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Revenues up at United

Manchester United reported record second quarter revenues of £208.9m in the quarter to 31st December, a rise of more than 17 per cent from the same period last year. The main reason behind the increase is the start of a broadcasting deal signed by Uefa for clubs in the Champions League.

Profits in the second quarter were £37.6m broadly level with the same period last year. This amounts to operating profits of not far short of £500,000 a day. Commercial revenues, an area of great strength for the club, rose close to 1 per cent to £65.9m, while matchday revenues increased nearly 6 per cent to £39m.

It looks as if Manchester United will be first EPL club to break the £300 million a year wage bill as wages for first six months hit £154 million. Liverpool were £264m in 2018 and Manchester City £263m.

Getting rid of José Mourinho and his coaching staff cost £16.9m. Mourinho payoffs from Chelsea and Manchester United for being sacked three times add up to £51 million (the amount from Real Madrid is unknown). Some will have gone to his entourage but only a small element compared to his share.

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