Despite a mixed start to the season, Manchester United have reported record revenues of £590m for the year ending in June, an increase of 1.5% on the previous year. The club forecast that they will break the £600m barrier next time around.
United’s revenues were boosted by a 5.2% rise in TV broadcasting, which increased to £204m after the Red Devils 2nd place finish in the Premier League last season – compared to their 6th place finish in the 2016/17 campaign.
Securing key sponsorships has also help bolster United’s revenues over the past year. A total of seven new partnerships have been signed including the clubs first ever official sleeve sponsor, Kohler.
However, United’s Q4 revenue fell to £147.6m down 16%, after they suffered a shock defeat to Sevilla in the quarter-finals of the lucrative Champions League.
More about United’s partnership with Kohler here.