ManU predict record revenue for 2017

AFP, LONDON: Manchester United predicted a record rise in annual revenue to between £560 million ($721.8 million, 652.4 million euros) and £570 million in their latest quarterly financial figures released on Tuesday.
United had previously told investors to expect revenue of between £530 million and £540 million for the 2016-17 financial year.
Broadcast revenue for the quarter rose by 12.9 percent to £31.4 million, largely due to the Premier League's new bumper television rights deal taking effect.
“We are forecasting better full-year financial performance than expected and as such have raised our revenue and profit guidance for the year,” said United executive vice-chairman Ed Woodward in a press release. “We look forward to a strong finish to 2016-17, both on and off the pitch.”
United failed to qualify for this season's Champions League, but their exploits in the Europa League have helped them to record strong financial results.
They have won the League Cup in Jose Mourinho's first season as manager and will face Ajax in the final of the Europa League, the only tournament they have never won, on May 24.
They must win the Europa League to qualify for next season's Champions League, having failed to secure a top-four finish in the Premier League.
United will see a 30 percent reduction in their sponsorship deal with Adidas -- a loss of £21 million -- if they do not reach the Champions League, spread out over the remaining eight years of the contract. Despite that, Woodward told investors in a conference call that United have made “tremendous progress on and off the pitch” under Mourinho.

ManU predict record revenue for 2017

AFP, LONDON: Manchester United predicted a record rise in annual revenue to between 560 million ($721.8 million, 652.4 million euros) and 570 million in their latest quarterly financial figures released on Tuesday. United had previously told investors to expect revenue of between 530 million and 540 million for the 2016-17 financial year. Broadcast revenue for the quarter rose by 12.9 percent to 31.4 million, largely due to the Premier Leagues new bumper television rights deal taking effect. We are forecasting better full-year financial performance than expected and as such have raised our revenue and profit guidance for the year, said United executive vice-chairman Ed Woodward in a press release. We look forward to a strong finish to 2016-17, both on and off the pitch. United failed to qualify for this seasons Champions League, but their exploits in the Europa League have helped them to record strong financial results. They have won the League Cup in Jose Mourinhos first season as manager and will face Ajax in the final of the Europa League, the only tournament they have never won, on May 24. They must win the Europa League to qualify for next seasons Champions League, having failed to secure a top-four finish in the Premier League. United will see a 30 percent reduction in their sponsorship deal with Adidas -- a loss of 21 million -- if they do not reach the Champions League, spread out over the remaining eight years of the contract. Despite that, Woodward told investors in a conference call that United have made tremendous progress on and off the pitch under Mourinho.