in Premiership TV money for every top flight club, according to Barclays Capital.

Gill said, "With sell-out crowds at the extended Old Trafford and record sponsorship deals like AIG, Manchester United can look forward to a future marked by dramatic revenue growth."

Read all Latest News stories