Manchester United see commercial revenue increase
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Manchester United are still on course to become the first football club to break through the £100million barrier for annual commercial turnover.
United have posted their third quarter figures this morning, which show commercial revenue has risen to £75.3million, up 33% compared to 12 months ago.
The increase helps compensate for a combined £5million decrease in media and matchday revenue within the third quarter, which club officials put down to a reduction in the number of home games and the fact prices were pegged for an FA Cup fifth round tie with non-league Crawley in March.
United have also confirmed they have bought back an additional £5.5million in bonds, taking the overall amount purchased to £29.5million.
Total turnover stands at £231.7million, up from £219.3million to March 31, 2011.
United's gross debt has also fallen to £477.7million, although this is thought to be a direct result of a conversion to sterling of money owed in dollars, which is weak against the pound.
The Red Devils still have £113million in cash, or its equivalents, which, despite the likelihood that they will clinch a record 19th league title tomorrow and have a Champions League final against Barcelona to look forward to on May 28, many fans believe should be invested in Sir Alex Ferguson's squad.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments