Blue Pitch Will Not Be Forced Out Of Ibrox AFL Clubs Rebel Against 'KFC' Tax Chime Poised To Be Sold For $546M ManU Sponsors Push For Asia Tour Betfair Hires Cubo To Handle Ad Business RFU Issues Social Media Guidelines Football League Partners With Liftshare BT Records Strong Q1 Growth In TV Agag Looks Back At Inaugural FE Season Exec: Cricket Needs More Entertainment
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
SBD Global/February 15, 2013/Finance
New Sponsorship Deals Put Manchester United On Course To Meet Financial Goals
Published February 15, 2013
NUMBERS GAME: The MANCHESTER EVENING NEWS reported ManU posted its results for the final six months of '12, which revealed that "revenues rose" from £175.1M ($271M) to £186.4M ($288M). Pre-tax profits during the six months grew from £12.8M ($20M) to £22.3M ($34.5M). Commercial income in those three months "rocketed" by nearly 30% from £27.6M in '11 to £35.6M ($55.2M) in '12 (MEN, 2/14). The PA reported the club's gross debt decreased by 16.1% to £436.9M ($675M) in the final six months of '12. For the '12-13 financial year, ManU is now forecasting revenue to be £350M ($542M) to £360M ($557M), compared to £320M last year, which was down 3.3% (PA, 2/14).