Manchester United has confirmed that the club has seen an increase in revenue for the three-month period of October, November and December 2012.
The signing of six new sponsorship deals, coupled with on-pitch success in the Champions League has seen the club’s commercial revenues increase by 29% from the same three months in 2011. This is an added boost for the Manchester giants, as many fans have voiced their frustration over the club’s debt levels, which have decreased by 16.1% since June 2012. The figure now stands at £436.9m.
Ed Woodward, executive vice-chairman of the club, expressed hi
s satisfaction with the increase. “”Manchester United achieved record revenue… in the second quarter driven by our commercial operation, which continues to experience extremely strong growth particularly in sponsorship.”
Staff costs increased this year, as big-money signings such as Robin Van Persie and Shinji Kagawa led to an increase in player wages. A statement said: “Staff costs for the second quarter increased 14.2% year on year to £44.2m”.
A much more successful European campaign has allowed the club to gain an increase in financial rewards, something that they will hope can continue.