Revenue fall for Manchester United

Today the club have revealed that we have had a 3.3% fall in revenues following last season’s exit from the Champions League in the group stages.

Overall revenues for this quarter were down by 3.3%  to a reported £320 million.

Leaving the Champions League in the group stage also caused a 11.3% drop in broadcast (Television Rights) income.

Manchester United net profits was though up 79.2% to £23.3m

Commercial earnings for the club hit a record breaking £117.6m which is a rise of 13.7%.

Manchester United’s executive vice chairman, Ed Woodward, said:

“Fiscal 2012 was the best year ever for Manchester United’s commercial business.”

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