Manchester United has reported record revenues of £627m ($772m) in its 2019 fiscal year, with operating profits increasing 13.9% to £50m. Television rights revenue grew by 18.1% YoY to £240m. The club also announced a new sponsorship deal for the first time since 2012, which will see it become the official kit sponsor of English Premier League side West Ham United. The club has forecast revenues of between £560m and £580m for the 2020 fiscal year.
Manchester United has reported record revenues of £627m ($772m) in its 2019 fiscal year, with operating profits increasing 13.9% to £50m. Television rights revenue grew by 18.1% YoY to £240m. However, the club warned that its revenues will decline by up to £67m next year because of the club’s failure to qualify for the Champions League competition this season. The club has forecast revenues of between £560m and £580m for the 2020 fiscal year.