Manchester Utd expects revenue to grow this year

Manchester United said it expected revenue to grow in the current financial year after paying the price of a rare barren season on the field in 2011/12.

United, floated in New York last month, forecast its underlying earnings (ebitda) should rise to £107m- £110m (€133m-€137m) in 2012-13, while revenue was likely to be between £350m-£360m.

The figures were based on the assumption that United reached the quarter-finals of the European Champions League and domestic cup competitions.