Man United set to be first UK club to make $750 million in one year

Getty Images
0 Comments

Manchester United released their financial report for the third quarter of 2016 on Friday and they revealed record revenue levels of $177.4 million for the three months ending March 31.

[ MORE: Terry offered new deal ]

United’s executive vice-chairman Ed Woodward told investors the club expects to earn between $750 and $765 million in 2016, becoming the first British team to earn over $750 million in a single year.

Those estimates come without factoring in UEFA Champions League qualification, which hangs in the balance, too.

[ MORE: Flores out at Watford

United currently sit fifth, two points behind crosstown rivals Man City going into the final game of the season. The Red Devils need to beat Bournemouth at Old Trafford on Sunday and hope City lose at Swansea. If United don’t win and other results don’t go their way, they could finish as low as seventh.

In a statement Woodward said the following of United’s current campaign:

“The conclusion to this year’s season demonstrates once again why the Premier League is the most popular league in the most popular sport. As we reflect on our season, we are delighted by the emergence of yet another crop of exciting young players that demonstrate once again our terrific track record of youth development.

“We are looking forward to the FA Cup final on May 21 and hopefully winning this special trophy for a record-equaling 12th time.”

The main reason for United having a 29.9 percent increase in revenue in this quarter compared to this time last year is a host of new commercial deals, most notably with Gulf Oil international and 20th Century Fox.

However, with the on-field product struggling to deliver UCL action next season, it was telling that Woodward failed to mention manager Louis Van Gaal once in his phone call with shareholders on Friday. If United don’t finish in the top four this Sunday, is it over for LVG? Not qualifying for the UCL will likely cost United around $50 million for next season.

Whatever happens, though, financially the club has never been better.