Man Utd set for commercial milestone 15/02/2011 |
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Manchester United looks certain to be the first Premier League club to break the £100m barrier for commercial revenue alone.
The most recent three-monthly accounts showed revenues rising to £24m over the first quarter of the accounting year, and it is thought the second, up to December 31, will be equally strong.
United's new 'territory specific' approach to commercial opportunities, agreed with the Glazer family and implemented by commercial director Richard Arnold, has allowed the club to rapidly expand that area of revenue.
The last annual figures showed a 16 per cent growth in commercial income to £81m and chief executive David Gill said: "One of the strengths of this club compared to others is that we get income from all revenue streams.
"Our match day revenue is around 40 per cent of our overall turnover. We are part of a great competition in the Premier League that continues to grow and the commercial sector has gone up from 20 per cent to 30 per cent.
"That will stand us in very good stead. They are all high margins and will continue to give us the money Sir Alex Ferguson needs to keep the club at the top. There is a strong desire within our great supporter base for that to happen."
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