Manchester United may be doing exceptionally well on the pitch in all of their competitions this season but they are enjoying much success off of it as well. The club has forecast record revenue of 350 million pounds to 360 million as it released financial results for the past three months.
United's revenue rose nine percent in a year that the club did not even win a trophy. United exited the Champions League most surprisingly at the group stage last season and lost the Premier League title in dramatic fashion on the very last day of the season. This season has been a completely different story however, with the team running away with the league title and doing fairly well in the Champions League grabbing a 1-1 draw against Real Madrid in the first leg of the second round.
All of this has aided United in raising its revenue but their stock flotation on the New York Stock Exchange has also proved successful. After a very slow start in August when the stock was first introduced, the shares have been selling well and were reported to be at $ 18.60 on Thursday. United's success financially is also the product of shrewd sponsorship deals that has seen healthy revenue come in for the club.
United has been raising cash due to global sponsorships agreements. The club has secured six deals in Japan, China, Indonesia and Turkey. The club has also announced on Thursday that they have signed a new eight year deal with a company that has yet to be revealed.Tags: Champions League, Manchester, Manchester United, New York Stock Exchange, Premier League, Revenue, Soccer