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Manchester United announce revenue increase

Man United announce revenue increase
© PA Photos
Manchester United reveal that their revenue has been boosted, while their debt was cut during the last six months of 2011.

Manchester United have revealed that their revenue increased during the last six months of 2011 to £175m.

That figure represents a rise of £18.5m for the same period last year.

The Red Devils also revealed that their debt was down to £439m at the end of 2011, less than the £508m reported 12 months previously.

Media revenue is up by just over £7m to £60.9m, while commercial revenue has risen to £58.6m from £50.4m.

The club did warn that similar figures may not be possible next year because of the club's failure to continue beyond the group stages of the Champions League.

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