Manchester United quarterly revenue rises on broadcasting boost


FILE PHOTO: Soccer Football - Premier League - Manchester United v Manchester City - Old Trafford, Manchester, Britain - December 12, 2020 General view of the Manchester United crest on a corner flag before the match Pool via REUTERS/Phil Noble

(Reuters) - Manchester United Plc said its total revenue rose 2.6% in the last three months of 2020, helped by strength in broadcasting.

"The rapid rollout of vaccines in the UK and beyond gives us confidence that we are now on a path towards normality, including the return of fans to stadia" Executive Vice Chairman Ed Woodward said on Thursday.

Broadcasting revenue, the English Premier League soccer club's largest segment, rose 68% to 108.7 million pounds. The jump was helped by United's participation in the European Champions League.

United, 20 times English champions, are currently second in the Premier League, but lag 14 points behind local rivals Manchester City.

The club said revenue for the three months ended Dec. 31 was 172.8 million pounds ($239.97 million) and profit was 63.9 million pounds.

($1 = 0.7201 pounds)

(Reporting by Keith Weir in London and Arunima Kumar in Bengaluru; Editing by Shounak Dasgupta and Shinjini Ganguli)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
   

Next In Football

Injury misery drags on for Everton's Gbamin
Wolves' Neto to miss rest of season after knee injury
Villa's Trezeguet to undergo knee surgery
Chelsea must not 'lose their heads' protecting lead, says Tuchel
Who will win La Liga's three-way title race?
Barcelona pip Real Madrid to become world's most valuable club - Forbes
Cavani proves he is Man Utd's best bet as lead striker
Bayern targeting 'mini upset' in Paris, says Flick
Italian FA appeals to PM Draghi to confirm Rome as Euro 2020 host city
Persepolis target third final as Champions League returns

Stories You'll Enjoy


Vouchers