Manchester United has become the first British club to post revenues in excess of half-a-billion pounds for a single year, it has emerged.
The club isn’t to do so in world football, with Barcelona benefiting from a strong euro against the pound to post a revenue of £571 million in July.
The Red Devils earned £515.3 million in 2015-16, a rise of roughly 30% from the last financial overview.
Meanwhile, the club still have a large amount of debt from when the Glazers took over, now totalling £260.9 million after a 2% increase this year.
Executive vice-chairman Ed Woodward was happy with the results, claiming it will help the team to challenge for silverware in the near future.
‘This strong financial performance has enabled us to invest in our squad, team management and facilities to position us to challenge for, and win, trophies in the coming years,’ said the 44-year-old.
Man Utd financial year
Total revenue: £515.3m
Commercial revenue: £268.3m
Match day revenue: £106.6m
Wage bill: £232.2m
Louis van Gaal and coaches pay-off: £8.4m
14 new sponsorship deals
United’s commercial sector alone brought in £268.3 million, which only 11 clubs in world football make more than in total.
Financial successes, such as the then record-breaking £750 million ten-year Adidas kit deal signed in 2014, have become a regular occurrence for the club – who have also splashed out with the cash to sign players such as Paul Pogba.