Manchester United record revenue growth with profit ranging up to £140-150m

The return to Champions League football played a major role in their earnings

On a day when supporters once again rebelled against the ownership, Manchester United released more positive financial numbers.

Fans who were upset about the ongoing takeover crisis demonstrated in front of the Megastore after the team unveiled its new uniform for the upcoming season, causing it to close.

For the entire year, Manchester United had earned (EBITDA) a record £140-150 million and netted a record £630-640 million.

The Carabao Cup victory as well as Erik ten Hag's long runs in the FA Cup and Europa League have been well documented. Manchester United set new matchday audience and financial records during the campaign.

This matchday boom was made possible by record ticket sales of 2.4 million, which broke the previous mark from 2016-17.

Additionally, the executive club and season ticket renewals had the lowest turnover ever, selling out in record time. The statistics also showed that 146,000 people are now on the club's waiting list for season tickets.

With 360,000 members, Manchester United set a new milestone for their global membership, making it the largest paid-for membership in the entire globe for the 2022-2023 season.

Manchester United reports £73.7 million in financial assets, a reduction from £95.8 million at the same time last year. 3rd quarter outcomes Several things: Due to revenues, cash and equivalents increased to £73.7m from £31m.

Club had promised to completely wipe out all debt, but now they estimate that £40 million will remain on the credit line on June 30. Still translates to $260 million in credit. There is money for recruits.

As reported by insiders familiar with the club, summer hiring will not be impacted by the results because there is enough money on hand for United manager Erik Ten Hag to make squad investments.

It is generally agreed upon that the obligation to adhere to financial sustainability guidelines is the limiting issue.

The club's participation in the Europa League instead of the Champions League resulted in a modest decline in broadcasting revenue compared to the previous period, however, this decline was somewhat offset by the club's success in domestic cup tournaments.