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Man Utd set to unveil record turnover

Man Utd - Boost from Nike deal
Man Utd - Boost from Nike deal

Manchester United is to unveil a record gross turnover of £245m sterling (€328m), a report said today, establishing it as one of the world's richest football clubs.

The Financial Times said the English Premier League champions will on Friday show a 21% rise in gross turnover in its financial results to June 30, 2007, up from £202m in  the previous 12 months.

Revenues from its deal with US sportswear firm Nike and income from its broadcasting arm MUTV are included in the figure, but not from merchandising, which is recorded under a wholly-owned subsidiary, it added.

In addition, the Old Trafford club will claim to be supported by a third of a billion people around the world, based on a study of 1,000 people in 21 countries it commissioned from market research firm TNS Sport.

The FT did not give sources for its article but assessed that  the announcement would cement the club's position among world  football's elite on the financial stage.

It said Spain's Real Madrid remained the world's richest  football club after reporting a £263m turnover for 2006-7 last September. The business daily said fellow Premier League side Chelsea would  later this month report a turnover of about £200m.