Manchester Utd become first British club to earn over £500m revenue

Published On: September 12, 2016 06:33 PM NPT By: Agence France-Presse

LONDON, Sept 12: 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.

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 Juventus during the recent transfer window.

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