Manchester United make £100k profit against nine-figure quarterly revenue
Manchester United have revealed details of their finances for the start of 2018.
The club’s net profit came in at £100k for the three months to March 31, Q3 of their current fiscal year.
During the same period in 2017, United mad a net loss of £3.8m.
Quarterly revenues climbed 8% to £137m, with commercial accounting for the largest chunk of the total at £66.7m.
This was followed by broadcasting revenues (£39.7m) and matchday sales (£31.1m).
Broadcasting saw the biggest year-on-year growth, rising 31.4% against Q3 2016/17 (compared with increases of 0.3% and 6.1% in commercial and matchday earnings respectively).
Manchester United managed to reduce their debt last quarter to £301.3m, down from £366.3m in Q3 2016/17.
The period saw United strike sponsorship deals with PingAn (financial services) and Science in Sport (regional), renew their regional agreement with Cho-A-Pharm and extend their international partnership with Mlily.
MUFC executive vice chairman Ed Woodward said: “As another season nears its close, we have achieved our highest number of points and finish since 2012/13 and we look forward to another trip to Wembley.
“We anticipate another successful summer tour in the United States in preparation for the 2018/19 season.”