Manchester United have announced they
set a new club record of £581 million in
revenue in 2016-17.
After winning the Europa League and EFL
Cup as well as finishing sixth in the Premier
League, executive vice-chairman Ed
Woodward declared the season a success
in sporting and financial terms.
United posted profits and managed to
reduce their debt.
We concluded a successful 2016/17 season
with a total of three trophies and a return
to Champions League football," Woodward
told investors as the club released its
financial accounts.
"The year saw us set record revenues of
over £581m and achieve a record EBITDA
[Earnings before interest, tax, depreciation
and amortization] of £199.8m.
"We are pleased with the investment in our
squad and look forward to an exciting
season." m.goal.com/x/en-ng/news/4055/main/2017/09/21/38824392/man-utd-post-record-581m-revenue

GGMU!