Manchester United Forecast Record Revenues

[Folami David]

New sponsorship and broadcast deals are expected to drive record revenues for English soccer champions Manchester United in 2013-14 and help them catch up with European rivals Real Madrid and Barcelona.
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United, controlled by the American Glazer family, forecast on Wednesday that revenues would rise by up to 18.5 percent to between £420 and 430 million in the year to next June, compared with the previous 12 months.
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That was based on the team under new manager David Moyes finishing at least third in the English Premier League and reaching the quarterfinals of Europe's Champions League and domestic cups. United have made the top three every year since the Premier League was launched in 1992.
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United are already Britain's richest soccer club and will benefit from enhanced Premier League TV rights deals that began last month and new club sponsorship deals including a particularly lucrative one with General Motors.
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"Our commercial business continues to be a very powerful engine of growth enabling the team to continue to be successful," Ed Woodward, the new executive vice chairman, said in a statement reporting the results of the stock-market listed club.
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Revenues in the year to June 2013 came in at £363 million, just ahead of the club's forecast and an increase of 13 percent from the previous year, it said.
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Profit was £108.6 million, excluding items such as interest and tax payments, up by almost 19 percent.
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Madrid are the only soccer club to have so far broken the €500 million revenue barrier but their Spanish rivals Barcelona expect to do so this season.
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Madrid bought attacking player Gareth Bale from English club Tottenham Hotspur in August for a world record €100 million, while Barcelona has paid €57 million to recruit striker Neymar from Brazilian club Santos.

[Shola Sholaz]

Let us just ensure we win the premier league again so we can shut haterz up. They feel without Ferguson united is useless.