I just read a report from Ryan McQueeney of ZACKS that Manchester United is set to become the highest-grossing football (soccer) club ever.
Photo above: Old Trafford (The Theater of Dreams)
Man United is the only European football (sports) club quoted on the New York Stock Exchange (NYSE: MANU). The publicly-traded soccer giant is about to take home another title, despite the fact that the Premier League season doesn’t conclude for months.
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Nov 12, 2015, 4:07 p.m.
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McQueeney’s report indicates that the club announced that it expects revenue for the year to be between £500 and £510 million ($760-$775 million), which will make it the highest-grossing soccer club ever. No other team has generated more than $760 million in a year so far.
Manchester United said its revenue was boosted by a jump in jersey sales. With the club bringing in stars like Bastian Schweinsteiger, Memphis Depay, Juan Mata, and Ángel Di María (who has since exited Old Trafford) over the past few seasons, it’s no wonder that fans have been eager to wear new names on the back of their jerseys.
Everybody knows that the Red Devils are back in the UEFA Champions League (after David Moyes’ season debacle), which brings together the top teams throughout Europe for a massive revenue generating competition.
We also sit in fourth-place, just two points behind our noisy neighbors (Manchester City) )the league leaders, meaning that we’re are in a good position to stay in the Champions League and probably snatch the Premier League title from the stumbling Blues (Chelsea FC).
McQueeney also reported that Man U also signed a 10-year contract with Adidas ADDYY in 2014, which will pay over $1 billion over the course of the deal.
While continued success on the field will continue to help bring in revenue, Manchester United have one of the biggest followings in sports, meaning that MANU could continue to grow regardless of on the pitch performance.
Up Man U!