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Commercial revenues increase for Man Utd

Manchester United has seen a strong increase in commercial revenues, according to new financial figures, reports BBC Sport. Commercial revenue rose to £75.3m in the first nine months of the year, up 30% on the same period a year ago.

But matchday and media income fell £5m, which the club blamed on fewer home games in the period and pegged entry prices for the Crawley Town FA Cup tie.

The Old Trafford club also said it had bought back £5.5m in bonds, taking the overall amount purchased to £29.5m.

Turnover in the quarter was up slightly to £75.2m from £74.6m a year earlier, while turnover in the nine months to March was £231.7m, up from £219.3m.

The club said its balance sheet was strong, with £113m in cash and £765.1m of other assets.

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