Whoa, that’s a lot of dough.
With the record television deals in place for the Premier League, there’s no wonder top clubs are doing so well financially.
Manchester United is right at the front of that, with the club posting a record revenue figure for the 2016/17 year.
The Red Devils also won three trophies — UEFA Europa League, League Cup and Community Shield — which certainly helped boost the club’s morale as well.
“We concluded a successful 2016-17 season with a total of three trophies [including the Community Shield] and a return to Champions League football,” said United executive vice-chairman Ed Woodward.
“The year saw us set record revenues of over £581m and achieve a record EBITDA [Earnings before interest, tax, depreciation and amortization] of £199.8m. We are pleased with the investment in our squad and look forward to an exciting season.”
Overall, United has reportedly netted a profit of roughly $53 million, before taxes, and the club’s net debt has been reduced to around $288 million.
Woodward has estimated that United will generate in the range of $770 to $790 million for the 2017-18 fiscal year.Follow @MattReedFutbol