Manchester United are expecting to post record breaking annual revenues after a profitable first quarter.
The club have announced their results of their first quarter and the revenues counted up to 30th September have gone up by 39.3% to £123.6m.
The return of Champions League football to Old Trafford this season, coupled with the sales of their replica Adidas kits, have provided a major fillip to their revenues in the first quarter.
Manchester United are expecting their annual revenues to be between £500m and £510m, which would be a record total as no club have ever breached the £500m mark.
The Champions League has brought extra cash into the club’s coffers in the form of matchday receipts and broadcast revenues, something they missed out on last season.
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Manchester United signed a record breaking kit deal with Adidas last year in 2014, worth £750m over 10 seasons, which has massively boosted their earning power.
The Red Devils are the most valuable sports brand according to Forbes and have a plethora of sponsorship deals across the world.
Louis van Gaal’s men are also doing relatively well on the pitch this season. They are just two points off league leaders Manchester City and are currently at the top of their Champions League group.
