( CNN ) -- While Real Madrid signed Gareth Bale in the summer 's highest-profile football transfer and added several other big names , Manchester United fans were left largely underwhelmed by the Premier League champion 's moves in the off-season . They might be even more disappointed after learning how much United made in its last fiscal year -- and therefore had to spend . The record 20-time league winner in England -- self described as `` one of the most popular and successful sports teams in the world '' -- announced record revenues of $ 580 million for the year ended June 30 , 2013 and said commercial revenues soared to a record $ 244 million . It left executive vice-chairman Ed Woodward , who replaced David Gill in the United hierarchy , to declare on United 's website : `` It has been a little over a year since our IPO ( initial public offering ) and in that time we have delivered on our targets and objectives . `` Our commercial business continues to be a very powerful engine of growth enabling the team to continue to be successful . '' But United , in its first season without legendary manager Alex Ferguson , was largely quiet under new boss David Moyes and Woodward as it defends its Premier League title , signing just Marouane Fellaini and relatively unknown Uruguayan Guillermo Varela . United was linked with Cristiano Ronaldo , Cesc Fabregas , Ander Herrera and Leighton Baines -- who all stayed put with their current clubs . `` It 's been pretty disappointing , '' said Andy Green , a United supporter who tweets about football finances . `` I do n't think it 's Moyes ' fault . He gives his targets to the club . I do n't think he should be held accountable at all . '' Meanwhile , city rival Manchester City bought four key players prior to August , Chelsea swooped for the likes of Samuel Eto ' o and Willian and Arsenal smashed its transfer record by purchasing Mesut Ozil from Real Madrid for more than $ 65 million . Tottenham splashed out on more than half-a-dozen stars , attempting to make up for the loss of Bale . `` United 's commercial acumen is n't of value because it does n't lead to a bigger stadium , lower ticket prices or better players , '' said Green . `` You have all these commercial deals but it 's no benefit to the football club . '' United has made a lukewarm start to the league season , winning two of its four games , although it began its Champions League campaign with a win Tuesday against Bayer Leverkusen . United is `` delighted to have David Moyes lead our football team into a new and exciting chapter , '' Woodward said . `` We look forward to a successful 2013/14 , both on and off the pitch . ''
Manchester United announces a club record annual revenue of $ 580 million . The English Premier League champion also says sponsorship revenue increased 44 percent . But most United fans are disappointed the team did n't buy more players in the summer . United was linked with Cristiano Ronaldo , Cesc Fabregas and Ander Herrera .