Beating its previous guidance, Manchester United reported a 12.8 percent increase in revenues to £581.2 million (€664.2m-$780.1m) for the financial year ended June 30, placing it ahead of Real Madrid as the world's N° 1 football club in terms of turnover. Ebitda grew by more than 17 percent to £199.8 million (€228.3m-$268.1m) and pre-tax earnings went up by 7.7 percent to £39.2 million (€44.8m-$52.6m). The club's revenues were boosted by a major domestic broadcasting contract and its victories in Uefa's Europa League and in the national League Cup. Commercial revenues rose by 3 percent to £275.5 million (€314.9m-$369.7m). Retail, merchandising, apparel and product licensing generated a 7 percent increase in revenues to £104.0 million (€118.9m-$139.6m). Sponsorship revenues increased by one percent to £162.3 million (€185.5m-$217.8m). The total turnover is now expected to remain stable for the current financial year, but Ebitda may go down to between £175 million (€200.1m-$234.8m) and £185 million (€211.5m-$248.2m).

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