Sports
Man United earn more than £500m in a year
Manchester United became the first British football club to earn more than half a billion pounds in a single year after announcing Monday total revenue of £515.3 million ($683.5 million, 608.9 million euros) for the year ending June 30, 2016.
The Premier League giants also declared a record operating profit of £68.9 million.
Their figures also saw United return to the black, following a net annual loss of £900,000, with a net profit of £36.4 million.
However, United’s annual revenue figure was still shy of the 679 million euros (£570 million, $762 million) declared by Barcelona in July.
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United’s continuing financial success, despite not winning the Premier League last season and failing to qualify for Europe’s lucrative Champions League, allowed new manager Jose Mourinho to splash out a world record £89 million on signing midfielder Paul Pogba from Italian side during the recent transfer window.
Although United won the FA Cup, a fifth-place finish in the 2015/16 Premier League season saw Dutch manager Louis van Gaal sacked and replaced by former Real Madrid and Chelsea boss Mourinho.
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