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Manchester United announce record revenue as Red Devils write-off £6.7m Bastian Schweinsteiger

Sport360 staff

19:25 12/09/2016

Here, Sport360 breaks down the key figures coming out of Old Trafford.

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– United posted a record total revenue of £515.3million, becoming the first British club to earn more than half a billion pounds in a single year.

– The club’s total revenue is predicted to rise to between £530m and £540m next year, despite missing out on Champions League qualification.
– Operating profit for 2015-16 was £68.6m, compared to £31.6m the previous year.
– United’s commercial revenue rose 36.3 per cent to £268.3m in a year that the agreement with Adidas came into play, helping retail revenues rise 207.9 per cent.

– Broadcasting revenue for the year increased by 30.4 per cent to £140.4m, primarily due to their participation in UEFA competitions.
– United’s net debt increased 2.2 per cent to £260.9m, with that £5.7m change pinned on the impact of exchange rate movements on their United States dollar denominated debt.
– Total operating expenses increased by 12.8 per cent to £436.6m and employee benefit expenses were £232.2m, an increase of 14.6 per cent primarily thanks to contract extensions and a rise in salaries due to Champions League participation.
– The exit of manager Louis van Gaal and his coaching staff cost the club £8.4m in compensation.
– United wrote off £6.7m as midfielder Bastian Schweinsteiger is “no longer considered to be a member of the first team playing squad”.

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