English soccer club Manchester United posted a 17 percent rise in first-quarter revenue, helped by strong growth in broadcasting income as the team returned to the UEFA Champions League this season after a one-year absence.
Broadcasting revenue for the quarter was £38.1 million (US$50.3 million), a 31 percent increase from the previous year.
United, which syars include Paul Pogba, Romelo Lukaku and Henrikh Mkhitaryan, is top of its group in the lucrative Champions League competition and second in the English Premier League, eight points behind cross-town rival Manchester City.
Controlled by the American Glazer family, United has won the English league a record 20 times and are seeking to regain the title it last won in 2013.
United won England's League Cup last season, as well as Europe's second-tier Europa League competition, their first silverware under manager Jose Mourinho.
The Europa League win secured its qualification for the Champions League after it missed out the previous season.
The club's adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for the three months to Sep. 30 rose 17 percent to £36.6 million pounds from £31.2 million pounds a year earlier.
Revenue for the period came in at £141 million, compared with £120.2 million a year ago.
Reuters/Bengaluru
Broadcasting revenue for the quarter was £38.1 million (US$50.3 million), a 31 percent increase from the previous year.
United, which syars include Paul Pogba, Romelo Lukaku and Henrikh Mkhitaryan, is top of its group in the lucrative Champions League competition and second in the English Premier League, eight points behind cross-town rival Manchester City.
Controlled by the American Glazer family, United has won the English league a record 20 times and are seeking to regain the title it last won in 2013.
United won England's League Cup last season, as well as Europe's second-tier Europa League competition, their first silverware under manager Jose Mourinho.
The Europa League win secured its qualification for the Champions League after it missed out the previous season.
The club's adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for the three months to Sep. 30 rose 17 percent to £36.6 million pounds from £31.2 million pounds a year earlier.
Revenue for the period came in at £141 million, compared with £120.2 million a year ago.
Reuters/Bengaluru
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