Thursday 8 December 2016

Manchester United's profits have soared since they returned to Champions League football

Martyn Ziegler

Published 12/11/2015 | 14:06

Manchester United have released their financial figures for the first quarter of the year
Manchester United have released their financial figures for the first quarter of the year

Manchester United's financial power has been underlined by the club's first-quarterly figures which shows income has rocketed by 39.3 per cent to £123.6million.

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United's return to Champions League competition has seen a big leap in matchday and broadcast revenue, while the first income from the huge Adidas kit deal - worth £75million annually - has also kicked in.

The figure for EBITDA - which reflects the underlying profitability of the company - was up more than 100 per cent to £41.6million.

Ed Woodward, United's executive vice-chairman said: "Our record first quarter revenues and EBITDA demonstrate the continued strength of our businesses. We are delighted with the early progress made in licensing."

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