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| Manchester United reports record revenues | Manchester United reports record revenues |
| (35 minutes later) | |
| Premier League champions Manchester United have reported record revenues of £363m for the 12 months to June. | Premier League champions Manchester United have reported record revenues of £363m for the 12 months to June. |
| The club, controlled by the Glazer family, saw a big rise in commercial revenues driven by sponsorship deals, as well as merchandising and product licensing. | |
| It made a net profit of £146m. | It made a net profit of £146m. |
| The figures are the first released by United since David Moyes took over as manager following the retirement of Sir Alex Ferguson last season. | |
| The club transformed into one of football's global financial powerhouses during his reign, and was floated on the New York Stock Exchange last year. | |
| Ed Woodward, Manchester United's executive vice chairman, said: "We are very proud of our results. Our commercial business continues to be a very powerful engine of growth enabling the team to continue to be successful. | |
| Player costs | |
| "We won our 20th English League title last season and are delighted to have David Moyes lead our football team into a new and exciting chapter. We look forward to a successful 2013-14, both on and off the pitch." | |
| Over the last financial year, United signed a number of sponsorship deals that boosted commercial revenues by 30%. | |
| They included a deal with US carmaker Chevrolet, which will become the club's shirt sponsor next season. | |
| Commercial revenues now account for £153m - 42% of the clubs total income. | |
| The rest comes from television rights, worth £102m, and match-day revenues which totalled £109m. | |
| About half of all the money brought in was spent on staffing costs, however. This included paying for new players and increased wages and bonuses for current players. | |
| The club also hired more people to help with its commercial expansion. |