Income rockets at Manchester United after return to Champions League

Manchester United's financial power has been underlined by the club's first-quarterly figures which shows income has rocketed by 39.3 per cent to £123.6million.United's return to Champions League competition has seen a big leap in matchday and broadcast revenue, while the first income from the huge Adidas kit deal - worth £75million annually - has also kicked in.The figure for EBITDA - which reflects the underlying profitability of the company - was up more than 100 per cent to £41.6million.Ed Woodward, United's executive vice-chairman said: "Our record first quarter revenues and EBITDA demonstrate the continued strength of our businesses. We are delighted with the early progress made in licensing."

Source: PA