Manchester United's first half-year results: Commercial income now accounts for 50 per cent of total revenue
25 February 2020
The club's revenue fell by 11.6 per cent to £303.8 million in the first half of the season, United's just-released financial results show.
On the plus side, the club's commercial revenue increased and now accounts for around 50 per cent of the total income.
Heavily impacted by a decrease in broadcasting revenue, the results show the importance of Champions League participation.
Pre-tax profit rose thanks to a decrease in operating expenses.
Share price down 5.05 per cent. The club is now valued at $2.97 billion.
While the club's turnover fell, Manchester United's commercial income rose by 6.5 per cent in the first half of the season, which means that commercial revenue now accounts for 49.7 per cent of their business, the club's just-released financial results show.
Having stalled for the past three seasons, the results could signal a jump-start of United's commercial business, which some suspected stood still because of worsening sporting results. In 2018, commercial income accounted for 41.3 per cent of the club's turnover.
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