adminLONDON. — Manchester United predicted a record rise in annual revenue to between £560 million and £570 million in their latest quarterly financial figures released yesterday.
United had previously told investors to expect revenue of between £530 million and £540 million for the 2016-17 financial year.
Broadcast revenue for the quarter rose by 12.9 percent to £31.4 million, largely due to the Premier League’s new bumper television rights deal taking effect.
“We are forecasting better full-year financial performance than expected and as such have raised our revenue and profit guidance for the year,” said United executive vice-chairman Ed Woodward in a press release. — AFP.
Peter Tanyanyiwa
Online Reporter