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United's transfer kitty could get a boost after record financial results

 

By Carl Markham

Manchester United offered no indication of what funds will be available to manager Jose Mourinho in January as the club announced record financial results.

The latest set of accounts, published yesterday, which cover the quarter ending September 30, showed the club brought in total revenue of £141million.

That represented a 17 per cent increase on the £120.2million figure recorded for the same period last year.

United spent around £145million on player signings ahead of the new campaign, bringing in striker Romelu Lukaku from Everton, midfielder Nemanja Matic from Chelsea and defender Victor Lindelof from Benfica as Mourinho prepared the squad for a return to the Champions League after winning the Europa League last season.

United executive vice-chairman Ed Woodward, in a conference call with investors, said the club's black change strip "represents the fastest-selling away kit United has ever released".

United's figures showed player wages have risen as a result of their Champions League return.

Commercial revenue for the quarter was £80.5million, an increase of £6.2million. There was also a 30 per cent increase in broadcasting revenue.

Total operating expenses for the quarter were £143.1million, up by £20.9million year on year.

Net income for the period was listed at £7.9million.

Net debt was listed as £268.1million at September 30, 2017, a decrease of £69.6million over the year.

Belfast Telegraph

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