Manchester United's turnover reaches the record of £ 590m

The revenue earned by Manchester United broke a record as the football club earned more money from television rights.

The club recorded a turnover of 590 million pounds at the end of June, up 1.5% from the previous year.

Television revenue rose 5.2% to 204 million pounds after the club finished second in the first division last season, compared to the sixth before.

But the turnover fell in the last quarter due to the poor performance of United in a key European competition.

The turnover for the three months before June 30 fell 16% to £ 147.6m, as United failed to qualify for the quarterfinals of the lucrative UEFA Champions League.

The club listed in New York is back in the competition this year, United expects its revenue will be between 615 and 630 million pounds sterling this fiscal year.

Executive Vice President Ed Woodward said, "The increase in revenue guidance for the year demonstrates our strong long-term financial performance, which underpins everything we do and allows us to compete. with the best talent in a more and more competitive transfer market. "

"History requires"

The club is currently seventh in the Premier League, eight points from Liverpool and six points from Manchester City.

There have been media reports of discord between Woodward and manager Jose Mourinho regarding the club's player recruitment policy.

Mr. Woodward said, "Everyone at the club is working tirelessly to add to the Manchester United trophies and Jose's 25. That's what our passionate fans and our history demand.

"We are committed to our philosophy of combining the best graduates of the academic world with world-class players and we are proud that last season we had more university minutes than any other Premier League club. . "

Total revenue for the year was £ 276m, up 0.2%, while sponsorship revenue was £ 173m, up 1%.