Man. United Income Falls By 3.3%

Manchester United's total income fell by 3.3 per cent to £320.3m for the year ending 30 June 2012, the club's annual results have revealed.

But the latest figures from Old Trafford, the first since the club floated on the New York stock exchange last month, also show profits have risen 79.2 per cent to £23.3m.

The fall in revenue had been expected after Sir Alex Ferguson's side failed to progress past the group stage of last season's Champions League.

For the first time, United's revenue from commercial income exceeded that from broadcast and matchday income.

Commercial revenues were boosted by 13.7 per cent after the club agreed a £40m deal for logistics firm DHL to sponsor their training kit.

Ed Woodward, United's executive vice chairman, said: "We are delighted to announce our first results as a NYSE listed company - fiscal 2012 was the best year ever for Manchester United's commercial business.

"In addition, we continued to strengthen our team by signing world-class players such as Robin van Persie and Shinji Kagawa over the summer."