Man United posts record revenues
United said Thursday it is on course to generate more than 350 million pounds ($545 million) in revenue this season after earning a record 91.7 million pounds ($143 million) in the three months to March 31.
But the title triumph has come at a price, with the player payroll rising 25 percent year-to year at 44.9 million pounds ($70 million) in the third quarter.
The club, which is owned by the American Glazer family, has reduced its debt to 367.6 million pounds ($572 million) - a drop of 16 percent in nine months - in part by using the proceeds of an initial public offering on the New York Stock Exchange in August. United shares, which made a lackluster market debut at $14, closed at $18.41 on Wednesday.
Net profit more than tripled year-to-year to 3.6 million pounds ($5.6 million) in the third quarter.
''I wouldn't expect there to be a need for a major retooling of the squad, we have fantastic depth,'' vice chairman Ed Woodward said on a conference call with investors. ''We are very comfortable with the makeup of the team and the squad. ... We could put two first teams out with 11 internationals.''