Manchester United will report to the New York Stock Exchange this week with the news they are once again the richest club in world football after a record £515.3 million turn over last season.
It’s 12 years since United topped the rankings, but the club were tipped to do so in January by analysts Deloitte, with the club overtaking Barcelona and Real Madrid’s earnings.
When filing to the US Securities and Exchange Commission on Friday, the club will calculate their turnover using the annual average exchange rate – €1.3426 to the pound – which means revenue last season was equivalent to €691 million, as reported by The Times.
The figure is larger both La Liga team’s turnover with Barcelona’s coming in at €679 million and Real Madrid’s €620 million.
According to Proactive Investors, a global source financial news and analysis: “With revenues like this Manchester United could buy a Pogba every year”.
Though, with Brexit signalling the fall in the pound’s value, United’s turnover would be €611.3 million at the present exchange rate. The club also returned a net profit of £36.4 million.
Revenue for this year is predicted to be £530-540 million, due to the money brought in through the big-money Premier League television deal, despite the club not qualifying for the Champions league after their fifth-place finish under Louis van Gaal last season.
United also had the biggest wage bill, taking the title from Chelsea who spent £215 million on wages the previous season, with their wage bill up nearly 15 per cent to £232.2 million.
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