Having already risen to the top of the Deloitte money list, Manchester United have now announced record revenues for 2017, amounting to a staggering £581 million for their 2017 financial year.
The BBC reports that the main reason for this record is the 38% increase in TV revenues that the Club has enjoyed – going from just over £140m to £194m. Their Europa League success last season also boosted the Club’s TV exposure, with all their games screened, and their associated inclusion into this seasons Champions League is also a contributory factor.
In 2016 they reported their first ever revenue stream of over £500m – within a season that figure is nearing £600m.
A further plus from the release of the financials was that the net debt of the Club fell by almost £50m to just over £213m.
The figures make for some staggering reading, with nigh on every element, including operating profits rising from last year. The only negative was an increase in wages and a 15% loss on the Club’s digital output.
Manchester United remain the biggest name in English, if not world, football, and with the Club consistently looking to extend its reach, both commercially and scouting, this trend only seems destined to grow and grow. Whether their domestic rivals can ever hope to compete with this financial power is debateable – but for United fans, and their empire, they look set to be the benchmark for years to come yet.