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% Champions League 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 YoY competition this season. 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.