London - Manchester United are in line to become the first
British club to earn at least half a billion pounds in revenue in a single
year, even if participation in the lucrative Champions League next season still
hangs in the balance.
United head into their final Premier League game at home to
Bournemouth on Sunday, in fifth place and two points behind local rivals
Only the top four clubs in the English top flight are
guaranteed a place in the elite Champions League and failure to get into the
tournament will only add to the pressure on manager Louis van Gaal, whose
future with the Old Trafford club has been the subject of intense speculation
But none of that stopped United, who face Crystal Palace in
the FA Cup final at Wembley later this month, from announcing a record
underlying pre-tax third quarter profits of 44.9 million ($64.7 million, 57.04
million euros) on Friday.
The Premier League side said in a statement that this
represented an increase of 76.8 percent, while revenue for the same 2016 fiscal
third quarter and nine months ended March 31 had risen to 123.4 million, up
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One of the best-known brands in world sport, with a huge
global fan base, United's statement added they expect to earn between 500-510
million of revenue in 2016.
Commercial revenues rose 37.7 percent to 65.8 million, with
total operating expenses up 3.2 percent to of 102.2 million compared to the
same quarter last year.
United executive vice-chairman Ed Woodward was pleased with
the club's position both on and off the field, but significantly made no
mention of Dutch manager van Gaal in a statement accompanying Friday's figures.
"The conclusion to this year's season demonstrates once
again why the Premier League is the most popular league in the most popular
sport," he said of a title race won by former 5,000/1 outsiders Leicester
"As we reflect on our season, we are delighted by the
emergence of yet another crop of exciting young players that demonstrate once
again our terrific track record of youth development," Woodward added.
"We are looking forward to the FA Cup final on May 21
and hopefully winning this special trophy for a record-equalling 12th
Woodward was due to comment in more detail about United's
figures in a conference call at 1.00pm local time (1200 GMT) Friday.For
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