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Manchester United release figures showing revenue and profit increase

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02 Mar 2010 19:10:50

Manchester United release figures showing revenue and profit increase

Manchester United's owners have strengthened their financial position despite the protests against them after releasing figures showing increases in revenue and profits. With a group of financiers called the Red Knights confirming their interest in a possible takeover, the Glazer family can point to a rising turnover and profits at the club. Ian Ladyman's exclusive: Rip up your tickets! Boycott only way to down Glazers, says Harris Hot property: Man United are one of the world's biggest clubs The figures for the six months up to December show turnover up 19%to £144.7million from £121.7million for the equivalent period in 2008. The club's debt dropped from £538.1million to £507.5million and there were increases recorded in matchday revenues, TV money - particularly from the Champions League - and commercial revenue. Media revenues have increased 33% from £40.3million to £53.4million and commercial revenues up 16% from £33.5million to £38.7million. Protests: Fans have vented their anger at the Glazers The total debt of the Red Football Ltd, the Glazers' holding companyfor Manchester United, was registered at £716.5million at the start ofthe year. It has led to a renewed protest of the Glazer family's ownership of the club. In the latest development, Goldman Sachs economist Jim O'Neill - acting in a personal capacity - lawyer Mark Rawlinson and merchant banker Keith Harris have launched the Red Knight group and discussed a potential takeover. Glory: United have continued to deliver trophies in tougher times  Glazers out! Red Knights reveal plan for £1bn Manchester United takeoverManchester United are not for sale! Glazers stand firm amid takeover talkKeith Harris tempts Manchester United fans with golden shareMan United fans give Glazers cold shoulder with Old Trafford no-showPICTURE EXCLUSIVE: Fan boycotts United to join green and gold protestMANCHESTER UNITED FC


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