MANCHESTER UNITED continue to be a dominant force in world football after announcing record revenues of £515.3million.
United become the first English club to bring in over half a billion pounds worth of revenue and in the process they have also taken in £68million worth of profit.
The club’s 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.
“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.”
There is no secret their £600million mega-deal with Adidas has boosted their revenue as they brought in 14 new partners to the Manchester United franchise this year.
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But they are not the first football club to bring in revenues of over half a billion pounds, after Barcelona already brought in £571million.
Jose Mourinho has guided United to third in the Premier League after spending £157.25million on Paul Pogba from Juventus, Henrikh Mkhitaryan from Borussia Dortmund and 22-year-old Eric Bailly from Villarreal.
The former Chelsea manager also landed Zlatan Ibrahimovic on a free transfer and with all the new signings their wage bill boosted up to £232.2million.
Jose Mourinho spent £157.25million on players this summer at Old Trafford[/caption]
The arrival of Zlatan Ibrahimovic and co saw the wage bill rise to £232.2million[/caption]
It is being predicted in 2017 United’s revenues could stack up to £540million and that’s ignoring the fact the club are not involved in the Champions League this season.
But after a busy summer of spending Old Trafford have seen a rise in the net debt at the club as it has rised from £5.7m to £260.9m.
But despite the high revenue, United’s net debt has risen from £5.7m to £260.9m[/caption]