Manchester United are set to announce massive turnover results to the tune of £245 million.

The Red Devils have cashed in on an outstanding season, during which they ended a four-year drought by lifting the Premier League title, only lost out to AC Milan in the Champions League semi-finals and were beaten by Chelsea in the FA Cup final.

Slightly irritated by Arsenal's bullish claim to be the richest club in England when they reported turnover of £201million in September, United have also factored in revenue from the long-term contract with shirt manufacturers Nike, which has never previously been included.

It leaves United as unquestioned number one in England, slightly behind only Real Madrid in the global arena.

Confirmation of the £245million figure for overall business will come from Old Trafford overnight on Thursday, with the club itself reporting turnover in excess of £200million for its core football activities.