Manchester United is projecting it will generate more than $680 million this season after breaking its revenue record while winning a 20th English title.
United pointed to the enduring success of its commercial operation in helping to maintain the club as a force on and off the pitch, as it faces the challenge of David Moyes replacing Alex Ferguson after more than 26 years as manager.
Owned by the American-based Glazer family, United reported revenue rising by 13 percent to 363.2 million pounds ($578 million) in the year to June 30. The club expects it to soar to between 420 million pounds ($669 million) and 430 million pounds ($686 million) in 2013-14.
United reported a net profit of 17.2 million pounds ($27 million) from 4.5 million pounds ($7 million) the year before, while the cash balance rose by a third to 94.4 million pounds ($151 million), The gross debt has dropped by 11 percent to 389.2 million pounds ($622 million), although the cost of serving those liabilities rose to 71 million pounds ($113 million) in the year. Commercial income alone grew by 30 percent in the year to June 30 to 152.5 million pounds ($244 million) as 20 sponsorship deals were announced.