United scores $66m goal

The Premier League champions reported a 22 percent rise in profits, with pre-tax profits for year ending July 31 of £39.3m ($65.8m/EUR56.39m).

The results have been boosted by the first financial fruits of its $500m (EUR430m) 13-year deal with sportswear firm Nike, a good run in the lucrative UEFA Champions League, and another championship winning domestic season.

Coffers were also swelled by the multi-million dollar sale of England captain David Beckham to Spanish giants Real Madrid.

Said David Gill, the club’s new CEO who replaced Peter Kenyon who quit to join rivals Chelsea: “These results reflect the significant success that Manchester United has achieved both on and off the field.

“Looking ahead, we will maintain our focus on achieving playing success while delivering continued strong performances from our commercial operations.”

The club’s wage bill was up by 12 percent, but still comfortably under half the club’s turnover of £173m ($290m/EUR248m).