FILE PHOTO: Soccer Football - Premier League - Manchester United v Wolverhampton Wanderers - Old Trafford, Manchester, Britain - September 22, 2018 General view inside the stadium before the match Action Images via Reuters/Carl Recine
(Reuters) - English soccer club Manchester United forecast revenue for 2018-19 to rise to record levels, helped by increased broadcasting revenue as a result of UEFA's new revenue distribution system coming into effect.
The forecast comes despite the club having dropped off the pace in the new Premier League season, sitting seventh in the table, eight points behind leaders Liverpool and six adrift of cross-town rivals and reigning champions Manchester City.
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