Manchester United: Manchester United lift full-year revenue and profit forecast - News Summed Up

Manchester United: Manchester United lift full-year revenue and profit forecast


(Reuters) - English Premier League soccer club Manchester United raised its full-year revenue and profit forecast for 2016-17 as it prepares for the Europa League final next week. United, whose best known players include Paul Pogba and Wayne Rooney, said it expected to report full-year revenue between 560-570 million pounds, better than its previous forecast of between 530-540 million pounds. The club also increased its forecast for earnings before interest, tax, depreciation and amoritisation (EBITDA) to 185-195 million pounds for 2016-17. United are currently only in sixth spot in the 20-team Premier League but have reached the final of the Europa League. However, EBITDA for the three months fell to 30 million pounds from a record 44.9 million pounds a year earlier.


Source: Economic Times May 16, 2017 11:37 UTC



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