Shirt sales drive United revenue to record high

Manchester United will today announce record revenues of around £420 million (€523m) for last season with a £25m (€31.1m) profit helped by sales of two million replica shirts worldwide.

Shirt sales drive United revenue to record high

The annual results should also include details of pay-offs to former manager David Moyes and his coaching team, but the figures will not reflect any financial losses incurred from failing to qualify for Europe.

The key results have already been flagged up in a prospectus released in August for a new release of shares on the New York Stock Exchange.

The prospectus states that total revenue is expected to be approximately £429m (€534.2m) to £434m (€540.9m), an increase of 18% to 19%. By comparison, Real Madrid’s turnover was £480m (€597.7m) but that includes player sales.

Profit for the year is expected to be £23m (€28.6m) to £25m (€31.1m) — significantly down from the £146.4m (€182.3m) for 2012-13 but that was mainly due to a one-off tax credit.

Commercial revenue is expected to be up 25% to around £190m (€236.6m) due to pre-season tours and higher sponsorship renewals.

Operating costs are due to be up 20% to £373m (€464.5m) mainly due to expenditure on transfer fees and higher player wages.

The prospectus states: “The Manchester United jersey and training wear are completely redesigned for each season. The annual launch of the new jersey is always a much-anticipated day for our global community of followers.

“The result is a robust wholesale apparel business that sold approximately five million items of Manchester United branded licensed products, including approximately two million replica jerseys, around the world in the last year.”

The debt should be confirmed as £350m (€435.8m), with the cost of paying off the debt a similar level to the profits.

The prospectus said: “We currently estimate that our net finance costs will be approximately £26.5m (€33m) to £28.5m (€35.5m).”

Manchester United executive vice-chairman Ed Woodward will take part in a conference call with investors after the results are released today.

Meanwhile, United are set to have plenty of fresh options for Sunday’s Premier League clash with QPR but it remains to be seen whether Phil Jones will be able to feature.

Defender Jones was meeting with United’s medical staff yesterday as the club looked to determine the extent of the injury he sustained on duty with England.

However, it is understood Jones’s fellow England defender Luke Shaw is now fit and ready for selection ahead of the contest at Old Trafford this weekend.

Midfielder Ander Herrera, also recruited over the summer, is hopeful of making his return against QPR.

The Spanish midfielder has been restricted to just one competitive United run-out to date because of an ankle complaint, but wrote on Twitter on Monday: “Training hard and looking forward to this next game at Old Trafford!”

And there was further positive United fitness news yesterday, with defender Rafael writing on his Instagram account: “Back in training ready to help. Let’s go.”

Additionally, there could be United bows on Sunday for another defender in Marcos Rojo, with the necessary paperwork for him to do so now signed off, plus the versatile Dutchman Daley Blind and striker Radamel Falcao, the two transfer deadline-day recruits.

There could also be a home debut for Angel di Maria, the winger the club broke the British transfer record for last month.

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