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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).