Record crowds fuel revenue surge at Manchester United
Manchester United on Tuesday projected record annual revenue of up to £640 million (HK$6.4 billion) in its financial year to the end of June. Revenue guidance for the current financial year was raised to a figure of between £630 million and £640 million in the third-quarter financial results for the period ending March 31, 2023, which were released on Tuesday. The club posted record revenues of £627 million in 2018/19. The current figures are driven by record match attendance and matchday revenues. Ticket sales for the 2022/23 season surpassed the previous record set in 2016/17, with 2.4 million sold. Global memberships also hit 360,000, which United said was the largest paid membership programme in world sport. Revenue for the third quarter was up 11 percent on the same period last year. United's owners, the Glazer family, are weighing up offers for the club from Qatari banker Sheikh Jassim Bin Hamad Al Thani and British billionaire Jim Ratcliffe, the founder of chemicals firm Ineos. (AFP)