By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: Manchester United Becomes First UK Football Club to Earn Over $600m In a Year
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
EntertainmentSport

Manchester United Becomes First UK Football Club to Earn Over $600m In a Year

Farouk Mohammed
By Farouk Mohammed
Published: September 12, 2016
Share
3 Min Read
SHARE

Manchester-United-2016-2017-Kit-2

Manchester United became the first British football club to earn more than half a billion pounds in a single year after announcing Monday total revenue of £515.3 million ($683.5 million, 608.9 million euros) for the year ending June 30, 2016.

The Premier League giants also declared a record operating profit of £68.9 million.

Their figures also saw United return to the black, following a net annual loss of £900,000, with a net profit of £36.4 million.

- Advertisement -

However, United’s annual revenue figure was still shy of the 679 million euros (£570 million, $762 million) declared by Barcelona in July.

United’s continuing financial success, despite not winning the Premier League last season and failing to qualify for Europe’s lucrative Champions League, allowed new manager Jose Mourinho to splash out a world record £89 million on signing midfielder Paul Pogba from Italian side Juventus during the recent transfer window.

Although United won the FA Cup, a fifth-place finish in the 2015/16 Premier League season saw Dutch manager Louis van Gaal sacked and replaced by former Real Madrid and Chelsea boss Mourinho.

United’s revenue is forecast to rise to between £530 to £540 million at the end of the next financial year and executive vice-chairman Ed Woodward said: “Our record fiscal 2016 financial performance reflects the continued underlying strength of the business and the club is on target to achieve record revenues in 2017, even without a contribution from the Champions League.

- Advertisement -

“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.”

Retail, merchandising, apparel and Product licensing revenue was £97.3 million, an increase of £65.7 million, or 207.9 percent, over the previous year, mainly as a result of the start of a new kit agreement with Adidas that guaranteed United more money than their previous deal with rival sportswear giants Nike.

Broadcasting revenue, boosted by a new Premier League deal, rose more than 30 percent to £140.4 million, with matchday revenues at Old Trafford totalling £106.6 million — an increase of over 17 percent.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Manchester United
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article Pastor Arrested For Anointing 18-year-old Female V***** With Olive Oil In Ghana (Photo)
Next Article President Zuma Pays Back $542,000 Public Funds Spent Refurbishing His Private Home

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Updated: 2 days ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Nigerian Troops Neutralize Terror Kingpin Mai Dada, Recover Arms in Multi-Region Operations
Security
NNPP Welcomes Possibility of Rabiu Kwankwaso Joining APC Amidst Ganduje’s Resignation
News
Tinubu’s State Visit to Saint Lucia Marks Historic Diplomatic and Cultural Engagement, Presidency Clarifies
International News
President Bola Tinubu Suspends Implementation of Financial Reporting Council Amendment Act 2023
News
Aminu Dantata to be Buried in Madinah After Saudi Approval
News
- Advertisement -
Ad imageAd image

You May Also Like

CrimeVideo

VIDEO: NDLEA Issues Strong Advisory to Travellers Against Carrying Unknown Bags

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
News

SERAP Demands Transparency from Nigeria’s Governors on Security Vote Spending

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
NewsSecurity

Security Situation Improving, CDS Urges Continued Support from Nigerians

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?