Man United in spending push to win trophies
Manchester United made £95m in the first three months of 2015 thanks to an increase in commercial revenue and sponsorships.
The Premier League giants said they were “pleased” with manager Louis van Gaal’s first season in charge but expect the Dutchman to deliver trophies next season.
Commercial revenues at the club jumped 11.7 per cent to £47.8m for the third quarter ended 31 March 2015, as the club unveiled three new sponsorship deals.
However, the club was hit by a 39 per cent drop in broadcasting revenue from £35.6m to £21.7m and a 31.3 per cent drop in matchday revenue from £37.1m to £25.5m – mainly due to their absence from this season’s Champions League and early exit from the League and FA Cups. But the club’s ceaseless commercial growth has encouraged a raise in expected full-year earnings before interest, tax and amortisation from £103m to £110m.
Executive vice chairman Ed Woodward said: “We expect to be active again during the (transfer) window.” The club has already agreed to sign Dutch forward Memphis Depay from PSV Eindhoven for around £21.6m