Manchester United's debt stands at $986.4M (all figure U.S.) after the Premier League club released its latest financial figures for the three months ending December 31, according to Tyrone Marshall of the MANCHESTER EVENING NEWS. ManU posted “healthy revenues" of $288M, although that was “primarily down to their participation in the Champions League.” Their early exit from the competition will “only be reflected in forthcoming financial results.” That is an increase in revenue of 34.9% year-on-year and net profit also rose to stand at $26M for the three months. Matchday revenues were up 59.2% from the same period last year and broadcasting revenue went up by 81%, “both as a result of playing in the Champions League rather than the Europa League.” The results also include the agreement of a minority investment from Jim Ratcliffe, though they also reveal that ManU remains "heavily in-debt, both through long-term debt and the revolving credit facility that the club uses throughout the year." The long-term debt “remained unchanged” -- at $650M -- from this time last year, but a fall in the exchange rates between the U.S. dollar and GBP means that debt has fallen from $683.3M to $646.1M in the previous three months (MANCHESTER EVENING NEWS, 3/12).
