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Income up, operating profit down, at United

A rise of almost a tenth in broadcasting revenues coupled with flat commercial income and marginally higher matchday receipts saw Manchester United’s revenues inch ahead by £4 million to £152.1 million in the first three months of this year. Income up mainly due to £35m extra TV money from enhanced Champions League deal. Excluding a £6.4 million profit on player transfers – mainly Marouane Fellaini to Shandong Luneng Taishan – United’s operating profit fell from £10.6million to £7.9million year-on-year: United finances

Manchester United paid dividends to the Glazers of £11.6 million during the last quarter and intend to do the same in June. United's balance sheet is strong. £194 million in cash and amounts owing to other clubs for transfers about £60m. Loans still high but no repayments due for a few years.

Manchester United's wage bill was up 13% as full impact of Sanchez and Fred kicks in plus new contracts for existing squad.

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