United score big as commercial and TV deals drive record results

 
Julian Harris
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THE BOOM in income for English football’s top clubs is showing no sign of slowing down, with Manchester United raking in nearly £100m in its first three months of a new fiscal year.

Releasing its first quarter results yesterday, executive vice-chairman Ed Woodward also said that the new £900m BT deal to show the European Champions League and Europa League from 2015 would be worth upwards of £10m a season to each English club that qualifies.

United’s exceptional success with commercial deals was reflected in a 39.3 per cent jump in this revenue stream to £59.9m in the quarter ending 30 September.

And the seemingly ever-growing levels of TV cash were shown by a 40.9 per cent leap in broadcasting revenue to £19.3m. United said total revenue hit a record £98.5m, and predicts annual revenue to come in at £420m-£430m. Its debt level is £361m.