Manchester United Make Record Revenue

Manchester United have announced record annual revenue, rising by 13.4% to £363.2million for the year to June 30, 2013.

With new deals being announced on almost a weekly basis, it is no surprise that commercial revenues have risen a huge 29.7% to £152.5m for the year ended June 30, 2013.

It is the most significant rise in the 13.4% overall increase in turnover to a club record of £363.2m. The club's debt has fallen by 10.9% to £389.2million.

The adjusted profit for the period is £17.2m.

Wages have risen 11.6% to £180.5m, partly as a result of the club taking on more staff to work on its new digital operation, but also an increase in player salaries.

United have reported a rise in sponsorship revenue alone of 44.1% to £90.9m.

However, broadcast revenue dipped 2.3% to £101.6m as United gained only a 25% share of Champions League revenue paid to England's four competing clubs last season, due to a second-place finish behind Manchester City in the previous campaign.

An increase in matchday revenues of 10.5% to £109.1m was mainly due to Old Trafford being a host Olympic venue, while the club confirmed "exceptional items" costs of £6.2m were partly due to costs incurred with the flotation in New York, but also contracts of coaching staff - Mike Phelan, Rene Meulensteen and Eric Steele - being paid up following the summer departure of manager Sir Alex Ferguson.

It was also stated in the results that net finance increased £21.3m to £70.8m, primarily due to a £22m premium paid to buy back some of its bonds, which will save interest payments in future years.