12 Sep 2014

Manchester Utd enjoy record revenues

12:50 pm on 12 September 2014

English football giants Manchester United are set to announce record revenues of around $NZ820 million for last season.

The annual results are also expected to include around $NZ50 million in profit, aided by worldwide sales of two million replica shirts.

The results should also include details if the pay-off to former manager David Moyes, sacked less than one season after succeeding long-serving and multiple trophy-winning boss Sir Alex Ferguson at Old Trafford.

However, this set of accounts is not expected to include the scale of losses incurred as a result by the club's failure to qualify for lucrative European tournaments as a result of finishing an unusually lowly seventh in the English Premier League last season.

Forecasts for the headline figures have already been published in a prospectus published in August for a new release of shares on the New York Stock Exchange, with the US-based Glazer family the majority stakeholders in the English football institution.

About five million Manchester United-branded licensed products were sold last year.