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Man Utd become the first club to smash through £600m income barrier in PL

  /  autty

Another season of Champions League football, under the terms of an improved broadcasting rights agreement, helped Manchester United become the first club to smash through the £600million income barrier in the Premier League.

Revenues were ahead by 6% to £627.1million for the year ended 30 June, thanks almost entirely to broadcasting income soaring by 18% to £241.2million.

Meanwhile, the Reds saw operating profit rise by 14% to £50million - although this faster-than-revenue rise was down to the club factoring player sales into the figure, as opposed to a leaner cost base.

Profit on player sales was up more than two-fifths to £25.8million - stemming largely from the transfers of Daley Blind to Ajax during the summer and Marouane Fellaini to Shandong Luneng Taishan in January.

With the club continuing to dip into the transfer market, total costs predictably climbed, largely on the back of a higher wage bill, alongside the £19.6million paid out to Jose Mourinho and his staff following his dismissal in December.

The club's wage bill soared by 12%, on the back of a full year of Alexis' Sanchez' wages alongside the signings of Fred and Diogo Dalot, to £332.3million: and new contracts for players including Anthony Martial, Ashley Young and Luke Shaw.

Incorporating £22.5million of finance costs, the club reported a £27.5million pre-tax profit - a small rise on the £25.9million from 2017/18.

For Manchester United, commercial revenues continued to be the largest money spinner, but dipped slightly year-on-year to £275.1million - even as the club announced 10 new or renewed global sponsorship deals during the season.

This was down entirely to a shorter summer tour, the club maintained.

Related: Manchester United