English soccer club Manchester United posted a 39 percent rise in first-quarter revenue due to its participation in the lucrative Champions League tournament this season and sponsorship deals signed during the quarter.
United, currently fourth in the English Premier League, failed to qualify for last season’s Champions League, Europe’s top club competition, after finishing seventh in the EPL in 2013/14.
The club, owned by the American Glazer family, said total revenue rose to 123.6 million pounds ($187.60 million) in the three months to September 30, from 88.7 million pounds a year earlier.
The company’s adjusted core earnings almost doubled to 41.6 million pounds.
United, currently fourth in the English Premier League, failed to qualify for last season’s Champions League, Europe’s top club competition, after finishing seventh in the EPL in 2013/14.
The club, owned by the American Glazer family, said total revenue rose to 123.6 million pounds ($187.60 million) in the three months to September 30, from 88.7 million pounds a year earlier.
The company’s adjusted core earnings almost doubled to 41.6 million pounds.
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