Manchester United could thank the incredible popularity of football on TV for the rise in the second-quarter revenues. The club posted an 11% increase due to better commercial and broadcasting revenue. Manchester United have been going through a tough period since the start of the season.
The appointment of David Moyes to replace Sir Alex Ferguson has not worked exactly to plan. The club find themselves seventh in the table with only 13 matches remaining. Since they trail fourth placed Liverpool by nine points already, they cannot afford any more slipups.
Moyes’ team have already been defeated eight times in the league, while the recent dropped points came in the form of a 2-2 draw against bottom club Fulham at Old Trafford. Executive Vice Chairman, Ed Woodward said that the results from the second-quarter have been encouraging. He said that there are several opportunities still left for the club to grow in this area. United have been signing numerous sponsorship deals with companies from around the globe.
According to the liverpool fc football website, their recent sponsorship deals have been with Fuji TV and Banif Bank.
United are in danger of a record drop in revenues if they failed to qualify for the Champions League group stages next year. This brings in a revenue of around £ 30 million in addition to further money depending upon progression to the latter stages.
“We continue to see meaningful opportunities to grow our commercial business and the popularity of football on TV is leading to continued broadcasting revenue growth,” said Ed Woodward. United have been featured on the league matches more often than not since they are the champions. This will also drop significantly next year if they finished outside the top four. United face a difficult away trip to Arsenal on Wednesday night. Failure to win this match will end any hopes of a top four finish.