Manchester United made record revenues of £363.2m in the club’s last financial year which saw its partial flotation in New York.
In the 12 months to June 30, profits rose 282% to £17.2m as United completed seven global sponsorship partnerships including a world record shirt deal with Chevrolet.
The club’s debt pile – racked up under the ownership of the Glazer family and a source of anger among fans – fell 11% over the period to £389.2m.
It believed that its improved financial performance would continue – as it forecast further revenue growth in its current financial year to between £420m and £430m – helped by new television and sponsorship deals.
But United said the target – the first under new club manager David Moyes following the retirement of Sir Alex Ferguson – was based on the team finishing third in the English Premier League and reaching the quarter-finals of the Champions League and domestic cups.
Its Parker baby