Record revenue masks Manchester United's age of discontent
24 September 2019
United's revenue breaches £600 million.
Transfer spending since Alex Ferguson's departure hits £1 billion.
Club target China in expansion plans.
Markets was unimpressed by Manchester United’s financial results.
Manchester United's revenue has hit a record high of £627.1 million, despite a backdrop of declining commercial revenue and plateauing matchday income.
The results published earlier today show total avenue revenues for the year to 30th June up 6.3 per cent, with EBITDA of £185.8 million. Operating profit was £50 million.
United's executive vice chairman, Ed Woodward, used an investor conference call to hail what he called a return to a "firm foundation and culture" led by the club's new manager, Ole Gunnar Solskjaer, a former player.
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