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Saturday, September 19, 2015, Aswin 4, 1422 BS, Zilhaj 4, 1436 Hijr


Man Utd revenues fall but £500m milestone in view
Published :Saturday, 19 September, 2015,  Time : 12:00 AM  View Count : 4

Manchester, Sept 18: Manchester United's revenues fell by 8.8 percent last season, but the club on Thursday predicted record revenues of £500 million ($776.4 million, 686 million euros) to £510 million for 2015-16.
United's failure to qualify for the lucrative Champions League saw revenues for the period 2014-15 fall by £38 million to £395.2 million, as revealed in their annual report, largely due to losses in gate receipts and broadcasting income.
But with a new £750 million kit deal with Adidas having recently taken effect, United expect to become the first English club to break through the £500 million barrier over the current campaign.
United's 10-year partnership with Adidas, which began on September 1, dwarves many of their rivals' kit deals and the beginning of a new £5.14 billion Premier League TV rights deal in 2016-17 will swell their coffers further. United failed to qualify for the Champions League in 2013-14, for the first time since 1995, after finishing seventh in the Premier League in the first season after the departure of legendary manager Alex Ferguson.
But new manager Louis van Gaal led them to a fourth-place finish last season and they qualified for this season's tournament after beating Belgian side Club Brugge in a two-legged play-off in August.    AFP







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