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Manchester United Announce Record £581M Revenue

Premier League giants have officially announced that they have garnered a new club record of £581 million in revenue in 2016-17.

Man Utd vice-chairman Ed Woodward declared that the last season was huge success in both sporting and financial terms – having won the and EFL Cup as well as finishing sixth in the Premier League.

Man United posted profits and managed to reduce their debt.

Ed Woodward

We concluded a successful 2016/17 season with a total of three trophies and a return to Champions League football,” Woodward told investors as the club released its financial accounts.

“The year saw us set record revenues of over £581m and achieve a record EBITDA [Earnings before interest, tax, depreciation and amortization] of £199.8m.”

“We are pleased with the investment in our squad and look forward to an exciting season.”

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