United post record results

With new deals being announced on almost a weekly basis, it is no surprise commercial revenues have risen a staggering 29.7% to ?152.5million for the year ended June 30, 2013.

It is the most significant rise in an overall 13.4% increase in turnover to a club record of ?363.2million. The club's debt has fallen by 10.9% to ?389.2million.

The adjusted profit for the period is ?17.2million.

Wages have risen 11.6% to ?180.5million, partly as a result of the club taking on more staff to work on its new digital operation, but also an increase in player salaries.

United have reported a rise in sponsorship revenue alone of 44.1% to ?90.9million.

However, broadcast revenue has dipped 2.3% to ?101.6million as United gained only a 25% share of Champions League revenue paid to England's four competing clubs in last season, due to a second-place finish behind Manchester City in the previous campaign.

An increase in matchday revenues of 10.5% to ?109.1million was mainly due to Old Trafford being a host Olympic venue.

The club confirmed "exceptional items" costs of ?6.2million were partly due to costs incurred with the flotation in New York, but also contracts of coaching staff - Mike Phelan, Rene Meulensteen and Eric Steele - being paid up following the summer departure of manager Sir Alex Ferguson.

It was also stated in the results than net finance increased ?21.3 million to ?70.8 million primarily due to a ?22million premium paid to buy back some of its bonds, which will save interest payments in future years.

Source: PA

Source: PA