• Loading stock data...
Friday, March 29, 2024
2024 Best Venues nominations are open now through April 8! Submit Now

Manchester United Reports $246.9M In Q2 Revenue

Manchester-United-FC
Manchester United FC/Design: Alex Brooks

Manchester United reported $246.9 million in second-quarter revenue, surpassing analysts’ estimates by 6.7% and jumping 2.9% from the same period last year.

While overall revenue increased from last year’s $228.32 million, some divisions did better than others. Broadcasting revenue fell 20.5% to $115.1 million due to fewer games, while matchday revenue jumped 2,206.7% to $46.1 million thanks to full-capacity crowds at Old Trafford — there was no in-person attendance the year prior.

Commercial revenue grew 2.9%, though its subdivisions were split.

  • Sponsorship fell 6.9% year-over-year to $46.9 million, primarily attributed to the end of the club’s training kit deal in May 2021.
  • Retail, merchandising, apparel, and product licensing grew 17.7% to $38.9 million. The club credits the increase to higher Megastore and e-commerce revenues, supported by new player signings.

Man U’s net debt as of Dec. 31, 2021 is $658.7 million, but the club seems to be optimistic ahead of hosting the UEFA Women’s Euro 2022 in July.

Changes At Old Trafford

The team appointed Richard Arnold as its new CEO effective Feb. 1 and Ralf Rangnick as interim manager until the end of the season. The team gave Ole Gunnar Solskjaer and his coaching staff around $13.3 million after his firing in November.

Manchester United also launched a fans’ advisory board and signed a new training kit partnership with blockchain company Tezos. Man U signed a global deal with Extreme Networks while also renewing agreements with Concho y Toro, ICICI, Marriott, Maui Jim, and Remington.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

The NFLPA Report Card Is Doing Exactly What It Was Intended For

Robert Kraft hasn’t gone to school in nearly 60 years, but on Tuesday the Patriots’ owner found himself talking about his report card. 

How Lack of Planning by NCAA, Gonzaga Led to Racial Abuse of Utah Athletes

The NCAA gave Gonzaga a waiver to place teams in an extremist hotbed.

NCAA President Calls for Nationwide Ban on College Prop Bets

The NCAA president is reacting to the recent betting turmoil in sports.

It Remains Unclear Which Authorities Shohei Ohtani Has Reported Theft of Millions to, If Any

A federal investigation is ongoing, but it’s not clear what it covers.
podcast thumbnail mobile
Front Office Sports Today

Why the Timberwolves Sale was Called Off

0:00
0:00

Featured Today

March 22, 2024, Brooklyn, NY, USA; Northwestern Wildcats guard Brooks Barnhizer (13) and Northwestern Wildcats guard Boo Buie (0) react in overtime against the Florida Atlantic Owls in the first round of the 2024 NCAA Tournament at the Barclays Center.
March 27, 2024

‘An Expensive Game’: March Madness and NIL Collectives Are Intertwined

At schools nationwide, collectives are fueling NCAA tournament runs and vice versa.
Iowa’s Caitlin Clark (22) waits to be announced in the starting lineup against West Virginia in a NCAA Tournament round of 32 game Monday, March 25, 2024 at Carver-Hawkeye Arena in Iowa City, Iowa.
March 26, 2024

The Women’s Trading Card Market Is Overlooked. Can Caitlin Clark Change That?

Traditionally, women’s sports cards have been a marginal part of collectibles.
The Sports Illustrated cover signed by Derek Jeter and Alex Rodriguez, February 27, 2019, at Don & Charlie's, 7501 E. Camelback Road, Scottsdale. Don Charlie S
March 24, 2024

Everything You Need to Know About the Ongoing ‘Sports Illustrated’ Saga

Understanding the strange state of affairs for the nearly 70-year-old publication.

Careers

Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Live Nation
Multiple - USA Careers
Adidas
Multiple - USA Careers
Spotify
Multiple - USA Careers

Orioles’ Rubenstein Era at Last Begins, and With Ripken Back in the Fold 

The billionaire private equity executive receives unanimous approval of his purchase of the MLB club.
March 25, 2024

NFL Succession Highlights Team Transfers From Aging Parents

The NFL is set to approve succession plans for the Texans and 49ers.
March 26, 2024

49ers Player Politely Declines to Return $75,000 Team Accidentally Paid

An accounting error has impacted the 49ers in two future NFL drafts.
Sponsored

How Daily Fantasy Sports Solved NBA Fantasy

The remarkable growth of the #1 Discord sports server in the world.
March 24, 2024

Peter Angelos Leaves ‘Indelible Mark’ on Baseball, Baltimore

The longtime Orioles owner boasts an extensive legacy impacting the team and city.
March 22, 2024

D.C. Attorney General: Caps and Wizards Can’t Leave Until 2047

Bond debt in a 2007 contract is the main reason the move can’t happen.
March 21, 2024

Phillies Join in $2.5 Billion Redevelopment Plan for Philadelphia Sports Complex

The club is now involved in the remaking of the stadium area.
March 20, 2024

Disgraced Ex-Spanish Soccer Chief Raided by Cops in Corruption Probe

Police are investigating the Super Cup’s move to Saudi Arabia.