Friday, February 19, 2021

Manchester United Q2 revenue rises, affirms year forecast


tiamin rice

English Premier League soccer club Manchester United posted higher second-quarter revenue helped by a 38 per cent surge in broadcasting income and stuck to its financial targets for the year.

The club also said it had paid 19.6 million pounds ($25.10 million) as compensation to former manager Jose Mourinho and some members of his coaching staff, after the Portuguese coach was sacked in December.

READ ALSO: Fabregas leaves Chelsea to join Monaco

Revenue for the three months ended Dec. 31 came in at 208.6 million pounds, compared with 177.4 million pounds a year earlier, the club said on Thursday.

The 20-time English champions said they continue to expect revenue of 615-630 million pounds and adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of 175-190 million pounds for 2018-19.


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